Note 9 - Equity

12 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE 9. EQUITY

Preferred Stock

The Company has authorized 20,000,000 shares of $.0001 par value preferred stock. No preferred shares were outstanding at September 30, 2022 and 2021.

Common Stock

During the year ended September 30, 2022, we issued 195,651 shares of stock for services valued $90,000.

During the year ended September 30, 2021, we issued 500,000 shares of stock for 500,000 warrants exercised at an exercise price of $1.00 per share.

Stock Options

On August 18, 2017, our board of directors adopted a stock incentive plan (“the plan”) that provides for the grant of Incentive Stock Options, Non-Qualified Stock Options or Stock Bonuses to persons who are employees of the Company, employees of subsidiaries of the Company, directors, officers, and consultants. Under the plan, the Company may grant stock bonuses or options (up to a combined maximum of 2,500,000 shares or options). Each option allows for the purchase of one share of common stock, subject to an exercise price and vesting schedule to be established by the board of directors at the time of the grant.

Options Issuances in 2022

The Company did not issue any options during the year ended September 30, 2022.

Options Issuances in 2021

The Company did not issue any options during the year ended September 30, 2021.

The following table shows the stock option activity for the years ended September 30, 2022 and 2021: 

					Weighted
			Weighted		Average
			Average		Contractual		Aggregate
	Number of		Exercise		Term		Intrinsic
	Shares		Price		(Years)		Value
Exercisable at September 30, 2021		1,700,000	$	1.94		3.5	$	-
Outstanding as of September 30, 2022		1,700,000	$	1.94		4.7	$	-
Vested and expected to vest at September 30, 2022		1,700,000	$	1.94		4.7	$	-
Exercisable at September 30, 2022		1,700,000	$	1.94		4.7	$	-

Stock based compensation expense related to the options was $0 for the years ended September 30, 2022 and 2021. At September 30, 2022, unrecognized stock-based compensation associated with stock options amounted to $0. During the years ended September 30, 2022 and 2021, we received proceeds of $0 from stock option exercises.

Warrants

Warrant Issuances in 2022

The Company did not issue any warrants during the year ended September 30, 2022.

Warrant Issuances in 2021

The Company did not issue any warrants during the year ended September 30, 2021.

The following table shows the warrant activity for the years ended September 30, 2022 and 2021: 

						Weighted
				Weighted		Average
				Average		Contractual		Aggregate
	Number of			Exercise		Term		Intrinsic
	Shares			Price		(Years)		Value
Outstanding as of September 30, 2021		7,666,650			1.21		0.80	$	-
Expired		(3,640,000	)		1.00
Outstanding as of September 30, 2022		4,026,650			1.40		1.20	$	-
Exercisable at September 30, 2022		4,026,650			1.40		1.20	$	-