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SUBSEQUENT EVENTS
6 Months Ended
Mar. 31, 2023
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

J. SUBSEQUENT EVENTS

 

On April 27, 2023, the Company sold 794,117 shares of common stock at a public offering price of $1.70 per share and received aggregate net proceeds of approximately $1.1 million. The Company granted the underwriters a 30-day option to purchase up to 119,117 additional shares of common stock to cover over-allotments.  The underwriter fully exercised this option on May 2, 2023 resulting in additional net proceeds to the Company of approximately $190,000.