FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Dec. 31, 2023

FAIR VALUE OF FINANCIAL INSTRUMENTS

Summary of the significant unobservable inputs in fair value measurement of Level 3 financial assets and liabilities

	Fair value at		Valuation	Unobservable	Volatility
	December 31, 2023		Technique	Input	Input
Liabilities:
Common Warrants	$	581,000	Monte Carlo simulation	Annualized volatility	140.00	%
Series A Warrants	$	1,065,000	Monte Carlo simulation	Annualized volatility	140.00	%

Summary of change in fair value of warrants

	Common Warrants		Series A Warrants		Totals
Fair value at October 1, 2023	$	1,468,000	$	2,817,000	$	4,285,000
Change in fair value		(887,000)		(1,752,000)		(2,639,000)
Fair Value at December 31, 2023	$	581,000	$	1,065,000	$	1,646,000