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11. STOCK WARRANTS
 3 Months Ended
Dec. 31, 2022
Stock Warrants  
STOCK WARRANTS
11.
STOCK WARRANTS

The following is a summary of stock warrant activity during the three months ended December 31, 2022.

 

 

Number of
Warrant
Shares

 

 

Weighted
Average
Exercise
Price ($)

 

Balance, September 30, 2022

 

 

202,220

 

 

$

13.03

 

Warrants granted

 

 

—

 

 

 

—

 

Warrants expired

 

 

—

 

 

 

—

 

Warrants canceled

 

 

—

 

 

 

—

 

Warrants exercised

 

 

—

 

 

 

—

 

Balance, December 31, 2022

 

 

202,220

 

 

$

13.03

 

As of December 31, 2022, there are warrants exercisable to purchase 202,220 shares of common stock in the Company and there are no warrants that are unvested. These warrants have a weighted average exercise price of $13.03. During the three months ended December 31, 2022, there were no exercise of warrants.

As of September 30, 2022, the outstanding warrants have a weighted average remaining term of 2.68 years and an intrinsic value of $0.