Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Sep. 30, 2024
Current assets:    
Cash $ 321,297 $ 149,456
Prepaid expenses and other current assets 400,882 1,206,409
Incentive tax receivable 597,393 762,078
Total current assets 1,319,572 2,117,943
Property and equipment, net 12,854 20,523
Operating lease right-of-use asset 64,640 123,417
Deferred offering costs 171,900 15,000
Other assets 486,381 494,147
Total assets 2,055,347 2,771,030
Current liabilities:    
Accounts payable 3,750,083 2,183,416
Accrued expenses and other current liabilities 1,282,906 942,489
Current portion of operating lease liability 68,837 84,291
Total current liabilities 5,101,826 3,210,196
Operating lease liability, net of current portion 46,573
Total liabilities 5,101,826 3,256,769
Commitments and contingencies (Note 4)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value: 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.0001 par value: 125,000,000 shares authorized; 3,332,728 and 650,284 issued and outstanding at June 30, 2025 and September 30, 2024, respectively 333 65
Additional paid-in capital 125,061,805 117,195,181
Accumulated deficit (128,108,617) (117,680,985)
Total stockholders’ deficit (3,046,479) (485,739)
Total liabilities and stockholders’ deficit $ 2,055,347 $ 2,771,030