Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.24.1.u1
Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2024
Fair Value Measurements [Abstract]  
Reconciliation of the Beginning and Ending Balance of Liabilities Measured Using Significant Unobservable Inputs

Six Months Ended

March 31,

2024

2023

Beginning balance

$

1,331,000

$

4,294,000

Change in fair value of derivative liabilities

(19,000)

(530,000)

Ending balance

$

1,312,000

$

3,764,000

Schedule of Quantitative Information

Valuation Methodology

Significant Unobservable Input

March 31, 2024

September 30, 2023

Scenario-Based

Estimated change of control dates

December 2024 to December 2026

December 2024 to December 2026

Discount rate

15.1% to 16.3%

14.1% to 15.1%

Probability of change of control

20% to 90%

20% to 90%

Summary of Significant Unobservable Inputs

Significant Unobservable Input

October 3,
2023

March 31, 2024

Expected volatility

79%

80%

Expected term

3.0 years

2.51 years

Discount rate

35%

35%

Probability of dissolution

60%

75%

Discount for lack of marketability

15%

13%

Reconciliation of the Beginning and Ending Balance of Assets Measured Using Significant Unobservable Inputs

Six Months Ended

March 31,

2024

2023

Beginning balance

$

$

Additions

918,372

Change in fair value of equity securities

(571,928)

Ending balance

$

346,444

$