Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Fair Value Measurements (Tables)

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Note 3 - Fair Value Measurements (Tables)
9 Months Ended
Jun. 30, 2024
Notes Tables  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   

Nine Months Ended

 
   

June 30,

 
   

2024

   

2023

 
                 

Beginning balance

  $ 1,331,000     $ 4,294,000  

Change in fair value of derivative liabilities

    (102,000 )     (2,319,000 )

Ending balance

  $ 1,229,000     $ 1,975,000  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Valuation Methodology

 

Significant Unobservable Input

 

June 30, 2024

   

September 30, 2023

 
                     

Scenario-Based

 

Estimated change of control dates

 

March 2025 to March 2027

   

December 2024 to December 2026

 
   

Discount rate

    18.7% to 20.3%       14.1% to 15.1%  
   

Probability of change of control

    20% to 90%       20% to 90%  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Significant Unobservable Input

 

October 3, 2023

   

June 30, 2024

 
                 

Expected volatility

    79 %     88 %

Expected term (in years)

    3.0       2.3  

Discount rate

    35 %     35 %

Probability of dissolution

    60 %     85 %

Discount for lack of marketability

    15 %     13 %
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   

Nine Months Ended

 
   

June 30,

 
   

2024

   

2023

 
                 

Beginning balance

  $     $  

Additions

    918,372        

Change in fair value of equity securities

    (689,548 )      

Ending balance

  $ 228,824     $