Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY,
RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s Common Stock
currently trades on the NASDAQ Capital Markets under the symbol “CETX.”
As of December 26, 2023, the Company
had 70 shareholders of record. This amount does not take into account shareholders whose shares are held in “street name”
by brokerage houses or other intermediaries.
The Company is authorized to issue
10,000,000 shares of preferred stock, par value $0.001 and 50,000,000 shares of common stock, $0.001 par value per share. On December
26, 2023, there were 1,055,636 shares of common stock issued and outstanding, 2,408,053 shares of Series 1 preferred stock issued and
2,343,953 shares outstanding, and 50,000 shares of Series C preferred stock issued and outstanding.
As reported by NASDAQ Capital
Markets, on December 26, 2023, the closing sales price of the Company’s Common Stock was $5.40 per share.
Dividend Policy
Our board of directors declared
a one-time cash dividend on our common stock in April 2017. The terms of our series 1 preferred stock provide for the payment of semiannual
dividends on the last day of March and September in each year, which began in March 2017. No other cash dividends have been declared or
paid by us on our stock during either of the two most recent fiscal years or the period through the date of this Annual Report. Other
than with respect to our series 1 preferred stock, our board of directors declares dividends when, in its discretion, it determines that
a dividend payment, as opposed to another use of cash, is in the best interests of the stockholders. Such decisions are based on the facts
and circumstances then existing including, without limitation, our results of operations, financial condition, contractual restrictions,
restrictions imposed by applicable law and other factors our board of directors deems relevant. As a result, we cannot predict when, or
whether, another dividend on our common stock will be declared in the future.
Securities Authorized for Issuance under Equity Compensation Plans
The following table presents certain
information as of September 30, 2023, regarding our equity compensation plans:
Plan category
Number of Common Stock Shares to be Issued upon Exercise of Outstanding Options
Weighted Average Exercise Price of Outstanding Options
Number of Securities Remaining Available for Future Issuance under Plans (1)
(a)
(b)
(c)
Approved by security holders
2020 Equity Compensation Plan
8,793
$ 13.65
1,991,207
Not approved by security holders
Options
20,003
$ 66.95
Total
28,796
$ 50.67
1,991,207
(1)
See more detailed information regarding our equity compensation plans in the Notes to Consolidated Financial Statements in this Annual Report on Form 10-K for the year ended September 30,2023.
24
Recent Sales of Unregistered Securities
The information set forth below
relates to our issuances of securities without registration under the Securities Act of 1933 during the reporting period which were not
previously included in an Annual Report on Form 10-K, Quarterly Report on Form 10-Q or Current Report on Form 8-K.
For the fiscal year ended September
30, 2023, 213,894 shares of Series 1 Preferred Stock were issued to pay dividends to holders of Series 1 Preferred Stock.
For the fiscal year ended September
30, 2023, we issued 241,655 shares of common stock to satisfy $1,917,873 of notes payable and accumulated interest.
For the fiscal year ended September
30, 2023, we issued 30,103 shares of common stock in exchange for $215,800 of services to the Company.
On October 6, 2022, 115,037 shares
of Series 1 Preferred Stock were issued to pay dividends to holders of Series 1 Preferred Stock.
These securities were issued pursuant
to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities
for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed
investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates
with the appropriate restrictive legend affixed to the restricted stock.
ITEM 6. [RESERVED]