Item 1A. Risk Factors
Item 1A. Risk Factors.
There have been no material changes from the risk factors set forth
in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended September 30, 2024, as
filed with the SEC on November 25, 2024.
Item 2. Unregistered Sale of Equity Securities
and Use of Proceeds.
During the quarter ended March 31, 2025, the Company
recorded one sales of unregistered shares:
On February 25, 2025, the Company issued a total
of 500,000 shares with a fair value on the grant date of $0.15 per share to a company in exchange for a market awareness campaign and
various public and investor relations services. The shares were sold in a private offering to an investor that was acquiring the shares
for its own account. The offering, therefore, was exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) of
the Securities Act.
The Company did not repurchase any of its equity securities that were
registered under Section 12 of the Securities Act during the quarter ended March 31, 2025.
Item 3. Defaults upon Senior Securities.
Not applicable
Item 4. Mine Safety Disclosure
Not applicable.
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