Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 000-29621

NovAccess Global Inc.

(Exact name of registrant as specified in its charter)

Colorado

84-1384159

(State or other jurisdiction of

incorporation or organization)

(I.R.S. employer

Identification no.)

Address of principal executive offices, including zip code: 8584 E. Washington Street #127, Chagrin Falls, Ohio 44023

Registrant’s telephone number, including area code: (213) 642-9268

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (check one):

Large accelerated Filer ☐ Accelerated Filer ☐ Non-Accelerated Filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. There were 61,906,932 shares of common stock outstanding on October 29, 2024.

Table of Contents

PART I — FINANCIAL INFORMATION
Item 1. Financial Statements.	1
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	25
Cautionary and Forward-Looking Statements	25
Organization	25
Business Plan	25
Recent Events	25
Results of Operations for the Three Months Ended June 30, 2024, compared to the Three Months Ended June 30, 2023	26
Results of Operations for the Nine Months Ended June 30, 2024, compared to the Nine Months Ended June 30, 2023	26
Revenue and Cost of Sales	26
Selling, General and Administrative Expenses	26
Research and development expenses	27
Other Income/(Expenses)	27
Net Income/(Loss)	27
Liquidity and Capital Resources	27
Off-Balance Sheet Arrangements	27
Critical Accounting Estimates	28
Item 3. Quantitative and Qualitative Disclosures About Market Risk.	28
Item 4. Controls and Procedures.	28
Evaluation of Disclosure Controls and Procedures	28
Changes in Internal Control Over Financial Reporting	28

PART II — OTHER INFORMATION
Item 1. Legal Proceedings.	29
Item 1.A Risk Factors.	29
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	29
Item 3. Defaults Upon Senior Securities.	29
Item 4. Mine Safety Disclosures.	29
Item 5. Other Information.	29
Item 6. Exhibit and Financial Statement Schedules.	29
SIGNATURES	30

Part I- Financial Information

Item 1. Financial Statements

NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2024			September 30, 2023
	Unaudited
ASSETS

CURRENT ASSETS
Cash	$	794		$	21,415
Prepaid expenses		50,833			40,833

Total Current Assets		51,627			62,248

Investment		221,932			-

TOTAL ASSETS	$	273,559		$	62,248


LIABILITIES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts payable	$	738,756		$	514,686
Accrued expenses and other current liabilities		2,782,570			1,982,567
Derivative and warrants liabilities		1,901,735			2,982,382
Due to related parties		181,217			181,217
Short term loans, related parties		34,000			21,000
Convertible promissory notes, net of debt discount and debt issuance costs of $134,126 and $0 respectively		2,039,003			2,166,380
Convertible promissory note related party, net of debt discount and debt issuance cost of $0 and $0, respectively		21,500			12,500

Total Current Liabilities		7,698,781			7,860,732

TOTAL LIABILITIES		7,698,781			7,860,732

SHAREHOLDERS' DEFICIT
Preferred stock 50,000,000 shares authorized, shares issued and outstanding designated as follows: Preferred Stock Series B, $0.01 par value, 25,000 authorized 600 shares issued and outstanding, respectively		6			6
Common stock, no par value; 2,000,000,000 authorized common shares 61,906,932 and 21,744,209 shares issued and outstanding, respectively		44,083,357			43,683,197
Additional paid in capital		5,339,846			5,335,398
Paid in capital, common stock option and warrants		5,432,261			5,338,273
Paid in capital, preferred stock		4,747,108			4,747,108
Accumulated deficit		(67,027,800	)		(66,902,466	)

TOTAL SHAREHOLDERS' DEFICIT		(7,425,222	)		(7,798,484	)

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$	273,559		$	62,248

The accompanying notes are an integral part of these consolidated financial statements.

Table of Contents

NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2024 AND 2023

(Unaudited)

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023

SALES	$	-		$	-		$	-		$	-
COST OF GOODS SOLD		-			-			-			-
GROSS PROFIT		-			-			-			-

OPERATING EXPENSES
Research and development expenses		37,301			40,164			123,273			116,164
Selling, general and administrative expenses		278,048			444,481			682,177			1,940,587

TOTAL OPERATING EXPENSES		315,349			484,645			805,450			2,056,751

LOSS FROM OPERATIONS BEFORE OTHER INCOME/(EXPENSES)		(315,349	)		(484,645	)		(805,450	)		(2,056,751	)

OTHER INCOME/(EXPENSES)
Miscellaneous Income		15,379			56,082			15,379			56,082
Gain (Loss) on change in derivative liability		(445,550	)		78,871			1,288,086			(38,120	)
Change in commitment fee guarantee		(5,085	)		(134,875	)		(259,335	)		(60,750	)
Interest expense		(185,728	)		(295,072	)		(364,014	)		(857,742	)

TOTAL OTHER INCOME/(EXPENSES)		(620,984	)		(294,994	)		680,116			(900,530	)

NET INCOME (LOSS)		(936,333	)		(779,639	)		(125,334	)		(2,957,281	)

Deemed dividend on warrant re-pricing		-			-			-			(44,241	)

Net income (loss) attributable to common shareholders		(936,333	)		(779,639	)		(125,334	)		(3,001,522	)

BASIC INCOME (LOSS) PER SHARE	$	(0.02	)	$	(0.04	)	$	(0.00	)	$	(0.15	)

DILUTED INCOME (LOSS) PER SHARE	$	(0.02	)	$	(0.04	)	$	(0.00	)	$	(0.15	)

WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
BASIC		54,121,935			21,209,938			35,225,010			20,290,280
DILUTED		54,121,935			21,209,938			35,225,010			20,290,280

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Table of Contents

NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED JUNE 30, 2024 AND 2023

												Stock
	Preferred Stock,								Additional			Options/ Warrants		Paid in Capital,
	Class B				Common Stock				Paid-in			Paid in		Preferred		Accumulated
	Shares		Amount		Shares		Amount		Capital			Capital		Stock		Deficit			Total
Balance as of September 30, 2022		600	$	6		18,669,507	$	43,225,982	$	5,340,398		$	4,210,960	$	4,747,108	$	(62,177,520	)	$	(4,653,066	)

Common stock issued for services		-		-		1,699,273		282,665		-			-		-		-			282,665
Common stock issued, subscriptions		-		-		525,000		55,000		(5,000	)		-		-		-			50,000
Stock issued as commitment fee on promissory note extension		-		-		500,000		82,500		-			-		-		-			82,500
Common stock issued on repayment of loan		-		-		141,677		12,000		-			-		-		-			12,000
Stock compensation - options		-		-		-		-		-			563,314		-		-			563,314
Warrant expense		-		-		-		-		-			386,912		-		-			386,912
Net Loss		-		-		-		-		-			-		-		(2,957,281	)		(2,957,281	)
Balance as of June 30, 2023 (Unaudited)		600	$	6		21,535,457	$	43,658,147	$	5,335,398		$	5,161,186	$	4,747,108	$	(65,134,801	)	$	(6,232,956	)

											Stock
	Preferred Stock,								Additional		Options/ Warrants		Paid in Capital,
	Class B				Common Stock				Paid-in		Paid in		Preferred		Accumulated
	Shares		Amount		Shares		Amount		Capital		Capital		Stock		Deficit			Total
Balance as of September 30, 2023		600	$	6		21,744,209	$	43,683,197	$	5,335,398	$	5,338,273	$	4,747,108	$	(66,902,466	)	$	(7,798,484	)

Common stock issued for services		-		-		626,256		7,871		-		-		-		-			7,871
Common stock issued on conversion of loans		-		-		22,241,012		156,607		-		-		-		-			156,607
Common stock issued for commitment fees		-		-		2,500,000		13,750		-		-		-		-			13,750
Common stock issued for investment		-		-		14,795,455		221,932		-		-		-		-			221,932
Imputed interest on related party loans		-		-		-		-		4,448		-		-		-			4,448
Warrant expense		-		-		-		-		-		93,988		-		-			93,988
Net Loss		-		-		-		-		-		-		-		(125,334	)		(125,334	)
Balance as of June 30, 2024 (Unaudited)		600	$	6		61,906,932	$	44,083,357	$	5,339,846	$	5,432,261	$	4,747,108	$	(67,027,800	)	$	(7,425,222	)

Table of Contents

FOR THE THREE MONTHS ENDED JUNE 30, 2024 AND 2023

											Stock
	Preferred Stock,								Additional		Options/ Warrants		Paid in Capital,
	Class B				Common Stock				Paid-in		Paid in		Preferred		Accumulated
	Shares		Amount		Shares		Amount		Capital		Capital		Stock		Deficit			Total
Balance as of March 31, 2023 (Unaudited)		600	$	6		21,185,028	$	43,623,184	$	5,335,398	$	4,922,774	$	4,747,108	$	(64,355,162	)	$	(5,726,692	)

Common stock issued for services		-		-		208,752		22,963		-		-		-		-			22,963
Common stock issued on repayment of loan		-		-		141,677		12,000		-		-		-		-			12,000
Warrant expense		-		-		-		-		-		238,412		-		-			238,412
Net Loss		-		-		-		-		-		-		-		(779,639	)		(779,639	)
Balance as of June 30, 2023 (Unaudited)		600	$	6		21,535,457	$	43,658,147	$	5,335,398	$	5,161,186	$	4,747,108	$	(65,134,801	)	$	(6,232,956	)

											Stock
	Preferred Stock,								Additional		Options/ Warrants		Paid in Capital,
	Class B				Common Stock				Paid-in		Paid in		Preferred		Accumulated
	Shares		Amount		Shares		Amount		Capital		Capital		Stock		Deficit			Total
Balance as of March 31, 2024 (Unaudited)		600	$	6		30,512,014	$	43,784,278	$	5,338,906	$	5,367,273	$	4,747,108	$	(66,091,467	)	$	(6,853,896	)

Common stock issued for services		-		-		208,752		1,712		-		-		-		-			1,712
Common stock issued on conversion of loans		-		-		13,890,711		61,685		-		-		-		-			61,685
Common stock issued for commitment fees		-		-		2,500,000		13,750		-		-		-		-			13,750
Common stock issued for investment		-		-		14,795,455		221,932		-		-		-		-			221,932
Imputed interest on related party loans		-		-		-		-		940		-		-		-			940
Warrant expense		-		-		-		-		-		64,988		-		-			64,988
Net Loss		-		-		-		-		-		-		-		(936,333	)		(936,333	)
Balance as of June 30, 2024 (Unaudited)		600	$	6		61,906,932	$	44,083,357	$	5,339,846	$	5,432,261	$	4,747,108	$	(67,027,800	)	$	(7,425,222	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Table of Contents

NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED JUNE 30, 2024 AND 2023

(Unaudited)

	For the Nine Months Ended
	June 30, 2024			June 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(125,334	)	$	(2,957,281	)
Adjustment to reconcile net income/(loss) to net cash used in operating activities
Amortization of debt discount and debt issuance costs recorded as interest expense		114,844			638,481
Loss (Gain) on change in derivative liability		(1,288,086	)		38,120
Warrants expense		93,988			386,912
Imputed interest on related party loan		4,448			-
Fair value of shares issued for services		7,871			282,665
Stock based compensation		-			563,314
Fair value of commitment shares issued for loans		13,750			82,500
Changes in Assets and Liabilities:
Other receivable		-			(65,979	)
Prepaid expenses		(10,000	)		11,067
Accounts payable		228,541			144,663
Accrued expenses and interest on notes payable		800,003			405,752

NET CASH USED IN OPERATING ACTIVITIES		(159,975	)		(469,786	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Stock subscriptions received		-			50,000
Proceeds from short term loans related parties		13,000
Proceeds from convertible notes payable		230,514			599,250
Proceeds from convertible notes payable to related parties		9,000			-
Payments to related party for redemption of preferred stock		-			(5,000	)
Principal payments on convertible debt		(113,160	)		(177,250	)

NET CASH PROVIDED BY FINANCING ACTIVITIES		139,354			467,000

CASH FLOWS FROM INVESTING ACTIVITIES:

NET CASH USED BY INVESTING ACTIVITIES		-			-

NET DECREASE IN CASH		(20,621	)		(2,786	)

CASH, BEGINNING OF PERIOD		21,415			64,251

CASH, END OF PERIOD	$	794		$	61,464

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	$	15,505		$	192,878
Taxes paid	$	-		$	-

SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Common stock issued on conversion of convertible note	$	156,607		$	12,000
Initial derivative recognition on new loans and warrants	$	207,439		$	588,147
Common stock issued to purchase long-term equity investment	$	221,932		$	-
Common stock issued as commitment fee on promissory note	$	13,750		$	82,500

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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NOVACCESS GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS- UNAUDITED

JUNE 30, 2024 AND 2023

1. ORGANIZATION AND LINE OF BUSINESS

Organization

NovAccess Global Inc. (“NovAccess” or the “Company”) is a Colorado corporation formerly known as Sun River Mining Inc. and XsunX, Inc. The Company was originally incorporated in Colorado on February 25, 1997. Effective September 24, 2003, the Company completed a plan of reorganization and name change to XsunX, Inc. Effective August 25, 2020, we filed articles of amendment to our articles of incorporation with the Colorado Secretary of State to: effectuate a 1-for-1,000 reverse stock split of the Company’s outstanding shares of common stock; and change the name of the Company to “NovAccess Global Inc.” After completing the acquisition of StemVax LLC in September 2020, we exited the solar business and focused all our efforts on our biopharmaceutical business.

Line of Business

NovAccess Global Inc. is a biopharmaceutical company that is developing novel immunotherapies to treat brain tumor patients in the United States with plans to expand globally. We specialize in cutting-edge research related to utilizing a patient’s own immune system to attack the cancer. We are filing an Investigational New Drug Application (IND) and working closely with the Food and Drug Administration (FDA) to obtain approval for human clinical trials to determine the safety and efficacy of our drug product for brain cancer patients. Once we have successfully completed the clinical trials and proven that the new therapy is safe and efficacious, we plan to commercialize the product. We also have expertise in successfully executing clinical trials, bringing products to market and increasing the market size of products through our advisory board. Our scientists are well versed in immunology, stem cell biology, neuroscience, molecular biology, imaging, small molecules development, gene therapy and other technical assays needed for protein and genetic analysis of cancer cells.

NovAccess operates as a research and development (R&D) company out of Ohio and California, and our executive management and scientific advisory board provide over 15 years of extensive experience in all aspects of biopharmaceutical R&D and commercialization of drug candidates.

Going Concern

The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company does not generate significant revenue, and has negative cash flows from operations, which raises substantial doubt about the Company’s ability to continue as a going concern.

The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, additional cash infusions. The Company has obtained funds from its shareholders and from lenders since its inception through the period ended June 30, 2024. Management believes the existing shareholders, prospective new investors and lenders will provide the additional cash needed to meet the Company’s obligations as they become due and will allow the development of its business.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of NovAccess Global Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

Basis of Presentation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary StemVax, LLC. All significant inter-company accounts and transactions between these entities have been eliminated in these consolidated financial statements.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements. Significant estimates made in preparing these consolidated financial statements include the estimate of the deferred tax valuation allowance, the fair value of stock options, warrants, and derivative liabilities. Actual results could differ from those estimates.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents include cash in banks and money markets with an original maturity of three months or less.

Stock-Based Compensation

Share-based Payment applies to transactions in which an entity exchanges its equity instruments for goods or services and also applies to liabilities an entity may incur for goods or services that are to follow a fair value of those equity instruments. We are required to follow a fair value approach using an option-pricing model, such as the Binomial lattice valuation model, at the date of a stock option grant. The deferred compensation calculated under the fair value method would then be amortized over the respective vesting period of the stock option. This has not had a material impact on our results of operations.

Net Earnings (Loss) per Share Calculations

Net earnings (loss) per share dictates the calculation of basic earnings (loss) per share and diluted earnings (loss) per share. Basic earnings (loss) per share are computed by dividing by the weighted average number of common shares outstanding during the period.

The computation of diluted net earnings (loss) per share is similar to the computation of basic net earnings (loss) per share except that the numerator may have to adjust for income or loss associated with potentially dilutive securities that are assumed to have resulted in the issuance of shares of common stock, and the denominator may have to adjust to include the number of additional shares of common stock that would have been outstanding if the dilutive potential shares of common stock had been issued during the period to reflect the potential dilution that could occur from shares of common stock issuable through stock options, warrants or convertible preferred stock. For purposes of determining diluted earnings per common share, the treasury stock method is used for stock options and warrants, and the if-converted method is used for convertible preferred stock as prescribed in ASC Topic 260.

	For the Three Months Ended						For the Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023

Loss to common shareholders (Numerator)	$	(936,333	)	$	(779,639	)	$	(125,334	)	$	(3,001,522	)

Basic weighted average number of common shares outstanding (Denominator)		54,121,935			21,209,938			35,225,010			20,290,280

Diluted weighted average number of common shares outstanding		54,121,935			21,209,938			35,225,010			20,290,280

Diluted weighted average number of shares for the three and nine months ended June 30, 2024, and 2023, is the same as basic weighted average number of shares because the Company had a net loss in these periods.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fair Value of Financial Instruments

Fair Value of Financial Instruments requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of June 30, 2024, the balances reported for cash, prepaid expenses, accounts payable, accrued expenses approximate the fair value because of their short maturities.

We adopted Accounting Standards Codification (“ASC”) Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

●

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

●

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

●

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fair Value of Financial Instruments (continued)

We measure certain financial instruments at fair value on a recurring basis. The Company had no assets that are required to be valued on a recurring basis as of June 30, 2024, and September 30, 2023. The Company had liabilities that are required to be measured at fair value on a recurring basis as follows at June 30, 2024, and September 30, 2023:

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-		728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of June 30, 2024	$	1,766,561		-		-	$	1,766,561
Derivative Liability warrants at fair value as of June 30, 2024		135,174		-		-		135,174
Total Derivative Liability as of June 30, 2024	$	1,901,735		-		-	$	1,901,735

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		565,030			163,629			728,659
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loans		142,774			64,665			207,439
Net gain on change in fair value of derivative liability		(629,604	)		(658,482	)		(1,288,086	)
Ending balance as of June 30, 2024	$	1,766,561		$	135,174		$	1,901,735

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Recent Accounting Pronouncements

In July 2023, the SEC adopted the final rule under SEC Release No. 33-11216, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, requiring disclosure of material cybersecurity incidents on Form 8-K and periodic disclosure of a registrant’s cybersecurity risk management, strategy and governance in annual reports. Regulation S-K Item 6 disclosure requirements under this rule will be effective for our fiscal year ending on September 30, 2024. The Company has adopted this final rule, and it did not have an impact on the Company’s consolidated finance statement disclosures.

In October 2023, the FASB issued Accounting Standards Update (ASU) 2023-06, which incorporates 14 of the 27 disclosures referred to by the SEC in their SEC Release No. 33-10532, Disclosure Update and Simplification, issued on August 17, 2018. The amendments in this ASU modify the disclosure or presentation requirements of a variety of Topics in the Codification and apply to all reporting entities within the scope of the affected Topics unless otherwise indicated. The amendments in this ASU should be applied prospectively. For public business entities, the effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company has evaluated the effects of the adoption of ASU No. 2022-03, and it is not expected to have an impact on the Company’s consolidated financial statements.

In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which amends and enhances the disclosure requirements for reportable segments. All disclosure requirements under this standard will also be required for public entities with a single reportable segment. The new standard will be effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the Company’s Consolidated Financial Statements.

In December 2023, the FASB issued ASU No. 2023-08, “Accounting for and Disclosure of Crypto Assets”, which amends and enhances the disclosure requirements for crypto assets. The new requirements will be effective for public business entities for fiscal periods beginning after December 15, 2024. The Company has evaluated the effects of the adoption of ASU No. 2022-08, and it is not expected to have an impact on the Company’s Consolidated Financial Statements.

In December 2023, the FASB issued ASU No. 2023-09, “Improvements to Income Tax Disclosures”, which requires companies to provide disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The new requirements will be effective for public business entities for fiscal periods beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the Company’s Consolidated Financial Statements.

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted would have a material effect on the accompanying financial statements.

3. INVESTMENT

On May 17, 2024, the Company subscribed and agreed to purchase 362,956 shares of Fendix Media Limited, a United Kingdom private limited company, par value £0.001 per share, from Dawn Digital Limited, a special purpose holding company incorporated in the British Virgin Islands, in exchange for 14,795,455 shares of the Company’s common stock. Fendix Media Limited partners with the United Kingdom’s National Health Service (NHS) Trusts and Health Boards to deliver live, embedded, diverse and relevant digital content via NHS staff intranets. The Company’s investment represents approximately 18.6% ownership in Fendix Media Limited.

This investment consists of an equity investment in a private company through common shares that is accounted for at cost, with adjustments for observable changes in prices or impairments, and is classified as long-term equity investment on our consolidated balance sheets with adjustments recognized in other (expense) income, net on our consolidated statements of operations. The Company has determined that the equity investment does not have a readily determinable fair value and elected the measurement alternative. Therefore, the equity investment’s carrying amount will be adjusted to fair value at the time of the next observable price change for the identical or similar investment of the same issuer or when an impairment is recognized. Each reporting period, the Company performs a qualitative assessment to evaluate whether the investment is impaired. The assessment includes a review of recent operating results and trends, recent sales/acquisitions of the investee securities, and other publicly available data. If the investment is impaired, the Company writes it down to its estimated fair value. As of June 30, 2024 the long-term equity investment had a carrying value of $221,932.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

4. CAPITAL STOCK

As of June 30, 2024, the Company’s authorized stock consisted of 2,000,000,000 shares of common stock, with no par value.

The Company is also authorized to issue 50,000,000 shares of preferred stock with a par value of $0.01 per share. The rights, preferences and privileges of the holders of the preferred stock are determined by the Board of Directors prior to issuance of such shares.

Preferred Stock

As of June 30, 2024, the Company had 600 shares of issued and outstanding Series B Preferred held by Irvin Consulting LLC, a company owned by Dwain Irvin, the CEO of the Company.

Each share of outstanding Series B Preferred Stock entitles the holder to cast 40,000 votes. Each share of Series B Preferred Stock is convertible at the option of the holder into 10,000 common shares. In the event of any voluntary or involuntary liquidation, dissolution, or winding-up of the Company, the holders of shares of Series B Preferred Stock shall be paid out based on an as converted basis. Dividends for Series B Preferred Stock shall be declared on an as converted basis.

Common Stock

During the nine months ended June 30, 2024, the Company issued 40,162,723 shares of common stock.

The Company issued 22,241,012 shares on the conversion of the April 11, 2023, Note, the April 24, 2023 Note, the June 20, 2023 Note, the August 16, 2023 Note, and the August 17, 2023 Note, representing principal of $79,250 plus interest of $4,472, principal of $29,710, principal of $21,380, and principal of $21,795, respectively. The debt was converted within the terms of the agreements (as discussed below in Note 4).

The Company issued 626,256 shares to various vendors for services provided for a value of $7,871 recorded at fair value of shares on the respective grant dates and including 326,250 shares issued to a related party for services provided amounting to $4,108 recorded at the fair value of shares on the respective grant dates.

The Company issued 2,500,000 shares as commitment fees in connection with the letter agreement issued on April 29, 2024. These shares were recorded at fair value as of the date of issuance.

The Company issued 14,795,455 shares to purchase 362,956 shares of Fendix Media Limited, a United Kingdom private limited company.

During the nine months ended June 30, 2023, the Company issued 2,865,950 shares of common stock. 1,699,273 shares were issued to various vendors for services provided, including 326,250 shares issued to a related party for services provided; 141,677 shares were issued on repayment of loan; 525,000 shares were issued in relation to stock subscriptions; and 500,000 shares were issued as commitment fees in connection with the letter agreement issued on February 9, 2023.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES

Convertible Promissory notes as on June 30, 2024	Principal Amount		Unamortized balance of Debt Discount and Issuance Costs			Outstanding balance as on June 30, 2024		Derivative balance as on June 30, 2024

2013 Note	$	12,000	$	-		$	12,000	$	-
2014 Note		50,880		-			50,880		223,422
2017 Note		115,000		-			115,000		472,304
February 2022 Note		250,000		-			250,000		128,004
May 2022 Note		1,000,000		-			1,000,000		545,407
August 2022 Note		100,000		-			100,000		-
February 2023 Note		265,000		-			265,000		134,373
June 19, 2023 Note		75,000		-			75,000		38,540
August 16, 2023 Note		33,205		-			33,205		27,532
December 29, 2023 Note		29,444		-			29,444		13,680
February 27, 2024 Note		100,000		(30,865	)		69,135		37,136
April 29, 2024 Note		25,600		(16,783	)		8,817		24,153
May 13, 2024 Note		117,000		(86,478	)		30,522		122,010
Total		2,173,129		(134,126	)		2,039,003		1,766,561

2013 Note

On October 1, 2013, the Company issued an unsecured convertible promissory note (the “2013 Note”) in the amount of $12,000 to a former Board member (the “Holder”) in exchange for retention as a director during the fiscal year ending September 30, 2014. The Note can be converted into shares of common stock by the Holder for $4.50 per share. The Note matured on October 1, 2015, and bore a one-time interest charge of $1,200 which was applied to the principal on October 1, 2014. As of June 30, 2024, the outstanding principal balance was $12,000 and accrued interest was $1,200. This loan is in default.

2014 Note

On November 20, 2014, the Company issued a 10% unsecured convertible promissory note (the “2014 Note”) for the principal sum of up to $400,000 plus accrued interest on any advanced principal funds. The 2014 Note matured eighteen months from each advance. The 2014 Note may be converted by the lender into shares of common stock of the Company at the lesser of $12.50 per share or (b) fifty percent (50%) of the lowest traded prices following issuance of the 2014 Note or (c) the lowest effective price per share granted to any person or entity. On November 20, 2014, the lender advanced $50,000 to the Company under the 2014 Note at inception. On various dates from February 18, 2015, through September 30, 2016, the lender advanced an additional $350,000 under the 2014 Note. On September 3, 2024, the Company and lender agreed to extend the maturity date for the outstanding balance to June 30, 2025. As of June 30, 2024, the outstanding principal balance was $50,880 and accrued interest was $40,523.

2017 Note

On May 10, 2017, the Company issued a 10% unsecured convertible promissory note (the “2017 Note”) for the principal sum of up to $150,000 plus accrued interest on any advanced principal funds. The Company received a tranche in the amount of $25,000 upon execution of the 2017 Note. On various dates, the Company received additional tranches in the aggregate sum of $90,000. On September 3, 2024, the Company and lender agreed to extend the maturity date for the outstanding balance to June 30, 2025. The 2017 Note may be converted by the lender into shares of common stock of the Company at the lesser of $10 per share or (b) fifty percent (50%) of the lowest traded price of common stock recorded on any trade day after the effective date, or (c) the lowest effective price per share granted to any person or entity. As of June 30, 2024, the outstanding principal balance was $115,000 and accrued interest was $78,219.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

August 2021 Note

On August 20, 2021, the Company issued a 10% secured promissory note (the “August 2021 Note”) for the principal sum of $500,000 plus accrued interest. The August 2021 Note was to mature on February 20, 2022, unless extended for up to an additional six months. The August 2021 Note could be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of 90% (representing a 10% discount) multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period. The Company issued 1,000,000 warrants at a price of $1.50 in connection with the note and issued 400,000 shares as a commitment fee. In February 2022, the Company extended the term of the August 2021 Note for an additional six months. The Company repaid the August 2021 Note on May 9, 2022, in connection with the issuance of the May 2022 Note described below. As of June 30, 2024, the balance on the August 2021 Note was $0.

In connection with the February 2023 Letter Agreement (described below) the warrants issued in connection with this note were repriced to $0.20 per share. The warrants contained a ratchet price adjustment provision and the difference in fair value upon the reduction of exercise price was treated as a deemed dividend for the down round adjustment provision.

February 2022 Note

On February 15, 2022, the Company issued a 10% secured promissory note (the “February 2022 Note”) for the principal sum of $250,000 plus accrued interest. The February 2022 Note was to mature on August 15, 2022, unless extended for up to an additional six months. The February 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before the conversion. In July 2022, the Company extended the term of the February 2022 note for another six months until February 15, 2023. In connection with the note, the Company issued 500,000 warrants with an exercise price of $1.50. The February 2022 Note had an original issuance discount amounting to $25,000, debt issuance cost amounting to $12,000 and the Company issued 300,000 shares as a commitment fee valued at $111,000 based on the share price on the date of the agreement. The initial recognition of derivative and warrant liability was recorded as debt discount and amortized over the term of the loan. The debt discount is fully amortized and the balance in debt discount as on June 30, 2024, was $0. As of June 30, 2024, the principal balance outstanding was $250,000 and accrued interest was $37,500. On February 9, 2023, the Company entered into a letter agreement in connection with the February 2022 Note, whereby the lender extended the due date of the loan to May 9, 2023, and deferred all interest payments for the period from January 1, 2023, until May 9, 2023. Pursuant to the letter agreement the exercise price of the warrants issued with the February 2022 Note was reduced to $0.20 per share. The warrants contained a ratchet price adjustment provision and the difference in fair value upon the reduction of exercise price was treated as a deemed dividend for the down round adjustment provision.

The Holder has agreed to a number of extensions on the loan and on October 16, 2024, agreed to an extension until October 31, 2024.

May 2022 Note

On May 5, 2022, the Company issued a 12% secured promissory note (the “May 2022 Note”) for the principal sum of $1,000,000 plus accrued interest. The May 2022 Note was to mature on November 5, 2022, unless extended for up to an additional six months. If extended, the interest rate increased to 15% for the remaining six months. The May 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion. The Company used some of the proceeds from the May 2022 Note to pay off the August 2021 Note. In November 2022, the Company extended the May 2022 Note for another six months until May 5, 2023. In connection with the loan the Company issued 1,000,000 warrants at an exercise price of $0.01. The May 2022 Note had an original issuance discount amounting to $100,000, debt issuance costs of $25,500 and the Company issued 875,000 shares as a commitment fee valued at $259,875 based on the share price on the date of the agreement. The initial recognition of derivative liability of $412,065 and warrant liability amounting to $282,051 was recorded as debt discount and amortized over the term of the loan. The balance in debt discount as on June 30, 2024, was $0. As of June 30, 2024, the principal balance outstanding was $1,000,000 and accrued interest was $225,000.

The Holder has agreed to a number of extensions on the loan and on October 16, 2024, agreed to an extension until October 31, 2024.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

August 2022 Note

On August 8, 2022, the Company issued a 12% unsecured promissory note (the “August 2022 Note”) for the principal sum of $100,000 plus accrued interest. The August 2022 Note matured on August 8, 2023. The holder has the right, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a conversion price of $0.15. The initial recognition of derivative liability of $77,259 was recorded as debt discount and amortized over the term of the loan. The balance in debt discount as on June 30, 2024, was $0. As of June 30, 2024, the balance outstanding was $100,000 and accrued interest was $30,977.

On August 3, 2023, the Company and the holder signed an agreement extending the loan until November 8, 2023, with an interest rate of 14% commencing on August 9, 2023. On January 31, 2024, the Holder agreed to a further extension until February 29, 2024, in return for an additional fee of $5,000. On May 9, 2024, the Holder agreed to a third extension until August 10, 2024, in exchange for an interest rate change to 20% retroactive to August 9, 2022. On August 16, 2024, the Holder agreed to a repayment plan requiring payment in full for unpaid principal and interest by February 27, 2025.

September 2022 Note

On September 22, 2022, the Company issued an 8% secured promissory note (the “September 2022 Note”) for the principal sum of $79,250 plus accrued interest. The September 2022 Note was to mature on September 22, 2023. In case of default in repayment of the outstanding amount on the due date, the balance would have borne interest of 22% per annum. The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company had the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty was subject to agreement between the parties. The initial recognition of derivative liability amounting to $75,000 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. The Company repaid the loan in full including interest of $3,127 and prepayment penalty of $20,594 on March 12, 2023. As of June 30, 2024, the balance outstanding was $0.

November 2022 Note

On November 1, 2022, the Company issued an 8% secured promissory note (the “November 2022 Note”) for the principal sum of $55,000 plus accrued interest. The November 2022 Note was to mature on November 1, 2023. In case of default in repayment of the outstanding amount on the due date, the balance would have borne interest of 22% per annum. The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company had the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty was subject to agreement between the parties. The initial recognition of derivative liability amounting to $50,750 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. The Company repaid the loan in full including interest of $2,109 and prepayment penalty of $14,277 on April 24, 2023. As of June 30, 2024, the balance outstanding was $0.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

December 2022 Note

On December 7, 2022, the Company issued an 8% secured promissory note (the “December 2022 Note”) for the principal sum of $55,000 plus accrued interest. The December 2022 Note was to mature on December 7, 2023. In case of default in repayment of the outstanding amount on the due date, the balance would have borne interest of 22% per annum. The holder had the right, after six months, until the date of payment in full of all amounts outstanding, to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company had the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty was subject to agreement between the parties. The initial recognition of derivative liability amounting to $50,750 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. On June 13, 2023, the lender converted $12,000 of the amount due into 141,677 shares of the Company and on June 20, 2023, the Company repaid the balance of the loan together with $2,260 in interest and $11,315 in prepayment penalty. As of June 30, 2024, the balance outstanding was $0.

February 2023 Letter Agreement

On February 9, 2023, the Company entered into a letter agreement, whereby the Company borrowed an additional loan amounting to $265,000, which was added to the May 2022 Note. The $265,000 loan has an original issuance discount of 10% of the principal and bears interest at 10% a year. This loan was due on May 9, 2023. Our chief executive officer, Dwain K. Irvin, guaranteed repayment of the loan. Pursuant to this agreement, the Company paid a commitment fee of 500,000 unregistered shares of the Company’s common stock which were valued at $82,500 based on the share price on the date of the agreement. The initial recognition of derivative liability amounting to $110,576 was recorded as debt discount and amortized over the term of the loan. The original issuance discount of $26,500 was recorded as debt discount and amortized over the term of the loan. As of June 30, 2024, the unamortized debt discount balance was $0, the principal balance outstanding was $265,000 and accrued interest was $36,806.

Also, as part of this agreement the lender extended the term of February 2022 note to May 9, 2023, and deferred payment of all interest due on both the February 2022 note and May 2022 note until May 9, 2023. In addition, the Company issued 1,000,000 warrants to purchase common stock at a price of $0.20 per share and repriced the warrants issued in connection with the August 2021 Note and February 2022 Note to $0.20 per share. Since the consideration was for all the modifications and not just the additional loan, the expense was recorded immediately.

On June 8, 2023, the Company entered into a letter agreement which extended the due date of the February 22 note until June 30, 2023. On August 8, 2023, the Company entered into a further letter agreement extending the due date of the loan until August 31, 2023. On January 29, 2024, the Holder agreed to a further extension until February 29, 2024, on May 13, 2024, the Holder agreed to a further extension until May 31, 2024, and on October 16, 2024, the Holder agreed to an extension until October 31, 2024.

April 11, 2023 Note

On April 11, 2023, the Company issued a convertible promissory note for the principal sum of $79,250 plus accrued interest (the “April 11, 2023 Note”). The loan bears interest at 8% a year. The note matures on April 11, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $75,000 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. As of September 30, 2023, the remaining debt discount and debt issuance cost balance was expensed since the loan was in default because of a delay in filing the Company’s report on Form 10-K for the period ending September 30, 2023. During the nine months ending June 30, 2024, on various dates, the $79,250 principal of the loan and accrued interest was converted to 6,953,792 common shares within the terms of the note with no gain or loss. As of June 30, 2024, the principal balance outstanding was $0 and accrued interest was $0.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

April 24, 2023 Note

On April 24, 2023, the Company issued a convertible promissory note in the original principal amount of $54,250 plus accrued interest (the “April 24, 2023 Note”). The loan bears interest at 8% a year. The note matures on April 24, 2024. In case of default in repayment of the outstanding amount on the due date the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of derivative liability amounting to $50,000 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance costs was expensed since the loan was in default because of a delay in filing the Company’s report on Form 10-K for the period ending September 30, 2023. During the nine months ending June 30, 2024, on various dates, $24,540 principal of the loan and $4,125 of accrued interest was repaid, and $29,710 principal of the loan was converted to 4,481,509 common shares within the terms of the note with no gain or loss. As of June 30, 2024, the principal balance outstanding was $0 and accrued interest was $0.

June 19, 2023 Letter Agreement

On June 19, 2023, the Company entered into a letter agreement whereby it borrowed a further $75,000 which was added to the May 2022 Note. This loan bears interest at 15% a year and originally matured on July 16, 2023. Our chief executive officer, Dwain K. Irvin, guaranteed repayment of the $75,000 loan. In connection with this loan the Company issued 750,000 warrants at an exercise price of $0.0001 per share. The initial recognition of the derivative liability was $75,000 which is amortized over the life of the loan. As of June 30, 2024, the principal balance outstanding was $75,000 and accrued interest was $11,562.

On August 8, 2023, the Company entered into a further letter agreement extending the due date of the loan until August 31, 2023. On January 31, 2024, the Holder agreed to a further extension until February 29, 2024, on May 13, 2024, the Holder agreed to a further extension until May 31, 2024, and on October 16, 2024, the Holder agreed to an extension until October 31, 2024.

June 20, 2023 Note

On June 20, 2023, The Company issued a convertible promissory note in the original principal amount of $55,000 plus accrued interest (the “June 20, 2023 Note”). The loan bears interest at 8% a year and matures on June 20, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $17,937 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded in debt discount and amortized of the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance cost was expensed since the loan was in default because of a delay in filing the Company’s report on Form 10-K for the period ending September 30, 2023.

During the nine months ending June 30, 2024, on various dates, $33,620 principal of the loan and $6,131 of accrued interest was repaid, and $21,380 principal of the loan was converted to 5,405,711 common shares within the terms of the note with no gain or loss. As of June 30, 2024, the principal balance outstanding was $0 and accrued interest was $0.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

August 16, 2023 Note

On August 16, 2023, the Company issued a convertible promissory note in the original principal amount of $55,000 plus accrued interest (the “August 16, 2023, Note”). The note bears interest at 8% a year and matured on August 16, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $52,800 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $2,200 was recorded in debt discount and amortized of the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance cost was expensed since the loan was in default as a result of a delay in filing the Company’s report on Form 10-K for the period ending September 30, 2023.

During the nine months ending June 30, 2024, on various dates, $21,795 principal of the loan was converted to 5,400,000 common shares within the terms of the note with no gain or loss. As of June 30, 2024, the principal balance outstanding was $33,205 and accrued interest was $3,530. The loan is in default and the Company and the Holder are discussing a settlement. The Company has recorded an accrual for its best estimate of the settlement.

August 17, 2023 Note

On August 17, 2023, the Company issued a convertible promissory note in the original principal amount of $55,000 plus accrued interest (the “August 17, 2023 Note”). The note bears interest at 8% a year and was to mature on August 17, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $50,000 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $5,000 was recorded in debt discount and amortized of the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance cost was expensed since the loan was in default as a result of a delay in filing the Company’s report on Form 10-K for the period ending September 30, 2023.

During the nine months ending June 30, 2024, on various dates, $55,000 principal of the loan and $5,249 of accrued interest was repaid. As of June 30, 2024, the principal balance outstanding was $0 and accrued interest was $0.

December 29, 2023 Letter Agreement

On December 29, 2023, the Company entered into a letter agreement with the holder of the February 2022 Note. Under this agreement the holder agreed to loan the Company an additional $29,444 to be added to the principal of the February 2022 Note. An initial amount of $10,000 was loaned on December 29, 2023, with the remaining amount of $19,444 loaned to the Company on February 8, 2024. The loan has an original interest discount of 10% and bears interest at 10% per annum. On May 13, 2024, the Holder agreed to a further extension until May 31, 2024. As part of this agreement, the Company agreed to extend the life on each of the warrants previously issued to the holder by two years. On October 16, 2024, the Holder agreed to an extension until October 31, 2024. As of June 30, 2024, the principal balance outstanding was $29,444 and accrued interest was $1,281.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

February 27, 2024 Note

On February 27, 2024, the Company issued a convertible promissory note in the principal amount up to $100,000 plus accrued interest (the “February 27, 2024 Note”). The note has an original interest discount of 20%, bears interest at 12% per calendar year and was to mature on August 27, 2024. The terms of the note included payment in three tranches on February 27, 2024, March 15, 2024, and April 15, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 18% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to the lowest trading price for the common stock during the twenty-trading day period ending on the latest complete trading day prior to the conversion date. The initial recognition of the derivative liability of $47,293 was recorded in debt discount and will be amortized over the term of the loan. The debt issuance cost of $5,000 was recorded in debt issuance discount and will be amortized over the term of the loan. The balance in debt discount as of June 30, 2024, was $30,865. As of June 30, 2024, the principal balance outstanding was $100,000 and accrued interest was $3,447. On October 16, 2024 the Holder agreed to an extension until October 31, 2024.

April 29, 2024 Note

On April 29, 2024, the Company issued a convertible promissory note in the principal amount of $25,600 plus accrued interest (the “April 29, 2024 Note”). The note has an original interest discount of 10%, bears interest at 12% per calendar year and matured on October 26, 2024. The April 29, 2024 Note could be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion. The Company issued 2,500,000 shares as a commitment fee. The April 29, 2024 Note had an original issuance discount amounting to $2,560 and debt issuance cost amounting to $5,000, which were recorded as debt discount and will be amortized over the term of the loan. The commitment fee was valued at $13,750 based on the share price on the date of the agreement, of which $3,096 was expensed immediately, and the value of the derivative was $9,532, of which $2,146 was expensed immediately, and the balance was recorded as debt discount and will be amortized over the term of the loan. The balance in debt discount as on June 30, 2024 was $16,783. As of June 30, 2024, the principal balance outstanding was $25,600 and accrued interest was $529. On October 29, 2024 the Holder agreed to an extension until October 31, 2024.

May 13, 2024 Note

On May 13, 2024, the Company issued a 12% secured promissory note (the “May 13, 2024 Note”) for the principal sum of $117,000 plus accrued interest. The May 13, 2024 Note matures on November 13, 2024. The May 13, 2024 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion. In connection with the loan the Company issued 10,000,000 prefunded warrants, of which 3,000,000 may be repurchased by the Company for $1 if all amounts due to the Holder are paid within 90 days. The net proceeds from this loan were used to pay off the June 20, 2023 Note and the August 17, 2023 Note. The May 13, 2024 Note had an original issuance discount amounting to $11,700 and debt issuance costs of $5,300. The initial recognition of derivative liability of $85,588, of which $28,625 was expensed immediately, and warrant liability amounting to $64,665, of which $21,628 was expensed immediately, was recorded as debt discount and the remaining balance will be amortized over the term of the loan. The balance in debt discount as on June 30, 2024 was $86,478. As of June 30, 2024, the principal balance outstanding was $117,000 and accrued interest was $1,872.

Evaluation of Financing Transactions

We evaluated the financing transactions in accordance with ASC Topic 815, Derivatives and Hedging, and determined that the conversion feature of the convertible promissory notes was not afforded the exemption for conventional convertible instruments due to thier variable conversion rates. The notes have no explicit limit on the number of shares issuable so they did not meet the conditions set forth in current accounting standards for equity classification. The Company elected to recognize the notes under paragraph 815-15-25-4, whereby, there would be a separation into a host contract and derivative instrument. The Company elected to initially and subsequently measure the notes in their entirety at fair value, with changes in fair value recognized in earnings. The Company recorded a derivative liability representing the imputed interest associated with the embedded derivative. The derivative liability is adjusted periodically according to the stock price fluctuations based upon the Binomial lattice model calculation.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

5. CONVERTIBLE PROMISSORY NOTES (Continued)

The convertible notes issued and described in this Note do not have fixed settlement provisions because their conversion prices are not fixed. The conversion feature has been characterized as a derivative liability to be re-measured at the end of every reporting period with the change in value reported in the statement of operations.

We record the full value of the derivative as a liability at issuance with an offset to valuation discount, which will be amortized over the life of the notes.

For purpose of determining the fair market value of the derivative liability for the embedded conversion, the Company used Binomial lattice valuation model. The significant assumptions used in the Binomial lattice valuation of the derivatives are as follows:

Risk free interest rate		Between 5.1% and 5.5%
Stock volatility factor		Between 94% and 229%
Years to Maturity		Between 1.6 months and 12 months
Expected dividend yield		None

6. CONVERTIBLE PROMISSORY NOTES, RELATED PARTY

July 2022 Note, related party

On July 28, 2022, the Company issued a 12% unsecured promissory note (the “July 2022 Note”) for the principal sum of $12,500 plus accrued interest. All amounts outstanding under the July 2022 Note were payable on the earlier of: (a) October 31, 2022, or (b) the receipt by the Company of debt or equity financing of $3.0 million. The holder has agreed to various extensions on the loan, the most recent being on June 15, 2024, extending the due date until October 31, 2024. The holder has the right, until the date of payment in full of all amounts outstanding, to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at conversion price of $0.15. The initial recognition of derivative liability of $12,500 was recorded as debt discount and amortized over the term of the loan. The balance in debt discount as on June 30, 2024, was $0. As of June 30, 2024, the principal balance outstanding was $12,500 and accrued interest was $2,882.

May 2024 Note, related party

On May 31, 2024, the Company issued an interest free unsecured promissory note (the “May 31, 2024, Note”) for the principal sum of $9,000 to John A. Cassarini, our Chairman. The note has no fixed term and is repayable to the Company upon receipt of debt or equity financing of at least $1.0 million. The note convertible at any time into shares of common stock of the Company at a conversion price of $0.11 per share.

7. SHORT TERM LOANS, RELATED PARTIES

On July 28, 2022, the Company entered into a short-term interest free loan agreement amounting to $12,500, with Jason M. Anderson, an independent member of our board of directors, to fund operations until longer term financing can be obtained by the Company. The loan terms required repayment of all amounts outstanding under the loan on the earlier of: (a) October 31, 2022 or (b) the receipt by the Company of debt or equity financing of $3.0 million.

On February 9, 2023, the Company entered into a second interest-free loan agreement with Mr. Anderson amounting to $8,500. The loan does not bear interest (except on default) and was due on the earlier of August 31, 2023, or our receipt of debt or equity financing of at least $3.0 million.

On January 26, 2024, Jason Anderson loaned the Company a further $2,000 to address short-term cash needs. The loan is non-interest bearing and has the same terms as Mr. Anderson’s previous loans discussed above.

Mr. Anderson has agreed to various extensions on these loans, the most recent being on September 24, 2024, extending the due date until October 31, 2024.

On December 21, 2023, our Chairman, John A. Cassarini loaned the Company $10,000 to address short-term cash need. Our Chief Financial Officer, Neil J. Laird loaned the Company $1,000. These loans do not bear interest and do not have a specified due date but are expected to be paid in full upon completion of the Sumner transaction or other financing.

For the nine months ended June 30, 2024, imputed interest of $4,448 on these related party loans was charged to interest expense and credited to additional paid-in capital.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

8. WARRANTS

On August 20, 2021, for value received in connection with the August 2021 Note, the Company issued 1,000,000 warrants to the lender with an exercise price of $1.50 per share with a five-year exercise period. On February 9, 2023, the Company entered into a letter agreement in connection with the August 2021 Note, whereby the exercise price of the warrants issued on the August 2021 Note was reduced to $0.20 per share. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

On February 16, 2022, for value received in connection with the February 2022 Note, the Company issued 500,000 warrants to the lender with an exercise price of $1.50 per share with a five-year exercise period. On February 9, 2023, the Company entered into a letter agreement in connection with the August 2021 Note, whereby the exercise price of the warrants issued on the August 2021 Note was reduced to $0.20 per share. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

Per guidance in ASC 260, the Company determined that the repricing of warrants discussed above, was an exchange of the existing 1,500,000 warrants and the difference between the fair value of the warrants immediately prior to modification of terms and immediately after the adjustment was as a deemed dividend. The difference between the fair value of the warrants immediately prior to modification of terms and immediately after the adjustment was calculated as $44,241, using a Black Scholes model based on the following significant inputs: On February 9, 2023:

Common stock price		$0.165
Risk free interest rate		Between 3.8% and 3.7%
Stock volatility factor		Between 156% and 159%
Years to Maturity		Between 3.2 and 4.1 years
Expected dividend yield		None

On May 10, 2022, for value received in connection with the issuance of the May 2022 Note, the Company issued 1,000,000 warrants to the lender with an exercise price of $0.01 per share with a five-year exercise period. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

On February 9, 2023, for value received in connection with the issuance of the February 2023 Note and extending the payment terms on previously issued notes, the Company issued 1,000,000 warrants to the lender with an exercise price of $0.20 per share with a five-year exercise period. The fair value of the warrant issued in relation to the letter agreement issued in February 2023, was recorded as stock compensation expense amounting to $148,500. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

In connection with a letter agreement on June 8, 2023, to extend the due date of the February 2022 Note, the May 2022 Note and the February 2023 letter agreement until June 30, 2023, the Company issued common stock purchase warrants at $0.20 a share with a five-year term. 1,000,000 warrants were issued on June 8, 2023, 500,000 warrants were issued on June 15, 2023, and 500,000 warrants were issued on June 30, 2023. The fair value of the warrant issued in relation to the letter agreement issued on June 2023, was recorded as expense amounting to $238,412. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

On June 19, 2023, for value received in connection with the issuance of the June 20, 2023, letter agreement, the Company issued a warrant to purchase 750,000 shares of common stock for $0.0001 a share with a seven-year term.

On August 9, 2023, in connection with the extension of the due date of the February 2022 loan, the May 2022 loan, the February 2023 letter agreement and the June 2023 letter agreement, the Company issued 2,000,000 common stock warrants at $0.20 per share with a five-year term. The fair value of this warrant was recorded as an expense of $177,086. This agreement also amended the terms of the previous warrant agreements from cash to cashless exercise. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

8. WARRANTS (Continued)

The Company valued the impact of the two-year extension of the term on all of the above warrants using the Black-Scholes model based on the following significant inputs and recorded an expense of $29,000.

	5 Year	7 Year
Common stock price	$0.02	$0.02
Risk free interest rate	Between 3.8% and 4.0%	Between 3.8% and 3.9%
Stock volatility factor	Between 147% and 158%	Between 143% and 152%
Years to Maturity	Between 2.6 and 4.6 years	Between 4.6 and 6.6 years
Expected dividend yield	None	None

On May 13, 2024, in connection with the May 13, 2024 Note, the Company issued 10,000,000 common stock warrants exercisable at $0.0001 per share with a five-year term. The fair value of this warrant was recorded as warrant expense of $64,665, based on a Black Scholes model based on the following significant inputs:

Common stock price		$0.0065
Risk free interest rate		4.3%
Stock volatility factor		157%
Years to Maturity		5 years
Expected dividend yield		None

On June 30, 2024, the fair value of the derivative liability of the warrants was $135,174 and $728,991 as of September 30, 2023.

For the purpose of determining the fair market value of the derivative liability for the embedded conversion, the Company used the Binomial lattice valuation model. The significant assumptions used in the Binomial lattice valuation of the derivatives are as follows:

Risk free interest rate		Between 4.3% and 4.4%
Stock volatility factor		Between 149% and 163%
Years to Maturity		Between 4.2 and 6.1 years
Expected dividend yield		None

9. OPTIONS

On June 2, 2020, the Company issued 2,000,000 options, on a post reverse split basis, to purchase common stock to the then directors of the Company as compensation for serving on the board during 2019. These options are exercisable on a cashless basis for a period of ten years from September 30, 2020, at an exercise price of $0.01 per share.

For the purpose of determining the fair market value of the options issued on June 2, 2020, the Company used the Black Scholes valuation model. The significant assumptions used in the Black Scholes valuation model for the options are as follows:

Risk Free Interest Rate		0.32%
Stock Volatility Factor		146.0%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

On March 13, 2023, the Company entered into non-qualified stock option agreements and granted vested ten-year options to purchase shares of the Company’s common stock for $0.175 a share, the closing price on the grant date. The Company issued options to purchase a total of 3,542,857 shares as follows: (a) 857,143 to each of the independent directors, (b) 428,571 to the chief financial officer, and 571,429 to the president of our StemVax Therapeutics subsidiary; (c) 57,143 to each of our scientific advisory board members; and (d) the remaining 542,857 to staff members and other service providers. The options are 100% vested and exercisable on the grant date and will expire on the tenth anniversary of the grant date on March 13, 2033. The stock-based compensation expense of $563,315 relating to the 2023 grants was recorded in the income statement on the grant date as the options are fully vested and exercisable on that date.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

9. OPTIONS (Continued)

For the purpose of determining the fair market value of the options, the Company used the Black Scholes valuation model. The significant assumptions used in the Black Scholes valuation model for the options are as follows:

Risk Free Interest Rate		3.68%
Stock Volatility Factor		146.79%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

A summary of the Company’s options activity and related information follows for the quarter ended June 30, 2024:

	June 30, 2024
			Weighted
	Number		average
	Of		exercise
	Options		price
Outstanding - beginning of period		5,542,857	$	0.115
Granted		-	$	-
Exercised		-	$	-
Forfeited		-	$	-
Outstanding - end of period		5,542,857	$	0.115

At June 30, 2024, the weighted average remaining contractual life of options outstanding:

		June 30, 2024
						Weighted
						Average
						Remaining
Exercisable		Options		Options		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	.01		2,000,000		2,000,000		6.25
$	0.175		3,542,857		3,542,857		8.70

10. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and accrued other current liabilities consisted of the following as of June 30, 2024, and September 30, 2023:

	June 30, 2024		September 30, 2023
Accrued liabilities		33,797		11,154
Interest payable		486,066		289,101
Provision for guaranteed commitment fees (1)		1,301,835		1,042,500
Accrued payroll		150,712		3,875
Deferred compensation		717,512		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		52,246		23,772
	$	2,782,570	$	1,982,567

(1) Under the terms of the August 2021 Note, the February 2022 Note, the May 2022 Note, the February 2023 Letter Agreement and the June 19, 2023, Letter Agreement, the Company issued a total of 2,825,000 shares of common stock or pre-funded warrants as commitment fees. If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000. The difference between the fair value of the 2,825,000 shares as on June 30, 2024, and the guaranteed sale amount was recorded as a provision for guaranteed commitment fees and included in the table above.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

11. DUE TO RELATED PARTIES

Due to Innovest Global

During the periods prior to the year ended September 30, 2022, Innovest Global, Inc. (“Innovest”) advanced funds to the Company for operating expenses in the amount of $86,217. As of June 30, 2024, the amount has not been reimbursed to Innovest. Our former Chairman Daniel Martin was the CEO of Innovest when the funds were advanced.

Due to TN3 LLC

On January 31, 2022, the Company entered into a preferred stock redemption agreement with Daniel G. Martin, at the time, sole board member and chairman, TN3, LLC, a company owned by Mr. Martin, Dwain K. Irvin, the chief executive officer, and Irvin Consulting, LLC, a company owned by Dr. Irvin. TN3 owned 25,000 shares of the Series B convertible preferred stock. Pursuant to the redemption agreement, on March 14, 2022, NovAccess redeemed 24,400 of the preferred shares and Irvin Consulting purchased 600 of the preferred shares from TN3. The Company also issued to TN3 1,502,670 shares of unregistered common stock, at $ 0.35 amounting to $525,934 which was equal to 10% of our outstanding common stock on the date the redemption agreement was signed. Upon completion of the redemption transaction, the Company was obligated to pay to TN3 a total of $250,000 over a period of eleven months, with payment accelerated if the Company raises at least $2.5 million of equity capital. As of June 30, 2024, the Company owed TN3 $95,000 of the redemption price and was in default.

Also in connection with closing the redemption transaction, on March 14, 2022, the Company entered into a common stock distribution agreement with Innovest Global, Inc. Innovest acquired 7.5 million shares of the common stock when Innovest sold StemVax, LLC to NovAccess in September 2020. Pursuant to the stock distribution agreement, Innovest agreed to distribute its NovAccess common stock to Innovest’s shareholders. Innovest has not completed the distribution.

12. COMMITMENTS AND CONTINGENCIES

There are no material pending legal proceedings to which we are a party, nor are there any such proceedings known to be contemplated by governmental authorities. None of our directors, officers, or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business.

13. SUBSEQUENT EVENTS

Sumner Global Investment

On December 29, 2023, NovAccess Global Inc. entered into a securities purchase agreement (the “purchase agreement”) with Sumner Global LLC, an affiliate of Sumner Investment Group Inc. (“Sumner”), pursuant to which Sumner agreed to purchase 33.0 million newly issued shares of our unregistered common stock for $0.11 a share, or $3.63 million in total, and to loan us $7.05 million (collectively, the “transaction”). We expect to use this investment to fund operations and repay debt. Sumner is a global company that has created value across a diverse range of assets focusing on the procurement of products and services for governments and corporations around the world with an emphasis on healthcare, defense and logistics.

Sumner agreed to purchase the shares of common stock on or before January 31, 2023. Sumner agreed to make the loans in two tranches, with $3.05 million on February 15, 2024, and the remaining $4.0 million on March 15, 2024. The loans will be represented by convertible promissory notes that will have a five-year term, bear interest at 10% a year, and be convertible into shares of NovAccess common stock at $0.11 a share.

Pursuant to the purchase agreement, Sumner has the right to appoint up to three new members to our board of directors. The purchase agreement also includes typical representations, warranties and covenants.

As required by the purchase agreement, Irvin Consulting, LLC, a California limited liability company owned by our CEO Dwain K. Irvin, agreed to convert 600 shares of our Series B convertible preferred stock into 6.0 million shares of the Company’s unregistered common stock pursuant to the terms of the preferred stock (the “conversion”). The conversion will be effective upon our receipt of the $3.63 million purchase price for the common stock purchased by Sumner. Upon completion of the conversion, we will not have any shares of preferred stock outstanding.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024 AND 2023

13. SUBSEQUENT EVENTS (Continued)

The purchase agreement, including a form of convertible promissory note, is filed as an exhibit on Form 8-K. The description above is qualified in its entirety by reference to the full text of the purchase agreement.

The transaction is subject to a number of contingencies, including Sumner completing its planned capital raise and there having been no material adverse effect on our business, operations, assets, financial condition or prospects. Sumner has experienced delays in obtaining the requisite capital, and as a result the investment did not occur when expected. As of the date of this report, we cannot guarantee that the transaction will be completed, but based on assurances from Sumner, the investment is expected to close shortly.

The Company continued to have discussions with Sumner subsequent to the period ended June 30, 2024 but as of the filing date the investment has not closed.

Loan Agreements

On August 16, 2024, AJB loaned the Company $33,340 on similar terms to the September 18 loan described above. In connection with the August 16 loan, we issued one million shares of our common stock to AJB as a commitment fee.

On September 18, 2024, NovAccess Global Inc. (“we,” “NovAccess” or the “company”) entered into a securities purchase agreement (the “SPA”) with AJB Capital Investments, LLC (“AJB”) and issued a promissory note in the principal amount of $65,000 (the “note”) to AJB pursuant to the SPA. NovAccess will use the loan proceeds for the repayment of debt, operations, and to pay expenses related to filing this Quarterly Report on Form 10-Q.

The AJB note has an original issuance discount of 10% of the principal, bears interest at 12% a year, and is due on March 18, 2025. We must repay the note with the proceeds of an offering in connection with uplisting to a national securities exchange exceeding $5.0 million and may otherwise prepay the note at any time without penalty. Under the terms of the note, we may not sell a significant portion of our assets without the approval of AJB, may not issue additional debt that is not subordinate to AJB, must comply with the company’s reporting requirements under the Securities Exchange Act of 1934, and must maintain the listing of the company’s common stock on the OTC Market or other exchange, among other restrictions and requirements. Our failure to make required payments under the note or to comply with any of these covenants, among other matters, would constitute an event of default. Upon an event of default under the SPA or note, the note will bear interest at 18%, AJB may immediately accelerate the note due date, AJB may convert the amount outstanding under the note into shares of NovAccess common stock at a discount to the market price of the stock, and AJB will be entitled to its costs of collection, among other penalties and remedies. In addition, depending on the nature of the default, all amounts outstanding under the note will be multiplied by two as a default penalty.

In connection with the loan, we issued a seven-year prefunded stock purchase warrants to AJB to purchase a total of two million shares of our common stock for $0.0001 a share. We provided customary representations and covenants to AJB in the SPA. The company’s breach of any representation or failure to comply with the covenants would constitute an event of default. We also entered into a fourth amendment to the February 15, 2022 security agreement with AJB pursuant to which we granted to AJB a security interest in all of the company’s assets, including the equity of StemVax, LLC, securing the company’s obligations under the SPA and note. In addition, we entered into a registration rights agreement with AJB pursuant to which we agreed to file with the Securities and Exchange Commission a Form S-1 by December 17, 2024 to register for resale the shares issuable upon conversion of the note and exercise of the warrants.

On October 23, 2024, AJB increased the principal on the September 18, 2024 note by $11,111 to $76,111 and the Company received $10,000 net of original issuance discount.

Extension of Due Dates on Loans

On September 24, 2024, the related parties of Jason Anderson and the Holder of the July 22, 2023, Note, at the request of the Company agreed to an extension of the loans due date to October 31, 2024.

On August 16, 2024, the Holder of the August 2022 Note agreed to repayment plan requiring full repayment of principal and interest by February 27, 2024.

On October 16, 2024, the Holder of the February 2022 Note, May 2022 Note, February 2023 Letter Agreement, June 19, 2023 Letter Agreement, December 29, 2023 Letter Agreement, and the February 27, 2024 Note agreed to a further extension on their loans until October 31, 2024. On October 29, 2024 the Holder extended the term of the April 29, 2024, note until October 31, 2024.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary and Forward-Looking Statements

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the related notes included elsewhere in this Quarterly Report on Form 10-Q. In addition to historical consolidated financial information, the following discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results could differ materially from those anticipated by these forward-looking statements as a result of many factors, including those discussed in this Quarterly Report and under “Item 1A: Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2023.

We undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this report. Readers should carefully review the factors described in other documents that the Company files from time to time with the SEC.

Organization

NovAccess Global Inc. is a Colorado corporation that was formerly known as XsunX, Inc. and Sun River Mining Inc.

Business Plan

In 2020, we transitioned our operations from solar contracting operations to the commercialization of developmental healthcare solutions in the biotechnology, medical, and health and wellness markets. On June 2, 2020, we entered into a membership interest purchase agreement with Innovest Global, Inc. to acquire StemVax, LLC (“StemVax”) for 7.5 million shares of our unregistered common stock. The acquisition was completed on September 8, 2020.

StemVax is a biopharmaceutical company developing novel therapies for brain tumor patients that holds an exclusive patent license from Cedars-Sinai Medical Center in Los Angeles, California (Cedars-Sinai) known as StemVax Glioblast (SVX-GB/TLR-AD1). TLR-AD1 specifically targets glioblastoma, the most common and lethal type of adult brain tumor. Christopher Wheeler, President of StemVax, has been involved in the pre-clinical research and development of the drug candidate at Cedars-Sinai Department of Neurosurgery since 1997. Dr. Wheeler began preparing the pre-IND application to obtain U.S. Food and Drug Administration (“FDA”) approval to start human clinical trials. In 2021, Dr. Wheeler led pre-IND interactions with the FDA and obtained a recommended roadmap from the FDA to facilitate the filing of an IND application for a Phase I application or a Phase IIa application. We currently plan to submit an IND application in 2024 if funding is available. In August 2022, we filed an application with the FDA for orphan drug designation (“ODD”) for TLR-AD1, which was granted in October 2022. Receiving ODD status represents a milestone in the development of TLR-AD1 and provides us with multiple incentives, including seven-year marketing exclusivity and federal tax credits, among other benefits.

We believe that investing in the biotechnology industry will significantly increase value for our shareholders. However, we cannot guarantee that we will be successful in this endeavor or that we can obtain the funding necessary to commercialize StemVax Glioblast or locate, acquire and finance the acquisition of additional biotechnology companies.

Recent Events

On April 22, 2024, we procured a new intellectual property license from Cedars-Sinai Medical Center to further advance the Company’s immunotherapy platform. The license pertains to the use of Isocitrate Dehydrogenase-1 (IDH1), a protein previously known to impact cell metabolism, to predict responsiveness to vaccine immunotherapy in treating highly malignant brain tumors such as glioblastoma multiforme (GBM). IDH1 is commonly mutated in brain and other tumors, but research published by the president of StemVax shows that it surprisingly predicts antitumor responses after vaccine therapy through a unique molecular mechanism. Because of this, IDH1 expression discerns long from short survivors after vaccine therapy in patients with brain tumors such as GBM.

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Results of Operations for the three months ended June 30, 2024, compared to three months ended June 30, 2023

Revenue and Cost of Sales

The Company generated no revenue or cost of goods sold in the three months ended June 30, 2024, and 2023.

Selling, General and Administrative Expenses

Selling, general and administrative (SG&A) expenses decreased by $166,433 during the three months ended June 30, 2024, to $278,048 as compared to $444,481 for the three months ended June 30, 2023. The decrease in SG&A expenses during the three months ended June 30, 2024, was related primarily to lower expense on warrants issued in connection with loans which accounted for $173,424 of the reduction. All other selling general and administrative expenses netted to an increase of $6,991.

Research and development expenses

The research and development expense marginally decreased by $2,863 for the three months ended June 30, 2024, to $37,301 as compared to $40,164 for the three months ended June 30, 2023 as a result of lower expenses for consulting services.

Other Income/(Expenses)

Other expenses increased by $325,990 from other expense of $294,994 for the three months ended June 30, 2023, to other expense of $620,984 for the three months ended June 30, 2024. The change in derivative liability was a loss of $445,500 compared to a gain of $78,871 in the prior year’s three months. This increase in loss of $524,421 was partially offset by lower interest expense of $109,344 resulting from less discount amortization and a reduction in the expense for the commitment fee guarantee of $129,790 since there was little change in the stock price during the 2024 quarter. The estimates of fair market value are based on multiple inputs, including the market price of our stock, interest rates, our stock price, volatility, variable conversion prices based on market prices defined in the respective agreements and probabilities of certain outcomes based on managements’ estimates. These inputs are subject to significant changes from period to period, therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Net Income/(Loss)

For the three months ended June 30, 2024, our net loss increased by $156,694, to $936,333 as compared to a net loss of $779,639 for the three months ended June 30, 2023, as a result of the changes discussed above.

Results of Operations for the nine months ended June 30, 2024, compared to the nine months ended June 30, 2023

Revenue and Cost of Sales

The Company generated no revenue or cost of goods sold in the in the nine months ended June 30, 2024, and 2023.

Selling, General and Administrative Expenses

Selling, general and administrative (SG&A) expenses decreased by $1,258,410 during the nine months ended June 30, 2024, to $682,177 as compared to $1,940,587 for the nine months ended June 30, 2023. The decrease in SG&A expenses during the nine months ended June 30, 2024, was related primarily to a reduction in stock-based compensation of $563,314 for options granted in the prior year, a reduction in warrants issued for a value of $386,912 in the prior year period compared to $93,988 in the current period, a reduction in investor relations expenses of $250,872, and a reduction in the commitment fee expense for shares issued in connection with new loans of $68,750.

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Research and development Expenses

The research and development expense increased by $7,109 for the nine months ended June 30, 2024, to $123,273 as compared to $116,164 for the nine months ended June 30, 2023. $5,000 of the increase relates to a new license fee.

Other Income/(Expenses)

Other income increased by $1,508,646 from other expense of $900,530 for the nine months ended June 30, 2023, to other income of $680,116 for the nine months ended June 30, 2024. The change was primarily due to the Company recording an increase in gain on change in derivative liability of $1,326,206 and a reduction in interest expense of $493,728 due to lower debt amortization cost. These gains were partially offset by an increase in the commitment fee guarantee of $198,585. The estimates of fair market value are based on multiple inputs, including the market price of our stock, interest rates, our stock price, volatility, variable conversion prices based on market prices defined in the respective agreements and probabilities of certain outcomes based on managements’ estimates. These inputs are subject to significant changes from period to period, therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Net Income/(Loss)

For the nine months ended June 30, 2024, our net loss decreased by $2,876,188, to $125,334 as compared to a net loss of $3,001,522 for the nine months ended June 30, 2023 as a result of the changes discussed above.

Liquidity and Capital Resources

We had a working capital deficit at June 30, 2024, of $7,647,154 as compared to a working capital deficit of $7,798,484, as of September 30, 2023. The decrease of $151,330 in the working capital deficit was the result of a decrease in the derivative liability amounting to $1,080,647 offset by increases of $224,050 in accounts payable and $800,003 in accrued expenses and other liabilities.

For the nine months ended June 30, 2024, our cash flow used by operating activities was $159,975 as compared to cash flow used by operating activities of $469,786 for the nine months ended June 30, 2023. The decrease in cash flow used by operating activities was due to reduced payments as a result of the difficulties in obtaining funding.

Cash flow used by investing activities was $0 during the nine months ended June 30, 2024, and June 30, 2023.

Cash flow provided by financing activities was $139,354 for the nine months ended June 30, 2024, as compared to cash provided by financing activities of $467,000 for the nine months ended June 30, 2023. The decrease in cash flow provided by financing activities reflects the difficulty in raising funds due to the delays in the proposed Sumner financing.

The Company will need to raise additional funds to finance its ongoing operations, complete its IND application to the FDA and to make payments under its loan agreements. We expect this will require at least $3.0 million through December 31, 2025. We plan to raise this capital through the issuance of additional common stock as well as obtaining additional debt as needed. On December 29, 2023, we entered into a securities purchase agreement with Sumner Global LLC, an affiliate of Sumner Investment Group Inc. (“Sumner”), pursuant to which Sumner agreed to purchase 33.0 million newly issued shares of our unregistered common stock for $0.11 a share, or $3.63 million in total, and to loan us $7.05 million. The transaction is subject to a number of contingencies, including Sumner completing its planned capital raise and there having been no material adverse effect on our business, operations, assets, financial condition or prospects. As a result, we cannot guarantee that the transaction will be completed when we expect, or whether the transaction will close at all.

Off-Balance Sheet Arrangements

We do not have any relationships with unconsolidated entities or financial partnerships such as entities often referred to as structured finance or special purpose entities that would have been established for the purpose of facilitating off-balance-sheet arrangements or for other contractually narrow or limited purposes. As a result, we are not exposed to any financing, liquidity, market or credit risk that could arise if we had engaged in such relationships.

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Critical Accounting Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements. Significant estimates made in preparing these consolidated financial statements include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, the fair value of stock options, and derivative liabilities. Actual results could differ materially from those estimates.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Because NovAccess is a “smaller reporting company” as defined by the Securities and Exchange Commission, we are not required to provide additional market risk disclosure.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management team, with the participation of our chief executive officer and acting CFO, Dwain K. Irvin evaluated the effectiveness of the design and operation of NovAccess’ disclosure controls and procedures (as defined under the Securities Exchange Act) as of June 30, 2024. Based upon this evaluation, Dr. Irvin concluded that the Company’s disclosure controls and procedures were effective as of June 30, 2024.

Changes in Internal Control Over Financial Reporting

Our senior management team is responsible for establishing and maintaining adequate internal control over financial reporting, defined under the Exchange Act as a process designed by, or under the supervision of, our principal executive and principal financial officers, or persons performing similar functions, and effected by our board, senior management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with United States generally accepted accounting principles.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. We continue to review our internal control over financial reporting and may from time to time make changes aimed at enhancing their effectiveness and to ensure that our systems evolve with our business.

There was a change in our internal control over financial reporting identified in connection with the evaluation required by the Securities Exchange Act that occurred during our third fiscal quarter as we established enhanced review procedures to eliminate adjustments to our financial statements identified by our independent auditors.

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Part II — Other Information

Item 1. Legal Proceedings.

We are not involved in any legal proceedings.

Item 1A. Risk Factors.

Please refer to the risk factors listed under “Item 1A: Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2023, for information relating to certain risk factors applicable to NovAccess.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

For the three months ended June 30, 2024, we issued 208,752 unregistered shares of our common stock for accounting and investor relations services. 108,750 of these shares were issued to a related party. The issuances of shares to our service providers were exempt from registration under Section 4(a)(2) of the Securities Act.

Item 3. Defaults Upon Senior Securities.

Although we have negotiated extensions for the payment dates of many of our loans, during the quarter ended June 30, 2024, and subsequent to quarter-end, the Company failed to make payments when required and to otherwise comply with the covenants of several of the company’s debts. For example, we are filing this Quarterly Report after its due date, which is a breach under several of our loan agreements. Although we are pursuing financing that would allow us to pay our debts when due, we cannot guarantee that we will be able to obtain the necessary financing in a timely manner, or at all. For additional information concerning defaults under our loan agreements and extension of the due dates for our loans, please see Notes 5, Convertible Promissory Notes, and 13, Subsequent Events, of the notes to our consolidated financial statements included with this Quarterly Report.

Item 4. Mine Safety Disclosures.

We are not engaged in mining operations.

Item 5. Other Information.

We have disclosed on Form 8-K all reportable events that occurred in the quarter ended June 30, 2024.

Item 6. Exhibit and Financial Statement Schedules.

(a) Financial Statement Schedules (see Item 1 Financial Statements and Supplementary Data)

(b) Exhibits

Exhibit		Description
31.1		Certification Pursuant to Section 302 of the Sarbanes-Oxley Act — Dwain K. Irvin
31.2		Certification Pursuant to Section 302 of the Sarbanes-Oxley Act — Dwain K. Irvin
32.1		Certification Pursuant to Section 906 of the Sarbanes-Oxley Act
101		The following materials from the NovAccess Global Inc. Quarterly Report on Form 10-Q for the period ended June 30, 2024, formatted in iXBRL (Inline eXtensible Business Reporting Language):
		(i) the Condensed Consolidated Balance Sheets as of June 30, 2024 and September 30, 2023
		(ii) the Condensed Consolidated Statements of Operations for the Three and Nine months Ended June 30, 2024 and June 30, 2023,
		(iii) the Condensed Consolidated Statements of Shareholders’ Deficit for the Three and Nine months Ended June 30, 2024 and June 30, 2023,
		(iv) the Condensed Consolidated Statements of Cash Flows for the Three and Nine months Ended June 30, 2024 and June 30, 2023, and
		(v) Related Notes to the Condensed Consolidated Financial Statements
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, NovAccess has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NovAccess Global Inc.

Date: October 31, 2024	/s/ Dwain K. Irvin
	By Dwain K. Irvin, Chief Executive Officer
	(Principal Executive Officer)
	(Interim Principal Financial and Accounting Officer)

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Exhibit 31.1

OFFICER’S CERTIFICATE

PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Dwain Irvin, certify that:

1. I have reviewed this quarterly report on Form 10-Q of NovAccess Global Inc. for the period ending June 30, 2024;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer (s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 31, 2024

/s/ Dwain Irvin, PhD, MPH

Name: Dwain Irvin

Title: Chief Executive Officer

Exhibit 31.2

OFFICER’S CERTIFICATE

PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Dwain.Irvin, certify that:

1. I have reviewed this quarterly report on Form 10-Q of NovAccess Global Inc. for the period ending June 30, 2024;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 31, 2024

/s/ Dwain K. Irvin

Name: Dwain K. Irvin

Title: Interim Chief Financial Officer

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing of the Quarterly Report of NovAccess Global Inc. (the “Company”) on Form 10-Q for the period ending June 30, 2024 (the “Report”) with the Securities and Exchange Commission, I, Dwain Morris-Irvin, Chief Executive Officer and Interim Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and the information contained in the Report fairly presents, in all material respects, the financial condition and the results of operations of the Company for such period.

Date: October 31, 2024

/s/ Dwain Irvin, PhD, MPH

Name: Dwain Irvin

Title: Chief Executive Officer and

Interim Chief Financial Officer

Cover - shares	9 Months Ended
Cover - shares	Jun. 30, 2024	Oct. 29, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Information [Line Items]
Entity Registrant Name	NovAccess Global Inc.
Entity Central Index Key	0001039466
Entity File Number	000-29621
Entity Tax Identification Number	84-1384159
Entity Incorporation, State or Country Code	CO
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	8584 E. Washington Street #127
Entity Address, City or Town	Chagrin Falls
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44023
Entity Phone Fax Numbers [Line Items]
City Area Code	213
Local Phone Number	642-9268
Entity Listings [Line Items]
Title of 12(b) Security	None
No Trading Symbol Flag	true
Entity Common Stock, Shares Outstanding		61,906,932

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Sep. 30, 2023
CURRENT ASSETS
Cash	$ 794	$ 21,415
Prepaid expenses	50,833	40,833
Total Current Assets	51,627	62,248
Investment	221,932	0
TOTAL ASSETS	273,559	62,248
CURRENT LIABILITIES
Accounts payable	738,756	514,686
Accrued expenses and other current liabilities	2,782,570	1,982,567
Derivative and warrants liabilities	1,901,735	2,982,382
Due to related parties	181,217	181,217
Short term loans, related parties	34,000	21,000
Convertible promissory notes, net of debt discount and debt issuance costs of $134,126 and $0 respectively	2,039,003	2,166,380
Convertible promissory note related party, net of debt discount and debt issuance cost of $0 and $0, respectively	21,500	12,500
Total Current Liabilities	7,698,781	7,860,732
TOTAL LIABILITIES	7,698,781	7,860,732
SHAREHOLDERS' DEFICIT
Preferred Stock Series B, $0.01 par value, 25,000 authorized 25,000 and 25,000 shares issued and outstanding, respectively	6	6
Common stock, no par value; 2,000,000,000 authorized common shares 61,906,932 and 21,744,209 shares issued and outstanding, respectively	44,083,357	43,683,197
Additional paid in capital	5,339,846	5,335,398
Paid in capital, common stock option and warrants	5,432,261	5,338,273
Paid in capital, preferred stock	4,747,108	4,747,108
Accumulated deficit	(67,027,800)	(66,902,466)
TOTAL SHAREHOLDERS' DEFICIT	(7,425,222)	(7,798,484)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 273,559	$ 62,248

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Jun. 30, 2024	Sep. 30, 2023
Convertible promissory notes, debt discount and debt issuance costs (in Dollars)	$ 134,126	$ 0
Convertible promissory note related party, debt discount and debt issuance cost (in Dollars)	$ 0	$ 0
Preferred stock, par (in Dollars per share)	$ 0.01
Preferred stock, shares authorized	50,000,000
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	61,906,932	21,744,209
Common stock, shares outstanding	61,906,932	21,744,209
Common stock, no par value (in Dollars per share)	$ 0	$ 0
Series B Preferred Stock [Member]
Preferred stock, shares issued	600	600
Preferred stock, par (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000	25,000
Preferred Stock, shares outstanding	600	600

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
SALES	$ 0	$ 0	$ 0	$ 0
COST OF GOODS SOLD	0	0	0	0
GROSS PROFIT	0	0	0	0
OPERATING EXPENSES
Research and development expenses	37,301	40,164	123,273	116,164
Selling, general and administrative expenses	278,048	444,481	682,177	1,940,587
TOTAL OPERATING EXPENSES	315,349	484,645	805,450	2,056,751
LOSS FROM OPERATIONS BEFORE OTHER INCOME/(EXPENSES)	(315,349)	(484,645)	(805,450)	(2,056,751)
OTHER INCOME/(EXPENSES)
Miscellaneous Income	15,379	56,082	15,379	56,082
Gain (Loss) on change in derivative liability	(445,550)	78,871	1,288,086	(38,120)
Change in commitment fee guarantee	(5,085)	(134,875)	(259,335)	(60,750)
Interest expense	(185,728)	(295,072)	(364,014)	(857,742)
TOTAL OTHER INCOME/(EXPENSES)	(620,984)	(294,994)	680,116	(900,530)
NET INCOME (LOSS)	(936,333)	(779,639)	(125,334)	(2,957,281)
Deemed dividend on warrant re-pricing	0	0	0	(44,241)
Net income (loss) attributable to common shareholders	$ (936,333)	$ (779,639)	$ (125,334)	$ (3,001,522)
BASIC INCOME (LOSS) PER SHARE (in Dollars per share)	$ (0.02)	$ (0.04)	$ 0	$ (0.15)
DILUTED INCOME (LOSS) PER SHARE (in Dollars per share)	$ (0.02)	$ (0.04)	$ 0	$ (0.15)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
BASIC (in Shares)	54,121,935	21,209,938	35,225,010	20,290,280
DILUTED (in Shares)	54,121,935	21,209,938	35,225,010	20,290,280

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock [Member] Series B Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid in Capital Stock Options / Warrants [Member]	Additional Paid in Capital Preferred Stock [Member]	Retained Earnings [Member]	Total
Balance at Sep. 30, 2022	$ 6	$ 43,225,982	$ 5,340,398	$ 4,210,960	$ 4,747,108	$ (62,177,520)	$ (4,653,066)
Balance (in Shares) at Sep. 30, 2022	600	18,669,507
Common stock issued for services		$ 282,665					282,665
Common stock issued for services (in Shares)		1,699,273
Common stock issued, subscriptions		$ 55,000	(5,000)				50,000
Common stock issued, subscriptions (in Shares)		525,000
Common stock issued for commitment fees		$ 82,500					$ 82,500
Common stock issued for commitment fees (in Shares)		500,000					500,000
Common stock issued on repayment of loan		$ 12,000					$ 12,000
Common stock issued on repayment of loan (in Shares)		141,677					141,677
Stock compensation - options				563,314			$ 563,314
Warrant expense				386,912			386,912
Net Loss						(2,957,281)	(2,957,281)
Balance at Jun. 30, 2023	$ 6	$ 43,658,147	5,335,398	5,161,186	4,747,108	(65,134,801)	(6,232,956)
Balance (in Shares) at Jun. 30, 2023	600	21,535,457
Balance at Mar. 31, 2023	$ 6	$ 43,623,184	5,335,398	4,922,774	4,747,108	(64,355,162)	(5,726,692)
Balance (in Shares) at Mar. 31, 2023	600	21,185,028
Common stock issued for services		$ 22,963					22,963
Common stock issued for services (in Shares)		208,752
Common stock issued on repayment of loan		$ 12,000					12,000
Common stock issued on repayment of loan (in Shares)		141,677
Warrant expense				238,412			238,412
Net Loss						(779,639)	(779,639)
Balance at Jun. 30, 2023	$ 6	$ 43,658,147	5,335,398	5,161,186	4,747,108	(65,134,801)	(6,232,956)
Balance (in Shares) at Jun. 30, 2023	600	21,535,457
Balance at Sep. 30, 2023	$ 6	$ 43,683,197	5,335,398	5,338,273	4,747,108	(66,902,466)	(7,798,484)
Balance (in Shares) at Sep. 30, 2023	600	21,744,209
Common stock issued for services		$ 7,871					$ 7,871
Common stock issued for services (in Shares)		626,256					626,256
Common stock issued for commitment fees		$ 13,750					$ 13,750
Common stock issued for commitment fees (in Shares)		2,500,000
Common stock issued for investment		$ 221,932					221,932
Common stock issued for investment (in Shares)		14,795,455
Imputed interest on related party loans			4,448				4,448
Common stock issued on repayment of loan		$ 156,607					156,607
Common stock issued on repayment of loan (in Shares)		22,241,012
Warrant expense				93,988			93,988
Net Loss						(125,334)	(125,334)
Balance at Jun. 30, 2024	$ 6	$ 44,083,357	5,339,846	5,432,261	4,747,108	(67,027,800)	(7,425,222)
Balance (in Shares) at Jun. 30, 2024	600	61,906,932
Balance at Mar. 31, 2024	$ 6	$ 43,784,278	5,338,906	5,367,273	4,747,108	(66,091,467)	(6,853,896)
Balance (in Shares) at Mar. 31, 2024	600	30,512,014
Common stock issued for services		$ 1,712					1,712
Common stock issued for services (in Shares)		208,752
Common stock issued for commitment fees		$ 13,750					13,750
Common stock issued for commitment fees (in Shares)		2,500,000
Common stock issued for investment		$ 221,932					221,932
Common stock issued for investment (in Shares)		14,795,455
Imputed interest on related party loans			940				940
Common stock issued on repayment of loan		$ 61,685					61,685
Common stock issued on repayment of loan (in Shares)		13,890,711
Warrant expense				64,988			64,988
Net Loss						(936,333)	(936,333)
Balance at Jun. 30, 2024	$ 6	$ 44,083,357	$ 5,339,846	$ 5,432,261	$ 4,747,108	$ (67,027,800)	$ (7,425,222)
Balance (in Shares) at Jun. 30, 2024	600	61,906,932

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (125,334)	$ (2,957,281)
Adjustment to reconcile net income/(loss) to net cash used in operating activities
Amortization of debt discount and debt issuance costs recorded as interest expense	114,844	638,481
Loss (Gain) on change in derivative liability	(1,288,086)	38,120
Warrants expense	93,988	386,912
Imputed interest on related party loan	4,448	0
Fair value of shares issued for services	7,871	282,665
Stock based compensation	0	563,314
Fair value of commitment shares issued for loans	13,750	82,500
Changes in Assets and Liabilities:
Other receivable	0	(65,979)
Prepaid expenses	(10,000)	11,067
Accounts payable	228,541	144,663
Accrued expenses and interest on notes payable	800,003	405,752
NET CASH USED IN OPERATING ACTIVITIES	(159,975)	(469,786)
CASH FLOWS FROM FINANCING ACTIVITIES:
Stock subscriptions received	0	50,000
Proceeds from short term loans related parties	13,000	0
Proceeds from convertible notes payable	230,514	599,250
Proceeds from convertible notes payable to related parties	9,000	0
Payments to related party for redemption of preferred stock	0	(5,000)
Principal payments on convertible debt	(113,160)	(177,250)
NET CASH PROVIDED BY FINANCING ACTIVITIES	139,354	467,000
NET CASH USED BY INVESTING ACTIVITIES	0	0
NET DECREASE IN CASH	(20,621)	(2,786)
CASH, BEGINNING OF PERIOD	21,415	64,251
CASH, END OF PERIOD	794	61,464
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	15,505	192,878
Taxes paid	0	0
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Common stock issued on conversion of convertible note	156,607	12,000
Initial derivative recognition on new loans and warrants	207,439	588,147
Common stock issued to purchase long-term equity investment	221,932	0
Common stock issued as commitment fee on promissory note	$ 13,750	$ 82,500

ORGANIZATION AND LINE OF BUSINESS

9 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. ORGANIZATION AND LINE OF BUSINESS

Organization

Line of Business

Going Concern

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents include cash in banks and money markets with an original maturity of three months or less.

Stock-Based Compensation

Net Earnings (Loss) per Share Calculations

	For the Three Months Ended						For the Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023

Loss to common shareholders (Numerator)	$	(936,333	)	$	(779,639	)	$	(125,334	)	$	(3,001,522	)

Basic weighted average number of common shares outstanding (Denominator)		54,121,935			21,209,938			35,225,010			20,290,280

Diluted weighted average number of common shares outstanding		54,121,935			21,209,938			35,225,010			20,290,280

Fair Value of Financial Instruments

●

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

●

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-		728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of June 30, 2024	$	1,766,561		-		-	$	1,766,561
Derivative Liability warrants at fair value as of June 30, 2024		135,174		-		-		135,174
Total Derivative Liability as of June 30, 2024	$	1,901,735		-		-	$	1,901,735

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		565,030			163,629			728,659
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loans		142,774			64,665			207,439
Net gain on change in fair value of derivative liability		(629,604	)		(658,482	)		(1,288,086	)
Ending balance as of June 30, 2024	$	1,766,561		$	135,174		$	1,901,735

Recent Accounting Pronouncements

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted would have a material effect on the accompanying financial statements.

INVESTMENT

9 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

3. INVESTMENT

CAPITAL STOCK

9 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Equity [Text Block]

4. CAPITAL STOCK

As of June 30, 2024, the Company’s authorized stock consisted of 2,000,000,000 shares of common stock, with no par value.

Preferred Stock

As of June 30, 2024, the Company had 600 shares of issued and outstanding Series B Preferred held by Irvin Consulting LLC, a company owned by Dwain Irvin, the CEO of the Company.

Common Stock

During the nine months ended June 30, 2024, the Company issued 40,162,723 shares of common stock.

The Company issued 2,500,000 shares as commitment fees in connection with the letter agreement issued on April 29, 2024. These shares were recorded at fair value as of the date of issuance.

The Company issued 14,795,455 shares to purchase 362,956 shares of Fendix Media Limited, a United Kingdom private limited company.

CONVERTIBLE PROMISSORY NOTES

9 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

5. CONVERTIBLE PROMISSORY NOTES

Convertible Promissory notes as on June 30, 2024	Principal Amount		Unamortized balance of Debt Discount and Issuance Costs			Outstanding balance as on June 30, 2024		Derivative balance as on June 30, 2024

2013 Note	$	12,000	$	-		$	12,000	$	-
2014 Note		50,880		-			50,880		223,422
2017 Note		115,000		-			115,000		472,304
February 2022 Note		250,000		-			250,000		128,004
May 2022 Note		1,000,000		-			1,000,000		545,407
August 2022 Note		100,000		-			100,000		-
February 2023 Note		265,000		-			265,000		134,373
June 19, 2023 Note		75,000		-			75,000		38,540
August 16, 2023 Note		33,205		-			33,205		27,532
December 29, 2023 Note		29,444		-			29,444		13,680
February 27, 2024 Note		100,000		(30,865	)		69,135		37,136
April 29, 2024 Note		25,600		(16,783	)		8,817		24,153
May 13, 2024 Note		117,000		(86,478	)		30,522		122,010
Total		2,173,129		(134,126	)		2,039,003		1,766,561

2013 Note

2014 Note

2017 Note

August 2021 Note

February 2022 Note

The Holder has agreed to a number of extensions on the loan and on October 16, 2024, agreed to an extension until October 31, 2024.

May 2022 Note

The Holder has agreed to a number of extensions on the loan and on October 16, 2024, agreed to an extension until October 31, 2024.

August 2022 Note

September 2022 Note

November 2022 Note

December 2022 Note

February 2023 Letter Agreement

April 11, 2023 Note

April 24, 2023 Note

June 19, 2023 Letter Agreement

June 20, 2023 Note

August 16, 2023 Note

August 17, 2023 Note

December 29, 2023 Letter Agreement

February 27, 2024 Note

April 29, 2024 Note

May 13, 2024 Note

Evaluation of Financing Transactions

We record the full value of the derivative as a liability at issuance with an offset to valuation discount, which will be amortized over the life of the notes.

Risk free interest rate		Between 5.1% and 5.5%
Stock volatility factor		Between 94% and 229%
Years to Maturity		Between 1.6 months and 12 months
Expected dividend yield		None

CONVERTIBLE PROMISSORY NOTES, RELATED PARTY

9 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Long-Term Debt [Text Block]

6. CONVERTIBLE PROMISSORY NOTES, RELATED PARTY

July 2022 Note, related party

May 2024 Note, related party

SHORT TERM LOANS, RELATED PARTIES

9 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Short-Term Debt [Text Block]

7. SHORT TERM LOANS, RELATED PARTIES

Mr. Anderson has agreed to various extensions on these loans, the most recent being on September 24, 2024, extending the due date until October 31, 2024.

For the nine months ended June 30, 2024, imputed interest of $4,448 on these related party loans was charged to interest expense and credited to additional paid-in capital.

WARRANTS

9 Months Ended

Jun. 30, 2024

Disclosure Text Block Supplement [Abstract]

Shareholders' Equity and Share-Based Payments [Text Block]

8. WARRANTS

Common stock price		$0.165
Risk free interest rate		Between 3.8% and 3.7%
Stock volatility factor		Between 156% and 159%
Years to Maturity		Between 3.2 and 4.1 years
Expected dividend yield		None

	5 Year	7 Year
Common stock price	$0.02	$0.02
Risk free interest rate	Between 3.8% and 4.0%	Between 3.8% and 3.9%
Stock volatility factor	Between 147% and 158%	Between 143% and 152%
Years to Maturity	Between 2.6 and 4.6 years	Between 4.6 and 6.6 years
Expected dividend yield	None	None

Common stock price		$0.0065
Risk free interest rate		4.3%
Stock volatility factor		157%
Years to Maturity		5 years
Expected dividend yield		None

On June 30, 2024, the fair value of the derivative liability of the warrants was $135,174 and $728,991 as of September 30, 2023.

Risk free interest rate		Between 4.3% and 4.4%
Stock volatility factor		Between 149% and 163%
Years to Maturity		Between 4.2 and 6.1 years
Expected dividend yield		None

OPTIONS

9 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement [Text Block]

9. OPTIONS

Risk Free Interest Rate		0.32%
Stock Volatility Factor		146.0%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

Risk Free Interest Rate		3.68%
Stock Volatility Factor		146.79%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

A summary of the Company’s options activity and related information follows for the quarter ended June 30, 2024:

	June 30, 2024
			Weighted
	Number		average
	Of		exercise
	Options		price
Outstanding - beginning of period		5,542,857	$	0.115
Granted		-	$	-
Exercised		-	$	-
Forfeited		-	$	-
Outstanding - end of period		5,542,857	$	0.115

At June 30, 2024, the weighted average remaining contractual life of options outstanding:

		June 30, 2024
						Weighted
						Average
						Remaining
Exercisable		Options		Options		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	.01		2,000,000		2,000,000		6.25
$	0.175		3,542,857		3,542,857		8.70

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

10. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and accrued other current liabilities consisted of the following as of June 30, 2024, and September 30, 2023:

	June 30, 2024		September 30, 2023
Accrued liabilities		33,797		11,154
Interest payable		486,066		289,101
Provision for guaranteed commitment fees (1)		1,301,835		1,042,500
Accrued payroll		150,712		3,875
Deferred compensation		717,512		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		52,246		23,772
	$	2,782,570	$	1,982,567

DUE TO RELATED PARTIES

9 Months Ended

Jun. 30, 2024

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities [Table Text Block]

11. DUE TO RELATED PARTIES

Due to Innovest Global

Due to TN3 LLC

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

12. COMMITMENTS AND CONTINGENCIES

SUBSEQUENT EVENTS

9 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events [Text Block]

13. SUBSEQUENT EVENTS

Sumner Global Investment

The Company continued to have discussions with Sumner subsequent to the period ended June 30, 2024 but as of the filing date the investment has not closed.

Loan Agreements

On October 23, 2024, AJB increased the principal on the September 18, 2024 note by $11,111 to $76,111 and the Company received $10,000 net of original issuance discount.

Extension of Due Dates on Loans

On September 24, 2024, the related parties of Jason Anderson and the Holder of the July 22, 2023, Note, at the request of the Company agreed to an extension of the loans due date to October 31, 2024.

On August 16, 2024, the Holder of the August 2022 Note agreed to repayment plan requiring full repayment of principal and interest by February 27, 2024.

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (936,333)	$ (779,639)	$ (125,334)	$ (2,957,281)

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy (Policies)

9 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents include cash in banks and money markets with an original maturity of three months or less.

Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

Earnings Per Share, Policy [Policy Text Block]

Net Earnings (Loss) per Share Calculations

	For the Three Months Ended						For the Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023

Loss to common shareholders (Numerator)	$	(936,333	)	$	(779,639	)	$	(125,334	)	$	(3,001,522	)

Basic weighted average number of common shares outstanding (Denominator)		54,121,935			21,209,938			35,225,010			20,290,280

Diluted weighted average number of common shares outstanding		54,121,935			21,209,938			35,225,010			20,290,280

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

●

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

●

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-		728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of June 30, 2024	$	1,766,561		-		-	$	1,766,561
Derivative Liability warrants at fair value as of June 30, 2024		135,174		-		-		135,174
Total Derivative Liability as of June 30, 2024	$	1,901,735		-		-	$	1,901,735

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		565,030			163,629			728,659
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loans		142,774			64,665			207,439
Net gain on change in fair value of derivative liability		(629,604	)		(658,482	)		(1,288,086	)
Ending balance as of June 30, 2024	$	1,766,561		$	135,174		$	1,901,735

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted would have a material effect on the accompanying financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the Three Months Ended						For the Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023

Loss to common shareholders (Numerator)	$	(936,333	)	$	(779,639	)	$	(125,334	)	$	(3,001,522	)

Basic weighted average number of common shares outstanding (Denominator)		54,121,935			21,209,938			35,225,010			20,290,280

Diluted weighted average number of common shares outstanding		54,121,935			21,209,938			35,225,010			20,290,280

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The Company had liabilities that are required to be measured at fair value on a recurring basis as follows at June 30, 2024, and September 30, 2023:

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-		728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of June 30, 2024	$	1,766,561		-		-	$	1,766,561
Derivative Liability warrants at fair value as of June 30, 2024		135,174		-		-		135,174
Total Derivative Liability as of June 30, 2024	$	1,901,735		-		-	$	1,901,735

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		565,030			163,629			728,659
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loans		142,774			64,665			207,439
Net gain on change in fair value of derivative liability		(629,604	)		(658,482	)		(1,288,086	)
Ending balance as of June 30, 2024	$	1,766,561		$	135,174		$	1,901,735

CONVERTIBLE PROMISSORY NOTES (Tables)

9 Months Ended

Jun. 30, 2024

CONVERTIBLE PROMISSORY NOTES (Tables) [Line Items]

Schedule of Debt [Table Text Block]

Convertible Promissory notes as on June 30, 2024	Principal Amount		Unamortized balance of Debt Discount and Issuance Costs			Outstanding balance as on June 30, 2024		Derivative balance as on June 30, 2024

2013 Note	$	12,000	$	-		$	12,000	$	-
2014 Note		50,880		-			50,880		223,422
2017 Note		115,000		-			115,000		472,304
February 2022 Note		250,000		-			250,000		128,004
May 2022 Note		1,000,000		-			1,000,000		545,407
August 2022 Note		100,000		-			100,000		-
February 2023 Note		265,000		-			265,000		134,373
June 19, 2023 Note		75,000		-			75,000		38,540
August 16, 2023 Note		33,205		-			33,205		27,532
December 29, 2023 Note		29,444		-			29,444		13,680
February 27, 2024 Note		100,000		(30,865	)		69,135		37,136
April 29, 2024 Note		25,600		(16,783	)		8,817		24,153
May 13, 2024 Note		117,000		(86,478	)		30,522		122,010
Total		2,173,129		(134,126	)		2,039,003		1,766,561

Convertible Debt [Member]

CONVERTIBLE PROMISSORY NOTES (Tables) [Line Items]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Risk free interest rate		Between 5.1% and 5.5%
Stock volatility factor		Between 94% and 229%
Years to Maturity		Between 1.6 months and 12 months
Expected dividend yield		None

WARRANTS (Tables)

9 Months Ended

Jun. 30, 2024

Warrant [Member]

WARRANTS (Tables) [Line Items]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The difference between the fair value of the warrants immediately prior to modification of terms and immediately after the adjustment was calculated as $44,241, using a Black Scholes model based on the following significant inputs: On February 9, 2023

Common stock price		$0.165
Risk free interest rate		Between 3.8% and 3.7%
Stock volatility factor		Between 156% and 159%
Years to Maturity		Between 3.2 and 4.1 years
Expected dividend yield		None

	5 Year	7 Year
Common stock price	$0.02	$0.02
Risk free interest rate	Between 3.8% and 4.0%	Between 3.8% and 3.9%
Stock volatility factor	Between 147% and 158%	Between 143% and 152%
Years to Maturity	Between 2.6 and 4.6 years	Between 4.6 and 6.6 years
Expected dividend yield	None	None

The fair value of this warrant was recorded as warrant expense of $64,665, based on a Black Scholes model based on the following significant inputs:

Common stock price		$0.0065
Risk free interest rate		4.3%
Stock volatility factor		157%
Years to Maturity		5 years
Expected dividend yield		None

Risk free interest rate		Between 4.3% and 4.4%
Stock volatility factor		Between 149% and 163%
Years to Maturity		Between 4.2 and 6.1 years
Expected dividend yield		None

OPTIONS (Tables)

9 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Risk Free Interest Rate		0.32%
Stock Volatility Factor		146.0%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

Risk Free Interest Rate		3.68%
Stock Volatility Factor		146.79%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

A summary of the Company’s options activity and related information follows for the quarter ended June 30, 2024:

	June 30, 2024
			Weighted
	Number		average
	Of		exercise
	Options		price
Outstanding - beginning of period		5,542,857	$	0.115
Granted		-	$	-
Exercised		-	$	-
Forfeited		-	$	-
Outstanding - end of period		5,542,857	$	0.115

Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

At June 30, 2024, the weighted average remaining contractual life of options outstanding:

		June 30, 2024
						Weighted
						Average
						Remaining
Exercisable		Options		Options		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	.01		2,000,000		2,000,000		6.25
$	0.175		3,542,857		3,542,857		8.70

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

9 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Accrued expenses and accrued other current liabilities consisted of the following as of June 30, 2024, and September 30, 2023:

	June 30, 2024		September 30, 2023
Accrued liabilities		33,797		11,154
Interest payable		486,066		289,101
Provision for guaranteed commitment fees (1)		1,301,835		1,042,500
Accrued payroll		150,712		3,875
Deferred compensation		717,512		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		52,246		23,772
	$	2,782,570	$	1,982,567

ORGANIZATION AND LINE OF BUSINESS (Details)	Aug. 25, 2020
Accounting Policies [Abstract]
Stockholders' Equity, Reverse Stock Split	1-for-1,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Earnings Per Share Basic And Diluted Abstract
Loss to common shareholders (Numerator) (in Dollars)	$ (936,333)	$ (779,639)	$ (125,334)	$ (3,001,522)
Basic weighted average number of common shares outstanding (Denominator)	54,121,935	21,209,938	35,225,010	20,290,280
Diluted weighted average number of common shares outstanding	54,121,935	21,209,938	35,225,010	20,290,280

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($)	Jun. 30, 2024	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	$ 0
Derivative Liability at fair value	1,766,561	$ 2,253,391
Derivative Liability warrants at fair value	135,174	728,991
Total Derivative Liability	1,901,735	2,982,382
Fair Value, Inputs, Level 1 [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	0
Derivative Liability at fair value	0	0
Derivative Liability warrants at fair value	0	0
Total Derivative Liability	0	0
Fair Value, Inputs, Level 2 [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	0
Derivative Liability at fair value	0	0
Derivative Liability warrants at fair value	0	0
Total Derivative Liability	0	0
Fair Value, Inputs, Level 3 [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	0
Derivative Liability at fair value	1,766,561	2,253,391
Derivative Liability warrants at fair value	135,174	728,991
Total Derivative Liability	$ 1,901,735	$ 2,982,382

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	$ 2,982,382	$ 1,440,012
Initial derivative liabilities	207,439	813,711
Net gain/loss on change in fair value of derivative liability	(1,288,086)	728,659
Balance	1,901,735	2,982,382
Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	2,253,391	1,207,403
Initial derivative liabilities	142,774	480,958
Net gain/loss on change in fair value of derivative liability	(629,604)	565,030
Balance	1,766,561	2,253,391
Embedded Derivative Financial Instruments [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	728,991	232,609
Initial derivative liabilities	64,665	332,753
Net gain/loss on change in fair value of derivative liability	(658,482)	163,629
Balance	$ 135,174	$ 728,991

INVESTMENT (Details)	May 17, 2024 £ / shares shares	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
INVESTMENT (Details) [Line Items]
Equity Method Investments (in Dollars) \| $		$ 221,932	$ 0
Dawn Digital Limited [Member]
INVESTMENT (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	14,795,455
Dawn Digital Limited [Member]
INVESTMENT (Details) [Line Items]
Investment Owned, Balance, Shares	362,956
Fendix Media Limited [Member]
INVESTMENT (Details) [Line Items]
Common Stock, Par or Stated Value Per Share (in Pounds per share) \| £ / shares	£ 0.001
Equity Method Investment, Ownership Percentage	18.60%

CAPITAL STOCK (Details) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
CAPITAL STOCK (Details) - USD ($)	Sep. 04, 2020	Apr. 29, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
CAPITAL STOCK (Details) [Line Items]
Common Stock, Shares Authorized			2,000,000,000		2,000,000,000		2,000,000,000
Preferred Stock, Shares Authorized			50,000,000		50,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)			$ 0.01		$ 0.01
Stock Issued During Period, Shares, Period Increase (Decrease)					40,162,723	2,865,950
Debt Conversion, Converted Instrument, Shares Issued					22,241,012
Debt Conversion, Original Debt, Amount (in Dollars)					$ 156,607	$ 12,000
Stock Issued During Period, Shares, Issued for Services					626,256
Stock Issued During Period, Value, Issued for Services (in Dollars)			$ 1,712	$ 22,963	$ 7,871	$ 282,665
Stock Issued During Period, Shares, New Issues		2,500,000
Common Stock, Shares, Issued			61,906,932		61,906,932		21,744,209
Stock Issued During Period, Shares, Conversion of Convertible Securities						141,677
Stock Issued During Period, Shares, Other						500,000
April 11, 2023 Note [Member]
CAPITAL STOCK (Details) [Line Items]
Debt Conversion, Converted Instrument, Shares Issued					6,953,792
Debt Conversion, Original Debt, Amount (in Dollars)					$ 79,250
June 20, 2023 Note [Member]
CAPITAL STOCK (Details) [Line Items]
Debt Conversion, Original Debt, Amount (in Dollars)					29,710
Interest Expense [Member] \| April 11, 2023 Note [Member]
CAPITAL STOCK (Details) [Line Items]
Debt Conversion, Original Debt, Amount (in Dollars)					4,472
Interest Expense [Member] \| August 16, 2023 Note [Member]
CAPITAL STOCK (Details) [Line Items]
Debt Conversion, Original Debt, Amount (in Dollars)					21,380
Interest Expense [Member] \| August 17, 2023 Note [Member]
CAPITAL STOCK (Details) [Line Items]
Debt Conversion, Original Debt, Amount (in Dollars)					$ 21,795
Fendix Media Limited [Member]
CAPITAL STOCK (Details) [Line Items]
Common Stock, Shares, Issued			14,795,455		14,795,455
Stock Repurchased During Period, Shares					362,956
Stock Subscriptions [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Other						525,000
Related Party [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services					326,250	326,250
Stock Issued During Period, Value, Issued for Services (in Dollars)					$ 4,108
Vendors [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services						1,699,273
Series B Preferred Stock [Member]
CAPITAL STOCK (Details) [Line Items]
Preferred Stock, Shares Authorized			25,000		25,000		25,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)			$ 0.01		$ 0.01		$ 0.01
Preferred Stock, Shares Outstanding			600		600		600
Preferred Stock, Voting Rights	Each share of outstanding Series B Preferred Stock entitles the holder to cast 40,000 votes.
Preferred Stock, Conversion Basis	Each share of Series B Preferred Stock is convertible at the option of the holder into 10,000 common shares

CONVERTIBLE PROMISSORY NOTES (Details) - USD ($)																														2 Months Ended	3 Months Ended	9 Months Ended		19 Months Ended
CONVERTIBLE PROMISSORY NOTES (Details) - USD ($)	May 13, 2024	Apr. 29, 2024	Feb. 27, 2024	Feb. 08, 2024	Jan. 31, 2024	Dec. 29, 2023	Aug. 17, 2023	Aug. 16, 2023	Aug. 09, 2023	Aug. 09, 2023	Jun. 20, 2023	Jun. 19, 2023	Jun. 13, 2023	Apr. 24, 2023	Apr. 11, 2023	Mar. 12, 2023	Feb. 09, 2023	Dec. 07, 2022	Nov. 01, 2022	Sep. 22, 2022	Aug. 08, 2022	Jul. 28, 2022	May 10, 2022	May 05, 2022	Feb. 16, 2022	Feb. 15, 2022	Aug. 20, 2021	May 10, 2017	Nov. 20, 2014	Sep. 18, 2017	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2016	Sep. 30, 2023	Feb. 03, 2023	Oct. 01, 2013
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																															$ 2,173,129	$ 2,173,129
Convertible Debt																															2,039,003	2,039,003
Interest Payable																															486,066	486,066			$ 289,101
Proceeds from Convertible Debt																																230,514	$ 599,250
Class of Warrant or Rights, Granted (in Shares)									2,000,000			750,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)									$ 0.2	$ 0.2		$ 0.0001
Stock Issued During Period, Shares, Other (in Shares)																																	500,000
Debt Instrument, Maturity Date																						Oct. 31, 2022
Debt Instrument, Unamortized Discount																															134,126	134,126
Stock Issued During Period, Value, Other																															13,750	13,750	$ 82,500
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net																															134,126	134,126			$ 0
Debt Conversion, Original Debt, Amount																																$ 156,607	12,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)																																22,241,012
Interest Paid, Excluding Capitalized Interest, Operating Activities																																$ 15,505	$ 192,878
2013 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																															12,000	12,000					$ 12,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																																					$ 4.5
Debt Instrument, Fee Amount																																					$ 1,200
Convertible Debt																															12,000	12,000
Interest Payable																															1,200	1,200
Debt Instrument, Unamortized Discount																															0	0
2014 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																													$ 400,000		50,880	50,880
Convertible Debt																															50,880	50,880
Interest Payable																															40,523	40,523
Debt Instrument, Interest Rate, Stated Percentage																													10.00%
Debt Instrument, Term																													18 months
Debt Instrument, Convertible, Terms of Conversion Feature																													The 2014 Note may be converted by the lender into shares of common stock of the Company at the lesser of $12.50 per share or (b) fifty percent (50%) of the lowest traded prices following issuance of the 2014 Note or (c) the lowest effective price per share granted to any person or entity
Proceeds from Convertible Debt																																		$ 350,000
Debt Instrument, Unamortized Discount																															0	0
Convertible Note Payable Two [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Proceeds from Convertible Debt																													$ 50,000
2017 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																												$ 150,000			115,000	115,000
Convertible Debt																															115,000	115,000
Interest Payable																															78,219	78,219
Debt Instrument, Interest Rate, Stated Percentage																												10.00%
Debt Instrument, Convertible, Terms of Conversion Feature																														The 2017 Note may be converted by the lender into shares of common stock of the Company at the lesser of $10 per share or (b) fifty percent (50%) of the lowest traded price of common stock recorded on any trade day after the effective date, or (c) the lowest effective price per share granted to any person or entity
Proceeds from Convertible Debt																												$ 25,000		$ 90,000
Debt Instrument, Unamortized Discount																															0	0
August Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																											$ 500,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																																				$ 0.2
Convertible Debt																															0	0
Debt Instrument, Interest Rate, Stated Percentage																											10.00%
Debt Instrument, Convertible, Terms of Conversion Feature																											The August 2021 Note could be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of 90% (representing a 10% discount) multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period.
Class of Warrant or Rights, Granted (in Shares)																											1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)																	$ 0.2										$ 1.5
Stock Issued During Period, Shares, Other (in Shares)																											400,000
Debt Instrument, Maturity Date																											Feb. 20, 2022
February 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																										$ 250,000					250,000	250,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																	0.2
Convertible Debt																															250,000	250,000
Interest Payable																															37,500	37,500
Debt Instrument, Interest Rate, Stated Percentage																										10.00%
Debt Instrument, Convertible, Terms of Conversion Feature																										The February 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period
Class of Warrant or Rights, Granted (in Shares)																									500,000	500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)																	$ 0.2								$ 1.5	$ 1.5
Stock Issued During Period, Shares, Other (in Shares)																										300,000
Debt Instrument, Maturity Date																	May 09, 2023									Aug. 15, 2022
Debt Instrument, Unamortized Discount																										$ 25,000					0	0
Unamortized Debt Issuance Expense																										12,000
Stock Issued During Period, Value, Other																										$ 111,000
May 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																								$ 1,000,000							1,000,000	1,000,000
Convertible Debt																															1,000,000	1,000,000
Interest Payable																															225,000	225,000
Debt Instrument, Interest Rate, Stated Percentage																								12.00%
Debt Instrument, Convertible, Terms of Conversion Feature																								The May 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion
Class of Warrant or Rights, Granted (in Shares)																							1,000,000	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)																							$ 0.01	$ 0.01
Stock Issued During Period, Shares, Other (in Shares)																								875,000
Debt Instrument, Maturity Date																								Nov. 05, 2022
Debt Instrument, Unamortized Discount																								$ 100,000							0	0
Unamortized Debt Issuance Expense																								25,500
Stock Issued During Period, Value, Other																								$ 259,875
Debt Instrument, Description																								If extended, the interest rate increased to 15% for the remaining six months
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																								$ 412,065
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net																								$ 282,051
August 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																					$ 100,000										100,000	100,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																					$ 0.15
Debt Instrument, Fee Amount					$ 5,000
Convertible Debt																															100,000	100,000
Interest Payable																															30,977	30,977
Debt Instrument, Interest Rate, Stated Percentage									14.00%	14.00%											12.00%
Debt Instrument, Maturity Date					Feb. 29, 2024					Nov. 08, 2023											Aug. 08, 2023
Debt Instrument, Unamortized Discount																															0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																					$ 77,259
Debt Instrument, Unamortized Discount, Noncurrent																															0	0
September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																				$ 79,250
Debt Instrument, Fee Amount																$ 20,594
Convertible Debt																															0	0
Debt Instrument, Interest Rate, Stated Percentage																				8.00%
Debt Instrument, Convertible, Terms of Conversion Feature																				The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																				$ 75,000
Debt Instrument, Unamortized Discount, Noncurrent																				$ 4,250
Repayments of Debt																$ 3,127
November 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																			$ 55,000
Debt Instrument, Fee Amount														$ 14,277
Convertible Debt																															0	0
Debt Instrument, Interest Rate, Stated Percentage																			8.00%
Debt Instrument, Convertible, Terms of Conversion Feature																			The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Maturity Date																			Nov. 01, 2023
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																			$ 50,750
Debt Instrument, Unamortized Discount, Noncurrent																			$ 4,250
Repayments of Debt														2,109
December 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																		$ 55,000
Debt Instrument, Fee Amount											$ 11,315
Convertible Debt																															0	0
Debt Instrument, Interest Rate, Stated Percentage																		8.00%
Debt Instrument, Convertible, Terms of Conversion Feature																		The holder had the right, after six months, until the date of payment in full of all amounts outstanding, to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Maturity Date																		Dec. 07, 2023
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																		$ 50,750
Debt Instrument, Unamortized Discount, Noncurrent																		$ 4,250
Repayments of Debt											2,260
Debt Conversion, Original Debt, Amount													$ 12,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)													141,677
February 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																	$ 265,000														265,000	265,000
Convertible Debt																															265,000	265,000
Interest Payable																															36,806	36,806
Debt Instrument, Interest Rate, Stated Percentage																	10.00%
Class of Warrant or Rights, Granted (in Shares)																	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)																	$ 0.2
Stock Issued During Period, Shares, Other (in Shares)																	500,000
Debt Instrument, Maturity Date																	May 09, 2023
Debt Instrument, Unamortized Discount																															0	0
Stock Issued During Period, Value, Other																	$ 82,500
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																	110,576
Debt Instrument, Unamortized Discount, Noncurrent																	$ 26,500
Debt, Discount Rate																	10.00%
April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount															$ 79,250
Convertible Debt																															0	0
Interest Payable																															0	0
Debt Instrument, Interest Rate, Stated Percentage															8.00%
Debt Instrument, Convertible, Terms of Conversion Feature															The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Maturity Date															Apr. 11, 2024
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances															$ 75,000
Debt Instrument, Unamortized Discount, Noncurrent															$ 4,250
Debt Conversion, Original Debt, Amount																																$ 79,250
Debt Conversion, Converted Instrument, Shares Issued (in Shares)																																6,953,792
April 24, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount														$ 54,250
Convertible Debt																															0	$ 0
Interest Payable																															0	0
Debt Instrument, Interest Rate, Stated Percentage														8.00%
Debt Instrument, Convertible, Terms of Conversion Feature														The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Maturity Date														Apr. 24, 2024
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances														$ 50,000
Debt Instrument, Unamortized Discount, Noncurrent																															4,250	4,250
Repayments of Debt																																24,540
Interest Paid, Excluding Capitalized Interest, Operating Activities																																4,125
Conversion of Stock, Amount Converted																																$ 29,710
Conversion of Stock, Shares Converted (in Shares)																																4,481,509
June 19, 2023 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount												$ 75,000																			75,000	$ 75,000
Convertible Debt																															75,000	75,000
Interest Payable																															11,562	11,562
Debt Instrument, Interest Rate, Stated Percentage												15.00%
Class of Warrant or Rights, Granted (in Shares)												750,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)												$ 0.0001
Debt Instrument, Maturity Date												Jul. 16, 2023
Debt Instrument, Unamortized Discount																															0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances												$ 75,000
June 20, 2023 Note1 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount											$ 55,000
Interest Payable																															0	0
Debt Instrument, Interest Rate, Stated Percentage											8.00%
Debt Instrument, Convertible, Terms of Conversion Feature											The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Maturity Date											Jun. 20, 2024
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances											$ 17,937
Debt Instrument, Unamortized Discount, Noncurrent											$ 4,250
Repayments of Debt																																33,620
Interest Paid, Excluding Capitalized Interest, Operating Activities																																6,131
Conversion of Stock, Amount Converted																																$ 21,380
Conversion of Stock, Shares Converted (in Shares)																																5,405,711
August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount								$ 55,000																							33,205	$ 33,205
Convertible Debt																															33,205	33,205
Interest Payable																															3,530	3,530
Debt Instrument, Interest Rate, Stated Percentage								8.00%
Debt Instrument, Convertible, Terms of Conversion Feature								The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Maturity Date								Aug. 16, 2024
Debt Instrument, Unamortized Discount																															0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances								$ 52,800
Debt Instrument, Unamortized Discount, Noncurrent								$ 2,200
Conversion of Stock, Amount Converted																																$ 21,795
Conversion of Stock, Shares Converted (in Shares)																																5,400,000
August 17, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount							$ 55,000
Convertible Debt																															0	$ 0
Interest Payable																															0	0
Debt Instrument, Interest Rate, Stated Percentage							8.00%
Debt Instrument, Maturity Date							Aug. 17, 2024
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances							$ 50,000
Debt Instrument, Unamortized Discount, Noncurrent							$ 5,000
Repayments of Debt																																55,000
Interest Paid, Excluding Capitalized Interest, Operating Activities																																5,249
December 29, 2023 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount						$ 29,444
Convertible Debt																															29,444	29,444
Interest Payable																															1,281	1,281
Debt Instrument, Interest Rate, Stated Percentage						10.00%
Debt, Discount Rate						10.00%
Proceeds from Issuance of Debt				$ 19,444		$ 10,000
February 27, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																															100,000	100,000
Convertible Debt			$ 100,000																												69,135	69,135
Interest Payable																															3,447	3,447
Debt Instrument, Interest Rate, Stated Percentage			12.00%
Debt Instrument, Maturity Date			Aug. 27, 2024
Debt Instrument, Unamortized Discount			$ 47,293																												30,865	30,865
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net			$ 5,000
Debt, Discount Rate			20.00%
April 29, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																															25,600	25,600
Convertible Debt		$ 25,600																													8,817	8,817
Interest Payable																															529	529
Debt Instrument, Interest Rate, Stated Percentage		12.00%
Debt Instrument, Convertible, Terms of Conversion Feature		could be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion
Stock Issued During Period, Shares, Other (in Shares)		2,500,000
Debt Instrument, Maturity Date		Oct. 26, 2024
Debt Instrument, Unamortized Discount		$ 2,560																													16,783	16,783
Unamortized Debt Issuance Expense		5,000
Stock Issued During Period, Value, Other		$ 13,750
Debt, Discount Rate		10.00%
Derivative, Fair Value, Net		$ 9,532
May 13, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																															117,000	117,000
Convertible Debt	$ 117,000																														30,522	30,522
Interest Payable																															1,872	1,872
Debt Instrument, Interest Rate, Stated Percentage	12.00%
Debt Instrument, Convertible, Terms of Conversion Feature	The May 13, 2024 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period
Class of Warrant or Rights, Granted (in Shares)	10,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$ 0.0001
Debt Instrument, Maturity Date	Nov. 13, 2024
Debt Instrument, Unamortized Discount	$ 11,700																														86,478	86,478
Unamortized Debt Issuance Expense	5,300
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances	85,588
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$ 64,665
Stock Repurchased During Period, Shares (in Shares)	3,000,000
Minimum [Member] \| September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																				15.00%
Minimum [Member] \| November 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																			15.00%
Minimum [Member] \| December 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																		15.00%
Minimum [Member] \| April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage															15.00%
Minimum [Member] \| April 24, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage														15.00%
Minimum [Member] \| June 20, 2023 Note1 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage											15.00%
Minimum [Member] \| August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage								15.00%
Minimum [Member] \| August 17, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage							15.00%
Maximum [Member] \| September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																				25.00%
Maximum [Member] \| November 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																			25.00%
Maximum [Member] \| December 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																		25.00%
Maximum [Member] \| April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage															25.00%
Maximum [Member] \| April 24, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage														25.00%
Maximum [Member] \| June 20, 2023 Note1 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage											25.00%
Maximum [Member] \| August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage								25.00%
Maximum [Member] \| August 17, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage							25.00%
September 2022 Note [Member] \| September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Maturity Date																				Sep. 22, 2023
June 20, 2023 Note1 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Convertible Debt																															$ 0	$ 0
Measurement Input, Default Rate [Member] \| September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																				22.00%
Measurement Input, Default Rate [Member] \| November 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																			22.00%
Measurement Input, Default Rate [Member] \| December 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																		22.00%
Measurement Input, Default Rate [Member] \| April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage															22.00%
Measurement Input, Default Rate [Member] \| April 24, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage														22.00%
Measurement Input, Default Rate [Member] \| June 20, 2023 Note1 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage											22.00%
Measurement Input, Default Rate [Member] \| August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								22.00%
Measurement Input, Default Rate [Member] \| August 17, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							22.00%
Measurement Input, Default Rate [Member] \| February 27, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			18.00%

CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt - USD ($)	Jun. 30, 2024	May 13, 2024	Apr. 29, 2024	Feb. 27, 2024	Sep. 30, 2023	Aug. 16, 2023	Jun. 19, 2023	Feb. 09, 2023	Aug. 08, 2022	May 05, 2022	Feb. 15, 2022	May 10, 2017	Nov. 20, 2014	Oct. 01, 2013
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	$ 2,173,129
Unamortized balance of Debt Discount	(134,126)
Outstanding balance	2,039,003
Derivative balance	1,901,735				$ 2,982,382
2013 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	12,000													$ 12,000
Unamortized balance of Debt Discount	0
Outstanding balance	12,000
2014 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	50,880												$ 400,000
Unamortized balance of Debt Discount	0
Outstanding balance	50,880
2017 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	115,000											$ 150,000
Unamortized balance of Debt Discount	0
Outstanding balance	115,000
February 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	250,000										$ 250,000
Unamortized balance of Debt Discount	0										$ (25,000)
Outstanding balance	250,000
May 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	1,000,000									$ 1,000,000
Unamortized balance of Debt Discount	0									$ (100,000)
Outstanding balance	1,000,000
August 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	100,000								$ 100,000
Unamortized balance of Debt Discount	0
Outstanding balance	100,000
February 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	265,000							$ 265,000
Unamortized balance of Debt Discount	0
Outstanding balance	265,000
June 19, 2023 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	75,000						$ 75,000
Unamortized balance of Debt Discount	0
Outstanding balance	75,000
August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	33,205					$ 55,000
Unamortized balance of Debt Discount	0
Outstanding balance	33,205
December 29, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	29,444
Unamortized balance of Debt Discount	0
Outstanding balance	29,444
February 27, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	100,000
Unamortized balance of Debt Discount	(30,865)			$ (47,293)
Outstanding balance	69,135			$ 100,000
April 29, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	25,600
Unamortized balance of Debt Discount	(16,783)		$ (2,560)
Outstanding balance	8,817		$ 25,600
May 13, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	117,000
Unamortized balance of Debt Discount	(86,478)	$ (11,700)
Outstanding balance	30,522	$ 117,000
Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	1,766,561
Embedded Derivative Financial Instruments [Member] \| 2013 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	0
Embedded Derivative Financial Instruments [Member] \| 2014 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	223,422
Embedded Derivative Financial Instruments [Member] \| 2017 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	472,304
Embedded Derivative Financial Instruments [Member] \| February 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	128,004
Embedded Derivative Financial Instruments [Member] \| May 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	545,407
Embedded Derivative Financial Instruments [Member] \| August 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	0
Embedded Derivative Financial Instruments [Member] \| February 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	134,373
Embedded Derivative Financial Instruments [Member] \| June 19, 2023 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	38,540
Embedded Derivative Financial Instruments [Member] \| August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	27,532
Embedded Derivative Financial Instruments [Member] \| December 29, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	13,680
Embedded Derivative Financial Instruments [Member] \| February 27, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	37,136
Embedded Derivative Financial Instruments [Member] \| April 29, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	24,153
Embedded Derivative Financial Instruments [Member] \| May 13, 2024 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	$ 122,010

CONVERTIBLE PROMISSORY NOTES (Details) - Fair Value Measurement Inputs and Valuation Techniques - Embedded Derivative Financial Instruments [Member]	Jun. 30, 2024
Measurement Input, Risk Free Interest Rate [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	5.1
Measurement Input, Risk Free Interest Rate [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	5.5
Measurement Input, Price Volatility [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	94
Measurement Input, Price Volatility [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	229
Measurement Input, Expected Term [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	1.6
Measurement Input, Expected Term [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	12
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	0

CONVERTIBLE PROMISSORY NOTES, RELATED PARTY (Details) - USD ($)	May 31, 2024	Jul. 28, 2022	Jun. 30, 2024
July 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES, RELATED PARTY (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		12.00%
Debt Instrument, Face Amount		$ 12,500
Debt Instrument, Maturity Date, Description		the earlier of: (a) October 31, 2022, or (b) the receipt by the Company of debt or equity financing of $3.0 million
Debt Instrument, Convertible, Conversion Price (in Dollars per share)		$ 0.15
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances		$ 12,500
Debt Instrument, Unamortized Discount			$ 0
Notes Payable, Current			12,500
Interest Payable, Current			$ 2,882
May 31, 2024 [Member]
CONVERTIBLE PROMISSORY NOTES, RELATED PARTY (Details) [Line Items]
Debt Instrument, Face Amount	$ 9,000
Debt Instrument, Maturity Date, Description	The note has no fixed term and is repayable to the Company upon receipt of debt or equity financing of at least $1.0 million.
Debt Instrument, Convertible, Conversion Price (in Dollars per share)	$ 0.11

SHORT TERM LOANS, RELATED PARTIES (Details) - USD ($)			9 Months Ended
SHORT TERM LOANS, RELATED PARTIES (Details) - USD ($)	Feb. 09, 2023	Jul. 28, 2022	Jun. 30, 2024	Jun. 30, 2023	Jan. 26, 2024	Dec. 21, 2023	Sep. 30, 2023
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Debt Instrument, Face Amount			$ 2,173,129
Debt Instrument, Maturity Date, Description	the earlier of August 31, 2023, or our receipt of debt or equity financing of at least $3.0 million	The loan terms required repayment of all amounts outstanding under the loan on the earlier of: (a) October 31, 2022 or (b) the receipt by the Company of debt or equity financing of $3.0 million.
Debt Instrument, Maturity Date		Oct. 31, 2022
Proceeds from Short-Term Debt	$ 8,500		13,000	$ 0
Short-Term Debt			34,000				$ 21,000
Imputed Interest on Related Party Loan			$ 4,448	$ 0
Director [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Debt Instrument, Face Amount		$ 12,500
Jason Anderson [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Short-Term Debt					$ 2,000
Board of Directors Chairman [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Short-Term Debt						$ 10,000
Chief Financial Officer [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Short-Term Debt						$ 1,000

WARRANTS (Details) - USD ($)														1 Months Ended	3 Months Ended		9 Months Ended
WARRANTS (Details) - USD ($)	May 13, 2024	Dec. 29, 2023	Aug. 09, 2023	Jun. 30, 2023	Jun. 19, 2023	Jun. 15, 2023	Jun. 08, 2023	Feb. 09, 2023	May 10, 2022	May 05, 2022	Feb. 16, 2022	Feb. 15, 2022	Aug. 20, 2021	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 09, 2023	Sep. 30, 2023
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted			2,000,000		750,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)			$ 0.2		$ 0.0001
Warrants and Rights Outstanding, Term, Increase																			2 years
Class of Warrant or Right, Outstanding								1,500,000
Fair Value Adjustment of Warrants (in Dollars)		$ 29,000						$ 44,241									$ 93,988	$ 386,912
Adjustments to Additional Paid in Capital, Warrant Issued (in Dollars)			$ 177,086												$ 64,988	$ 238,412	93,988	$ 386,912
Embedded Derivative, Fair Value of Embedded Derivative Liability (in Dollars)															$ 135,174		$ 135,174			$ 728,991
August Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted													1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)								$ 0.2					$ 1.5
Warrants and Rights Outstanding, Term, Increase		2 years
February 2022 Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted											500,000	500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)								$ 0.2			$ 1.5	$ 1.5
Warrants and Rights Outstanding, Term, Increase		2 years
May 2022 Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted									1,000,000	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)									$ 0.01	$ 0.01
Warrants and Rights Outstanding, Term, Increase		2 years
February 2023 Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted								1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)								$ 0.2
Warrants and Rights Outstanding, Term, Increase		2 years
Adjustments to Additional Paid in Capital, Warrant Issued (in Dollars)								$ 148,500
June 2023 [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted				500,000		500,000	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)							$ 0.2
Warrants and Rights Outstanding, Term, Increase		2 years
Adjustments to Additional Paid in Capital, Warrant Issued (in Dollars)														$ 238,412
May 13, 2024 Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted	10,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$ 0.0001
Fair Value Adjustment of Warrants (in Dollars)	$ 64,665

WARRANTS (Details) - Fair Value Measurement Inputs and Valuation Techniques	Jun. 30, 2024	May 13, 2024	Aug. 09, 2023	Feb. 09, 2023
Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input		0.0065		0.165
Measurement Input, Share Price [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			0.02
Measurement Input, Share Price [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			0.02
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input		4.3
Measurement Input, Risk Free Interest Rate [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	4.3			3.8
Measurement Input, Risk Free Interest Rate [Member] \| Minimum [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			3.8
Measurement Input, Risk Free Interest Rate [Member] \| Minimum [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			3.8
Measurement Input, Risk Free Interest Rate [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	4.4			3.7
Measurement Input, Risk Free Interest Rate [Member] \| Maximum [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			4
Measurement Input, Risk Free Interest Rate [Member] \| Maximum [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			3.9
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input		157
Measurement Input, Price Volatility [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	149			156
Measurement Input, Price Volatility [Member] \| Minimum [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			147
Measurement Input, Price Volatility [Member] \| Minimum [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			143
Measurement Input, Price Volatility [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	163			159
Measurement Input, Price Volatility [Member] \| Maximum [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			158
Measurement Input, Price Volatility [Member] \| Maximum [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			152
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input		5
Measurement Input, Expected Term [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	4.2			3.2
Measurement Input, Expected Term [Member] \| Minimum [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			2.6
Measurement Input, Expected Term [Member] \| Minimum [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			4.6
Measurement Input, Expected Term [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	6.1			4.1
Measurement Input, Expected Term [Member] \| Maximum [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			4.6
Measurement Input, Expected Term [Member] \| Maximum [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			6.6
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	0	0		0
Measurement Input, Expected Dividend Rate [Member] \| Year 5 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			0
Measurement Input, Expected Dividend Rate [Member] \| Year 7 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input			0

OPTIONS (Details) - USD ($)			9 Months Ended
OPTIONS (Details) - USD ($)	Mar. 13, 2023	Jun. 02, 2020	Jun. 30, 2024	Jun. 30, 2023
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	3,542,857	2,000,000	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price (in Dollars per share)		$ 0.01
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)	$ 0.175		$ 0
Share-Based Payment Arrangement, Noncash Expense (in Dollars)			$ 0	$ 563,314
Share-Based Payment Arrangement, Option [Member]
OPTIONS (Details) [Line Items]
Share-Based Payment Arrangement, Noncash Expense (in Dollars)				$ 563,315
Director [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	857,143
Chief Financial Officer [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	428,571
President of StemVax Therapeutics [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	571,429
Scientific Advisory Board [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	57,143
Staff Members and Officers [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	542,857

OPTIONS (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	Mar. 13, 2023	Jun. 02, 2020
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions Abstract
Risk Free Interest Rate	3.68%	0.32%
Stock Volatility Factor	146.79%	146.00%
Weighted Average Expected Option Life	5 years	5 years
Expected Dividend Yield	0.00%	0.00%

OPTIONS (Details) - Share-Based Payment Arrangement, Option, Activity - $ / shares			9 Months Ended
	Mar. 13, 2023	Jun. 02, 2020	Jun. 30, 2024
Share Based Payment Arrangement Option Activity Abstract
Outstanding, Number of Options			5,542,857
Outstanding, Weighted average exercise price			$ 0.115
Granted, Number of Options	3,542,857	2,000,000	0
Granted, Weighted average exercise price	$ 0.175		$ 0
Exercised, Number of Options			0
Exercised, Weighted average exercise price			$ 0
Forfeited, Number of Options			0
Forfeited, Weighted average exercise price			$ 0
Outstanding, Number of Options			5,542,857
Outstanding, Weighted average exercise price			$ 0.115

OPTIONS (Details) - Share-based Payment Arrangement, Option, Exercise Price Range	9 Months Ended
	Jun. 30, 2024 $ / shares shares
Options at .01 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercisable Prices (in Dollars per share) \| $ / shares	$ 0.01
Options Outstanding	2,000,000
Options Exercisable	2,000,000
Weighted Average Remaining Contractual Life	6 years 3 months
Options at $0.175 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercisable Prices (in Dollars per share) \| $ / shares	$ 0.175
Options Outstanding	3,542,857
Options Exercisable	3,542,857
Weighted Average Remaining Contractual Life	8 years 8 months 12 days

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - Commitment Fee [Member]	9 Months Ended
	Jun. 30, 2024 shares
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) [Line Items]
Stock Issued During Period, Shares, Other	2,825,000
Debt Instrument, Fee	If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - Schedule of Accounts Payable and Accrued Liabilities - USD ($)

Jun. 30, 2024

Sep. 30, 2023

Schedule Of Accounts Payable And Accrued Liabilities Abstract

Accrued liabilities

$ 33,797

$ 11,154

Interest payable

486,066

289,101

Provision for guaranteed commitment fees

^[1]

1,301,835

1,042,500

Accrued payroll

150,712

3,875

Deferred compensation

717,512

571,763

License Fees Payable

40,402

Insurance finance liability

52,246

23,772

Accrued expenses and accrued other current liabilities

$ 2,782,570

$ 1,982,567

[1]

Under the terms of the August 2021 Note, the February 2022 Note, the May 2022 Note, the February 2023 Letter Agreement and the June 19, 2023, Letter Agreement, the Company issued a total of 2,825,000 shares of common stock or pre-funded warrants as commitment fees. If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000. The difference between the fair value of the 2,825,000 shares as on June 30, 2024, and the guaranteed sale amount was recorded as a provision for guaranteed commitment fees and included in the table above.

DUE TO RELATED PARTIES (Details) - USD ($)		9 Months Ended		12 Months Ended
DUE TO RELATED PARTIES (Details) - USD ($)	Mar. 14, 2022	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2022	Jan. 31, 2022
DUE TO RELATED PARTIES (Details) [Line Items]
Proceeds from Related Party Debt		$ 9,000	$ 0
Stock Issued During Period, Shares, Other (in Shares)			500,000
Conversion of Stock, Shares Issued (in Shares)	1,502,670
Preferred Stock, Convertible, Conversion Price (in Dollars per share)	$ 0.35
Conversion of Stock, Amount Issued	$ 525,934
Common Stock Outstanding, Percentage	10.00%
Payments to Acquire Investments	$ 250,000
Payable, Preferred Stock Redeemed		95,000
Affiliated Entity [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Proceeds from Related Party Debt				$ 86,217
Related Party Transaction, Expenses from Transactions with Related Parties		$ 7,500,000
Series B Preferred Stock [Member] \| TN3, LLC [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Investment Owned, Balance, Shares (in Shares)					25,000
Series B Preferred Stock [Member] \| TN3, LLC [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Stock Redeemed or Called During Period, Shares (in Shares)	24,400
Series B Preferred Stock [Member] \| TN3, LLC [Member] \| Irvin Consulting, LLC ("IC") [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)	600

SUBSEQUENT EVENTS (Details) - USD ($)								3 Months Ended	9 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($)	Oct. 23, 2024	Sep. 18, 2024	Aug. 16, 2024	Mar. 15, 2024	Dec. 29, 2023	Jul. 28, 2022	Mar. 14, 2022	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Feb. 15, 2024
SUBSEQUENT EVENTS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)										500,000
Stock Issued During Period, Value, Other								$ 13,750	$ 13,750	$ 82,500
Conversion of Stock, Shares Issued (in Shares)							1,502,670
Debt Instrument, Face Amount								$ 2,173,129	$ 2,173,129
Debt Instrument, Maturity Date						Oct. 31, 2022
September 18, 2024 Note [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Face Amount		$ 65,000
Original Interest Discount Rate		10.00%
Debt Instrument, Interest Rate During Period		12.00%
Debt Instrument, Maturity Date		Mar. 18, 2025
Warrant or Right, Reason for Issuance, Description		In connection with the loan, we issued a seven-year prefunded stock purchase warrants to AJB to purchase a total of two million shares of our common stock for $0.0001 a share.
Debt Instrument, Increase (Decrease), Net	$ 11,111
Notes Payable	76,111
Proceeds from Notes Payable	$ 10,000
Summer [Member] \| Tranch 1 [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Loans Payable											$ 3,050,000.00
Summer [Member] \| Tranch 2 [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Loans Payable				$ 4,000,000
Debt Instrument, Term				5 years
Debt Instrument, Interest Rate, Stated Percentage											10.00%
Debt Instrument, Convertible, Conversion Price (in Dollars per share)											$ 0.11
AJB [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)			1,000,000
Proceeds from Issuance of Debt			$ 33,340
Common Stock [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)								2,500,000	2,500,000	500,000
Stock Issued During Period, Value, Other								$ 13,750	$ 13,750	$ 82,500
Common Stock [Member] \| Dwain K. Irvin [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Conversion of Stock, Shares Issued (in Shares)					6,000,000
Measurement Input, Default Rate [Member] \| September 18, 2024 Note [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		18.00%
Purchase Agreement [Member] \| Summer [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)					33,000,000
Share Price (in Dollars per share)					$ 0.11
Stock Issued During Period, Value, Other					$ 3,630,000
Loans Payable					$ 7,050,000.00
Series B Preferred Stock [Member] \| Dwain K. Irvin [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Conversion of Stock, Shares Converted (in Shares)					600

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