Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 172

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 172
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| Stock price    | ​ | $ | 1.27 | ​ |
| Exercise price | ​ | $ | 1.27 | ​ |
| Expected term  | ​ | ​ | 5.75 | ​ |
| Dividend yield | ​ |   |    — | ​ |
| Volatility     | ​ |   |  157 | % |
| Risk free rate | ​ |   | 3.64 | % |

The Company recorded $ and $ as stock compensation expense within selling, general and administrative for fiscal years ended September 30, 2024 and 2023, respectively. As of September 30, 2024, unrecorded compensation cost related to non-vested awards was $ which is expected to be recognized over a weighted average period of approximately years. The weighted average grant date fair value per share for options granted during the fiscal years ended September 30, 2023 was $.

Restricted Stock Units

Restricted stock unit awards are valued at the market price of the Company’s Common Stock on the grant date. During the fiscal year ended September 30, 2023, the Company granted restricted stock units (“RSUs”) to certain officers of the Company. These RSUs vest on the first anniversary of the grant date. The fair value of the RSUs granted was the closing stock price on the date of grant of $. These RSUs vested during March 2024. As of September 30, 2024 there were RSUs outstanding.

F-21

NOTE I – INCOME TAXES

The income tax provision (benefit) for the fiscal years ended September 30, 2024 and 2023 consists of the following:

| ​                              
 ​                              
 Federal:                       | ​ 
 ​ | ​    
 2024 
 ​    |          ​ 
          ​ | ​ 
 ​ | ​    
 2023 
 ​    |          ​ 
          ​ |
|:-------------------------------|:--|:-----|-----------:|:--|:-----|-----------:|
| Current                        | ​ | $    |          — | ​ | $    |          — |
| Deferred                       | ​ |      |  5,874,000 | ​ | ​    | -3,249,000 |
| ​                              | ​ |      |  5,874,000 | ​ | ​    | -3,249,000 |
| State and local:               | ​ |      |