Annual report pursuant to Section 13 and 15(d)

Share-based Compensation (Tables)

v3.19.3.a.u2
Share-based Compensation (Tables)
12 Months Ended
Sep. 30, 2019
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 



2019

 

2018



 

 

 

 

 

Cost of sales

$

38,026 

 

$

19,187 

Selling, general and administrative

 

1,471,391 

 

 

1,284,287 

Research and development

 

396,681 

 

 

335,031 



$

1,906,098 

 

$

1,638,505 



Weighted Average Assumptions for Options Granted



 

 

 

 

 



2019

 

2018

Weighted Average Assumptions:

 

 

 

 

 

Expected Volatility

 

65.85% 

 

 

60.95% 

Expected Dividend Yield

 

0.00% 

 

 

0.00% 

Risk-free Interest Rate

 

2.36% 

 

 

2.65% 

Expected Term (in years)

 

5.9 

 

 

5.9 

Fair Value of Options Granted

$

0.93 

 

$

1.00 



Summary of Stock Options Outstanding and Exercisable



 

 

 

 

 

 

 

 

 



 

 

Weighted Average

 

 

 



 

 

 

 

 

Remaining

 

Aggregate



Number of

 

Exercise Price

 

Contractual Term

 

Intrinsic



Shares

 

Per Share

 

(years)

 

Value



 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2018

5,645,312 

 

$

1.59 

 

 

 

 

 

Granted

2,295,407 

 

 

1.54 

 

 

 

 

 

Exercised

(427,383)

 

 

1.11 

 

 

 

 

 

Forfeited

(485,347)

 

 

1.89 

 

 

 

 

 

Outstanding at September 30, 2019

7,027,989 

 

$

1.58 

 

7.95

 

$

4,098,686 

Exercisable at September 30, 2019

2,700,166 

 

$

1.47 

 

7.11

 

$

1,855,420