Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.20.1
Share-based Compensation (Tables)
6 Months Ended
Mar. 31, 2020
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



March 31,

 

March 31,



2020

 

2019

 

2020

 

2019



 

 

 

 

 

 

 

 

 

 

 

Cost of sales

$

16,425 

 

$

7,778 

 

$

30,970 

 

$

15,730 

Selling, general and administrative

 

480,628 

 

 

407,426 

 

 

952,323 

 

 

734,435 

Research and development

 

184,627 

 

 

81,005 

 

 

312,885 

 

 

163,300 

Share-based compensation

$

681,680 

 

$

496,209 

 

$

1,296,178 

 

$

913,465 



Weighted Average Assumptions for Options Granted



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



March 31,

 

March 31,



2020

 

2019

 

2020

 

2019

Weighted Average Assumptions:

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

65.66% 

 

 

65.45% 

 

 

63.13% 

 

 

66.88% 

Expected dividend yield

 

0.00% 

 

 

0.00% 

 

 

0.00% 

 

 

0.00% 

Risk-free interest rate

 

0.62% 

 

 

2.27% 

 

 

1.63% 

 

 

2.59% 

Expected term (in years)

 

6.0 

 

 

5.9 

 

 

5.9 

 

 

5.7 

Fair value of options granted

$

1.84 

 

$

0.90 

 

$

1.14 

 

$

0.85 



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, 2019

7,027,989 

 

$

1.58 

 

 

 

 

 

Granted

2,228,827 

 

$

1.97 

 

 

 

 

 

Exercised

(436,748)

 

$

1.67 

 

 

 

 

 

Forfeited

(176,028)

 

$

1.51 

 

 

 

 

 

Outstanding at March 31, 2020

8,644,040 

 

$

1.68 

 

8.25

 

$

13,781,911 

Exercisable at March 31, 2020

3,342,581 

 

$

1.48 

 

7.36

 

$

5,973,380