Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.20.2
Share-based Compensation (Tables)
9 Months Ended
Jun. 30, 2020
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Nine Months Ended



June 30,

 

June 30,



2020

 

2019

 

2020

 

2019



 

 

 

 

 

 

 

 

 

 

 

Cost of sales

$

7,743 

 

$

9,998 

 

$

38,713 

 

$

25,728 

Selling, general and administrative

 

490,647 

 

 

347,165 

 

 

1,442,970 

 

 

1,081,600 

Research and development

 

186,924 

 

 

111,044 

 

 

499,809 

 

 

274,344 

Share-based compensation

$

685,314 

 

$

468,207 

 

$

1,981,492 

 

$

1,381,672 



Weighted Average Assumptions for Options Granted



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Nine Months Ended



June 30,

 

June 30,



2020

 

2019

 

2020

 

2019

Weighted Average Assumptions:

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

 —

 

 

65.29% 

 

 

63.13% 

 

 

65.91% 

Expected dividend yield

 

 —

 

 

0.00% 

 

 

0.00% 

 

 

0.00% 

Risk-free interest rate

 

 —

 

 

2.23% 

 

 

1.63% 

 

 

2.37% 

Expected term (in years)

 

 —

 

 

6.0 

 

 

5.9 

 

 

5.9 

Fair value of options granted

$

 —

 

$

0.97 

 

$

1.14 

 

$

0.92 



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

(441,548)

 

$

1.67 

 

 

 

 

 

Forfeited and expired

(195,434)

 

$

1.55 

 

 

 

 

 

Outstanding at June 30, 2020

8,619,834 

 

$

1.68 

 

8.01

 

$

14,349,547 

Exercisable at June 30, 2020

4,120,510 

 

$

1.53 

 

7.17

 

$

7,453,274