Annual report pursuant to Section 13 and 15(d)

Share-based Compensation (Tables)

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



 

 

 

 

 



2020

 

2019



 

 

 

 

 

Cost of sales

$

52,267 

 

$

38,026 

Selling, general and administrative

 

1,905,192 

 

 

1,471,391 

Research and development

 

688,787 

 

 

396,681 



$

2,646,246 

 

$

1,906,098 



Weighted Average Assumptions for Options Granted



 

 

 

 

 



2020

 

2019

Weighted Average Assumptions:

 

 

 

 

 

Expected Volatility

 

63.13% 

 

 

65.85% 

Expected Dividend Yield

 

0.00% 

 

 

0.00% 

Risk-free Interest Rate

 

1.63% 

 

 

2.36% 

Expected Term (in years)

 

5.9 

 

 

5.9 

Fair Value of Options Granted

$

1.14 

 

$

0.93 



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

(216,268)

 

 

1.59 

 

 

 

 

 

Outstanding at September 30, 2020

8,599,000 

 

$

1.67 

 

7.76

 

$

8,174,898 

Exercisable at September 30, 2020

4,565,615 

 

$

1.52 

 

6.93

 

$

5,036,148