Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.21.1
Share-based Compensation (Tables)
6 Months Ended
Mar. 31, 2021
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



March 31,

 

March 31,



2021

 

2020

 

2021

 

2020



 

 

 

 

 

 

 

 

 

 

 

Cost of sales

$

18,415 

 

$

16,425 

 

$

34,627 

 

$

30,970 

Selling, general and administrative

 

713,603 

 

 

480,628 

 

 

1,275,087 

 

 

952,323 

Research and development

 

270,263 

 

 

184,627 

 

 

477,864 

 

 

312,885 

Share-based compensation

$

1,002,281 

 

$

681,680 

 

$

1,787,578 

 

$

1,296,178 



Weighted Average Assumptions for Options Granted



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



March 31,

 

March 31,



2021

 

2020

 

2021

 

2020

Weighted Average Assumptions:

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

77.71% 

 

 

65.66% 

 

 

68.32% 

 

 

63.13% 

Expected dividend yield

 

0.00% 

 

 

0.00% 

 

 

0.00% 

 

 

0.00% 

Risk-free interest rate

 

1.00% 

 

 

0.62% 

 

 

0.61% 

 

 

1.63% 

Expected term (in years)

 

6.0 

 

 

6.0 

 

 

5.9 

 

 

5.9 

Fair value of options granted

$

9.81 

 

$

1.84 

 

$

3.32 

 

$

1.14 



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, 2020

8,599,000 

 

$

1.67 

 

 

 

 

 

Granted

3,051,600 

 

$

5.27 

 

 

 

 

 

Exercised

(825,908)

 

$

1.54 

 

 

 

 

 

Forfeited and expired

(72,935)

 

$

1.77 

 

 

 

 

 

Outstanding at March 31, 2021

10,751,757 

 

$

2.70 

 

8.19

 

$

89,289,061 

Exercisable at March 31, 2021

5,214,736 

 

$

1.62 

 

7.33

 

$

47,723,441