Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.21.2
Share-based Compensation (Tables)
9 Months Ended
Jun. 30, 2021
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

Nine Months Ended

June 30,

June 30,

2021

2020

2021

2020

Cost of sales

$

15,921

$

7,743

$

50,548

$

38,713

Selling, general and administrative

1,444,145

490,647

2,719,232

1,442,970

Research and development

440,019

186,924

917,883

499,809

Share-based compensation

$

1,900,085

$

685,314

$

3,687,663

$

1,981,492

Weighted Average Assumptions for Options Granted

Three Months Ended

Nine Months Ended

June 30,

June 30,

2021

2020

2021

2020

Weighted Average Assumptions:

Expected volatility

78.53%

68.88%

63.13%

Expected dividend yield

0.00%

0.00%

0.00%

Risk-free interest rate

1.10%

0.64%

1.63%

Expected term (in years)

6.0

5.9

5.9

Fair value of options granted

$

5.98

$

$

3.46

$

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

3,228,625

$

5.47

Exercised

(996,102)

$

1.54

Forfeited and expired

(91,269)

$

1.74

Outstanding at June 30, 2021

10,740,254

$

2.83

7.91

$

60,768,816

Exercisable at June 30, 2021

5,933,601

$

1.66

7.01

$

38,057,411