Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.22.1
Share-based Compensation (Tables)
6 Months Ended
Mar. 31, 2022
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

Six Months Ended

March 31,

March 31,

2022

2021

2022

2021

Cost of sales

$

24,572

$

18,415

$

45,648

$

34,627

Selling, general and administrative

1,588,043

713,603

2,983,601

1,275,087

Research and development

512,326

270,263

976,120

477,864

Share-based compensation

$

2,124,941

$

1,002,281

$

4,005,369

$

1,787,578

Weighted Average Assumptions for Options Granted

Three Months Ended

Six Months Ended

March 31,

March 31,

2022

2021

2022

2021

Weighted Average Assumptions:

Expected volatility

76.12%

77.71%

77.27%

68.32%

Expected dividend yield

0.00%

0.00%

0.00%

0.00%

Risk-free interest rate

2.50%

1.00%

1.44%

0.61%

Expected term (in years)

6.0

6.0

6.0

5.9

Fair value of options granted

$

3.49

$

9.81

$

5.40

$

3.32

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, 2021

10,600,680

$

2.84

Granted

2,428,585

$

8.06

Exercised

(96,601)

$

2.66

Forfeited and expired

(1,334)

$

2.25

Outstanding at March 31, 2022

12,931,330

$

3.82

7.68

$

27,990,898

Exercisable at March 31, 2022

7,753,811

$

2.18

6.85

$

22,683,774