Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.22.2
Share-based Compensation (Tables)
9 Months Ended
Jun. 30, 2022
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

Nine Months Ended

June 30,

June 30,

2022

2021

2022

2021

Cost of sales

$

25,275

$

15,921

$

70,923

$

50,548

Selling, general and administrative

2,052,755

1,444,145

5,036,356

2,719,232

Research and development

832,946

440,019

1,809,066

917,883

Share-based compensation

$

2,910,976

$

1,900,085

$

6,916,345

$

3,687,663

Weighted Average Assumptions for Options Granted

Three Months Ended

Nine Months Ended

June 30,

June 30,

2022

2021

2022

2021

Weighted Average Assumptions:

Expected volatility

92.58%

78.53%

83.77%

68.88%

Expected dividend yield

0.00%

0.00%

0.00%

0.00%

Risk-free interest rate

3.01%

1.10%

2.10%

0.64%

Expected term (in years)

6.0

6.0

6.0

5.9

Fair value of options granted

$

8.97

$

5.98

$

6.92

$

3.46

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

4,219,965

$

9.61

Exercised

(158,237)

$

2.60

Forfeited and expired

(55,334)

$

4.56

Outstanding at June 30, 2022

14,607,074

$

4.79

7.73

$

98,145,668

Exercisable at June 30, 2022

8,144,463

$

2.20

6.63

$

74,877,016