Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.23.1
Share-based Compensation (Tables)
6 Months Ended
Mar. 31, 2023
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

Six Months Ended

March 31,

March 31,

2023

2022

2023

2022

Cost of sales

$

87,356

$

24,572

$

151,364

$

45,648

Selling, general and administrative

2,903,812

1,588,043

6,515,911

2,983,601

Research and development

846,430

512,326

2,015,592

976,120

Share-based compensation

$

3,837,598

$

2,124,941

$

8,682,867

$

4,005,369

Weighted Average Assumptions for Options Granted

Three Months Ended

Six Months Ended

March 31,

March 31,

2023

2022

2023

2022

Weighted Average Assumptions:

Expected volatility

102.90%

76.12%

98.49%

77.27%

Expected dividend yield

0.00%

0.00%

0.00%

0.00%

Risk-free interest rate

3.84%

2.50%

4.24%

1.44%

Expected term (in years)

5.6

6.0

6.0

6.0

Fair value of options granted

$

3.63

$

3.49

$

9.10

$

5.40

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, 2022

14,263,470

$

5.00

Granted

2,736,775

$

11.38

Exercised

(148,125)

$

2.27

Forfeited and expired

(799,231)

$

11.73

Outstanding at March 31, 2023

16,052,889

$

5.78

7.05

$

28,260

Exercisable at March 31, 2023

9,652,972

$

2.96

5.89

$

28,260