Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.23.3
Share-based Compensation (Tables)
9 Months Ended
Jun. 30, 2023
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

Nine Months Ended

June 30,

June 30,

2023

2022

2023

2022

Cost of sales

$

112,515

$

25,275

$

263,879

$

70,923

Selling, general and administrative

3,667,599

2,052,755

10,183,510

5,036,356

Research and development

770,718

832,946

2,786,310

1,809,066

Share-based compensation

$

4,550,832

$

2,910,976

$

13,233,699

$

6,916,345

Weighted Average Assumptions for Options Granted

Three Months Ended

Nine Months Ended

June 30,

June 30,

2023

2022

2023

2022

Weighted Average Assumptions:

Expected volatility

104.96%

92.58%

101.37%

83.77%

Expected dividend yield

0.00%

0.00%

0.00%

0.00%

Risk-free interest rate

3.51%

3.01%

3.92%

2.10%

Expected term (in years)

6.0

6.0

6.0

6.0

Fair value of options granted

$

1.12

$

8.97

$

5.55

$

6.92

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

4,927,775

$

6.93

Exercised

(148,125)

$

2.27

Forfeited and expired

(1,078,262)

$

11.00

Outstanding at June 30, 2023

17,964,858

$

5.19

7.19

$

35,604

Exercisable at June 30, 2023

10,213,653

$

3.43

5.77

$

34,604