Annual report pursuant to Section 13 and 15(d)

Share-based Compensation (Tables)

v3.24.1
Share-based Compensation (Tables)
12 Months Ended
Sep. 30, 2023
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

2023

2022

Cost of sales

$

361,843

$

328,225

Selling, general and administrative

13,785,067

8,151,505

Research and development

3,771,693

2,762,693

$

17,918,603

$

11,242,423

Weighted Average Assumptions for Options Granted

2023

2022

Weighted Average Assumptions:

Expected Volatility

101.37%

84.53%

Expected Dividend Yield

0.00%

0.00%

Risk-free Interest Rate

3.92%

2.17%

Expected Term (in years)

6.0

6.0

Fair Value of Options Granted

$

5.55

$

7.10

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

4,934,955

6.92

Exercised

(191,832)

2.03

Forfeited

(1,638,950)

8.19

Outstanding at September 30, 2023

17,367,643

$

5.28

7.10

$

Exercisable at September 30, 2023

9,759,441

$

3.54

5.76

$