Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.24.1
Share-based Compensation (Tables)
3 Months Ended
Dec. 31, 2023
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

December 31,

2023

2022

Cost of sales

$

96,705

$

64,008

Selling, general and administrative

2,826,865

3,612,099

Research and development

483,379

1,169,162

Share-based compensation

$

3,406,949

$

4,845,269

Weighted Average Assumptions for Options Granted

Three Months Ended

December 31,

2023

2022

Weighted Average Assumptions:

Expected volatility

103.99%

98.43%

Expected dividend yield

0.00%

0.00%

Risk-free interest rate

4.73%

4.25%

Expected term (in years)

6.0

6.0

Fair value of options granted

$

0.60

$

9.17

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, 2023

17,367,643

$

5.28

Granted

300,000

$

0.73

Exercised

$

Forfeited and expired

(511,672)

$

8.96

Outstanding at December 31, 2023

17,155,971

$

5.09

6.72

$

Exercisable at December 31, 2023

11,707,344

$

4.25

5.78

$