Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.24.1.u1
Share-based Compensation (Tables)
6 Months Ended
Mar. 31, 2024
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

Six Months Ended

March 31,

March 31,

2024

2023

2024

2023

Cost of sales

$

94,384

$

87,356

$

191,089

$

151,364

Selling, general and administrative

2,704,463

2,903,812

5,531,328

6,515,911

Research and development

835,324

846,430

1,318,703

2,015,592

Share-based compensation

$

3,634,171

$

3,837,598

$

7,041,120

$

8,682,867

Weighted Average Assumptions for Options Granted

Three Months Ended

Six Months Ended

March 31,

March 31,

2024

2023

2024

2023

Weighted Average Assumptions:

Expected volatility

109.10%

102.90%

105.59%

98.49%

Expected dividend yield

0.00%

0.00%

0.00%

0.00%

Risk-free interest rate

4.21%

3.84%

4.57%

4.24%

Expected term (in years)

5.6

5.6

5.9

6.0

Fair value of options granted

$

0.44

$

3.63

$

0.55

$

9.10

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, 2023

17,367,643

$

5.28

Granted

437,500

$

0.67

Exercised

$

Forfeited and expired

(782,705)

$

9.07

Outstanding at March 31, 2024

17,022,438

$

4.99

6.53

$

23,750

Exercisable at March 31, 2024

11,870,183

$

4.34

5.65

$