Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.19.3.a.u2
Share-based Compensation (Tables)
3 Months Ended
Dec. 31, 2019
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 

 



Three Months Ended

 



December 31,

 



2019

 

2018

 



 

 

 

 

 

 

Cost of sales

$

14,545 

 

$

7,952 

 

Selling, general and administrative

 

471,695 

 

 

327,009 

 

Research and development

 

128,258 

 

 

82,295 

 

Share-based compensation

$

614,498 

 

$

417,256 

 



Weighted Average Assumptions for Options Granted



 

 

 

 

 



Three Months Ended



December 31,



2019

 

2018

Weighted Average Assumptions:

 

 

 

 

 

Expected volatility

 

63.03% 

 

 

67.61% 

Expected dividend yield

 

0.00% 

 

 

0.00% 

Risk-free interest rate

 

1.67% 

 

 

2.75% 

Expected term (in years)

 

5.9 

 

 

5.5 

Fair value of options granted

$

1.11 

 

$

0.83 



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, 2019

7,027,989 

 

$

1.58 

 

 

 

 

 

Granted

2,140,327 

 

$

1.92 

 

 

 

 

 

Exercised

(1,666)

 

$

1.05 

 

 

 

 

 

Forfeited

(158,201)

 

$

1.50 

 

 

 

 

 

Outstanding at December 31, 2019

9,008,449 

 

$

1.66 

 

8.22

 

$

15,215,966 

Exercisable at December 31, 2019

3,358,771 

 

$

1.45 

 

7.21

 

$

6,387,894