Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.20.4
Share-based Compensation (Tables)
3 Months Ended
Dec. 31, 2020
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 



Three Months Ended



December 31,



2020

 

2019



 

 

 

 

 

Cost of sales

$

16,212 

 

$

14,545 

Selling, general and administrative

 

561,484 

 

 

471,695 

Research and development

 

207,601 

 

 

128,258 

Share-based compensation

$

785,297 

 

$

614,498 



Weighted Average Assumptions for Options Granted



 

 

 

 

 



Three Months Ended



December 31,



2020

 

2019

Weighted Average Assumptions:

 

 

 

 

 

Expected volatility

 

65.81% 

 

 

63.03% 

Expected dividend yield

 

0.00% 

 

 

0.00% 

Risk-free interest rate

 

0.51% 

 

 

1.67% 

Expected term (in years)

 

5.9 

 

 

5.9 

Fair value of options granted

$

1.58 

 

$

1.11 



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, 2020

8,599,000 

 

$

1.67 

 

 

 

 

 

Granted

2,407,100 

 

$

2.75 

 

 

 

 

 

Exercised

(468,611)

 

$

1.33 

 

 

 

 

 

Forfeited and expired

(62,535)

 

$

1.79 

 

 

 

 

 

Outstanding at December 31, 2020

10,474,954 

 

$

1.94 

 

8.24

 

$

70,324,759 

Exercisable at December 31, 2020

5,259,198 

 

$

1.61 

 

7.45

 

$

37,027,670