Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.22.4
Share-based Compensation (Tables)
3 Months Ended
Dec. 31, 2022
Share-based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses

Three Months Ended

December 31,

2022

2021

Cost of sales

$

64,008

$

21,076

Selling, general and administrative

3,612,099

1,395,558

Research and development

1,169,162

463,794

Share-based compensation

$

4,845,269

$

1,880,428

Weighted Average Assumptions for Options Granted

Three Months Ended

December 31,

2022

2021

Weighted Average Assumptions:

Expected volatility

98.43%

77.39%

Expected dividend yield

0.00%

0.00%

Risk-free interest rate

4.25%

1.33%

Expected term (in years)

6.0

6.0

Fair value of options granted

$

9.17

$

5.60

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

2,703,800

$

11.47

Exercised

(114,234)

$

2.25

Forfeited and expired

(4,566)

$

9.78

Outstanding at December 31, 2022

16,848,470

$

6.06

7.54

$

30,099,241

Exercisable at December 31, 2022

9,389,548

$

2.69

6.19

$

28,636,365