Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.8.0.1
Share-Based Compensation (Tables)
3 Months Ended
Dec. 31, 2017
Share-Based Compensation [Abstract]  
Recorded Share-Based Compensation Expenses



 

 

 

 

 

 



 

2017

 

2016



 

 

 

 

 

 

Cost of sales

 

$

2,373 

 

$

Selling, general and administrative

 

 

176,229 

 

 

317,311 

Research and development

 

 

28,852 

 

 



 

$

207,454 

 

$

317,311 



Weighted Average Assumptions For Options Granted



 

 

 

 

 

 

Weighted Average Assumptions:

 

 

2017

 

 

2016

Expected Volatility

 

 

60.60% 

 

 

43.76% 

Expected Dividend Yield

 

 

0.00% 

 

 

0.00% 

Risk-free Interest Rate

 

 

2.24% 

 

 

1.62% 

Expected Term (in years)

 

 

5.7 

 

 

6.0 

Fair Value of Options Granted

 

$

0.65 

 

$

0.41 



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, 2017

2,830,805 

 

$

1.27 

 

 

 

 

 

Granted

1,183,051 

 

 

1.15 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

Outstanding at December 31, 2017

4,013,856 

 

$

1.24 

 

9.46 

 

$

76,680 

Exercisable at December 31, 2017

288,750 

 

$

1.90 

 

6.50 

 

$

36,100 



Summary Of Non-Vested Stock Activity



 

 

 

 

 

 



 

 

 

 

 

 



 

 

Weighted Average

 

 



 

 

Grant Date

 

 



Shares

 

Fair Value

 

Vesting Period

Outstanding at September 30, 2017

198,750 

 

$

0.99 

 

 

Granted

 

 

 

 

 

Vested

(190,000)

 

 

 

 

 

Forfeited

 

 

 

 

 

Outstanding at December 31, 2017

8,750 

 

$

1.82 

 

April 2018