Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v3.21.4
Equity (Tables)
 12 Months Ended
Sep. 30, 2021
Equity  
Summary of restricted stock activity

A summary of restricted stock activity is presented as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

Shares

 

 

Weighted Average Fair Value ($)

 

Non-vested restricted stock outstanding as of September 30, 2019

 

 

 1,500

 

 

 

 1.76

 

Granted

 

 

 450

 

 

 

 0.85

 

Issued

 

 

 (500 )

 

 

 2.21

 

Non-vested restricted stock outstanding as of September 30, 2020

 

 

 1,450

 

 

 

 1.32

 

Granted

 

 

 642

 

 

 

 0.46

 

Forfeited

 

 

 (50 )

 

 

 0.52

 

Issued

 

 

 (600 )

 

 

 2.21

 

Non-vested restricted stock outstanding as of September 30, 2021

 

 

 1,442

 

 

 

 0.60

 
Summary of Warrants, granted or exercised

A summary of warrant activity is presented as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Number of

Shares

 

 

Weighted Average Exercise Price Per Share ($)

 

 

Weighted Average Remaining Contractual Life

 

 

Total Intrinsic Value of Warrants ($)

 

Warrants outstanding as of September 30, 2019

 

 

 439

 

 

 

 4.09

 

 

 

 1.39

 

 

 

 -

 

Granted

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

Expired

 

 

 (362 )

 

 

 4.53

 

 

 

 -

 

 

 

 -

 

Warrants outstanding as of September 30, 2020

 

 

 77

 

 

 

 2.00

 

 

 

 4.50

 

 

 

 -

 

Granted

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

Expired

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

Warrants outstanding as of September 30, 2021

 

 

 77

 

 

 

 2.00

 

 

 

 3.50

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants exercisable as of September 30, 2020

 

 

 77

 

 

 

 2.00

 

 

 

 4.50

 

 

 

 -

 

Warrants exercisable as of September 30, 2021

 

 

 77

 

 

 

 2.00

 

 

 

 3.50

 

 

 

 -

 
Summary of stock option activity

A summary of stock option activity is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

Shares

 

 

Weighted Average Exercise Price per share ($)

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Total Intrinsic Value of Options ($)

 

Options outstanding as of September 30, 2019

 

 

 1,734

 

 

 

 3.22

 

 

 

 7.84

 

 

 

 -

 

Granted

 

 

 75

 

 

 

 0.54

 

 

 

 -

 

 

 

 -

 

Forfeited

 

 

 (555 )

 

 

 3.68

 

 

 

 -

 

 

 

 -

 

Options outstanding as of September 30, 2020

 

 

 1,254

 

 

 

 2.85

 

 

 

 7.34

 

 

 

 -

 

Granted

 

 

 525

 

 

 

 0.57

 

 

 

 -

 

 

 

 -

 

Forfeited

 

 

 (107 )

 

 

 2.79

 

 

 

 -

 

 

 

 -

 

Options outstanding as of September 30, 2021

 

 

 1,672

 

 

 

 2.14

 

 

 

 7.35

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of  September 30, 2020

 

 

 749

 

 

 

 3.43

 

 

 

 6.78

 

 

 

 -

 

Exercisable as of  September 30, 2021

 

 

 890

 

 

 

 3.14

 

 

 

 6.08

 

 

 

 -

 
Fair value of stock options granted

 

 

2021

 

 

2020

 

Weighted average fair value of options

 

 $ 0.53

 

 

 $ 0.49

 

Weighted average risk-free interest rate

 

 

 1.64 %

 

 

 0.71 %

Weighted average volatility factor

 

 

 114 %

 

 

 108 %

Weighted average expected life (years)

 

 

 7.35

 

 

 

 7.34