Annual report pursuant to Section 13 and 15(d)

Shareholders Equity and Share-based Compensation (Tables)

v3.23.4
Shareholders Equity and Share-based Compensation (Tables)
12 Months Ended
Sep. 30, 2023
Shareholders Equity and Share-based Compensation  
Summary of restricted stock activity

 

 

Number of Shares

 

 

Weighted Average

Fair Value ($)

 

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

 

 

1,442

 

 

 

0.60

 

Granted

 

 

100

 

 

 

0.53

 

Vested

 

 

(350 )

 

 

0.52

 

Non-vested restricted stock outstanding as of September 30, 2022

 

 

1,192

 

 

 

0.61

 

Granted

 

 

742

 

 

 

0.79

 

Forfeited

 

 

(100 )

 

 

0.53

 

Vested

 

 

(450 )

 

 

0.85

 

Non-vested restricted stock outstanding as of September 30, 2023

 

 

1,384

 

 

 

0.62

 

Summary of stock option activity

 

 

Number of Shares

 

 

Weighted Average Exercise Price

per share ($)

 

 

Weighted Average

Fair Value

per share ($)

 

 

Weighted Average Remaining

Contractual

Life (Years)

 

 

Total Intrinsic

Value of

Options ($)

 

Options outstanding as of September 30, 2021

 

 

1,672

 

 

 

2.14

 

 

 

1.73

 

 

 

7.35

 

 

 

4

 

Granted

 

 

940

 

 

 

0.59

 

 

 

0.55

 

 

 

-

 

 

 

3

 

Forfeited

 

 

(185 )

 

 

1.05

 

 

 

1.91

 

 

 

-

 

 

 

2

 

Options outstanding as of September 30, 2022

 

 

2,427

 

 

 

1.54

 

 

 

1.26

 

 

 

7.65

 

 

 

30

 

Granted

 

 

1,720

 

 

 

0.64

 

 

 

0.52

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(214 )

 

 

0.94

 

 

 

0.86

 

 

 

-

 

 

 

3

 

Options outstanding as of September 30, 2023

 

 

3,933

 

 

 

1.18

 

 

 

0.96

 

 

 

7.96

 

 

 

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of September 30, 2022

 

 

1,111

 

 

 

2.58

 

 

 

2.02

 

 

 

5.82

 

 

 

13

 

Exercisable as of September 30, 2023

 

 

2,190

 

 

 

1.64

 

 

 

1.31

 

 

 

6.80

 

 

 

23

 

Fair value of stock options granted

 

 

2023

 

 

2022

 

Weighted average fair value of options

 

$ 0.52

 

 

$ 0.55

 

Weighted average risk-free interest rate

 

 

4.3%

 

 

2.8%

Weighted average volatility factor

 

 

106%

 

 

112%

Weighted average expected life (years)

 

 

5.9

 

 

 

10.0