Annual report pursuant to Section 13 and 15(d)

Shareholders Equity (Share-based Compensation and Share Repurchase Program) (Tables)

v3.24.4
Shareholders Equity (Share-based Compensation and Share Repurchase Program) (Tables)
12 Months Ended
Sep. 30, 2024
Shareholders Equity (Sharebased Compensation and Share Repurchase Program)  
Summary of service plus performance-based awards

 

 

 

 

 

 

 

 

 

Shares granted (b)

 

 

Maximum future shares eligible to be granted (c)

 

Tranche

 

 

Grant Date (a)

 

 

Vesting Date

 

 

Fiscal 2023

 

 

Fiscal 2024

 

 

Fiscal 2025

 

 

Fiscal 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards based on Fiscal 2022 performance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

December 2, 2022

 

 

December 2, 2025

 

 

 

41

 

 

 

 

 

 

 

 

 

 

 

2

 

 

December 1, 2023

 

 

December 2, 2025

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

3

 

 

November 29, 2024

 

 

December 2, 2025

 

 

 

 

 

 

 

 

 

 

 

262

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards based on Fiscal 2023 performance:

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

December 1, 2023

 

 

December 1, 2026

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

2

 

 

November 29, 2024

 

 

December 1, 2026

 

 

 

 

 

 

 

 

 

 

 

55

 

 

 

 

 

3

 

 

November 28, 2025

 

 

December 1, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total shares granted or eligible to be granted in future

 

 

 

41

 

 

 

-

 

 

317

55

 

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, 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

 

Granted

 

 

164

 

 

 

0.54

 

Vested

 

 

(642 )

 

 

0.46

 

Non-vested restricted stock outstanding as of September 30, 2024

 

 

906

 

 

 

0.71

 

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 Fair Value per share ($)

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Total Intrinsic Value of Options ($)

 

Options outstanding as of September 30, 2022

 

 

2,427

 

 

 

1.54

 

 

 

1.26

 

 

 

7.65

 

 

 

88

 

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

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(582 )

 

 

1.25

 

 

 

1.10

 

 

 

-

 

 

 

-

 

Options outstanding as of September 30, 2024

 

 

3,351

 

 

 

1.17

 

 

 

0.93

 

 

 

7.08

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of September 30, 2023

 

 

2,190

 

 

 

1.64

 

 

 

1.31

 

 

 

6.80

 

 

 

23

 

Exercisable as of September 30, 2024

 

 

2,293

 

 

 

1.43

 

 

 

1.13

 

 

 

6.38

 

 

 

-

 

Fair value of stock options granted

 

 

Fiscal 2024

 

 

Fiscal 2023

 

Weighted average fair value of options

 

$ -

 

 

$ 0.52

 

Weighted average risk-free interest rate

 

 

-

 

 

 

4.3%

Weighted average volatility factor

 

 

-

 

 

 

106%

Weighted average expected life (years)

 

 

-

 

 

 

5.9