Annual report [Section 13 and 15(d), not S-K Item 405]

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

v3.25.3
Shareholders Equity (Share-based Compensation and Share Repurchase Program) (Tables)
12 Months Ended
Sep. 30, 2025
Shareholders Equity (Share-based 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

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards based on Fiscal 2023 performance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

December 1, 2023

 

 

December 1, 2026

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

2

 

 

November 29, 2024

 

 

December 1, 2026

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

3

 

 

December 1, 2025

 

 

December 1, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total shares granted or eligible to be granted in future

 

 

 

 

 

 

41

 

 

 

-

 

 

-

55

 

Summary of restricted stock activity

 

 

Number of Shares

 

 

Weighted Average Fair Value ($)

 

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

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

-

 

 

 

-

 

Non-vested restricted stock outstanding as of September 30, 2025

 

 

906

 

 

 

0.71

 

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, 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

 

 

 

-

 

Granted

 

 

1,550

 

 

 

0.22

 

 

 

0.17

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(489 )

 

 

1.68

 

 

 

0.92

 

 

 

-

 

 

 

-

 

Options outstanding as of September 30, 2025

 

 

4,412

 

 

 

0.78

 

 

 

0.68

 

 

 

7.28

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of September 30, 2024

 

 

2,293

 

 

 

1.43

 

 

 

1.13

 

 

 

6.38

 

 

 

-

 

Exercisable as of September 30, 2025

 

 

2,970

 

 

 

0.98

 

 

 

0.87

 

 

 

6.55

 

 

 

-

 

Schedule of fair value of stock options granted

 

 

Fiscal 2025

 

 

Fiscal 2024

 

Weighted average fair value of options

 

$ 0.22

 

 

$ -

 

Weighted average risk-free interest rate

 

 

4.3%

 

 

-

 

Weighted average volatility factor

 

 

96.5%

 

 

-

 

Weighted average expected life

 

5.9 years

 

 

 

-