Restricted Stock Plan (Tables)

6 Months Ended

Mar. 31, 2020

The following table summarizes the Company’s pre-tax compensation expense for the three and six months ended March 31, 2020 and 2019, related to the Company’s market-based, time-based and performance-based restricted stock:

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2020		2019		2020		2019
Market-based, restricted stock	$	200,761	$	182,742	$	274,903	$	246,279
Time-based, restricted stock		142,340		104,110		216,713		200,042
Performance-based, restricted stock		-		-		-		-
Total compensation expense	$	343,101	$	286,852	$	491,616	$	446,321

Summary Of Unrecognized Compensation Cost

A summary of the Company’s unrecognized compensation cost for its unvested market-based, time-based and performance-based restricted stock and the weighted-average periods over which the compensation cost is expected to be recognized are shown in the following table:

	As of March 31, 2020
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	88,147		2.30
Time-based, restricted stock		827,501		2.19
Performance-based, restricted stock		-
Total	$	915,648