Restricted Stock Plan

9 Months Ended

Jun. 30, 2021

Restricted Stock Plan [Abstract]

Restricted Stock Plan

NOTE 7: Restricted Stock Plan

Compensation expense for the restricted stock awards is recognized in G&A. Forfeitures of awards are recognized when they occur. The following table summarizes the Company’s pre-tax compensation expense for the three and nine months ended June 30, 2021 and 2020 related to the Company’s market-based, time-based and performance-based restricted stock:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Market-based, restricted stock	$	79,118	$	10,247	$	168,483	$	285,150
Time-based, restricted stock		179,408		117,949		374,191		334,662
Performance-based, restricted stock		-		-		-		-
Total compensation expense	$	258,526	$	128,196	$	542,674	$	619,812

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 is shown in the following table:

	As of June 30, 2021
	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	725,627		2.43
Time-based, restricted stock		552,371		1.01
Performance-based, restricted stock		-
Total	$	1,277,998