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Restricted Stock Plan (Tables)
9 Months Ended
Jun. 30, 2021
Restricted Stock Plan [Abstract]  
Summary of Pre-Tax Compensation Expense 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

 

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 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