Restricted Stock Plan and Long Term Incentive Plan (Tables)

12 Months Ended

Sep. 30, 2021

The following table summarizes the Company’s pre-tax compensation expense for the years ended September 30, 2021, 2020 and 2019, related to the Company’s market-based, time-based and performance-based restricted stock:

	Year Ended September 30,
	2021		2020		2019
Market-based, restricted stock	$	247,601	$	295,397	$	367,091
Time-based, restricted stock	$	553,599	$	448,500		404,706
Performance-based, restricted stock		-		-		-
Total compensation expense	$	801,200	$	743,897	$	771,797

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:

	Unrecognized Compensation Cost		Weighted Average Period (in years)
Market-based, restricted stock	$	646,509		2.20
Time-based, restricted stock		372,963		0.88
Performance-based, restricted stock		-
Total	$	1,019,472

Summary Of Status And Changes In Unvested Shares Of Restricted Stock Awards

A summary of the status of, and changes in, unvested shares of restricted stock awards is presented below:

	Market-Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value		Time-Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value		Performance-Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value
Unvested shares as of September 30, 2018		92,704		$	11.00		28,667		$	20.40		-		$	-

Granted		43,287			8.24		27,978			15.61		-			-
Vested		-			-		(24,785	)		18.30		-			-
Forfeited		(89,321	)		10.08		(13,153	)		18.23		-			-
Unvested shares as of September 30, 2019		46,670		$	10.21		18,707		$	17.54		-		$	-

Granted		39,579			8.83		102,154			9.21		39,579			-
Vested		-			-		(20,410	)		13.35		-			-
Forfeited		(24,779	)		11.34		(9,929	)		13.93		(4,765	)		-
Unvested shares as of September 30, 2020		61,470		$	8.87		90,522		$	9.49		34,814		$	-

Granted		303,750			2.72		125,000			3.17		-			-
Vested		-			-		(9,860	)		14.08		-			-
Forfeited		(9,071	)		11.34		(2,562	)		13.00		-			-
Unvested shares as of September 30, 2021		356,149			3.56		203,100			5.33		34,814			-