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Restricted Stock Plan (Tables)
3 Months Ended
Dec. 31, 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 months ended December 31, 2021 and 2020 related to the Company’s market-based, time-based and performance-based restricted stock:

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Market-based, restricted stock

 

$

77,482

 

 

$

10,247

 

Time-based, restricted stock

 

 

178,362

 

 

 

112,731

 

Performance-based, restricted stock

 

 

-

 

 

 

-

 

Total compensation expense

 

$

255,844

 

 

$

122,978

 

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 December 31, 2021

 

 

 

Unrecognized Compensation Cost

 

 

Weighted Average Period (in years)

 

Market-based, restricted stock

 

$

569,027

 

 

 

1.97

 

Time-based, restricted stock

 

 

194,601

 

 

 

0.96

 

Performance-based, restricted stock

 

 

-

 

 

 

 

 

Total

 

$

763,628