STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Dec. 31, 2019

A summary of our stock option activity for the three months ended December 31, 2019 is as follows (in thousands except for share prices):


		Weighted-		Weighted-
		Average		Average
	Options	Exercise		Grant Date
	(shares)	Price		Fair Value

Outstanding - October 1, 2019	776	$	1.61	$	1.22
Exercised	—
Granted	11	$	4.64	$	3.14
Forfeited	(2)	$	1.56
Outstanding - December 31, 2019	785	$	1.65	$	1.25

Exercisable at December 31, 2019	223

Schedule of weighted-average assumptions used to compute the fair value of the options granted

The weighted-average assumptions used to compute the fair value of the options granted in the three months ended December 31, 2019 were as follows:


Risk-free interest rate	1.77	%
Dividend yield	0.00	%
Volatility of the expected market price of the Company's common shares	71.0%-71.5	%
Expected life of the options (years)	8.0

Schedule of restricted share activity

During the three months ended December 31, 2019, we granted a total of 54 restricted shares to members of the Company's leadership team. A summary of our restricted share activity for the three months ended December 31, 2019 is as follows:


		Restricted
		Shares

Outstanding – September 30, 2019		20
Granted		54
Forfeited		—
Outstanding - December 31, 2019		74