STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Mar. 31, 2020

STOCK-BASED COMPENSATION

Schedule of stock option activity

A summary of our stock option activity for the six months ended March 31, 2020 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	(42)	$	1.71	$	1.35
Granted	73	$	4.73	$	3.44
Forfeited	(5)	$	1.63	$	1.24
Outstanding - March 31, 2020	802	$	1.89	$	1.41
Exercisable at March 31, 2020	336

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 six months ended March 31, 2020 were as follows:

Risk-free interest rate	1.61	%
Dividend yield	0.00	%
Volatility of the expected market price of the Company's common shares	70.8%-71.5	%
Expected life of the options (years)	8.0

Schedule of restricted share activity

A summary of our restricted share activity for the six months ended March 31, 2020 is as follows:

	Restricted
	Shares
Outstanding – October 1, 2019	20
Granted	81
Forfeited	—
Outstanding – March 31, 2020	101