STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Jun. 30, 2020

STOCK-BASED COMPENSATION

Schedule of stock option activity

A summary of our stock option activity for the nine months ended June 30, 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	(118)	$	1.60	$	1.26
Granted	138	$	4.51	$	3.07
Forfeited	(45)	$	1.62	$	1.23
Outstanding - June 30, 2020	751	$	2.14	$	1.55
Exercisable at June 30, 2020	314

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 nine months ended June 30, 2020 were as follows:

Risk-free interest rate	1.10	%
Dividend yield	0.00	%
Volatility of the expected market price of the Company's common shares	70.8% - 73.7	%
Expected life of the options (years)	8.0

Schedule of restricted share activity

A summary of our restricted share activity for the nine months ended June 30, 2020 is as follows:

	Restricted
	Shares
Outstanding – October 1, 2019	20
Granted	121
Forfeited	(18)
Outstanding – June 30, 2020	123