STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Mar. 31, 2021

STOCK-BASED COMPENSATION

Schedule of stock option activity

A summary of the Company’s stock option activity for the six months ended March 31, 2021 is as follows (in thousands except for share prices):

		Weighted-
		Average
	Options	Exercise
	(shares)	Price
Outstanding - October 1, 2020	712	$	2.21
Granted	43	$	10.12
Exercised	(60)	$	1.86
Forfeited	(22)	$	3.99
Expired	(2)	$	2.02
Outstanding - March 31, 2021	671	$	2.69
Exercisable at March 31, 2021	392	$	1.82

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, 2021 were as follows:

Risk-free interest rate	0.40	%
Dividend yield	0.00	%
Volatility of the expected market price of the Company’s common shares	76.56	%
Expected life of the options (years)	5.95

Schedule of restricted share activity

A summary of restricted share activity for the six months ended March 31, 2021 is as follows:

		Weighted-
		Average
	Restricted	Grant Date
	Shares	Fair Value
Outstanding – September 30, 2020	128	$	3.88
Granted	132	$	8.74
Vested	(10)	$	1.28
Forfeited	(2)		6.63
Outstanding – March 31, 2021	248	$	6.54