Equity and Stock-Based Compensation (Tables)

9 Months Ended

Jun. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

The following table summarizes our stock option activity during the nine months ended June 30, 2020:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period		1,068,665		$	7.04
Granted		32,500			5.34
Exercised		(145,375	)		5.50
Forfeited		(215,894	)		7.65
Outstanding at end of period		739,896		$	7.08
Exercisable at end of period		630,773		$	7.36
Weighted average fair value of options granted    during the period	$	2.89

Schedule of Fair Value of Stock Option Using Black-Scholes Option Pricing Model

The fair value of options was estimated at the applicable grant date using the Black-Scholes option pricing model with the following assumptions:

	Nine Months Ended June 30, 2020
Risk free interest rate		1	%
Expected life	6 years
Dividend rate		—	%
Volatility		58	%