Equity and Stock-Based Compensation (Tables)

3 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

The following table summarizes our stock option activity during the three months ended December 31, 2020:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period		696,665		$	7.00
Granted		180,000			5.60
Exercised		(28,250	)		4.79
Forfeited		(30,665	)		14.07
Outstanding at end of period		817,750		$	6.50
Exercisable at end of period		596,002		$	6.83
Weighted average fair value of options granted    during the period	$	2.97

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:

	Three Months Ended December 31, 2020
Risk free interest rate		1	%
Expected life	6 years
Dividend rate		—	%
Volatility		58	%