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STOCK COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2020
STOCK COMPENSATION  
Schedule of expenses for options issued or vested and restricted stock awarded

 

 

 Year Ended September 30,

 

 

 

2020

 

 

2019

 

Employees

 

$

10,112,968

 

 

$

4,428,174

 

Non-employees

 

$

862,796

 

 

$

856,025

 

Schedule of fair value of each option granted

 

 

2020

 

2019

Expected stock price volatility

 

87.36 – 90.26%

 

87.67 – 92.84%

Risk-free interest rate

 

0.62 – 1.87%

 

1.62 – 2.82%

Expected life of options

 

9.68 – 9.69 Years

 

9.67 – 9.68 Years

Expected dividend yield

 

-

 

-

Schedule of non-qualified and incentive stock option plans

 

 

Outstanding

 

 

Exercisable

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

Average

 

 

Ave

Remaining Contractual

 

 

Aggregate

 

 

 

 

 

Weighted

Average

 

 

Ave

Remaining

Contractual

 

 

Aggregate

 

 

 

Number of

 

 

Exercise 

 

 

Term

 

 

 Intrinsic

 

 

Number of

 

 

Exercise 

 

 

Term  

 

 

 Intrinsic

 

 

 

Shares

 

 

 Price

 

 

(Years)

 

 

Value

 

 

Shares

 

 

 Price

 

 

(Years)

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2018

 

 

3,160,127

 

 

$7.30

 

 

 

8.88

 

 

$4,761,973

 

 

 

577,694

 

 

$26.18

 

 

 

6.74

 

 

$604.763

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

945,359

 

 

$2.56

 

 

 

 

 

 

 

 

 

Granted

 

 

3,271,362

 

 

$5.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised (a)

 

 

65,997

 

 

$2.28

 

 

 

 

 

 

 

 

 

 

 

65,997

 

 

$2.28

 

 

 

 

 

 

 

 

 

Forfeited

 

 

82,461

 

 

$17.89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired (b)

 

 

64,815

 

 

$71.86

 

 

 

 

 

 

 

 

 

 

 

64,815

 

 

$71.86

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2019

 

 

6,218,216

 

 

$5.54

 

 

 

8.88

 

 

$29,562,594

 

 

 

1,392,241

 

 

$9.15

 

 

 

7.68

 

 

$7,869,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,014,501

 

 

$4.06

 

 

 

 

 

 

 

 

 

Granted

 

 

2,563,000

 

 

$10.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

99,740

 

 

$3.39

 

 

 

 

 

 

 

 

 

 

 

99,740

 

 

$3.39

 

 

 

 

 

 

 

 

 

Forfeited

 

 

18,000

 

 

$10.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

9,773

 

 

$132.75

 

 

 

 

 

 

 

 

 

 

 

9,773

 

 

$132.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

8,653,703

 

 

$7.01

 

 

 

8.39

 

 

$56,193,415

 

 

 

3,297,229

 

 

$5.85

 

 

 

7.48

 

 

$29,090,662

 

Schedule of non-vested options

 

 

Number of

Options

 

 

Weighted

Average Grant

Date Fair Value

 

Unvested at October 1, 2018

 

 

2,582,433

 

 

$2.48

 

Vested

 

 

(945,359)

 

 

 

 

Granted

 

 

3,271,362

 

 

 

 

 

Forfeited

 

 

(82,461)

 

 

 

 

Unvested at September 30, 2019

 

 

4,825,975

 

 

$3.79

 

Vested

 

 

(2,014,501)

 

 

 

 

Granted

 

 

2,563,000

 

 

 

 

 

Forfeited

 

 

(18,000)

 

 

 

 

Unvested at September 30, 2020

 

 

5,356,474

 

 

$4.76

 

Schedule of restricted common stock issued from the incentive stock bonus plan

 

 

Number of

Shares

 

 

Weighted Average Grant Date Fair

Value

 

 

 

 

 

 

 

 

Unvested at September 30, 2018

 

 

312,000

 

 

$13.75

 

Forfeited

 

 

(7,500)

 

 

 

 

Vested

 

 

-

 

 

 

 

 

Unvested at September 30, 2019

 

 

304,500

 

 

$13.75

 

Forfeited

 

 

-

 

 

 

 

 

Vested

 

 

-

 

 

 

 

 

Unvested at September 30, 2020

 

 

304,500

 

 

$13.75