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STOCK COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2021
STOCK COMPENSATION  
Schedule of expenses for options issued or vested and restricted stock awarded

 

 

Year Ended September 30,

 

 

 

2021

 

 

2020

 

Employees

 

$13,685,046

 

 

$10,112,968

 

Non-employees

 

$1,226,690

 

 

$862,796

 

Schedule of fair value of each option granted

 

 

2021

 

 

2020

 

Expected stock price volatility

 

90.42 – 97.22%

 

 

87.36 – 90.26%

 

Risk-free interest rate

 

0.85 – 1.65%

 

 

0.62 – 1.87%

 

Expected life of options

 

9.68 – 9.69 Years

 

 

9.68 – 9.69 Years

 

Expected dividend yield

 

 

-

 

 

 

-

 

Schedule of non-qualified and incentive stock option plans

 

 

Outstanding

 

 

Exercisable

 

 

 

Number of Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (Years)

 

 

Aggregate Intrinsic Value

 

 

Number of Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (Years)

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,401,961

 

 

$6.26

 

 

 

 

 

 

 

 

 

Granted (a)

 

 

2,605,000

 

 

$20.58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

149,788

 

 

$4.98

 

 

 

 

 

 

 

 

 

 

 

149,788

 

 

$4.98

 

 

 

 

 

 

 

 

 

Forfeited

 

 

49,832

 

 

$9.56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

9,374

 

 

$172.73

 

 

 

 

 

 

 

 

 

 

 

9,374

 

 

$172.73

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2021

 

 

11,049,709

 

 

$10.08

 

 

 

7.93

 

 

$54,843,283

 

 

 

5,540,028

 

 

$5.77

 

 

 

6.96

 

 

$43,589,598

 

Schedule of non-vested options

 

 

Number of Options

 

 

Weighted Average Grant Date Fair Value

 

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

 

Vested

 

 

(2,401,961)

 

 

 

 

Granted

 

 

2,605,000

 

 

 

 

 

Forfeited

 

 

(49,832)

 

 

 

 

Unvested at September 30, 2021

 

 

5,509,681

 

 

$5.17

 

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, 2019

 

 

304,500

 

 

$13.75

 

Forfeited

 

 

-

 

 

 

 

 

Vested

 

 

-

 

 

 

 

 

Unvested at September 30, 2020

 

 

304,500

 

 

$13.75

 

Forfeited

 

 

(2,000)

 

 

 

 

Vested

 

 

(151,250)

 

 

 

 

Unvested at September 30, 2021

 

 

151,250

 

 

$13.75