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14. STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Option Summary

The following is a summary of stock option activity during the six months ended March 31, 2024:

 

 

Number of
Option Shares

 

 

Weighted Average
Exercise Price ($)

 

Balance, September 30, 2023

 

 

1,970,458

 

 

$

14.86

 

Options granted

 

 

90,000

 

 

$

8.99

 

Options expired

 

 

(82,413

)

 

$

8.92

 

Options canceled/forfeited

 

 

(31,073

)

 

$

6.00

 

Options exercised

 

 

(71,612

)

 

$

7.56

 

Balance, March 31, 2024

 

 

1,875,360

 

 

$

15.27

 

Fair Value Option, Disclosures

The Black-Scholes model utilized the following inputs to value the options granted during the six months ended March 31, 2024:

 

Fair value assumptions Options:

 

March 31, 2024

 

Risk free interest rate

 

3.94% - 4.82%

 

Expected term (years)

 

5.77 - 6.16

 

Expected volatility

 

122.05% - 176.02%

 

Expected dividends

 

 

0

%

Schedule of Restricted Stock Summary

The following table summarizes the activity for all RSUs during the six months ended March 31, 2024:

 

 

Number of
Shares

 

 

Weighted
Average
Fair Value
Per Share

 

 

Aggregate
Intrinsic Value

 

Outstanding at September 30, 2023

 

 

5,471,435

 

 

$

4.18

 

 

$

20,846

 

Granted

 

 

209,972

 

 

 

3.81

 

 

 

 

Vested

 

 

(3,763,915

)

 

 

3.86

 

 

 

 

Forfeited

 

 

(2,504

)

 

 

4.15

 

 

 

 

Outstanding at March 31, 2024

 

 

1,914,988

 

 

$

4.78

 

 

$

40,617