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Share-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2022
Restricted Stock Units  
Share-Based Compensation  
Schedule of restricted stock units

    

Non-vested

    

Weighted Average

Stock Awards

Share Price

Balance at September 30, 2020

 

27,488

$

5.82

Granted

 

25,396

 

6.30

Issued

 

(27,488)

 

5.82

Cancelled

 

 

Balance at September 30, 2021

 

25,396

$

6.30

Granted

 

38,986

 

6.52

Issued

 

(27,425)

 

6.32

Cancelled

 

(4,059)

 

6.57

Balance at September 30, 2022

 

32,897

$

6.51

2019 Plan  
Share-Based Compensation  
Schedule of option activity

    

    

Weighted

    

Average

Aggregate

Exercise

Intrinsic

Options

Price

Value

Outstanding at September 30, 2020

 

100,000

$

7.10

$

Granted

 

 

Exercised

 

 

Cancelled

 

 

Outstanding at September 30, 2021

 

100,000

$

7.10

$

Granted

 

 

Exercised

 

(42,416)

8.26

 

64,896

Cancelled

 

 

Outstanding at September 30, 2022

 

57,584

$

7.10

$

88,104

Vested and expected to vest

 

57,584

$

7.10

$

88,104

Options exercisable at September 30, 2022

 

57,584

$

7.10

$

88,104

Schedule of information about stock options

Options Outstanding

Options Exercisable

Outstanding

Weighted-

As of

Average

Weighted-

As of

Weighted-

Range of Exercise

September 30, 

Remaining

Average

 September 30,

Average

Prices

    

2022

    

Contractual Life

    

Exercise Price

    

2022

    

Exercise Price

$0.00 - $9.00

 

57,584

 

7.9

$

7.10

 

57,584

$

7.10

Schedule of fair value assumptions used to record compensation expense

    

Fiscal Year Ended September 30,

 

    

2022 (1)

    

2021 (1)

    

2020

 

Expected dividend rate

 

 

Expected volatility

%  

%  

58.4

%

Weighted average risk-free interest rate

%  

%  

0.3

%

Expected lives (years)

 

 

5.5

(1)The Company did not grant any options in fiscal 2022 and 2021.