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Stock-Based Compensation
 6 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Plan Information
The 2015 Incentive Stock Plan (the “Plan”) provides for awards of stock options and restricted stock to officers, directors, key employees and consultants. At March 31, 2022, 2,100,415 shares of common stock were reserved for stock award grants under the Plan.  Of these reserved shares, 217,029 shares were available for future grants.
Stock Options
As of September 30, 2021, there were 50,000 stock options with a weighted average exercise price of $1.28 per share and an aggregate intrinsic value of $54,000 outstanding under the Plan. There were no stock options granted, exercised, expired or forfeited during the six months ended March 31, 2022. As of March 31, 2022, 50,000 stock options remained outstanding and exercisable, with an average exercise price of $1.28 per share and an aggregate intrinsic value of $7,500.
Restricted stock awards
A summary of the Company's non-vested restricted share awards (RSA) at March 31, 2022 and changes during the quarter ended March 31, 2022 is presented in the following table (in thousands, except shares):
SharesFair Value
Non-vested at December 31, 2021737,634 $1,768 
Granted40,000 53 
Vested (144,847)(370)
Forfeited(36,000)(74)
Non-vested at March 31, 2022596,787 $1,377 
During the three month period ended March 31, 2022 and 2021, compensation expenses related to share-based arrangements including restricted stock and stock option awards, were $0.2 million and $0.2 million, respectively.
During the six month period ended March 31, 2022 and 2021, compensation expenses related to share-based arrangements including restricted stock and stock option awards, were $0.5 million and $0.6 million respectively.
The Company did not recognize a tax benefit for compensation expense recognized during the three and six month period ended March 31, 2022 and 2021.
At March 31, 2022, unrecognized compensation expense related to non-vested share-based compensation awards not yet recognized in the consolidated statements of operations was $0.6 million. That cost is expected to be recognized over a period of 2.9 years.