EQUITY-BASED INCENTIVE AWARDS (Tables)

12 Months Ended

Sep. 30, 2023

EQUITY-BASED INCENTIVE AWARDS

Schedule of restricted stock unit awards

	Restricted  Stock Units (1)
Date of award:		October 2020
Original number of awards issued:		20,500
Service period:		36 months
Estimated fair value of award at grant date:	$	1,415,000
Non-vested awards outstanding at September 2023:		6,834
Fair value of non-vested awards at September 2023 of approximately:	$	1,408,000

(1) 13,666 of the restricted stock units were vested as of September 2023. The remaining 6,834 restricted stock units will vest in October 2023.

Summary of restricted stock unit awards activity

	Number	Weighted
	of	Average
	Shares	Fair Value
Nonvested restricted stock units at September 2022	18,519	$	210.00
Granted	—		—
Vested	(11,685)		181.92
Expired	—		—
Nonvested restricted stock units at September 2023	6,834	$	206.00

Schedule of restricted stock awards

	Restricted  Stock Awards (1)		Restricted  Stock Awards (2)
Date of award:		October 2021		October 2022
Original number of awards issued:		15,100		15,100
Service period:		36 months		36 months
Estimated fair value of award at grant date:	$	2,089,000		2,824,000
Non-vested awards outstanding at September 2023:		10,067		15,100
Fair value of non-vested awards at September 2023 of approximately:	$	2,074,000		3,111,000

(1) 5,033 of the restricted stock awards were vested as of September 2023. 5,033 restricted stock awards will vest in October 2023 and 5,034 will vest in October 2024.

(2) The 15,100 restricted stock awards will vest in equal amounts in October 2023, October 2024 and October 2025.

Summary of restricted stock awards activity

	Number	Weighted
	of	Average
	Shares	Fair Value
Nonvested restricted stock awards at September 2022	15,100	$	210.00
Granted	15,100		187.02
Vested	(5,033)		186.26
Expired	—		—
Nonvested restricted stock awards at September 2023	25,167	$	206.00