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13. STOCK WARRANTS

3 Months Ended

Dec. 31, 2020

The following is a summary of stock warrant activity during the three months ended December 31, 2020.

	Number of Warrant Shares		Weighted Average Exercise Price
Balance, September 30, 2020		1,299,065	$	21.78
Warrants granted		—		—
Warrants expired		—		—
Warrants canceled		—		—
Warrants exercised		107,296		1.77
Balance, December 31, 2020		1,191,769	$	23.63

During the three months ended December 31, 2020, a total of 31,096 shares of the Company’s common stock were issued in connection with the exercise of warrants at exercise prices ranging from $3.63 and $8.00.

On December 31, 2020, a total of 73,906 shares of the Company’s common stock were issued in connection with the cashless exercise of 76,200 common stock warrants at an exercise price of $0.83.

As of December 31, 2020, the outstanding warrants have a weighted average remaining term of was 1.50 years and an intrinsic value of $11,130,019.

As of December 31, 2020, there are warrants exercisable to purchase 1,191,769 shares of common stock in the Company and 18,571 unvested warrants outstanding that cannot be exercised until vesting conditions are met. 993,699 of the warrants require a cash investment to exercise as follows, 2,500 require a cash investment of $8.00 per share, 449,865 require a cash investment of $15.00 per share, 125,000 require a cash investment of $20.00 per share, 103,000 require a cash investment of $25.00 per share, 200,000 require an investment of $35.00 per share, 10,000 require an investment of $40.00 per share, 60,000 require an investment of $50.00 per share, 38,333 require a cash investment of $75.00 per share and 5,000 require a cash investment of $100.00 per share. 198,070 of the outstanding warrants contain provisions allowing a cashless exercise at their respective exercise prices.