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11. STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Option Summary

The following is a summary of stock option activity during the three months ended December 31, 2021:

 

 

 

Number of
Option Shares

 

 

Weighted Average
Exercise Price ($)

 

Balance, September 30, 2021

 

 

1,547,029

 

 

 

18.35

 

Options granted

 

 

64,000

 

 

 

20.48

 

Options expired

 

 

(487

)

 

 

35.05

 

Options canceled

 

 

(60,494

)

 

 

19.51

 

Options exercised

 

 

(52,061

)

 

 

5.41

 

Balance, December 31, 2021

 

 

1,497,987

 

 

18.98

 

Fair Value Option, Disclosures

The Black-Scholes model utilized the following inputs to value the options granted during the three months ended December 31, 2021:

 

Fair value assumptions Options:

 

December 31,
2021

 

Risk free interest rate

 

 

1.04

%

Expected term (years)

 

 

5.50

 

Expected volatility

 

 

407

%

Expected dividends

 

 

0

%

Schedule of Restricted Stock Summary

The following table summarizes the performance-based restricted stock units at the maximum award amounts based upon the respective performance share agreements. Actual shares that will vest depend on the attainment of the performance-based criteria.

 

 

 

Number of
Shares

 

 

Weighted
Average
Fair Value
Per Share

 

 

Aggregate
Intrinsic Value

 

Outstanding at September 30, 2021

 

 

10,995

 

 

$

27.73

 

 

$

127,432

 

Granted

 

 

1,100,250

 

 

 

14.70

 

 

 

10,474,380

 

Vested

 

 

(22,635

)

 

 

23.44

 

 

 

624,283

 

Forfeited

 

 

(20,750

)

 

 

20.48

 

 

 

197,540

 

Outstanding at December 31, 2021

 

 

1,067,860

 

 

$

14.56

 

 

$

10,127,922