XML 52 R39.htm IDEA: XBRL DOCUMENT
v3.23.3

14. STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2023
Equity [Abstract] |
Schedule of Share-Based Payment Arrangement, Option, Activity | The following is a summary of stock option activity during the year ended September 30, 2023 and 2022:
|  | Number of Option Shares |  |  | Weighted Average Exercise Price ($) |
Balance, September 30, 2021 |  |  | 1,547,029 |  |  | $ | 18.35 |
Options granted |  |  | 215,750 |  |  | $ | 14.47 |
Options expired |  |  | — |  |  | $ | - |
Options canceled/forfeited |  |  | (238,418 | ) |  | $ | 15.40 |
Options exercised |  |  | (105,423 | ) |  | $ | 7.43 |
Balance, September 30, 2022 |  |  | 1,418,938 |  |  | $ | 19.11 |
Options granted |  |  | 789,750 |  |  | $ | 5.72 |
Options expired |  |  | (44,600 | ) |  | $ | 6.05 |
Options canceled/forfeited |  |  | (193,630 | ) |  | $ | 10.77 |
Options exercised |  |  | — |  |  | $ | - |
Balance, September 30, 2023 |  |  | 1,970,458 |  |  | $ | 14.86 |
Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity | 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 |  |  | $ | — |
Granted |  |  | 7,306,250 |  |  |  | 7.18 |  |  |  |
Vested |  |  | (1,757,938 | ) |  |  | 13.37 |  |  |  |
Forfeited |  |  | (110,759 | ) |  |  | 15.27 |  |  |  |
Outstanding at September 30, 2022 |  |  | 5,448,548 |  |  | $ | 4.93 |  |  | $ | 17,326 |
Granted |  |  | 3,880,552 |  |  |  | 3.65 |  |  |  |
Vested |  |  | (3,813,617 | ) |  |  | 4.58 |  |  |  |
Cancelled |  |  | (40,000 | ) |  |  | - |  |  |  |
Forfeited |  |  | (4,048 | ) |  |  | 29.34 |  |  |  |
Outstanding at September 30, 2023 |  |  | 5,471,435 |  |  | $ | 4.18 |  |  | $ | 20,846 |
Schedule of Fair Value Assumption Restricted Stock Unit | The Black-Scholes model utilized the following inputs to value the options granted during year ended September 30, 2023:
Fair value assumptions Options: |  | September 30, 2023 |
Risk free interest rate |  | 2.65% - 4.44% |
Expected term (years) |  | 5.06 - 5.85 |
Expected volatility |  | 157.1% - 194.9% |
Expected dividends |  |  | 0 | %
The Black-Scholes model utilized the following inputs to value the options granted during year ended September 30, 2022:
Fair value assumptions Options: |  | September 30, 2022 |
Risk free interest rate |  | 1.04% - 3.65% |
Expected term (years) |  | 4.99 - 7.35 |
Expected volatility |  | 187.2% - 533.0% |
Expected dividends |  |  | 0 | %
The inputs of market-based RSUs for each of the fiscal years are as follows:
Fair value assumptions - Market-based RSUs granted: |  | September 30, 2023 |  |  | September 30, 2022
Risk free interest rate |  |  | 4.59 | % |  | 0.14% - 1.26%
Expected term (years) |  |  | 10.00 |  |  | 1.00 - 5.00
Expected volatility |  |  | 129.70 | % |  | 111.37% - 172.18%
Cost of equity |  |  | 21.55 | % |  | 20.00% - 21.00%

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration