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16. STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Share-Based Payment Arrangement, Option, Activity | The following is a summary of stock option activity during the fiscal years ended September 30, 2024, 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 |
Options granted |  |  | 611,823 |  |  | $ | 14.70 |
Options expired |  |  | (93,057 | ) |  | $ | 9.38 |
Options forfeited |  |  | (97,246 | ) |  | $ | 8.71 |
Options exercised |  |  | (106,516 | ) |  | $ | 7.07 |
Balance, September 30, 2024 |  |  | 2,285,462 |  |  | $ | 15.58 |
Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity |
|  | Number of Shares |  |  | Weighted Average Fair Value Per Share |  |  | Aggregate Intrinsic Value |
Outstanding at October 1, 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 |
Granted |  |  | 1,493,556 |  |  |  | 9.67 |  |  |  |
Vested |  |  | (5,268,276 | ) |  |  | 4.66 |  |  |  |
Forfeited |  |  | (22,504 | ) |  |  | 5.81 |  |  |  |
Outstanding at September 30, 2024 |  |  | 1,674,211 |  |  | $ | 7.56 |  |  | $ | 12,649 |
Schedule of Fair Value Assumption Restricted Stock Unit | The Black-Scholes model utilized the following inputs to value the options granted during years ended September 30, 2024, 2023 and 2022:
|  | For the year ended September 30,
Fair value assumptions Options: |  | 2024 |  | 2023 |  | 2022
Risk free interest rate |  | 3.46% - 4.82% |  | 2.65% - 4.44% |  | 1.04% - 3.65%
Expected term (years) |  | 5.8 - 6.2 |  | 5.06 - 5.85 |  | 4.99 - 7.35
Expected volatility |  | 122.1% - 176.0% |  | 157.1% - 194.9% |  | 187.2% - 533.0%
Expected dividends |  | 0% |  | 0% |  | 0%
inputs of market-based RSUs for each of the fiscal years in which market-based RSUs were issued were 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% |

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