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13. STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Option Summary

The following is a summary of stock option activity during the nine months ended June 30, 2025:

 

Number of
Option Shares

 

 

Weighted Average
Exercise Price ($)

 

Balance, September 30, 2024

 

 

2,285,462

 

 

$

15.58

 

Options granted

 

 

309,330

 

 

$

9.61

 

Options expired

 

 

(136,521

)

 

$

14.52

 

Options forfeited

 

 

(96,706

)

 

$

12.79

 

Options exercised

 

 

(93,435

)

 

$

5.35

 

Balance, June 30, 2025

 

 

2,268,130

 

 

$

15.37

 

 

Fair Value Option, Disclosures

The Black-Scholes model utilized the following inputs to value the options granted during the nine months ended June 30, 2025:

Fair value assumptions Options:

 

June 30, 2025

Risk free interest rate

 

3.56% - 4.65%

Expected term (years)

 

1.00 - 6.32

Expected volatility

 

121.01% - 122.88%

Expected dividends

 

0%

Schedule of Restricted Stock Summary

The following table summarizes the activity for all restricted stock units (“RSUs”) during the nine months ended June 30, 2025:

 

Number of
Shares

 

 

Weighted
Average
Fair Value
Per Share

 

 

Aggregate
Intrinsic Value

 

Outstanding at September 30, 2024

 

 

1,674,211

 

 

$

7.56

 

 

$

12,649

 

Granted

 

 

2,590,551

 

 

$

7.72

 

 

 

 

Vested

 

 

(180,145

)

 

$

9.22

 

 

 

 

Forfeited

 

 

(42,264

)

 

$

7.47

 

 

 

 

Outstanding at June 30, 2025

 

 

4,042,353

 

 

$

7.59

 

 

$

44,587

 

Schedule of Performance Stock Units

The following table summarizes the activity for all performance stock units (“PSUs”) during the nine months ended June 30, 2025:

 

 

Number of
Shares

 

 

Weighted
Average
Fair Value
Per Share

 

 

Aggregate
Intrinsic Value

 

Outstanding at September 30, 2024

 

 

 

 

$

 

 

$

 

Granted

 

 

40,000

 

 

$

10.61

 

 

 

 

Vested

 

 

(1,540

)

 

$

10.61

 

 

 

 

Outstanding at June 30, 2025

 

 

38,460

 

 

$

7.59

 

 

$

424