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9. SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Assumptions used

In applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:

		Fiscal 2020		Fiscal 2019
Expected term (years)		2.5-3.0		2.50-2.75
Expected volatility		65%-79%		82%
Risk free interest rate		0.15%-1.39%		2.53%
Expected dividends		0%		0%
Estimated annual forfeiture rate		0%-10%		0%

Schedule of stock option activity

						Weighted				Weighted
						Average				Average				Aggregate
		Number of				Exercise				Remaining				Intrinsic
		Options				Price				Life (Yrs.)				Value
Outstanding, September 30, 2019			813,000			$	1.69
Granted			456,000			$	1.25
Exercised			(50,000	)		$	0.64
Forfeited			(16,000	)		$	2.97
Expired			(65,000	)		$	2.64
Outstanding, September 30, 2020			1,138,000			$	1.49				3.7			$	73,000
Exercisable, September 30, 2020			844,000			$	1.61				3.5			$	8,600

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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.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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