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13. STOCK OPTIONS (Tables)

6 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Stock option activity

						Weighted Average
		Options				Exercise Price				$
Outstanding as of September 30, 2018			2,182,668			$	1.698			$	3,706,519
Granted			100,000				3.030				303,000
Exercised			-				-				-
Forfeitures			-				-				-
Outstanding as of March 31, 2019			2,282,668			$	1.757			$	4,009,519

Stock options outstanding and exercisable

						Weighted				Weighted								Weighted
						Average				Average								Average
Range of		Number				Remaining Life				Exercise Price				Number				Exercise Price
Exercise Prices		Outstanding				In Years				Exercisable				Exercisable				Exercisable
0.25			530,000				4.61			$	0.250				99,375			$	0.25
1.28			1,150,000				4.71				1.28				143,750				1.28
3.03			100,000				4.71				3.03				100,000				3.03
4.08-4.20			500,000				4.73				4.08-4.20				31,250				4.08-4.20
13.500			1,334				0.38				13.50				1,334				13.50
15.000			1,334				-				15.00				-				15.00
			2,282,668				4.69			$	1.757				375,709			$	1.755

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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 number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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