XML 52 R43.htm IDEA: XBRL DOCUMENT
v3.24.3

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | A summary of the activity in options to purchase the common stock of the Company as of September 30, 2024, is presented below:
|  | Number of Shares |  |  | Weighted Average Exercise Price |
Outstanding September 30, 2023 |  |  | 2,904,522 |  |  | $ | 3.19 |
Granted |  |  | 1,402,250 |  |  | $ | 2.04 |
Forfeited/expired |  |  | (511,032 | ) |  | $ | 2.86 |
Exercised |  |  | (100,000 | ) |  | $ | 1.76 |
Outstanding September 30, 2024 |  |  | 3,695,740 |  |  | $ | 2.84 |
Exercisable September 30, 2024 |  |  | 1,192,593 |  |  | $ | 3.58 |
Summary of Stock Options Outstanding | The following table summarizes information about stock options outstanding as of September 30, 2024:
Range of Exercise Prices |  | Number Outstanding |  |  | Weighted Average Remaining Contractual Term |  |  | Weighted Average Exercise Price |  |  | Number Exercisable |  |  | Weighted Average Exercise Price |
$1.70 - $2.68 |  |  | 920,250 |  |  |  | 6.18 |  |  | $ | 1.83 |  |  |  | 26,209 |  |  | $ | 2.67 |
$2.69 - $2.69 |  |  | 1,000,000 |  |  |  | 5.02 |  |  | $ | 2.69 |  |  |  | 100,000 |  |  | $ | 2.69 |
$2.70 - $3.30 |  |  | 930,125 |  |  |  | 6.09 |  |  | $ | 2.99 |  |  |  | 270,708 |  |  | $ | 2.94 |
$3.39 - $6.87 |  |  | 845,365 |  |  |  | 1.94 |  |  | $ | 3.96 |  |  |  | 795,676 |  |  | $ | 3.94 |
|  |  | 3,695,740 |  |  |  | 4.88 |  |  | $ | 2.84 |  |  |  | 1,192,593 |  |  | $ | 3.58 |
Summary of Weighted Average Assumptions | The weighted average estimated fair value of employee stock options granted, that vest without a market condition, during the years ended September 30, 2024 and 2023, was calculated with the following weighted average assumptions (annualized percentages):
|  | Years ended |
|  | September 30, |
|  | 2024 |  |  | 2023 |
Volatility |  |  | 58.0 | % |  |  | 52.4 | %
Risk-free interest rate |  |  | 4.2 | % |  |  | 4.0 | %
Dividend yield |  |  | 0.0 | % |  |  | 0.0 | %
Expected term in years |  |  | 4.2 |  |  |  | 5.8 |
Summary of Restricted Stock Units Activity | A summary of restricted stock units of the Company as of September 30, 2024, is presented below:
` |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding September 30, 2023 |  |  | 379,597 |  |  | $ | 3.99 |
Granted |  |  | 331,019 |  |  | $ | 2.10 |
Vested |  |  | (355,024 | ) |  | $ | 3.53 |
Forfeited/cancelled |  |  | (67,533 | ) |  | $ | 2.04 |
Outstanding September 30, 2024 |  |  | 288,059 |  |  | $ | 2.78 |
Compensation expense for RSUs was $896 for the year ended September 30, 2024. Compensation expense for RSUs was $986 for the year ended September 30, 2023. As of September 30, 2024, there was approximately $504 of total unrecognized compensation costs related to outstanding RSUs. This amount is expected to be recognized over a weighted average period of 0.8 years.
Summary of Share-based Compensation Expense | The Company recorded share-based compensation expense for restricted stock units and stock options are classified in the consolidated statements of operations as follows:
|  | Years ended |
|  | September 30, |
|  | 2024 |  |  | 2023 |
Cost of revenues |  | $ | 67 |  |  | $ | 111 |
Selling, general and administrative |  |  | 1,378 |  |  |  | 1,428 |
Research and development |  |  | 207 |  |  |  | 103 |
|  | $ | 1,652 |  |  | $ | 1,642 |

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

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration