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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

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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.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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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.

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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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