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Warrants | 6 Months Ended
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Mar. 31, 2020
Warrants And Rights Note Disclosure [Abstract] |
Warrants |
Note 10: | Warrants
The warrants listed below expire at various timeframes over the next two years. However, Company and ICG entered into an agreement whereby if the warrants are not exercised on or before the applicable expiration date, the applicable expiration date is deemed automatically extended for successive two-year periods, immediately prior to such expiration. During the three and six months ended March 31, 2020, the Company recorded a fair value adjustment of $102 and $368, respectively, related to the extension of warrants that expired during this period. There was no such adjustment during the three and six months ended March 31, 2019. The following table summarizes information about the Company’s warrants at March 31, 2020 and September 30, 2019, respectively:
|  | Number of units - Series B Convertible preferred warrants |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (in years) |  |  | Intrinsic Value |
Outstanding and Exercisable at September 30, 2019 |  |  | 118,029 |  |  | $ | 20.80 |  |  |  | 0.53 |  |  | $ | — |
Outstanding and Exercisable at March 31, 2020 |  |  | 118,029 |  |  | $ | 20.80 |  |  |  | 1.85 |  |  | $ | — |
The warrants may be exchanged for shares of common stock at a ratio of one share of Series B Preferred Stock into five common shares. The following table provides information assuming the warrants are exercised and exchanged for common shares:
|  | Number of units - Series B Convertible preferred warrants |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (in years) |  |  | Intrinsic Value |
Outstanding and Exercisable at September 30, 2019 |  |  | 590,147 |  |  | $ | 4.16 |  |  |  | 0.53 |  |  | $ | 2,602 |
Outstanding and Exercisable at March 31, 2020 |  |  | 590,147 |  |  | $ | 4.16 |  |  |  | 1.85 |  |  | $ | 649 |
The exercise price for the Series B Convertible Preferred Stock warrants outstanding and exercisable at March 31, 2020 and September 30, 2019, are as follows:
Series B Convertible Preferred |
Outstanding |  |  | Exercisable |
Number of Warrants |  |  | Exercise Price |  |  | Number of Warrants |  |  | Exercise Price |
| 54,396 |  |  | $ | 16.60 |  |  |  | 54,396 |  |  | $ | 16.60 |
| 17,857 |  |  |  | 16.80 |  |  |  | 17,857 |  |  |  | 16.80 |
| 12,383 |  |  |  | 24.30 |  |  |  | 12,383 |  |  |  | 24.30 |
| 33,393 |  |  |  | 28.50 |  |  |  | 33,393 |  |  |  | 28.50 |
| 118,029 |  |  |  |  |  |  |  | 118,029 |  |  |  |  |

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