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STOCK OPTIONS AND WARRANTS (Tables)

6 Months Ended

Mar. 31, 2022

Share-Based Payment Arrangement [Abstract]

SUMMARY OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity for six months ended March 31, 2022:

 SUMMARY OF STOCK OPTION ACTIVITY

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (years)				Aggregate Intrinsic Value
Outstanding at September 30, 2021			4,511,691			$	4.73				8.4			$	452,206
Granted			-				-
Exercised			(14,000	)			0.90
Expired			-				-
Forfeited			(203,166	)			13.75
Outstanding at March 31, 2022			4,294,525			$	4.32				8.0			$	397,300
Exercisable at March 31, 2022			1,809,800			$	4.91				7.0			$	321,900

SUMMARY OF UNVESTED SHARES

A summary of the status of the Company’s nonvested options as of March 31, 2022, is presented below:

 SUMMARY OF UNVESTED SHARES

Nonvested options

		Number of Nonvested Options				Weighted Average Grant Date Fair Value
Nonvested options at September 30, 2021			2,870,799			$	5.02
Granted			-				-
Forfeited			(36,500	)			3.89
Vested			(349,574	)			5.95
Nonvested options at March 31, 2022			2,484,725			$	4.90

SCHEDULE OF WARRANT ACTIVITY

The following table summarizes warrant activity for the six months ended March 31, 2022:

 SCHEDULE OF WARRANT ACTIVITY

		Number of Shares Issuable Upon Exercise of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (years)				Aggregate Intrinsic Value
Outstanding at September 30, 2021			4,831,915			$	4.98				4.5			$	-
Issued			-				-
Exercised			(384,447	)			4.51
Expired			-				-
Outstanding at March 31, 2022			4,447,468			$	5.02				4.0				-
Exercisable at March 31, 2022			4,447,468			$	5.02				4.0			$	-

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- References

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
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-Publisher FASB
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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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