Number of shares

Weighted-average exercise price

Weighted-average remaining contractual term(in years)

Aggregate intrinsic value (in thousands)

Outstanding at September 30, 2016

40,000

$

2.00

Granted

313,300

6.08

Exercised

(1,500

)

-

Forfeited

(18,500

)

-

Outstanding at September 30, 2017

333,300

5.83

Granted

235,000

4.67

Exercised

-

Forfeited

(98,650

)

6.38

Outstanding at September 30, 2018

469,650

$

5.13

6.9

$

—

Exercisable at September 30, 2018

337,150

$

5.22

6.4

$

—