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MTI SHARE- BASED COMPENSATION | 12 Months Ended
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Sep. 30, 2021
MTI SHARE- BASED COMPENSATION |
MTI SHARE- BASED COMPENSATION | NOTE 9 – MTI SHARE- BASED COMPENSATION MTI has a share incentive plan as part of its annual discretionary share-based compensation programs. The plan includes consultants and employees, including directors and officers. For employees, they are notified of company share incentives during the onboarding process. The employee’s offer letter briefly describes the plan. Subject to the approval of MTI’s Board of Directors or its Compensation Committee and following the adoption of an equity incentive plan, employees are issued a specified number of shares of the MTI Common Shares. Employees are vested in 100% of the MTI shares after 12 months of continuous service. Additional MTI shares may be issued to employees over the next two years at anniversary date. Any disruption or separation of service results in the forfeiture of common shares. The total expense recognized for share awards represents the grant date fair value of such awards, which is generally recognized as a charge to income ratably over the vesting period. Consulting agreements or MTI shares for services are determined by the number of MTI shares granted within the individual contracts, as well as the services provided by the consultant. The MTI shares specified within the individual agreements are negotiated and approved by our Chief Executive Officer. The consultant earns the MTI shares over the service period. The MTI shares are accounted for as professional fees within G&A expenses. Employee share issuances are part of Salaries expense. The expense recognized for share awards represents the grant date fair value of such awards, which is generally recognized as a charge to income ratably over the vesting period. ​
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​ | ​ | For the fiscal year ended
​ | ​ | September 30,
Composition of Stock-Based Compensation Expense |  | ​ | 2021 |  | ​ | 2020
Employee MTI share issuance | ​ | $ | 2,505,091 | ​ | $ | 1,037,102
MTI shares for services | ​ |  | 2,460,529 | ​ |  | 2,929,179
MTI Share-Based compensation expense | ​ | $ | 4,965,620 | ​ | $ | 3,966,281
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