v3.25.1
13. STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Option Summary

The following is a summary of stock option activity during the six months ended March 31, 2025:

 

Number of
Option Shares

 

 

Weighted Average
Exercise Price ($)

 

Balance, September 30, 2024

 

 

2,285,462

 

 

$

15.58

 

Options granted

 

 

268,550

 

 

$

9.93

 

Options expired

 

 

(101,585

)

 

$

15.83

 

Options forfeited

 

 

(55,963

)

 

$

12.93

 

Options exercised

 

 

(25,510

)

 

$

6.05

 

Balance, March 31, 2025

 

 

2,370,954

 

 

$

15.09

 
Fair Value Option, Disclosures

The Black-Scholes model utilized the following inputs to value the options granted during the six months ended March 31, 2025:

Fair value assumptions Options:

 

March 31, 2025

Risk free interest rate

 

3.56% - 4.65%

Expected term (years)

 

1.00 - 6.32

Expected volatility

 

121.01% - 123.02%

Expected dividends

 

0%
Schedule of Restricted Stock Summary

The following table summarizes the activity for all restricted stock units (“RSUs”) during the six months ended March 31, 2025:

 

Number of
Shares

 

 

Weighted
Average
Fair Value
Per Share

 

 

Aggregate
Intrinsic Value

 

Outstanding at September 30, 2024

 

 

1,674,211

 

 

$

7.56

 

 

$

12,649

 

Granted

 

 

153,715

 

 

$

8.75

 

 

 

 

Vested

 

 

(86,237

)

 

$

9.12

 

 

 

 

Outstanding at March 31, 2025

 

 

1,741,689

 

 

$

7.58

 

 

$

11,704

 
Schedule of Performance Stock Units

The following table summarizes the activity for all performance stock units (“PSUs”) during the six months ended March 31, 2025:

 

 

Number of
Shares

 

 

Weighted
Average
Fair Value
Per Share

 

 

Aggregate
Intrinsic Value

 

Outstanding at September 30, 2024

 

 

—

 

 

$

-

 

 

$

-

 

Granted

 

 

40,000

 

 

$

10.61

 

 

 

 

Vested

 

 

(1,540

)

 

$

10.61

 

 

 

 

Outstanding at March 31, 2025

 

 

38,460

 

 

$

7.58

 

 

$

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