v3.25.2
Stock-based compensation
 9 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based compensation

Note 15 — Stock-based compensation

 

The Company recorded stock-based compensation expense as follows:

   2025   2024   2025   2024 
  

For the Three Months Ended

June 30,

  

For the Nine Months Ended

June 30,

 
   2025   2024   2025   2024 
Restricted stock:                    
– Stock awards   1,135,200    20,833    2,185,205    83,333 
Total   1,135,200    20,833    2,185,205    83,333 

 

On January 16, 2025, pursuant to the Omnibus Incentive Plan, the Company granted 150,000 shares of our common stock to our Chief Executive Officer Ding Wei, and 51,355 shares of our common stock to our Chief Financial Officer Mengshu Shao. The stock grant does not have vesting period. The price of the granted stocks is based on the closing price of the Company’s stock on grant date, which is $5.17 per share.

 

On May 28, 2025, pursuant to 2025 Omnibus Incentive Plan, the Company granted 880,000 shares of its common stock to the Company’s employees. The stock grant does not have vesting period. The price of the granted stocks is based on the closing price of the Company’s stock on grant date, which is $1.29 per share.