Quarterly report pursuant to Section 13 or 15(d)

Equity and Stock-Based Compensation (Tables)

v3.20.2
Equity and Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes our stock option activity during the nine months ended June 30, 2020:

 

 

 

Options

 

 

Weighted

Average

Exercise Price

 

Outstanding at beginning of period

 

 

1,068,665

 

 

$

7.04

 

Granted

 

 

32,500

 

 

 

5.34

 

Exercised

 

 

(145,375

)

 

 

5.50

 

Forfeited

 

 

(215,894

)

 

 

7.65

 

Outstanding at end of period

 

 

739,896

 

 

$

7.08

 

Exercisable at end of period

 

 

630,773

 

 

$

7.36

 

Weighted average fair value of options granted

   during the period

 

$

2.89

 

 

 

 

 

Schedule of Fair Value of Stock Option Using Black-Scholes Option Pricing Model

 

The fair value of options was estimated at the applicable grant date using the Black-Scholes option pricing model with the following assumptions:

 

 

 

Nine Months Ended June 30, 2020

 

Risk free interest rate

 

 

1

%

Expected life

 

6 years

 

Dividend rate

 

 

%

Volatility

 

 

58

%