Quarterly report pursuant to Section 13 or 15(d)

Equity and Stock-Based Compensation (Tables)

v3.21.2
Equity and Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2021
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, 2021:

 

 

 

Options

 

 

Weighted

Average

Exercise Price

 

Outstanding at beginning of period

 

 

696,665

 

 

$

7.00

 

Granted

 

 

198,000

 

 

 

6.14

 

Exercised

 

 

(189,806

)

 

 

6.05

 

Forfeited

 

 

(44,326

)

 

 

14.14

 

Outstanding at end of period

 

 

660,533

 

 

$

6.54

 

Exercisable at end of period

 

 

437,367

 

 

$

6.78

 

Weighted average fair value of options granted

   during the period

 

$

3.27

 

 

 

 

 

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, 2021

 

Risk free interest rate

 

 

1

%

Expected life

 

6 years

 

Dividend rate

 

 

%

Volatility

 

 

58

%