Quarterly report pursuant to Section 13 or 15(d)

12. Stock-based Compensation (Tables)

v3.10.0.1
12. Stock-based Compensation (Tables)
9 Months Ended
Jun. 30, 2018
Share-based Compensation [Abstract]  
Stock option activity
 

Number of

shares

 

Weighted

Average

Exercise

Price

 

Weighted

Average

Remaining Contractual Life

  Intrinsic Value
  Outstanding at September 30, 2017     211,668      $ 13.19       3.47     $ 454,417  
  Granted     20,000       32.24       10.00          
  Exercised     -                          
  Forfeited     -                          
  Outstanding at June 30, 2018     231,668     $ 14.84       3.29     $ 471,458  
  Exercisable at June 30, 2018     187,167     $ 11.75       2.33     $ 471,458  
Stock option exercise price
Outstanding     Exercisable  
Number of     Exercise     Number of     Exercise  
Options     Price     Options     Price  
  31,250     $ 5.00       31,250     $ 5.00  
  25,000       7.50       25,000       7.50  
  31,250       10.00       31,250       10.00  
  4,167       10.86       4,167       10.86  
  4,167       10.86                  
  4,167       10.86                  
  4,167       10.86                  
  6,250       12.50       6,250       12.50  
  6,250       15.00       6,250       15.00  
  75,000       15.18       75,000       15.18  
  8,000       23.41       8,000       15.18  
  8,000       27.60                  
  8,000       31.74                  
  8,000       36.50                  
  8,000       41.98                  
  231,668               187,167          
Non-vested share activity
Non-vested Shares  

Number of

Shares

 

Weighted

Average

Grant-Date

Fair Value

  Non-vested at September 30, 2017       36,668     $ 17.70  
  Granted       20,000     $ 10.14  
  Vested       (12,167 )   $ 13.32  
  Non-vested at June 30, 2018       44,501     $ 13.54  
Assumptions used
Risk-free interest rate   1.25%
Expected life of the options   5.0 to 10.0 years
Expected volatility   107%
Expected dividend yield   0%