XML 32 R28.htm IDEA: XBRL DOCUMENT v3.19.3
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Mar. 31, 2019
Indco [Member]  
Stock Based Compensation [Abstract]  
Fair Value Assumptions
In applying this model, the Company used the following assumptions:

  
2019
 
Risk-free Interest Rate
  
2.78
%
Expected Option Term in Years
  
4.02 - 6.27
 
Expected Volatility
  
98.5% - 102.9
%
Dividend Yield
  
0
%
Weighted Average Grant Date Fair Value
 
$
12.07
 
Activity of Stock Options
  
Number of
Options
  
Weighted Average
Exercise Price
  
Weighted Average
Remaining Contractual
Term (in years)
  
Aggregate Intrinsic
Value (in thousands)
 
Outstanding Balance at September 30, 2018
  
25,321
  
$
7.97
   
8.0
  
$
105.36
 
Granted
  
6,812
  
$
12.13
   
12.1
  
$
-
 
Outstanding Balance at March 31, 2019
  
32,133
  
$
8.85
   
8.9
  
$
105.36
 
Exercisable on March 31, 2019
  
20,825
  
$
7.08
   
7.1
  
$
105.09
 
Employee Option Awards [Member]  
Stock Based Compensation [Abstract]  
Fair Value Assumptions
The fair values of our employee option awards were estimated using the assumptions below, which yielded the following weighted average grant date fair values for the periods presented:

  
Six Months Ended
March 31,
2019
 
Risk-free Interest Rate
  
3.04
%
Expected Option Term in Years
  
5.5-6.5
 
Expected Volatility
  
95.4% - 98.8
%
Dividend Yield
  
0
%
Weighted Average Grant Date Fair Value
 
$
7.75
 
Activity of Stock Options
  
Number of
Options
  
Weighted Average
Exercise Price
  
Weighted Average
Remaining Contractual
Term (in years)
  
Aggregate Intrinsic
Value (in thousands)
 
Outstanding Balance at September 30, 2018
  
112,798
  
$
5.09
   
6.9
  
$
357.10
 
Granted
  
7,500
  
$
7.75
   
9.5
  
$
12.50
 
Exercised
  
(1,500
)
 
$
3.25
   
-
  
$
-
 
Outstanding Balance at March 31, 2019
  
118,798
  
$
5.28
   
6.6
  
$
485.84
 
Exercisable on March 31, 2019
  
98,711
  
$
4.73
   
6.2
  
$
458.22
 
Unvested Restricted Stock
The following table summarizes the status of our employee unvested restricted stock under the Amended 2017 Plan for the six months ended March 31, 2019:

  
Restricted Stock
  
Weighted Average
Grant Date Fair Value
 
Unvested at September 30, 2018
  
10,000
  
$
8.01
 
Vested
  
(5,000
)
 
$
8.01
 
Unvested at March 31, 2019
  
5,000
  
$
8.01
 
Non-Employee Option Awards [Member]  
Stock Based Compensation [Abstract]  
Fair Value Assumptions
The fair values of our non-employee option awards as of March 31, 2019 were estimated using the assumptions below, which yielded the following weighted average grant date fair values for the periods presented:

  
Six Months Ended
March 31,
2019
 
Risk-free Interest Rate
  
2.31
%
Expected Option Term in Years
  
7.5-8.4
 
Expected Volatility
  
96.39
%
Dividend Yield
  
0
%
Weighted Average Grant Date Fair Value
 
$
4.13 - $8.04
 
Activity of Stock Options
  
Number of
Options
  
Weighted Average
Exercise Price
  
Weighted Average
Remaining Contractual
Term (in years)
  
Aggregate Intrinsic
Value (in thousands)
 
Outstanding Balance at September 30, 2018
  
51,053
  
$
7.58
   
8.8
  
$
31.84
 
Granted
  
-
  
$
-
   
-
  
$
-
 
Outstanding Balance at March 31, 2019
  
51,053
  
$
7.58
   
8.3
  
$
91.57
 
Exercisable on March 31, 2019
  
19,036
  
$
7.21
   
8.2
  
$
41.10
 
Unvested Restricted Stock
The following table summarizes the status of our non-employee unvested restricted stock under the Amended 2017 Plan for the six months ended March 31, 2019:

  
Restricted Stock
  
Weighted Average
Grant Date Fair Value
 
Unvested at September 30, 2018
  
30,000
  
$
8.03
 
Vested
  
(3,333
)
 
$
8.01
 
Unvested at March 31, 2019
  
26,667
  
$
8.04