Number of shares

Weighted-average exercise price

Weighted-average remaining contractual term (in years)

Aggregate intrinsic value (in thousands)

Outstanding at September 30, 2017

333,300

$

5.83

Granted

235,000

4.67

Exercised

-

Forfeited

(98,650

)

6.38

Outstanding at September 30, 2018

469,650

5.13

Granted

750,000

6.66

Exercised

-

Forfeited

-

Outstanding at September 30, 2019

1,219,650

$

6.07

8.23

$

—

Exercisable at September 30, 2019

809,650

$

5.49

7.52

$

—