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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2020
Stock-Based Compensation  
Schedule of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 

 

Six months ended March 31, 

 

    

2020

    

2019

    

2020

    

2019

Research and development

 

$

41,148

 

$

120,763

 

$

148,938

 

$

211,972

General and administrative

 

 

263,391

 

 

146,979

 

 

515,078

 

 

928,059

 

 

$

304,539

 

$

267,742

 

$

664,016

 

$

1,140,031

 

Schedule of options to purchase common stock of Company outstanding under 2015 Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

Weighted

 

Remaining

 

 

Number of

 

Average

 

Contractual

 

    

Shares

    

Exercise Price

    

Term (Years)

Balance at October 1, 2019

 

1,389,999

 

$

3.46

 

 

Granted

 

1,040,810

 

 

1.00

 

 

Forfeited

 

(212,258)

 

 

2.87

 

 

Balance at March 31, 2020

 

2,218,551

 

 

2.36

 

9.4

Vested and exercisable

 

377,985

 

 

4.03

 

9.1

Vested and expected to vest at March 31, 2020

 

2,218,551

 

$

2.36

 

9.4

 

Schedule of weighted-average assumptions used in option pricing model for stock options

 

 

 

 

 

 

 

 

Six months ended March 31, 

 

 

2020

    

2019

 

Risk-free interest rate

    

1.13

%  

2.79

%

Expected life (years)

 

5.71

 

5.87

 

Expected volatility

 

89.2

%  

88.8

%

Expected dividend yield

 

 —

 

 —

 

 

Schedule of performance-based stock units activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

Number

 

Base

 

Remaining

 

 

of

 

Price

 

Contractual

 

    

PSUs

    

Per PSU

    

Term (Years)

Balance at October 1, 2019

 

15,691

 

$

49.97

 

 

Forfeitures

 

(13,221)

 

 

50.60

 

 

Balance at March 31, 2020

 

2,470

 

 

49.97

 

4.3

Vested and exercisable at March 31, 2020

 

2,470

 

 

49.97

 

4.3

Vested and expected to vest at March 31, 2020

 

2,470

 

$

49.97

 

4.3

 

Schedule of restricted stock units activity

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Number

 

Average

 

 

of

 

Grant Date

 

    

RSUs

    

Fair Value

Balance at October 1, 2019

 

109

 

$

96.00

Vested and settled

 

(109)

 

 

96.00

Balance at March 31, 2020

 

 —

 

$

 —