XML 31 R25.htm IDEA: XBRL DOCUMENT v3.22.2
CONVERTIBLE NOTE, NET (Tables)
6 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Summary of warrants activity

A summary of warrants activity for the six months ended March 31, 2021 and 2022 was as follows. The number of ADS were retroactively adjusted to reflect the stock split of ADS effective on March 7, 2022.

 

 

 

Number of

shares

 

 

Weighted

average life

 

Expiration

dates

Balance of warrants outstanding as of September 30, 2020

 

 

21,913

 

 

4.84 years

 

 

Grants of Warrants on October 14, 2020

 

 

963

 

 

5 years

 

October 14, 2025

Grants of Warrants on October 20, 2020

 

 

2,770

 

 

5 years

 

October 20, 2025

Grants of Warrants on October 29, 2020

 

 

3,124

 

 

5 years

 

October 29, 2025

Grants of Warrants on December 15, 2020

 

 

5,744

 

 

5 years

 

December 15, 2025

Grants of Warrants on February 25, 2021

 

 

4,630

 

 

5 years

 

February 25, 2026

Balance of warrants outstanding as of March 31, 2021

 

 

39,144

 

 

4.50 years

 

 

 

 

 

 

 

 

 

 

 

Balance of warrants outstanding as of September 30, 2021

 

 

58,627

 

 

4.25 years

 

 

Grants of Warrants on October 19, 2021

 

 

1,705

 

 

5 years

 

October 19, 2026

Grants of Warrants on November 1, 2021

 

 

2,184

 

 

5 years

 

November 1, 2026

Grants of Warrants on November 29, 2021

 

 

1,939

 

 

5 years

 

November 29, 2026

Grants of Warrants on December 10, 2021

 

 

2,127

 

 

5 years

 

December 10, 2026

Grants of Warrants on January 6, 2022

 

 

3,801

 

 

5 years

 

January 6, 2027

Grants of Warrants on January 27, 2022

 

 

13,385

 

 

5 years

 

January 27, 2027

Grants of Warrants on March 1, 2022

 

 

7,412

 

 

5 years

 

March 1, 2027

Grants of Warrants on March 31, 2022

 

 

8,031

 

 

5 years

 

March 31, 2027

Balance of warrants outstanding as of March 31, 2022

 

 

99,211

 

 

4.14 years

 

 

Summary of key assumption used in estimates of warrants

The key assumption used in estimates are as follows. The exercise prices were retroactively adjusted to reflect the stock split of ADS effective on March 7, 2022.

 

 

July 29,

2020

 

 

September 25,

2020

 

 

October 14,

2020

 

 

October 20,

2020

 

 

October 29,

2020

 

 

December 15,

2020

 

 

February 25,

2021

 

 

April 7,

2021

 

 

May 18,

2021

 

Terms of warrants

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

Exercise price

 

 

57.3090

 

 

 

51.1070

 

 

 

46.5205

 

 

 

43.3265

 

 

 

38.4150

 

 

 

25.8380

 

 

 

17.7090

 

 

 

16.6355

 

 

 

10.1560

 

Risk free rate of interest

 

 

0.21

%

 

 

0.21

%

 

 

0.29

%

 

 

0.29

%

 

 

0.29

%

 

 

0.28

%

 

 

0.58

%

 

 

0.61

%

 

 

0.69

%

Dividend yield

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

Annualized volatility of

   underlying stock

 

 

40.0

%

 

 

39.0

%

 

 

39.0

%

 

 

39.0

%

 

 

39.0

%

 

 

40.0

%

 

 

41.0

%

 

 

40.0

%

 

 

40.0

%

 

 

 

June 21,

2021

 

 

July 13,

2021

 

 

July 30,

2021

 

 

September 8,

2021

 

 

September 30,

2021

 

Terms of warrants

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

Exercise price

 

 

10.1560

 

 

 

8.0360

 

 

 

8.0360

 

 

 

5.9720

 

 

 

5.9720

 

Risk free rate of interest

 

 

0.69

%

 

 

0.52

%

 

 

0.52

%

 

 

0.76

%

 

 

0.76

%

Dividend yield

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

Annualized volatility of underlying stock

 

 

40.0

%

 

 

40.0

%

 

 

40.0

%

 

 

40.0

%

 

 

40.0

%

 

 

 

October 11,

2021

 

 

November 1,

2021

 

 

November 11,

2021

 

 

December 10,

2022

 

 

January 6,

2022

 

 

January 27,

2022

 

 

March 1,

2022

 

 

March 31,

2022

 

 

Terms of warrants

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

60 months

 

 

Exercise price

 

 

4.5744

 

 

 

4.2757

 

 

 

4.0013

 

 

 

3.5739

 

 

 

3.2626

 

 

 

2.8391

 

 

 

2.5636

 

 

 

2.3658

 

 

Risk free rate of interest

 

 

1.17

%

 

 

1.24

%

 

 

1.24

%

 

 

1.55

%

 

 

1.55

%

 

 

1.55

%

 

 

1.96

%

 

 

1.96

%

 

Dividend yield

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

 

0.00

 

 

Annualized volatility of underlying stock

 

 

40.9

%

 

 

40.8

%

 

 

40.8

%

 

 

41.5

%

 

 

41.5

%

 

 

41.5

%

 

 

42.2

%

 

 

42.2

%