Equity and Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

The following table summarizes our stock option activity during the six months ended March 31, 2021:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period		696,665		$	7.00
Granted		198,000			6.14
Exercised		(158,693	)		5.86
Forfeited		(31,076	)		13.99
Outstanding at end of period		704,896		$	6.71
Exercisable at end of period		471,814		$	7.01
Weighted average fair value of options granted    during the period	$	3.27

Schedule of Fair Value of Stock Option Using Black-Scholes Option Pricing Model

The fair value of options was estimated at the applicable grant date using the Black-Scholes option pricing model with the following assumptions:

	Six Months Ended March 31, 2021
Risk free interest rate		1	%
Expected life	6 years
Dividend rate		—	%
Volatility		59	%