Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.21.4
Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The Company determined the fair value of stock options granted based upon the assumptions as provided below:
Year Ended September 30,
2021 2020 2019
Stock price
$10.00 $0.18
$0.61-$0.66
Exercise price
$10.01 $0.18
$0.61-$0.66
Dividend yield
0% 0% 0%
Expected volatility
60% 60% 60%
Risk-Free interest rate
0.63%
0.14%-0.44%
1.88%-2.99%
Expected life (in years)
6.08
2.4-6.08
5.48-6.08
Share-based Payment Arrangement, Option, Activity
The following is a summary of stock option activities for the year ended September 30, 2021:

Options
Weighted
Average
Exercise Price
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Life
(years)
Intrinsic
Value
Outstanding – October 1, 2020
9,859,674  $ 0.19  $ 0.20  6.8 $ — 
Granted
10,920  10.01  5.49 
Exercised
(765,046) 0.21  0.22 
Forfeited
(127,363) 1.09  0.12 
Outstanding – September 30, 2021
8,978,185  $ 0.19  $ 0.20  5.7 $ 91,699 
Exercisable as of September 30, 2021
8,978,185  $ 0.19  $ 0.20  5.7 $ 91,699 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Restricted Stock Awards
Weighted Average Grant Date
Fair Value
Restricted Stock Units
Weighted Average Grant Date
Fair Value
Non-vested – October 1, 2020
—  $ —  —  $ — 
Granted
790,497  10.00  1,517,881  7.54 
Vested
(105,560) 10.00  (49,686) 7.73 
Forfeited
—  —  (16,000) 8.02 
Non-vested – September 30, 2021
684,937  $ 10.00  1,452,195  $ 7.61 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense for stock options and restricted stock in the consolidated statements of operations is summarized as follows:

For the Years Ended
September 30,

2021 2020 2019
Software development
$ 499  $ 29  $ 35 
General and administrative
8,887  461  270 
Selling and marketing
235  —  12 
Total stock-based compensation expense
$ 9,621  $ 490  $ 317