Transition report pursuant to Rule 13a-10 or 15d-10

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
3 Months Ended
Dec. 31, 2022
Stock-Based Compensation  
Schedule of stock-based compensation expense

    

Three Months Ended December 31, 

2022

    

2021

General and administrative

$

276,336

$

327,131

Research and development

 

(785,408)

 

466,073

Total

$

(509,072)

$

793,204

Schedule of stock options issued and outstanding

Weighted-

Weighted-

    

Average

Average

Total

Exercise

Remaining

Aggregate

Price Per

Contractual

Intrinsic

    

Stock Options

    

Share

    

Life (in years)

    

Value

Outstanding at September 30, 2022

7,629,281

$

3.08

Granted

390,000

0.28

Forfeited

(708,595)

5.01

Outstanding at December 31, 2022

7,310,686

2.66

6.4

$

476,723

Exercisable as of December 31, 2022

5,048,630

$

2.76

5.3

$

476,723

Schedule of key assumptions used to estimate the fair value of the stock options granted

Three Months Ended December 31, 

2022

    

2021

Expected term of options (years)

5.3 - 6.1

5.1 - 6.1

Expected common stock price volatility

79.2% - 82.4%

73.8%- 74.5%

Risk-free interest rate

3.8% - 4.3%

1.1% - 1.4%

Expected dividend yield