Annual report pursuant to Section 13 and 15(d)

Equity-based Compensation (Tables)

v3.10.0.1
Equity-based Compensation (Tables)
 12 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The grant date fair value was $5.52 per share, calculated using the Black-Scholes option pricing model applied to the following inputs.
Risk-free rate
2.04
%
Expected term (in years)
5

Expected volatility
50
%
Expected dividend yield
0
%
Value of underlying stock
$
5.56

The grant date fair value was $2.90 per share, calculated using the Black-Scholes option pricing model applied to the following inputs:
Risk-free rate
1.31
%
Expected term (in years)
6

Expected volatility
50
%
Expected dividend yield
0

Value of underlying stock
$
4.97

Share-based Compensation, Stock Options, Activity
The following is a summary of activity related to options under the 2016 Equity Incentive Plan during the fiscal years ended September 30, 2018 and September 30, 2017:
Outstanding, September 30, 2016
189,050

Granted
—

Exercised
189,050

Forfeited or expired
—

Outstanding, September 30, 2017
—

Outstanding, September 30, 2018
—

 
 
The following is a summary of changes to the number of unvested options under the 2016 Equity Incentive Plan during the fiscal years ended September 30, 2017 and September 30, 2018:
Unvested options outstanding at September 30, 2016
189,000

Granted
—

Vested
(189,000
)
Forfeited
—

Unvested options outstanding at September 30, 2017
—

Granted
—

Vested
—

Forfeited
—

Unvested options outstanding at September 30, 2018
—