Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.22.2.2
Share-Based Compensation (Tables)
 9 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Expense

The Company recorded share-based compensation expense associated with the RSUs in its accompanying consolidated statements of operations as follows:

 

    2022     2021     2022     2021  
    Three Months Ended June 30,     Nine Months Ended June 30,  
    2022     2021     2022     2021  
Research and development   $ 64,476     $ 105,712     $ 394,558     $ 317,101  
General and administrative     43,416       211,944       396,300       740,665  
Share-based compensation   $ 107,892     $ 317,656     $ 790,858     $ 1,057,766  
Schedule of Restricted Stock Units Activity

The following table summarizes RSU activity under the Plan:

 

    RSU    

Weighted

Average Grant

Date Fair Value

  
Unvested balance at October 1, 2021     363,268     $ 3.47  
Granted     650,685     $ 0.50  
Vested     (337,268 )   $ 2.38  
Forfeited     (2,500 )   $ 3.63  
Unvested balance at June 30, 2022     674,185     $ 0.57