Annual report pursuant to Section 13 and 15(d)

Note 2 - Shareholders' Equity (Tables)

v3.21.2
Note 2 - Shareholders' Equity (Tables)
12 Months Ended
Sep. 30, 2021
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Year ended

September 30, 2021

 

Year ended

September 30, 2020

Dividend yield

    0%       0%  

Weighted average expected volatility

    46.9%     39.5 - 44.9%

Weighted average risk-free interest rate

    0.24%     0.24 - 1.69%

Weighted average expected life (years)

 

5

    4 - 6

Vesting period (years)

 

3

   

3

- 5
Share-based Payment Arrangement, Option, Activity [Table Text Block]
   

Number of shares

   

Weighted average exercise price

   

Weighted average fair value

 

Outstanding as of September 30, 2019

    290,750     $ 11.86          

Granted

    121,350       12.43     $ 4.62  

Exercised

    (26,750 )     4.01          

Forfeited and expired

    (48,250 )     13.35          

Outstanding as of September 30, 2020

    337,100     $ 12.48          

Granted

    105,089       23.74     $ 8.14  

Exercised

    (101,966 )     12.47          

Forfeited and expired

    (38,709 )     13.68          

Outstanding as of September 30, 2021

    301,514     $ 16.25          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]

Year ended

 

Exercisable

   

Weighted average remaining contractual life (years)

   

Weighted average exercise price

   

Aggregate intrinsic value

 

September 30, 2021

    51,201       2.29     $ 12.28     $ 1,631,575  

September 30, 2020

    97,333       2.19     $ 12.76     $ 720,826  
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]

Year Ended

 

Number outstanding

   

Weighted average remaining contractual life (years)

   

Weighted average exercise price

   

Aggregate intrinsic value

 

September 30, 2021

    301,514       3.22     $ 16.25     $ 8,411,728  

September 30, 2020

    337,100       3.43     $ 12.48     $ 720,831  
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
   

Number of shares

   

Weighted average grant date fair value

 

Unvested shares as of September 30, 2019

    130,440     $ 13.25  

Granted

    19,455       10.30  

Vested

    (29,950 )     13.36  

Forfeited

    (10,875 )     12.14  

Unvested shares as of September 30, 2020

    109,070     $ 12.98  

Granted

    39,807       24.20  

Vested

    (35,840 )     12.48  

Forfeited

    (4,198 )     15.45  

Unvested shares as of September 30, 2021

    108,839     $ 17.14