The following table shows the total compensation for the named executive officers (“NEO”) as set forth in the Summary Compensation Table, the compensation “actually paid” (“CAP”) to the NEOs, the Company’s total shareholder return (“TSR”), and our net income (loss) for the fiscal years ended September 30, 2023 and 2022:
| Fiscal Year | Summary Compensation Table Total For CEO ($)(1) | Compensation Actually Paid to CEO ($)(1)(4) | Average Summary Compensation Table Total for Non-CEO NEOs ($)(2) | Average Compensation Actually Paid to Non-CEO NEOs ($)(4) | Value of Initial Fixed $100 Investment Based on TSR ($)(3) | Net Income (Loss)($) |
|---|
| 2023 | 439,739 | 700,716 | 437,785 | 669,507 | 135.60 | 12,206,000 |
| 2022 | 502,505 | 263,554 | 323,907 | 208,071 | 46.18 | (22,856,000) |
| (1) | For fiscal years 2023 and 2022, the Company’s Chief Executive Officer (“CEO”) was Mr. Wheeler. |
| (2) | For fiscal years 2023 and 2023, the Company’s Non-CEO NEOs were Messrs. Adams, Curda and Sheen. |
| (3) | TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. |
| (4) | SEC rules require that certain adjustments be made to the Summary Compensation Table totals to determine CAP, as reported in the Pay versus Performance Table above. The following table details the applicable adjustments that were made to determine CAP for fiscal years 2023 and 2022. |
| Fiscal Year | Summary Compensation Table Total For CEO ($) | Deduct Stock Awards from Summary Compensation Table ($) | Add Year- End Fair Value of Unvested Awards Granted in the Year ($) | Add Change in Fair Value of Unvested Awards Granted in Prior Years ($) | Add Fair Value of Awards Granted and Vested in the Year | Add Change in Fair Value of Prior Years’ Awards Vested in the Year | Deduct Fair Value at End of Prior Year of Awards that Failed to Meet Vesting Conditions in the Year ($) | Compensation Actually Paid to CEO |
|---|
| 2023 | 439,739 | 63,000 | 246,050 | 120,628 | -- | 1,399 | 44,100 | 700,716 |
| 2022 | 502,505 | 141,103 | 83,790 | (81,448) | -- | (4,690) | 95,500 | 263,554 |
| Fiscal Year | Summary Compensation Table for Non- CEO NEOs ($) | Deduct Stock Awards from Summary Compensation Table ($) | Add Year-End Fair Value of Unvested Awards Granted in the Year ($) | Add Change in Fair Value of Unvested Awards Granted in Prior Years ($) | Add Fair Value of Awards Granted and Vested in the Year | Add Change in Fair Value of Prior Years’ Awards Vested in the Year | Deduct Fair Value at End of Prior Year of Awards that Failed to Meet Vesting Conditions in the Year ($) | Compensation Actually Paid to Non-CEO NEOs |
|---|
| 2023 | 437,785 | 55,500 | 220,150 | 74,013 | 15,540 | 15,739 | 38,220 | 669,507 |
| 2022 | 424,710 | 130,998 | 77,910 | (70,560) | -- | (5,449) | 87,542 | 208,071 |
