Annual report pursuant to section 13 and 15(d)

Note 11: Stock-based Compensation (Tables)

v2.4.0.8
Note 11: Stock-based Compensation (Tables)
12 Months Ended
Sep. 30, 2013
Share-based Compensation [Abstract]  
Stock option activity
Outstanding (unvested) at September 30, 2011     1,342  
Granted     –  
Forfeited     (26 )
Vested     (1,053 )
Outstanding (unvested) at September 30, 2012     263  
Granted     –  
Forfeited     –  
Vested     (263 )
Outstanding (unvested) at September 30, 2013     0  
Assumptions used to calculate weighted average fair values of the options granted
    Year Ended     Year Ended  
    September 30, 2013     September 30, 2012  
             
Volatility     124%-127%       –  
Risk-free interest rate     .08%-.66%       –  
Expected term     1-3.77 years       –  
Forfeiture rate     10%       –  
Dividend yield rate     0%       –  
Stock options
          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining        
    Shares     Price     Contractual Life     Intrinsic Value  
Outstanding at September 30, 2012     –                          
Granted     225,000     $ 8.47                  
Exercised     –                          
Forfeited     –                          
Outstanding at September 30, 2013     225,000     $ 8.47       5.9       –  
Exercisable at September 30, 2013     25,000     $ 10.00       0.6       –  
Restricted stock awards
          Weighted-Average  
    Number of     Grant-Date  
Non-vested Shares   Shares     Fair Value  
Nonvested at September 30, 2012     –          
Granted     200,000     $ 2.18  
Nonvested at September 30, 2013     200,000     $ 2.18