4. Stock-based Compensation (Tables)

9 Months Ended

Jun. 30, 2014

The following table summarizes stock option activity for the nine months ended June 30, 2014:

Weighted

Average

Number of

Exercise

Remaining

Shares

Price

Contractual Life

Intrinsic Value

Outstanding at September 30, 2013

675,000

2.82

Granted

–

Exercised

–

Forfeited

–

Outstanding at June 30, 2014

675,000

2.82

5.11

–

Exercisable at June 30, 2014

187,500

2.82

3.25

–

The following table summarizes information about the Company’s non-vested shares as of June 30, 2014:

The following table sets forth changes in compensation-related restricted stock awards during the nine months ended June 30, 2014:

Outstanding (unvested) at September 30, 2013	–
Granted	21,000
Forfeited	–
Vested	(21,000	)
Outstanding (unvested) at June 30, 2014	–