Annual report pursuant to Section 13 and 15(d)

10. Stock-based Compensation (Tables)

v2.4.1.9
10. Stock-based Compensation (Tables)
12 Months Ended
Sep. 30, 2014
Share-based Compensation [Abstract]  
Stock option activity
                  Weighted        
            Weighted     Average        
            Average     Remaining        
      Number of     Exercise     Contractual     Intrinsic  
      Shares     Price     Life     Value  
Outstanding at September 30, 2012                                
Granted       675,000                          
Exercised                                
Forfeited                                
Outstanding at September 30, 2013       675,000     $ 2.82             $  
Granted                                
Exercised                                
Forfeited       (75,000 )                        
Outstanding at September 30, 2014       600,000       2.76       4.90       318,250  
Exercisable at September 30, 2014       150,000     $ 4.43       5.50       246,250  
                                     
Non-vested share activity
            Weighted-Average  
      Number of     Grant-Date  
Non-vested Shares     Shares     Fair Value  
Nonvested at September 30, 2013       600,000     $ 0.73  
Granted                                    
Vested       (150,000 )        
Nonvested at September 30, 2014       450,000     $ 0.73  
                     
Assumptions used
    Year Ended
    September 30, 2013
     
Volatility     124%-127%
Risk-free interest rate     .08%-.66%
Expected term     1-3.77 years
Forfeiture rate     10%
Dividend yield rate     0%
Restricted stock award activity
Outstanding (unvested) at September 30, 2013    
Granted   21,000  
Forfeited    
Vested   (21,000 )
Outstanding (unvested) at September 30, 2014