Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- 2. Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

10. Stock-based Compensation (Tables)

v3.3.1.900

10. Stock-based Compensation (Tables)

12 Months Ended

Sep. 30, 2015

						Weighted
				Weighted		Average
				Average		Remaining
	Number of			Exercise		Contractual		Intrinsic
	Shares			Price		Life		Value
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
Granted		450,000		$	2.53
Exercised		–
Forfeited		–
Outstanding at September 30, 2015		1,050,000		$	1.87		4.76	$	225,750
Exercisable at September 30, 2015		675,000		$	1.73		4.26	$	223,750

Stock option exercise price

Outstanding			Exercisable
Number of	Exercise		Number of	Exercise
Options	Price		Options	Price
187,500	$	0.83	187,500	$	0.83
150,000		1.25	150,000		1.25
187,500		1.67	37,500		1.67
37,500		2.08	0		2.08
37,500		2.50	0		2.50
450,000		2.53	300,000		2.53
1,050,000			675,000

Non-vested share activity

		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
	Granted		450,000		$	1.92
	Vested		(525,000	)
	Nonvested at September 30, 2015		375,000		$	1.44

Assumptions used

Risk-free interest rate		1.01%
Expected life of the options		2.5 to 3.5 years
Expected volatility		140%
Expected dividend yield		0%

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
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