Quarterly report pursuant to Section 13 or 15(d)

9. Stock Options (Tables)

v3.5.0.2
9. Stock Options (Tables)
 9 Months Ended
Jun. 30, 2016
Share-based Compensation [Abstract]  
Stock option activity
        Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life     Intrinsic Value  
Outstanding at September 30, 2015       1,050,000     $    1.87       4.76     $ 225,750  
Granted       –                          
Exercised       –                          
Forfeited       –                          
Outstanding at June 30, 2016       1,050,000     $ 1.87       4.01     $ 162,500  
Exercisable at June 30, 2016       1,012,500     $ 1.85       3.94     $ 162,500  
                                     
Options outstanding and exercisable
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       187,500       1.67  
37,500       2.08       37,500       2.08  
37,500       2.50       –       2.50  
450,000       2.53       450,000       2.53  
1,050,000               1,012,500          
Non-vested share activity
          Weighted-
Average 		 
    Number of     Grant-Date  
Non-vested Shares   Shares     Fair Value  
Nonvested at September 30, 2015     375,000     $     1.44  
Granted     –          
Vested     (337,500 )        
Nonvested at June 30, 2016     37,500     $ 1.44