Quarterly report pursuant to Section 13 or 15(d)

11. Stock-based Compensation (Tables)

v3.8.0.1
11. Stock-based Compensation (Tables)
3 Months Ended
Dec. 31, 2016
Share-based Compensation [Abstract]  
Stock option activity
          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining        
    Shares     Price     Contractual Life     Intrinsic Value  
Outstanding at September 30, 2016     175,000     $ 11.24       3.75     $ 346,500  
Granted                              
Exercised                              
Forfeited                              
Outstanding at December 31, 2016     175,000     $ 11.24       3.50     $ 2,236,875  
Exercisable at December 31, 2016     168,750     $ 10.70       3.55     $ 2,236,875  
Stock option exercise price
Outstanding     Exercisable  
Number of     Exercise     Number of     Exercise  
Options     Price     Options     Price  
  31,250     $ 5.00       31,250     $ 5.00  
  25,000       7.50       25,000       7.50  
  31,250       10.00       31,250       10.00  
  6,250       12.50       6,250       12.50  
  6,250       15.00             15.00  
  75,000       15.18       75,000       15.18  
  175,000               168,750          
Non-vested share activity
          Weighted  
          Average  
    Number of     Grant-Date  
Non-vested Shares   Shares     Fair Value  
Non-vested at September 30, 2016     6,250     $ 14.22  
Granted              
Vested              
Non-vested at December 31, 2016     6,250     $ 14.22  
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%