Quarterly report pursuant to Section 13 or 15(d)

12. Stock-based Compensation (Tables)

v3.8.0.1
12. Stock-based Compensation (Tables)
 3 Months Ended
Dec. 31, 2017
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, 2017     211,668     $ 13.19       3.47     $ 454,417  
Granted     20,000       32.24       10.00          
Exercised     –                          
Forfeited     –                          
Outstanding at December 31, 2017     231,668     $ 14.84       4.04     $ 915,208  
Exercisable at December 31, 2017     179,167     $ 8.68       2.15     $ 851,208  
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  
  4,167       10.86       4,167       10.86  
  4,167       10.86                  
  4,167       10.86                  
  4,167       10.86                  
  6,250       12.50       6,250       12.50  
  6,250       15.00       6,250       15.00  
  75,000       15.18       75,000       15.18  
  8,000       23.41                  
  8,000       27.60                  
  8,000       31.74                  
  8,000       36.50                  
  8,000       41.98                  
  231,668               179,167          
Non-vested share activity
          Weighted  
          Average  
    Number of     Grant-Date  
Non-vested Shares   Shares     Fair Value  
Non-vested at September 30, 2017     36,668     $ 17.70  
Granted     20,000     $ 10.14  
Vested     (4,167 )   $ 8.41  
Non-vested at December 31, 2017     52,501     $ 13.89  
Assumptions used
Risk-free interest rate   1.25%
Expected life of the options   5.0 to 10.0 years
Expected volatility   107%
Expected dividend yield   0%