Quarterly report pursuant to Section 13 or 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

11. Stock-based Compensation (Tables)

v3.8.0.1

11. Stock-based Compensation (Tables)

9 Months Ended

Jun. 30, 2017

			Weighted		Weighted
			Average		Average
	Number of		Exercise		Remaining
	Shares		Price		Contractual Life		Intrinsic Value
Outstanding at September 30, 2016		175,000	$	11.22		3.75	$	346,500
Granted		36,668
Exercised		–
Forfeited		–
Outstanding at June 30, 2017		211,668	$	13.19		3.73	$	248,500
Exercisable at June 30, 2017		175,000	$	9.29		2.49	$	248,500

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
	6,250		12.50		6,250		12.50
	6,250		15.00		6,250		15.00
	75,000		15.18		75,000		15.18
	4,000		23.41
	4,000		27.60
	4,000		31.74
	4,000		36.50
	4,000		41.98
	211,668				175,000

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		36,668		$	17.70
	Vested		(6,250	)	$	14.22
	Non-vested at June 30, 2017		36,668		$	17.70

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%

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ 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=96867065&loc=d3e5070-113901

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+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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