Quarterly report pursuant to Section 13 or 15(d)

11. Stock-based Compensation (Tables)

v3.8.0.1
11. Stock-based Compensation (Tables)
9 Months Ended
Jun. 30, 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, 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%