Annual report pursuant to Section 13 and 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

12. Stock-Based Compensation (Tables)

v3.10.0.1

12. Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2018

			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		15.32		6.89
Exercised		–
Forfeited		–
Outstanding at September 30, 2017		211,668	$	13.19		3.47	$	454,417
Exercisable at September 30, 2017		175,000	$	11.22		2.75	$	428,750

Outstanding at September 30, 2017		211,668	$	13.19		3.47	$	454,417
Granted		20,000		32.24		9.02
Exercised		–
Forfeited		–
Outstanding at September 30, 2018		231,668	$	14.84		3.04	$	162,500
Exercisable at September 30, 2018		190,639	$	11.89		2.08	$	162,500

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		3,472		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		23.41
	8,000		27.60		–		–
	8,000		31.74		–		–
	8,000		36.50		–		–
	8,000		41.98		–		–
	231,668				190,639

Non-vested share activity

					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		(15,639	)	$	15.72
	Non-vested at September 30, 2018		41,029		$	12.88

Assumptions used

Risk-free interest rate			1.25%
Expected life of the options			5 and 10 years
Expected volatility			107%
Expected dividend yield			0%

- Definition

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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

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-SubTopic 10
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