Annual report pursuant to Section 13 and 15(d)

10. Stock-based Compensation (Tables)

v3.6.0.2
10. Stock-based Compensation (Tables)
12 Months Ended
Sep. 30, 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, 2015     175,000     $ 11.22       4.76     $ 225,750  
Granted                              
Exercised                              
Forfeited                              
Outstanding at September, 30 2016     175,000     $ 11.22       3.75     $ 346,500  
Exercisable at September 30, 2016     168,750     $ 10.68       3.55     $ 346,500  
Stock option exercise price
Outstanding     Exercisable  
Number of
Options
    Exercise
Price
    Number of
Options
    Exercise
Price
 
  31,250     $ 4.98       31,250     $ 4.98  
  25,000       7.50       25,000       7.50  
  31,250       10.02       31,250       10.02  
  6,250       12.48       6,250       12.48  
  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, 2015     62,500     $ 8.64  
Granted              
Vested     (56,250 )        
Non-vested at September 30, 2016     6,250     $ 8.64  
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%