Quarterly report pursuant to Section 13 or 15(d)

9. Stock Options (Tables)

v2.4.1.9
9. Stock Options (Tables)
 6 Months Ended
Mar. 31, 2015
Share-based Compensation [Abstract]  
Stock option activity
      Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life     Intrinsic Value  
Outstanding at September 30, 2014       600,000     $ 2.76             $ –  
Granted       –                          
Exercised       –                          
Forfeited       –                          
Outstanding at March 31, 2015       600,000     $ 2.76       4.26       375,625  
Exercisable at March 31, 2015       337,500     $ 2.04             3.84       375,625  
Non-vested share activity
            Weighted-Average  
      Number of     Grant-Date  
Non-vested Shares     Shares     Fair Value  
Nonvested at September 30, 2014       450,000     $                 0.73  
Granted       –          
Vested       (187,500 )        
Nonvested at March 31, 2015       262,500     $ 0.73