Quarterly report pursuant to Section 13 or 15(d)

11. Stock-based Compensation (Tables)

v3.8.0.1
11. Stock-based Compensation (Tables)
6 Months Ended
Mar. 31, 2017
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, 2016     175,000     $ 11.22       3.75     $ 346,500  
Granted     36,668                          
Exercised                              
Forfeited                              
Outstanding at March 31, 2017     211,668     $ 13.19       3.98     $ 899,875  
Exercisable at March 31, 2017     168,750     $ 8.85       2.54     $ 899,875  
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             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               168,750          
Non-vested share activity
Non-vested Shares     Number of Shares       Weighted Average Grant-Date Fair Value  
                 
Non-vested at September 30, 2016     6,250     $ 14.22  
Granted     36,668     $ 17.70  
Vested     –           
Non-vested at March 31, 2017     42,918     $ 17.19  
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%