Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Inventory

Inventory consists of the following (in thousands):

	December 31, 2014		September 30, 2014
Raw materials and supplies	$	339	$	549
Finished goods		1,582		1,172
	$	1,921	$	1,721

Estimated Useful Lives of Property and Equipment

The estimated useful lives used to calculate depreciation are as follows:

	Years
Leasehold improvements	5 to 10 years
Computer equipment	3 to 5 years
Furniture and fixtures	5 to 7 years

Fair Value Assumptions for Stock Options Granted

The fair value of each option grant is estimated using the assumptions in the following table:

	Three months ended December 31,
	2014			2013
Expected life		5.0 years			4.8 years
Risk-free interest rate		0.98	%		0.60	%
Expected volatility		45.46	%		47.15	%
Expected forfeiture rate		10.72	%		12.19	%
Expected exercise factor		1.43			1.39
Expected dividend yield		0	%		0	%

Summary of Option Activity

A summary of option activity as of December 31, 2014 and changes during the three months then ended is presented below:

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Period in Years
Outstanding at October 1, 2014		1,240,941		$	10.31		6.9
Granted		291,654			9.33		9.8
Exercised		—			—		—
Forfeited		(27,833	)		13.16		2.2
Outstanding at December 31, 2014		1,504,762			10.07		7.3
Exercisable at December 31, 2014		881,432			10.57		5.9

Summary of Status of Company's Non-vested Shares

A summary of the status of the Company’s non-vested shares and changes during the three month period ended December 31, 2014 is presented below:

	2014
Non-vested Shares	Shares			Weighted-Average Grant Date Fair Value
Non-vested at October 1, 2014		539,519		$	3.29
Granted		291,654			3.23
Vested		(202,125	)		3.05
Forfeited		(5,718	)		3.41
Non-vested at December 31, 2014		623,330		$	3.34

Computation of Basic and Diluted Weighted Average Shares Used in Earnings Per Share Calculations

The following table sets forth the computation of basic and diluted weighted average shares used in the earnings per share calculations:

	Three Months Ended December 31,
	2014		2013
Denominator for basic earnings per share
- weighted average common shares		4,271,885		3,995,321
Effect of dilutive options (treasury method)		—		—
Denominator for diluted earnings per share
- adjusted weighted average common shares		4,271,885		3,995,321
Options and warrants outstanding during each period, but not included in the computation of diluted earnings per share because they are antidilutive		1,579,564		1,235,988