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Stock Based Compensation (Tables)
9 Months Ended
Jun. 30, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Table Text Block]
The weighted average assumptions for grants during the nine months ended June 30, 2012 and 2011 used in the Black-Scholes option pricing model were as follows:

 

    Nine Months Ended     Nine Months Ended  
    June 30, 2012     June 30, 2011  
Expected term in years     5 years       3 years  
Risk-free interest rate     2.64 %     3.95 %
Expected volatility     93.62 %     85.21 %
Expected dividend yield     0.00 %     0.00 %
Schedule Of Stock Compensation Expense Table [Text Block]

Stock Compensation Expense for the three months ended June 30, 2012 and 2011 is as follows:

 

    Three Months Ended     Three Months Ended  
Stock Compensation Expense   June 30, 2012     June 30, 2011  
Stock Grants     43,000       -0-  
Restricted Stock Grants     159,552       100,500  
Option Grants     37,206       21,948  
Employee Stock Purchase Plan     3,300       -0-  
Total   $ 243,058     $ 122,448  

 

Stock Compensation Expense for the nine months ended June 30, 2012 and 2011 is as follows:

 

    Nine Months Ended     Nine Months Ended  
Stock Compensation Expense   June 30, 2012     June 30, 2011  
Stock Grants     152,041       189,892  
Restricted Stock Grants     465,303       108,125  
Option Grants     168,675       199,038  
Employee Stock Purchase Plan     35,568       -0-  
Total   $ 821,586     $ 497,055  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of restricted stock activity for the nine months ended June 30, 2012 and 2011 is presented below:

 

Restricted Stock Activity for the Nine
Months ended June 30, 2012
  Shares     Weighted-Average
Grant-Date Fair Value
 
Nonvested at September 30, 2011     403,000     $ 4.02  
                 
Granted     -0-       -0-  
Vested     44,666     $ 4.00  
Cancelled     -0-       -0-  
Nonvested at June 30, 2012     358,334     $ 4.02  

 

Restricted Stock Activity for the Nine
Months ended June 30, 2011
  Shares     Weighted-Average
Grant-Date Fair Value
 
Nonvested at September 30, 2010     7,500     $ 3.75  
                 
Granted     423,000     $ 4.02  
Vested     27,500     $ 4.00  
Cancelled     -0-       -0-  
Nonvested at June 30, 2012     403,000     $ 4.02