Stock Based Compensation (Tables)

9 Months Ended

Jun. 30, 2013

A summary of stock option activity as of June 30, 2013 and changes during the nine months ended June 30, 2013 is presented below:

	Options Outstanding		Weighted Average Exercise Price per Share ($)		Weighted Average Remain Contractual Term (in Years)
Balance at September 30, 2012		794,483		3.34		1.75
Outstanding and exercisable at September 30, 2012		794,483		3.34		1.75
Granted		-0-		-0-
Exercised		-0-		-0-
Cancelled		(163,951)		3.39
Balance at June 30, 2013		630,532		3.33		1.31
Outstanding and exercisable at June 30, 2013		630,532		3.33		1.31

A summary of restricted stock activity for the nine months ended June 30, 2013 and 2012 is presented below:

Restricted Stock Activity for the Nine Months ended June 30, 2013	Shares		Weighted-Average Grant-Date Fair Value
Nonvested at September 30, 2012		127,834	$	1.92

Granted		404,000		0.67
Vested		(72,166)		1.44
Cancelled		(20,000)		4.02
Nonvested at June 30, 2013		439,668	$	0.76

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

Stock compensation expense for the three and nine months ended June 30, 2013 and 2012 is as follows:

	Three Months Ended		Three Months Ended
Stock Compensation Expense	June 30, 2013		June 30, 2012
Stock Grants	$	48,125	$	43,000
Restricted Stock Grants		41,576		159,552
Option Grants		-0-		37,206
Employee Stock Purchase Plan		843		3,300
Total	$	90,544	$	243,058

	Nine Months Ended		Nine Months Ended
Stock Compensation Expense	June 30, 2013		June 30, 2012
Stock Grants	$	180,647	$	152,041
Restricted Stock Grants		107,270		465,303
Option Grants		9,813		168,675
Employee Stock Purchase Plan		2,912		35,568
Total	$	300,642	$	821,587