Stock Based Compensation

3 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 8 - Stock Based Compensation

The fair value of the stock options granted is estimated at the date of grant using the Black-Scholes option pricing model.

A summary of stock option activity for the three months ended December 31, 2013 and 2012 is presented below:

			Weighted Average		Weighted Average
	Options		Exercise Price per		Remain Contractual
	Outstanding		Share		Term (in Years)
Balance at September 30, 2013		630,532	$	3.33	1.06
Outstanding and exercisable at September 30, 2013		630,532	$	3.33	1.06
Granted		-		-
Exercised		-		-
Cancelled		-		-
Balance at December 31, 2013		630,532	$	3.33	0.81
Outstanding and exercisable at December 31, 2013		630,532	$	3.33	0.81

			Weighted Average		Weighted Average
	Options		Exercise Price per		Remain Contractual
	Outstanding		Share		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		-		-
Exercised		-		-
Cancelled		(20,000)	$	4.06
Balance at December 31, 2012		774,483	$	3.32	1.54
Outstanding and exercisable at December 31, 2012		774,483	$	3.32	1.54

A summary of restricted stock activity for the three months ended December 31, 2013 and 2012 is presented below:

Restricted Stock Activity for the Three			Weighted-Average
Months ended December 31, 2013	Shares		Grant-Date Fair Value
Nonvested at September 30, 2013		423,168	$	0.74
Granted		-	$	-
Vested		(12,500)	$	1.08
Cancelled		-	$	-
Nonvested at December 31, 2013		410,668	$	0.73

Restricted Stock Activity for the Three			Weighted-Average
Months ended December 31, 2012	Shares		Grant-Date Fair Value
Nonvested at September 30, 2012		127,834	$	1.92
Granted		4,000	$	1.45
Vested		(15,000)	$	1.53
Cancelled		-	$	-
Nonvested at December 31, 2012		116,834	$	1.95

Stock Compensation Expense for the three months ended December 31, 2013 and 2012 is as follows:

	Three Months Ended		Three Months Ended
Stock Compensation Expense	December 31, 2013		December 31, 2012
Stock Grants	$	50,626	$	52,461
Restricted Stock Grants		68,351		12,618
Option Grants		-		7,359
Employee Stock Purchase Plan		669		1,078
Total	$	119,646	$	73,516

At December 31, 2013 there was approximately $170,000 in unrecognized stock compensation cost, which is expected to be recognized over a weighted average period of five months.