STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2014

STOCK-BASED COMPENSATION [Abstract]

Schedule of Fair Value Assumptions

The weighted-average assumptions used to compute the fair value of options granted for the fiscal years ended September 30 were as follows:

	2014		2013
Risk-free interest rate	2.36	%		1.42	%
Dividend yield	0.00	%		0.00	%
Volatility of the expected market price of the Company's common stock	94.50%-94.70	%		93.60%-93.70	%
Expected life of the options (years)	8.0			8.0

Summary of Stock Option Activity

A summary of our stock option activity for all options and related information for the years ended September 30, 2014 and 2013, respectively, is as follows (in thousands except for share prices):

	Options (shares)			Weighted- Average Exercise Price		Weighted- Average Grant Date Fair Value		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding - October 1, 2012		354		$	1.99
Exercised		(7	)	$	1.35	$	1.14
Granted		178		$	1.46	$	1.20
Terminated		(46	)	$	2.35
Outstanding - September 30, 2013		479		$	1.77	$	1.35		7.9	$	43
Outstanding - October 1, 2013		479		$	1.77
Exercised		(11	)	$	1.14	$	0.95
Granted		40		$	2.69	$	2.25
Terminated		(82	)	$	2.00
Outstanding - September 30, 2014		426		$	1.83	$	1.41		7.2	$	348
Exercisable at September 30, 2014		317		$	1.83	$	1.38		6.7	$	279

Summary of Non-Vested Options

The aggregate intrinsic value is the product of the total options outstanding and the net positive difference of our common share price on September 30, 2014 and the options' exercise price. A summary of non-vested options for the year ended September 30, 2014 is as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Non-vested options at October 1, 2013		261			$	1.11
Granted		40			$	2.25
Vested		(131	)		$	1.08
Forfeited		(61	)		$	1.20
Non-vested options at September 30, 2014		109			$	1.51

Schedule of Outstanding and Exercisable Options

The following table summarizes outstanding and exercisable options as of September 30, 2014 (in thousands except per share amounts):

Range of Exercise Prices		Shares Outstanding		Weighted- Average Remaining Contractual Life (Years)		Weighted- Average Exercise Price		Shares Exercisable		Weighted- Average  Exercise Price
$	0.79-1.01		86		6.54	$	0.96		62	$	0.96
$	1.02-4.59		296		8.12	$	1.58		211	$	1.38
$	4.60-8.79		44		2.13	$	5.18		44	$	5.18