XML 44 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The weighted-average assumptions used to compute the fair value of options granted for the fiscal years ended September 30 were as follows:
 
 
 
2015
 
2014
 
Risk-free interest rate
 
2.15
%
2.36
%
Dividend yield
 
0.00
%
0.00
%
Volatility of the expected market price of the Company's common shares
 
95.70%- 100.10
%
94.50%- 94.70
%
Expected life of the options (years)
 
8.0
 
8.0
 
Schedule of Share-based Compensation, Stock Options, Activity
A summary of our stock option activity for all options and related information for the years ended September 30, 2015 and 2014, 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
 
Aggregate
Intrinsic
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding - October 1, 2014
 
426
 
$
1.83
 
 
 
 
 
 
 
 
 
Exercised
 
(128)
 
$
1.38
 
$
1.12
 
 
 
 
 
 
Granted
 
65
 
$
2.07
 
$
1.72
 
 
 
 
 
 
Terminated
 
(44)
 
$
4.23
 
 
 
 
 
 
 
 
 
Outstanding - September 30, 2015
 
319
 
$
1.73
 
$
1.38
 
7.1
 
$
95
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at September 30, 2015
 
232
 
$
1.59
 
$
1.23
 
6.4
 
$
95
 
Schedule Of Outstanding And Exercisable Options
The following table summarizes outstanding and exercisable options as of September 30, 2015 (in thousands except per share amounts):
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
 
average
 
Weighted
 
 
 
Weighted
 
Range of
 
 
 
Remaining
 
average
 
 
 
average
 
Exercise
Prices
 
Shares
Outstanding
 
Contractual
Life (Yrs)
 
Exercise
Price
 
Shares
Exercisable
 
Exercise
Price
 
$0.79 - $1.01
 
86
 
5.54
 
$
0.96
 
86
 
$
0.96
 
$1.02 - $4.59
 
217
 
8.09
 
$
1.78
 
130
 
$
1.56
 
$4.60 - $8.79
 
16
 
2.93
 
$
5.09
 
16
 
$
5.09