STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2016

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:

	2016		2015
Risk-free interest rate		1.58%		2.15%
Dividend yield		0.00%		0.00%
Volatility of the expected market price of the Company's common shares		97.5%-97.5%		95.70%-100.10%
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, 2016 and 2015, respectively, is as follows (in thousands except for share prices): 

				Weighted-		Weighted-
		Weighted-		Average		Average
		Average		Grant		Remaining		Aggregate
	Options	Exercise		Date		Contractual		Intrinsic
	(shares)	Price		Fair Value		Life		Value
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
Outstanding - October 1, 2015	319	$	1.73
Exercised	(3)	$	1.14	$	0.95
Granted	10	$	0.94	$	0.79
Terminated	(64)	$	1.49
Outstanding - September 30, 2016	262	$	1.76	$	1.39		6.4	$	11
Exercisable at September 30, 2016	209	$	1.75	$	1.36		5.8	$	9

Schedule Of Outstanding And Exercisable Options

The following table summarizes outstanding and exercisable options as of September 30, 2016 (in thousands except per share amounts):

			Weighted
			average		Weighted				Weighted
Range of			Remaining		average				average
Exercise	Shares		Contractual		Exercise		Shares		Exercise
Prices	Outstanding		Life (Yrs)		Price		Exercisable		Price
$0.79 - $1.50		146		5.85	$	1.20		136	$	1.22
$1.51 - $4.00		100		7.83	$	2.04		57	$	2.05
$4.01 - $8.79		16		1.93	$	5.09		16	$	5.09