XML 34 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900
7. STOCK COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Employees and non-employees stock compensation
    Year Ended September 30,  
    2015     2014     2013  
Employees   $ 5,105,827     $ 3,958,637     $ 2,636,905  
Non-employees   $ 565,915     $ 771,946     $ 454,855  
Assumptions for Option Pricing
    2015     2014     2013  
Expected stock price volatility     73.38 – 86.19 %     72.81 – 86.87 %     84.41-92.28 %
Risk-free interest rate     0.93 – 2.35 %     0.59 – 2.65 %     0.75-2.73 %
Expected life of options   3.0 – 9.76 Years     3.0 – 9.76 Years       4.85-9.77  
Expected dividend yield     -       -       -  
Stock Option Plans
    Outstanding     Exercisable  
   

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted

Ave

Remaining Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

   

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted

Ave

Remaining Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
Outstanding at October 1, 2013     5,188,141     $ 3.62       6.53     $ 133       2,422,997     $ 4.00       4.95     $ 133  
                                                                 
Vested                                     1,094,803     $ 2.14                  
Granted (a)     1,723,240     $ 1.09                                                  
Exercised                                                                
Forfeited     6,316     $ 1.60                                                  
Expired     73,916     $ 4.29                       73,916     $ 4.29                  
Cancelled                                                                
                                                                 
Outstanding at September 30, 2014     6,831,149     $ 2.98       6.55     $ 3,600       3,443,884     $ 3.40       5.49     $ 3,600  
Vested                                     1,153,357     $ 2.48                  
Granted (b)     893,700     $ 0.66                                                  
Exercised                                                                
Forfeited     116,665     $ 1.87                                                  
Expired     70,499     $ 4.15                       70,499     $ 4.15                  
Cancelled                                                                
                                                                 
Outstanding at September 30, 2015     7,537,685     $ 2.71       5.98     $ 50       4,526,742     $ 3.15       5.01     $ 0  

 

(a)    Includes 80,000 stock options granted to consultants
(b)   Includes 90,000 stock options granted to consultants

Schedule of non-vested options

     

Number of

Shares

     

Weighted Average

Grant Date

Fair Value

 
                 
Unvested at October 1, 2013     2,765,144     $ 2.79  
Vested     (1,094,803 )        
Granted     1,723,240          
Forfeited     (6,316 )        
Unvested at September 30, 2014     3,387,265     $ 2.15  
Vested     (1,153,357 )        
Granted     893,700          
Forfeited     (116,665 )        
Unvested at September 30, 2015     3,010,943     $ 1.72  

 

Schedule of restricted stock units

    Number of Shares     Weighted Average Grant Date Fair Value  
Unvested at October 1, 2013     -       -  
     Vested     -          
     Granted     15,700,000          
     Forfeited     -          
Unvested at September 30, 2014     15,700,000     $ 0.55  
     Vested     (500,000 )        
     Granted     -          
     Forfeited     (100,000 )        
Unvested at September 30, 2015     15,100,000     $ 0.55