Nature of Operations and Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Sep. 30, 2014
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Accounting Policies [Abstract] |
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Potentially Dilutive Common Shares |
At September 30, 2014, 2013 and 2012, the following
potentially dilutive common shares were excluded from the net loss
per share calculation, as they would have been antidilutive:
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2014 |
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2013 |
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2012 |
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Stock options
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2,334,326 |
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2,824,964 |
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3,512,286 |
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Warrants
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6,667 |
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6,667 |
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6,667 |
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Restricted stock units
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1,101,303 |
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692,504 |
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515,834 |
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Total potentially dilutive common shares outstanding
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3,442,296 |
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3,524,135 |
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4,034,787 |
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Computation of Basic and Diluted Net Loss Per Share |
The computation of basic and diluted net loss per share for the
fiscal years ended September 30, 2014, 2013 and 2012 is as
follows:
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2014 |
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2013 |
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2012 |
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Net loss
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$ |
(5,291,869 |
) |
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$ |
(7,275,706 |
) |
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$ |
(7,839,996 |
) |
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Weighted-average common shares and share equivalents
outstanding—basic
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30,446,063 |
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27,492,670 |
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25,124,179 |
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Effect of dilutive stock options
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— |
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— |
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— |
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Weighted-average common shares and share equivalents
outstanding—diluted
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30,446,063 |
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27,492,670 |
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25,124,179 |
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Net loss per share:
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Basic
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$ |
(0.17 |
) |
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$ |
(0.26 |
) |
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$ |
(0.31 |
) |
Diluted
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$ |
(0.17 |
) |
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$ |
(0.26 |
) |
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$ |
(0.31 |
) |
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Summary of Accounts Receivable, Net |
Accounts receivable, net, is as follows (in thousands):
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September 30,
2014 |
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September 30,
2013 |
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Accounts receivable
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$ |
2,961,450 |
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$ |
1,506,627 |
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Less: Allowance for doubtful accounts
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(6,100 |
) |
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(12,000 |
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Accounts receivable, net
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$ |
2,955,350 |
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$ |
1,494,627 |
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Summary of Property and Equipment |
The following is a summary of property and equipment as of
September 30, 2014 and 2013:
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2014 |
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2013 |
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Property and equipment—at cost:
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Equipment
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$ |
1,177,364 |
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$ |
1,054,868 |
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Furniture and fixtures
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227,189 |
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227,189 |
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Leasehold improvements
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980,837 |
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975,838 |
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2,385,390 |
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2,257,895 |
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Less: accumulated depreciation and amortization
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(1,092,120 |
) |
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(628,231 |
) |
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Total property and equipment, net
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$ |
1,293,270 |
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$ |
1,629,664 |
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Components of Comprehensive Loss |
The following table summarizes the components of comprehensive loss
for the fiscal years ended September 30, 2014, 2013 and
2012:
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2014 |
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2013 |
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2012 |
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Net loss
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$ |
(5,291,869 |
) |
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$ |
(7,275,706 |
) |
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$ |
(7,839,996 |
) |
Other comprehensive loss:
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Change in unrealized gains (losses) on marketable securities
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(9,648 |
) |
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2,454 |
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9,239 |
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Total comprehensive loss
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$ |
(5,301,517 |
) |
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$ |
(7,273,252 |
) |
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$ |
(7,830,757 |
) |
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