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Fair Value Accounting (Tables)
12 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring
The following table lists our financial assets and liabilities that are measured at fair value on a recurring basis:

Fair Value Measurement
 
 
 
 
 
 
 
(in thousands)
Level 1
 
Level 2
 
Level 3
 
 
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Remaining Inputs
 
Significant Unobservable Inputs
 
Total
As of September 30, 2014
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
20,687

 

 

 
$
20,687

Restricted cash
1,482

 

 

 
1,482

Liabilities:
 
 
 
 
 
 
 
Warrant liability

 
122

 

 
122

As of September 30, 2013
 
 
 
 
 
 
 
Assets:
 

 
 

 
 

 
 

Cash and cash equivalents
$
16,104

 

 

 
$
16,104

Restricted cash
815

 

 

 
815

Liabilities:
 

 
 

 
 

 
 

Warrant liability

 
155

 

 
155



Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
Assumptions used in Monte Carlo Option Valuation Model
 
Warrants issued on October 1, 2009

 
As of September 30, 2014
 
As of September 30, 2013
Number of warrants issued
 
400,001

 
400,001

Expiration date
 
4/1/2015

 
4/1/2015

Exercise price
 
$6.76 - $9.44

 
$6.76 - $9.44

Expected dividend yield
 

 

Expected stock price volatility
 
51.71
%
 
51.52
%
Risk-free interest rate 
 
0.30
%
 
0.22
%
Expected term (in years)
 
0.5

 
1.5

Total warrant valuation
 
$121,667
 
$155,000