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Stockholders' Equity (Tables)
12 Months Ended
Sep. 30, 2012
Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants

In addition to the exercise and grant date prices of the awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:

 

Fiscal 2012

Non-Statutory Stock Options

Fiscal 2011

Incentive Stock Options

Fiscal 2011

Non-Statutory Stock Options

Expected term (years)

7.1 to 7.5

6.5

6.7

Expected volatility

95.71 % to 104.8%

98.5%

97.4%

Risk-free interest rate

1.13% to 1.47%

2.46%

2.52%

Expected dividends

0

0

0

Summary of Stock Option Activity under Share Based Compensation Plan

A summary of stock option activity under our share-based compensation plan for the fiscal year ended September 30, 2012 is presented in the following table:

 

Options

Weighted Average Exercise Price

Weighted Average Remaining Contractual Life (Yrs.)

Aggregate Intrinsic Value

Outstanding-beg of year

166,022

$6.89

 

 

Granted

34,000

$1.37

 

 

Exercised

0

 

 

 

Forfeited

(5,667)

$1.34

 

 

Expired

(19,066)

$5.25

 

 

Outstanding Sept 30, 2012

175,289

$6.18

6.3

$0

Exercisable Sept 30, 2012

112,418

$8.60

5.3

$0