Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2013

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:

	December 2011 Non-Statutory Stock Options	January 2013 Non-Statutory Stock Options	January 2013 Incentive Stock Options
Expected term (years)	7.5	7.1	6.5
Expected volatility	95.71%	105.96%	110.53%
Risk-free interest rate	1.47%	1.28%	1.13%
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 six months ended March 31, 2013 is presented in the following table:

	Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (Yrs.)	Aggregate Intrinsic Value
Outstanding-beg of year	175,289	$  6.18
Granted	122,421	$  2.31
Exercised	-
Forfeited	-
Expired	(  3,857)	$  8.10
Outstanding Mar 31, 2013	293,853	$  4.54	7.5	$  181,000
Exercisable Mar 31, 2013	130,200	$  7.65	5.6	$  53,000