XML 44 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Sep. 30, 2013
Stockholders' Equity [Abstract]  
Schedule of Public Offering


Per Share

Total

Public offering price

$

2.500

$

5,500,000

Underwriting discounts and commissions

$

0.175

$

385,000

Proceeds, before expenses, to us

$

2.325

$

5,115,000

Expenses, to us

$

0.207

$

456,000

Net proceeds, to us

$

2.118

$

4,659,000

Schedule of 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 2013

Incentive Stock

Options

Fiscal 2013

Non-Statutory Stock

Options

Expected term (years)

7.1 to 7.5

6.5

6.4 to 7.1

Expected volatility

95.71 % to 104.8%

110.5%

106% to 112.3%

Risk-free interest rate

1.13% to 1.47%

1.13%

1.28% to 1.84%

Expected dividends

0

0

0

Schedule 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, 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

157,421 

$2.34



Exercised




Forfeited

(4,000)

$1.89



Expired

(3,857)

$8.10



Outstanding Sept 30, 2013

324,853 

$4.35

7.3

$

75,000

Exercisable Sept 30, 2013

161,200 

$6.66

6.1

$

29,000

Schedule of Warrant Activity

A summary of warrant activity for the fiscal year ended September 30, 2013 is presented in the following table:

     


Number of

Shares

Weighted Average

Exercise Price Per Share

Outstanding-beg of year

70,871 

$2.82

Issued

3,795,000 

$2.67

Expired

(70,871)

$2.82

Outstanding and exercisable at Sept 30, 2013

3,795,000 

$2.67