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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2014
Stock-Based Compensation [Abstract]  
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 2013

Incentive Stock

Options

Fiscal 2013

Non-Statutory Stock

Options

Fiscal 2014

Incentive

Stock Options

Expected term (years)

6.5

6.4 to 7.1

6.5

Expected volatility

110.5%

106% to 112.3%

112.11%

Risk-free interest rate

1.13%

1.28% to 1.84%

1.94%

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, 2014 is presented in the following table:

         

 

Options

Weighted

Average

Exercise Price

Weighted Average

Remaining

Contractual Life (Yrs.)

Aggregate

Intrinsic Value

Outstanding-beg of year

324,854 

$

4.35

 

 

Granted

89,500 

$

2.48

 

 

Exercised

 

 

 

Forfeited

 

 

 

Expired

(7,117)

$

10.80

 

 

Outstanding Mar 31, 2014

407,237 

$

3.82

7.6

$

228,000

 

 

 

 

 

Exercisable Mar 31, 2014

207,316 

$

5.21

6.1

$

133,000