Stock-Based Compensation (Tables)

9 Months Ended

Jun. 30, 2014

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 nine months ended June 30, 2014 is presented in the following table:


	Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (Yrs.)	Aggregate Intrinsic Value
Outstanding October 1, 2013	324,854	$ 4.35
Granted	89,500	$ 2.48
Exercised	(5,000)	$ 2.44
Forfeited	0
Expired	(7,117)	$ 10.80
Outstanding June 30, 2014	402,237	$ 3.84	7.3	$ 520,000

Exercisable June 30, 2014	202,316	$ 5.28	5.7	$ 245,000