Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2015

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 stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:

	Fiscal 2015 Incentive Stock Options			Fiscal 2015 Non-StatutoryStock Options			Fiscal 2014 Incentive Stock Options
Expected term (years)		6.5			6.5			6.5
Expected volatility		87.40	%		87.40	%		112.11	%
Risk-free interest rate		1.85	%		1.85	%		1.94	%
Expected dividends		0			0			0

Summary of Stock Option Activity under Share Based Compensation Plan

The following table summarizes stock option activity for the six month period ended March 31, 2015 under all plans:

	Shares			Weighted Average Exercise Price		Weighted Avg. Remaining Contractual Life (Yrs.)
Outstanding-beg of year		396,910		$	3.87
Options granted		184,826		$	7.79
Options exercised		(22,550	)	$	2.01
Forfeited		0
Expired		(11,853	)	$	9.33
Outstanding Mar 31, 2015		547,333		$	5.15		7.8
Exercisable Mar 31, 2015		162,586		$	5.56		5.0

Schedule of Non-vested Restricted Stock Activity

A summary of the status of non-vested restricted stock as of March 31, 2015 is presented below.

	Shares		Weighted Average Grant Date Fair Value Per Share
Non-vested shares at beg of year		123,840	$	3.23
Granted		0
Vested		0
Non-vested shares at Mar 31, 2015		123,840	$	3.23