Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2016

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 2016 Incentive Stock Options	Fiscal 2015 Incentive Stock Options	Fiscal 2015 Non-Statutory Stock Options
Expected term (years)	6.5 to 7.5	6.5	6.5
Expected volatility	81.77% to 89.08%	87.40% to 112.11%	87.40%
Risk-free interest rate	1.65% to 2.07%	1.85% to 1.94%	1.85%
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, 2016 under all plans:

	Shares			Weighted Average Exercise Price	Weighted Avg. Remaining Contractual Life (Yrs.)
Outstanding-beginning of year		540,444		$5.27
Options granted		76,796		$5.31
Options exercised		(6,864	)	$2.20
Forfeited		(12,991	)	$8.08
Expired		(13,917	)	$17.04
Outstanding March 31, 2016		583,468		$4.97	7.4
Exercisable March 31, 2016		294,533		$4.45	6.1

Schedule of Non-vested Restricted Stock Activity

A summary of the status of non-vested restricted stock as of March 31, 2016 is presented below.

	Shares			Grant Date Fair Value Per Share
Non-vested shares at beg of year		148,426		$3.23 to $8.60
Granted		44,755		$4.18
Forfeited		(8,721	)
Vested		0
Non-vested shares at March 31, 2016		184,460