STOCK BASED COMPENSATION

3 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options

Information with respect to stock option activity during the three months ended December 31, 2016 follows:



	Options		Weighted Average Exercise Price Per Share		Weighted Average Grant- Date Fair Value Per Share		Weighted Average Remaining Contractual term (years)	Aggregate Intrinsic Value
Outstanding at September 30, 2016	1,221,500		$	6.51	$	1.22	3.31	$	—
Forfeited	(7,500	)	$	3.80	$	1.66		$	—
Outstanding at December 31, 2016	1,214,000		$	6.53	$	1.22	3.06	$	—
Vested and exercisable at December 31, 2016	1,214,000		$	6.53	$	1.22	3.06	$	—

As of September 30, 2016, all compensation expense associated with the grants of stock options had been recognized. During the three months ended December 31, 2015, the Company recognized compensation expense of $37,000 related to stock options.

Warrants

The following table summarizes information about warrant activity during the three months ended December 31, 2016 (not including the warrants discussed in Note 18):



	Warrants		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term
Outstanding at September 30, 2016	23,029		$	5.00	0.75
Forfeited or expired	(1,471	)	$	5.00
Outstanding and exercisable at December 31, 2016	21,558		$	5.00	0.54

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details