Note 15 - Stock Based Compensation

9 Months Ended

Jun. 30, 2015

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

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

NOTE 15. STOCK BASED COMPENSATION

Restricted Stock Units

During the nine months ended June 30, 2015 and 2014, the Company recorded stock based compensation expense, related to restricted stock units of $158,000 and $179,000, respectively.

A summary of the Company's non-vested restricted stock units for the nine months ended June 30, 2015 is as follows: 

	Shares			Weighted Average Grant Date Fair Value per share *
Non-vested restricted stock units at October 1, 2014		57,790		$	4.38
Forfeited		(1,692	)	$	6.71
Non-vested restricted stock units at June 30, 2015		56,098		$	3.75

*For independent advisors, the weighted average grant date fair value per share is calculated as the weighted average vesting date fair value, or if not vested, the value at the balance sheet date.

At June 30, 2015, there was $53,000 of unrecognized compensation expense related to unvested restricted stock units, which is expected to be recognized in the fourth quarter of fiscal 2015. 

Stock Options

Information with respect to stock option activity during the nine months ended June 30, 2015 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, 2014		1,218,000		$	6.40	$	1.00		4.69	$	104,000
Granted		180,000		$	5.50	$	1.80		7.98
Forfeited or expired		(10,000	)	$	5.00	$	2.30		8.30
Outstanding at June 30, 2015		1,388,000		$	6.32	$	1.12		4.44	$	26,400
Vested and exercisable at June 30, 2015		1,258,000		$	6.39	$	1.05		4.09	$	26,400

During the nine months ended June 30, 2015 and 2014 the Company recognized compensation expense of $312,000 and $466,000, respectively, related to stock options, and had approximately $193,000 of unamortized compensation costs related to non-vested options, which will be recognized in the fourth quarter of fiscal 2015.

Warrants

There were 64,676 warrants outstanding at June 30, 2015, all of which were exercisable, had an exercise price of $5.00 and expired unexercised in July 2015. In June 2015, 25,000 warrants with an exercise price of $5.00 expired unexercised.