XML 51 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 14 - Stock Based Compensation
9 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
NOTE 14. STOCK BASED COMPENSATION
 
Stock Options
 
Information with respect to stock option activity during the nine months ended June 30, 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, 2015
 
 
1,370,000
 
 
$
6.34
 
 
$
1.14
 
 
 
 
 
 
$
 
Forfeited
 
 
(45,500
)
 
$
6.32
 
 
$
1.44
 
 
 
 
 
 
$
 
Expired
 
 
(100,000
)
 
$
4.30
 
 
$
8.90
 
 
 
 
 
 
$
 
Outstanding at June 30, 2016
 
 
1,224,500
 
 
$
6.51
 
 
$
1.23
 
 
 
3.57
 
 
$
 
Vested and exercisable at June 30, 2016
 
 
1,162,500
 
 
$
6.56
 
 
$
1.18
 
 
 
3.40
 
 
$
 
 
During the nine months ended June 30, 2016 and 2015, the Company recognized compensation expense of $125,000 and $470,000, respectively, related to stock options (and restricted stock units in 2015) and as of June 30, 2016, had approximately $76,000 of unamortized compensation costs related to non-vested options, which will be recognized by 2017.
 
Warrants
 
As of June 30, 2016, there are 43,116 vested warrants outstanding to purchase common stock at an exercise price of $5.00 per share of which 20,087 expired in July 2016, 20,087 expire in July 2017 and 1,471 expire in each of  October 2016 and 2017. The Company had previously reported at September 30, 2015 that  such warrants had expired.