Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Inventory

Inventory consists of the following (in thousands):

	June 30, 2015		September 30, 2014
Raw materials and supplies	$	484	$	549
Finished goods		1,234		1,172
	$	1,718	$	1,721

Fair Value Assumptions for Stock Options Granted

The fair value of each option grant is estimated using the assumptions in the following table:

	Nine months ended June 30,
	2015	2014
Expected life	4.8-5.0 years	4.8-4.9 years
Risk-free interest rate	0.96%-1.04%	0.60%-0.82%
Expected volatility	45.46%-49.47%	47.11%-47.18%
Expected forfeiture rate	10.72%-11.99%	11.6%-12.2%
Expected exercise factor	1.40-1.43	1.39-1.41
Expected dividend yield	0%	0%

Summary of Option Activity

A summary of option activity as of June 30, 2015 and changes during the nine months then ended is presented below:

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Period in Years
Outstanding at October 1, 2014		1,240,941		$	10.31		6.9
Granted		313,954			9.26		9.8
Exercised		(11,117	)		7.28		6.9
Forfeited		(74,051	)		11.90		4.2
Outstanding at June 30, 2015		1,469,727			10.03		6.8
Exercisable at June 30, 2015		865,629			10.52		5.6

Summary of Status of Company's Non-vested Shares

A summary of the status of the Company’s non-vested shares and changes during the nine month period ended June 30, 2015 is presented below:

	2015
Non-vested Shares	Shares			Weighted-Average Grant Date Fair Value
Non-vested at October 1, 2014		539,519		$	3.29
Granted		313,954			3.19
Vested		(227,629	)		2.98
Forfeited		(21,746	)		1.95
Non-vested at June 30, 2015		604,098		$	3.35

Computation of Basic and Diluted Weighted Average Shares Used in Earnings Per Share Calculations

The following table sets forth the computation of basic and diluted weighted average shares used in the earnings per share calculations:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2015		2014		2015		2014
Denominator for basic earnings per share - weighted average common shares		4,355,049		4,246,265		4,324,868		4,147,938
Effect of dilutive options (treasury method)		—		146,757		—		—
Denominator for diluted earnings per share - adjusted weighted average common shares		4,355,049		4,393,022		4,324,868		4,147,938
Options and warrants outstanding during each period, but not included in the computation of diluted earnings per share because they are antidilutive		1,581,529		1,197,980		1,581,529		1,197,980