11. Stock-based Compensation (Tables)

6 Months Ended

Mar. 31, 2017

Share-based Compensation [Abstract]

Stock option activity

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Intrinsic Value
Outstanding at September 30, 2016		175,000	$	11.22		3.75	$	346,500
Granted		36,668
Exercised		–
Forfeited		–
Outstanding at March 31, 2017		211,668	$	13.19		3.98	$	899,875
Exercisable at March 31, 2017		168,750	$	8.85		2.54	$	899,875

Stock option exercise price

Outstanding				Exercisable
Number of		Exercise		Number of		Exercise
Options		Price		Options		Price
	31,250	$	5.00		31,250	$	5.00
	25,000		7.50		25,000		7.50
	31,250		10.00		31,250		10.00
	4,167		10.86
	4,167		10.86
	4,167		10.86
	4,167		10.86
	6,250		12.50		6,250		12.50
	6,250		15.00		–		15.00
	75,000		15.18		75,000		15.18
	4,000		23.41
	4,000		27.60
	4,000		31.74
	4,000		36.50
	4,000		41.98
	211,668				168,750

Non-vested share activity

Non-vested Shares	Number of Shares		Weighted Average Grant-Date Fair Value
Non-vested at September 30, 2016	6,250	$	14.22
Granted	36,668	$	17.70
Vested	–
Non-vested at March 31, 2017	42,918	$	17.19

Assumptions used

Risk-free interest rate	1.25%
Expected life of the options	5.0 to 10.0 years
Expected volatility	107%
Expected dividend yield	0%