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Stock Options (Tables)
12 Months Ended
Sep. 30, 2012
Stock Options [Abstract]  
Fair value of stock options
 

 
   
Fiscal 2012
   
Fiscal 2012
 
   
Employee
   
Non-Employee
 
   
Stock Options
   
Stock Options
 
Expected term (years)
    3.5       10  
Expected volatility
    57.57 %     57.57% - 71.34 %
Risk-free interest rate
    0.40 %     1.96% - 2.03 %
Expected dividends
    0       0  
 
Summary of the Company’s stock option
 
 

 
   
Year Ended September 30, 2012
 
   
Number of
   
Weighted Average
 
   
Options
   
Exercise Price
 
Options outstanding at September 30, 2011
    -     $ -  
Options granted
    3,720,000       4.12  
Options expired
    -       -  
Options cancelled
    (500,000 )     4.09  
Options outstanding at September 30, 2012
    3,220,000     $ 4.12  
Options exercisable at September 30, 2012
    116,666     $ 4.23  
 
Changes in the Company’s unvested options
 
   
Year Ended September 30, 2012
 
   
Number of
   
Weighted Average
 
   
Options
   
Exercise Price
 
Non-vested options at September 30, 2011
    -     $ -  
Options granted
    3,720,000       4.12  
Options vested
    (116,666 )     4.23  
Options cancelled
    (500,000 )     4.09  
Non-vested options at September 30, 2012
    3,103,334     $ 4.12  
 
Options Outstanding
 
     
Options Outstanding
   
Options Exercisable
 
           
Remaining
                   
           
Average
   
Weighted
         
Weighted
 
 
Range of
       
Contractual
   
Average
         
Average
 
 
Exercise
 
Number
   
Life
   
Exercise
   
Number
   
Exercise
 
 
Price
 
Outstanding
   
(In Years)
   
Price
   
Exercisable
   
Price
 
$
4.68
    75,000       4.13     $ 4.68       -     $ -  
 
          4.25
    385,000       9.14       4.25       100,000       4.25  
 
          4.20
    10,000       9.23       4.20       -       -  
 
          4.09
    2,750,000       9.38       4.09       16,666       4.09  
 
Totals
    3,220,000       9.22     $ 4.12       116,666     $ 4.23