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Stock Options (Tables)
12 Months Ended
Sep. 30, 2013
Stock Options [Abstract]  
Assumptions used to estimate the fair value of the stock option grants
 
 
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
 
 
Fiscal 2013
Employee
Stock Options
Fiscal 2013
Non-Employee
Stock Options
Expected term (years)
3
8.8
Expected volatility
89.43%
89.43%
Risk-free interest rate
.37%
1.55%
Expected dividends
0
0
 
 
Summary of the Company's stock option plans and changes
 
   
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
 
 
   
Year Ended September 30, 2013
 
   
Number of
   
Weighted Average
 
   
Options
   
Exercise Price
 
Options outstanding at September 30, 2012
   
3,220,000
   
$
4.12
 
Options granted
   
520,000
     
1.71
 
Options expired
   
-
     
-
 
Options cancelled
   
(1,200,000
)
   
4.09
 
Options outstanding at September 30, 2013
   
2,540,000
   
$
3.64
 
Options exercisable at September 30, 2013
   
499,996
   
$
2.95
 
 
 
Summary of changes in the Company's unvested options
 
   
Number of
   
Weighted Average
   
Weighted
Average
Grant Date
 
   
Options
   
Exercise Price
   
Fair Value
 
Non-vested options at September 30, 2012
   
3,103,334
   
$
4.12
   
$
.25
 
Options granted
   
520,000
     
1.71
     
1.00
 
Options vested
   
(383,330
)
   
2.55
     
1.25
 
Options cancelled
   
(1,200,000
)
   
4.09
     
-
 
Non-vested options at September 30, 2013
   
2,040,004
   
$
3.82
   
$
.39
 
 
Summary of Options Outstanding and Options Exercisable
 
     
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
     
3.13
   
$
4.68
     
25,000
   
$
4.68
 
 
4.25
     
385,000
     
8.14
     
4.25
     
194,997
     
4.25
 
 
4.20
     
10,000
     
8.14
     
4.20
     
3,333
     
4.20
 
 
4.09
     
1,550,000
     
8.38
     
4.09
     
16,666
     
4.09
 
 
1.71
     
520,000
     
8.14
     
1.71
     
260,000
     
1.71
 
Totals
     
2,540,000
     
8.13
   
$
3.64
     
499,996
   
$
2.95