XML 33 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Option Plans (Tables)
12 Months Ended
Sep. 30, 2012
Stock Option Plans [Abstract]  
Schedule of stock option activity
A summary of stock option activity is as follows:
 
 
 
Year Ended September 30
 
 (Number of Options in Thousands)
 
2012
 
 
2011
 
 
 
 
 
 
 
 
Number of options outstanding:
 
 
 
 
 
 
Beginning of year
 
 
301
 
 
 
388
 
Granted
 
 
1,747
 
 
 
 
Exercised
 
 
 
 
 
(12
)
Terminated
 
 
(301
)
 
 
(75
)
 
 
 
 
 
 
 
 
 
End of year
 
 
1,747
 
 
 
301
 
 
 
 
 
 
 
 
 
 
Number of options exercisable at end of year
 
 
1,658
 
 
 
255
 
Number of options available for grant at end of year
 
 
1,201
 
 
 
731
 
 
 
 
 
 
 
 
 
 
Weighted average option prices per share:
 
 
 
 
 
 
 
 
Granted during the year
 
$
.41
 
 
$
 
Exercised during the year
 
 
 
 
 
.40
 
Terminated during the year
 
 
 
 
 
1.26
 
Outstanding at end of year
 
 
.38
 
 
 
.95
 
Exercisable at end of year
 
 
.40
 
 
 
1.00
 
 
Schedule of stock options outstanding
Stock options outstanding as of September 30, 2012 were as follows (number of options in thousands):

Range of
Exercise Prices
 
Number Outstanding
 
Weighted Average Price
Number Exercisable
 
Weighted Average Price
Average Remaining Life (Years)
 
 
 
 
 
 
 
 
 
 
 
 
Under $1.00
 
1,747
 
$
.38
 
1,658
 
$
.40
4
$
1.25 to $2.39
 
 
 
 
Schedule of black-Scholes option pricing model and weighted average assumptions
The average fair value of stock options granted was estimated to be $0.26 per share in fiscal 2012.  No stock options were issued in fiscal year 2011.   This estimate was made using the Black-Scholes option pricing model and the following weighted average assumptions:
 
 
 
2012
 
 
2011
 
 
 
 
 
 
 
Expected option life (years)
 
 
5.0
 
 
 
 
 
Expected stock price volatility
 
 
76
%
 
 
 
 
Expected dividend yield
 
 
%
 
 
 
 
Risk-free interest rate
 
 
.91
%