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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2013
STOCK-BASED COMPENSATION [Abstract]  
Schedule of Fair Value Assumptions

The weighted-average assumptions used to compute the fair value of options granted for the fiscal years ended September 30 were as follows:

 

    2013     2012  
Risk-free interest rate     1.42%       1.39%  
Dividend yield     0.00%       0.00%  
Volatility of the expected market price of the Company's common stock     93.60%-93.70%       93.00%-97.00%  
Expected life of the options (years)     8.0       7.0 - 8.0  
Summary of Stock Option Activity

A summary of our stock option activity for all options and related information for the years ended September 30, 2013 and 2012, respectively, is as follows (in thousands except for share prices):

 

    Options
(shares)
    Weighted-
Average
Exercise Price
    Weighted-
Average Grant
Date Fair Value
    Weighted-Average
Remaining
Contractual Life
(Years)
    Aggregate
Intrinsic
Value
 
                               
Outstanding - October 1, 2011     673     $ 2.65                          
Exercised     -     $ -                          
Granted     200     $ 1.30     $ 1.05                  
Terminated     (519 )   $ 2.58                          
Outstanding - September 30, 2012     354     $ 1.99     $ 1.46       8     $ 42  
                                         
                                         
Outstanding - October 1, 2012     354     $ 1.99                          
Exercised     (7 )   $ 1.35     $ 1.14                  
Granted     178     $ 1.46     $ 1.20                  
Terminated     (46 )   $ 2.35                          
Outstanding - September 30, 2013     479     $ 1.77     $ 1.35       7.9     $ 43  
                                         
Exercisable at September 30, 2013     218     $ 2.27     $ 1.64       7     $ 20  
Summary of Non-Vested Options

The aggregate intrinsic value is the product of the total options outstanding and the net positive difference of our common share price on September 30, 2013 and the options' exercise price. A summary of non-vested options for the year ended September 30, 2013 is as follows:

 

    Number
of Shares
    Weighted-
Average Grant
Date Fair Value
 
             
Non-vested options at October 1, 2012     260     $ 1.06  
Granted     178     $ 1.20  
Vested     (152 )   $ 1.25  
Forfeited     (25 )   $ 1.05  
Non-vested options at September 30, 2013     261     $ 1.11  
Schedule of Outstanding and Exercisable Options

The following table summarizes outstanding and exercisable options as of September 30, 2013 (in thousands except per share amounts):

 

Range of Exercise Prices     Shares
Outstanding
    Weighted-
Average
Remaining
Contractual
Life (Years)
   

Weighted-
Average
Exercise Price 

    Shares
Exercisable
   

Weighted-
Average
Exercise Price 

 
$ 0.79-1.01       108       7.40     $ 0.97       49     $ 0.98  
$ 1.02-4.59       314       8.91     $ 1.43       112     $ 1.35  
$ 4.60-8.79       57       3.24     $ 5.22       57     $ 5.22