XML 32 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Stock Options and Stock Purchase Warrants (Tables)
12 Months Ended
Sep. 30, 2012
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
Year Ended
September 30, 2012
   
Year Ended
September 30, 2011
Expected volatility
  117.00%         73.02%  
Risk-free interest rate
  1.00%         1.60%  
Forfeiture rate
0.0%
- 5.0%    
0.0%
- 5.0%
Dividend yield
  0.00%         0.00%  
Expected life in years
  5         4.48  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   
September 30, 2012
               
September 30, 2011
             
   
Shares
   
Weighted-
Average
Exercise
Price
   
Aggregate
Intrinsic
Value
(3)
   
Weighted-
Average
Life
(Years)
   
Shares
   
Weighted-
Average
Exercise
Price
   
Aggregate
Intrinsic
Value
(2)
   
Weighted-
Average
Life
(Years)
 
Outstanding beginning of period
    774,576     $ 3.33                   590,078     $ 3.22              
Granted
    5,000     $ 1.50                   190,000     $ 3.62              
Exercised
    -                           (600 )   $ 3.00              
Cancelled
    (9,803 )   $ 6.75                   (4,902 )   $ 5.45              
Outstanding end of period (1)
    769,773     $ 3.21       -       3.0       774,576     $ 3.33       -       4.0  
Options exercisable at end of period
    738,573     $ 3.21       -       3.0       516,616     $ 3.14       -       3.9  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Range of exercise prices
$
 
Number
outstanding at
September 30,
2012
#
   
Number
exercisable at
September 30,
2012
#
   
Weighted
average
exercise price
$
   
Weighted
average
remaining
contractual life
Years
   
Weighted
average
exercise price
of options
exercisable at
September 30,
2012
$
 
$1.50 - $3.00
    395,401       395,401       2.78       3.0       2.78  
$3.30 - $3.40
    278,500       278,500       3.34       2.9       3.34  
$3.75 - $6.75
    100,672       64,672       5.23       3.3       5.25  
Schedule of Warrant Activity [Table Text Block]
   
Number
   
Average
Exercise Price
Per Share
 
Shares purchasable under outstanding warrants at October 1, 2010
    862,041     $ 1.00  
Stock purchase warrants granted in connection with land sale
    150,000     $ 2.50  
Stock purchase warrants granted with equity sales
    75,000     $ 1.00  
Stock purchase warrants exercised
    (75,000 )   $ 1.00  
Shares purchasable under outstanding warrants at September 30, 2011
    1,012,041     $ 1.45  
Shares purchasable under outstanding warrants at September 30, 2012
    1,012,041     $ 1.45  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
Description
 
Number of
Common Shares
   
Exercise Price
Per Share
 
Expiration Date
Warrants
    541,000     $ 1.00  
December 31, 2014
Warrants
    170,000     $ 2.50  
March 31, 2013
Warrants (1)
    51,041     $ 2.50  
May 28, 2013
Warrants (2)
    100,000     $ 0.01  
May 28, 2013
Warrants
    50,000     $ 2.50  
October 22, 2015
Warrants
    50,000     $ 2.50  
November 12, 2015
Warrants
    50,000     $ 2.50  
January 12, 2016
      1,012,041