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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Fair Value Calculations for Stock-Based Compensation Awards
The fair value calculations for stock-based compensation awards to employees for the fiscal years ended September 30, 2017, 2016, and 2015 were based on the following assumptions:
 
2017
 
2016
 
2015
Risk-free interest rate
1.68% – 1.92%
 
1.43% – 1.66%
 
1.29% – 1.66%
Expected life (years)
5.25
 
5.90
 
5.30
Expected volatility
74%
 
83%
 
90%
Expected dividends
None
 
None
 
None
Stock-Based Compensation Expense Related to Stock Options and RSUs
The following table summarizes stock-based compensation expense under ASC 718 for the fiscal years ended September 30, 2017, 2016, and 2015, which were allocated as follows (amounts shown in thousands):
 
2017
 
2016
 
2015
Cost of revenue
$
52

 
$
39

 
$
30

Sales and marketing
1,577

 
1,099

 
713

Research and development
1,028

 
660

 
592

General and administrative
2,821

 
2,281

 
2,032

Stock-based compensation expense related to employee
   stock options included in expenses
$
5,478

 
$
4,079

 
$
3,367

Stock Option Activity
The following table summarizes stock option activity under the Company’s stock option plans during the fiscal years ended September 30, 2017, 2016, and 2015
 
Number of
Shares
 
Weighted
Average
Exercise Price
Per Share
 
Weighted
Average
Remaining
Contractual Term
(in Years)
Outstanding, September 30, 2014
2,334,326

 
$
4.11

 
5.5
Granted
1,927,500

 
$
2.92

 
 
Exercised
(232,203
)
 
$
1.06

 
 
Cancelled
(381,918
)
 
$
3.85

 
 
Outstanding, September 30, 2015
3,647,705

 
$
3.70

 
7.2
Granted
98,500

 
$
4.51

 
 
Exercised
(661,663
)
 
$
2.67

 
 
Cancelled
(69,168
)
 
$
4.51

 
 
Outstanding, September 30, 2016
3,015,374

 
$
3.95

 
6.4
Granted
147,800

 
$
7.06

 
 
Exercised
(235,514
)
 
$
2.92

 
 
Cancelled
(81,794
)
 
$
3.59

 
 
Outstanding, September 30, 2017
2,845,866

 
$
4.21

 
5.4
RSU Activity
The following table summarizes RSU activity in the fiscal years ended September 30, 2017, 2016, and 2015:
 
Number of
shares
 
Weighted-
average
fair value
per share
Outstanding at September 30, 2014
1,101,303

 
$
4.71

Granted
104,000

 
$
2.29

Settled
(255,041
)
 
$
2.96

Cancelled
(147,345
)
 
$
3.54

Outstanding at September 30, 2015
802,917

 
$
4.49

Granted
1,536,000

 
$
4.82

Settled
(261,621
)
 
$
4.77

Cancelled
(31,127
)
 
$
4.19

Outstanding at September 30, 2016
2,046,169

 
$
4.90

Granted
1,249,224

 
$
6.61

Settled
(707,174
)
 
$
4.81

Cancelled
(231,198
)
 
$
4.93

Outstanding at September 30, 2017
2,357,021

 
$
5.65