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Stockholders' Equity (Tables)
6 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table summarizes stock-based compensation expense related to stock options and RSUs, which was allocated as follows:

 

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Sales and marketing

 

$

191,962

 

 

$

234,167

 

 

$

367,080

 

 

$

435,690

 

Research and development

 

 

159,563

 

 

 

192,939

 

 

 

296,970

 

 

 

377,827

 

General and administrative

 

 

519,595

 

 

 

488,944

 

 

 

1,021,131

 

 

 

931,604

 

Stock-based compensation expense included in operating

   expenses

 

$

871,120

 

 

$

916,050

 

 

$

1,685,181

 

 

$

1,745,121

 

 

Fair Value Calculations for Stock-Based Compensation Awards

The fair value calculations for stock-based compensation awards to employees for the six months ended March 31, 2015 were based on the following assumptions:

 

 

 

Six Months Ended

March 31, 2015

 

Risk-free interest rate

 

1.29 – 1.66%

 

Expected life (years)

 

 

5.25

 

Expected volatility

 

 

98%

 

Expected dividends

 

None

 

 

Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the six months ended March 31, 2015:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term

(in Years)

 

Outstanding, September 30, 2014

 

 

2,334,326

 

 

$

4.11

 

 

 

5.46

 

Granted

 

 

1,565,500

 

 

$

2.74

 

 

 

 

 

Exercised

 

 

(4,166

)

 

$

2.34

 

 

 

 

 

Cancelled

 

 

(184,939

)

 

$

4.66

 

 

 

 

 

Outstanding, March 31, 2015

 

 

3,710,721

 

 

$

3.51

 

 

 

7.08

 

 

RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the six months ended March 31, 2015:

 

 

 

Number of

Shares

 

 

Weighted-Average

Fair Market Value

Per Share

 

Outstanding, September 30, 2014

 

 

1,101,303

 

 

$

4.71

 

Granted

 

 

104,000

 

 

$

2.29

 

Settled

 

 

(204,041

)

 

$

2.91

 

Cancelled

 

 

(75,171

)

 

$

4.30

 

Outstanding, March 31, 2015

 

 

926,091

 

 

$

4.32