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Stockholders' Equity (Tables)
6 Months Ended
Mar. 31, 2016
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

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Cost of Sales

 

$

10

 

 

$

-

 

 

$

10

 

 

$

-

 

Sales and marketing

 

 

287

 

 

 

192

 

 

 

530

 

 

 

367

 

Research and development

 

 

162

 

 

 

160

 

 

 

342

 

 

 

297

 

General and administrative

 

 

713

 

 

 

519

 

 

 

1,279

 

 

 

1,021

 

Stock-based compensation expense included in expenses

 

$

1,172

 

 

$

871

 

 

$

2,161

 

 

$

1,685

 

 

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, 2016 and 2015 were based on the following assumptions:

 

 

 

Six Months Ended

March 31, 2016

 

 

Six Months Ended

March 31, 2015

 

Risk-free interest rate

 

1.43% – 1.75%

 

 

1.29% – 1.66%

 

Expected life (years)

 

 

5.90

 

 

 

5.25

 

Expected volatility

 

 

83%

 

 

 

98%

 

Expected dividends

 

None

 

 

None

 

 

Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the six months ended March 31, 2016:

 

 

 

 

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term

(in Years)

 

Outstanding, September 30, 2015

 

 

3,647,705

 

 

$

3.70

 

 

 

7.15

 

Granted

 

 

94,500

 

 

$

4.43

 

 

 

 

 

Exercised

 

 

(121,939

)

 

$

2.57

 

 

 

 

 

Cancelled

 

 

(44,896

)

 

$

3.92

 

 

 

 

 

Outstanding, March 31, 2016

 

 

3,575,370

 

 

$

3.76

 

 

 

6.68

 

 

RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the six months ended March 31, 2016:

 

 

 

Number of

Shares

 

 

Weighted-Average

Fair Market Value

Per Share

 

Outstanding, September 30, 2015

 

 

802,917

 

 

$

4.49

 

Granted

 

 

1,240,000

 

 

$

4.32

 

Settled

 

 

(234,496

)

 

$

4.71

 

Cancelled

 

 

(23,252

)

 

$

3.76

 

Outstanding, March 31, 2016

 

 

1,785,169

 

 

$

4.35