Common Stock

12 Months Ended

Sep. 30, 2011

Stockholders Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

L. Common Stock

During the year ended September 30, 2009, the following common stock transactions occurred:

Stock options totaling 300,000 shares were exercised by employees and directors for proceeds of $747,745.  The Company acquired 303,959 shares of common stock for the treasury at a cost of $1.5 million.  These shares were subsequently retired.

During the year ended September 30, 2010, the following common stock transactions occurred:

Stock options totaling 20,000 shares were exercised by employees and directors for proceeds of $56,000.

The Company acquired 197,950 shares of common stock for the treasury at a cost of $1.6 million.  These shares were subsequently retired.

The Company issued 895,255 shares for principal and accrued interest to redeem convertible debt amounting to $7.5 million.

The Company transferred 29,000 shares from temporary equity to permanent equity as a result of the shares being sold by the holders into the open market.

During the year ended September 30, 2011, the following common stock transactions occurred:

Stock options totaling 25,000 shares were exercised by employees and directors for proceeds of $188,750.

The Company acquired 415,384 shares of common stock for the treasury at a cost of $3.3 million.  These shares were subsequently retired.

During the year ended September 30, 2011, the Company issued 26,320 shares of common stock for debt aggregating $269,780.

During the year ended September 30, 2011, the Company transferred 70,000 shares aggregating $1.4 million from temporary equity to permanent equity in connection with the settlement of certain cross-litigation.