Annual report pursuant to Section 13 and 15(d)

Stock Option Plans (Tables)

v3.3.1.900
Stock Option Plans (Tables)
12 Months Ended
Sep. 30, 2015
Stock Option Plans Tables  
Summary of stock option activity
    Year Ended September 30,  
(Number of Options in Thousands)   2015     2014  
             
Number of options outstanding:            
Beginning of year     342       147  
Granted     191       259  
Exercised     (90 )     -  
Terminated     (29 )     (64 )
                 
End of year     414       342  
                 
Number of options exercisable at end of year     121       147  
Number of options available for grant at end of year     530       741  
                 
Weighted average option prices per share:                
Granted during the year   $ 7.00     $ 2.80  
Exercised during the year     2.85       -  
Terminated during the year     2.00       4.20  
Outstanding at end of year     5.05       3.20  
Exercisable at end of year     3.72       3.80  
Stock options outstanding
Range of Exercise Prices   Number
Outstanding
    Weighted
Average Price
    Number
Exercisable
    Weighted
Average Price
    Average
Remaining Life (Years)
 
                               
Under $5.00     221     $ 3.25       118     $ 3.47       7.5  
5.01 to 10.00     191       7.00       -       7.00       9.8  
$10.01 to 23.90     2     $ 23.90       2     $ 23.90       1.5  
Fair value of stock options granted
    2015     2014  
             
Expected option life (years)     10       9  
Expected stock price volatility     104 %     95 %
Expected dividend yield     - %     - %
Risk-free interest rate     2.20 %     2.75 %