Annual report pursuant to Section 13 and 15(d)

Stock Option Plans (Tables)

v3.8.0.1
Stock Option Plans (Tables)
12 Months Ended
Sep. 30, 2017
Stock Option Plans Tables  
Summary of stock option activity
    Year Ended September 30,  
(Number of Options in Thousands)   2017     2016  
             
Number of options outstanding:            
Beginning of year     568       414  
Granted     382       163  
Exercised     -       -  
Terminated     (42 )     (9 )
                 
End of year     908       568  
                 
Number of options exercisable at end of year     408       230  
Number of options available for grant at end of year     3,075       470  
                 
Weighted average option prices per share:                
Granted during the year   $ 5.15     $ 5.17  
Exercised during the year     -       -  
Terminated during the year     4.38       5.99  
Outstanding at end of year     5.11       5.09  
Exercisable at end of year     4.79       4.39  
Stock option plan by exercise price range

Range of

Exercise Prices

  Number Outstanding     Weighted Average Price     Number Exercisable     Weighted Average Price     Average Remaining Life (Years)  
                               
Under $5.00     476     $ 4.00       214     $ 3.31       8.1  
5.01 to 10.00     432     $ 6.37       154     $ 6.77       8.0  

Estimated fair value of stock options granted
    2017     2016  
             
Expected option life (years)     10       10  
Expected stock price volatility     104 %     125 %
Expected dividend yield     %     %
Risk-free interest rate     2.20 %     2.20 %