Annual report pursuant to Section 13 and 15(d)

COMMON STOCK OPTIONS (Tables)

v3.3.1.900
COMMON STOCK OPTIONS (Tables)
12 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of options issued and outstanding

Below is a table summarizing the options issued and outstanding as of September 30, 2015:

 

 

    Number
Outstanding
  Weighted - Average
Exercise Price
Outstanding at September 30, 2012       1,082,323     $ 1.69  
Granted       233,334     4.71  
Exercised       (182,322 )   1.69  
Forfeited       —       —  
Outstanding at September 30, 2013       1,133,335     $ 2.31  
Granted       915,000     9.29  
Exercised       —       —  
Forfeited       —       —  
Outstanding at September 30, 2014       2,048,335     $ 5.43  
Granted       1,106,000     9.04  
Exercised       —       —  
Forfeited       (45,000 )   8.32  
Expired       (348,334 )   1.79  
Outstanding at September 30, 2015       2,761,001     $ 7.27  
Exercisable at September 30, 2015       1,450,667     $ 5.74