Annual report pursuant to Section 13 and 15(d)

COMMON STOCK OPTIONS (Details Narrative)

v3.3.1.900
COMMON STOCK OPTIONS (Details Narrative) - USD ($)
12 Months Ended
Mar. 10, 2015
Mar. 03, 2015
Mar. 01, 2015
Feb. 13, 2015
Jan. 06, 2015
Sep. 05, 2014
Jul. 24, 2014
Feb. 03, 2014
May. 17, 2013
Apr. 30, 2013
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
Feb. 24, 2015
Feb. 11, 2015
Feb. 06, 2015
Oct. 29, 2014
May. 30, 2014
Oct. 02, 2013
Fair Value assumptions:                                      
Stock price                           $ 9.78 $ 6.75 $ 7 $ 7.19 $ 8.52 $ 7.96
Options granted                     1,106,000 915,000 233,334            
Exercise price, grants                     $ 9.04 $ 9.29 $ 4.71            
Unamortized option expense                     $ 4,462,655 $ 3,161,447 $ 1,112,000            
Intrinsic value of awards                     $ 595,000                
Stock Option [Member]                                      
Fair Value assumptions:                                      
Dividend yield                     0.00%                
Options granted 546,000 100,000 200,000 120,000 140,000                            
Exercise price, grants $ 10.14 $ 9.78 $ 7.06 $ 7.68 $ 8.19                            
Fair value of options granted $ 2,700,392 $ 509,845 $ 1,128,604   $ 529,252                            
Number of options vested in period 136,500 25,000 30,000 50,000 15,000                            
Number of options nonvested 409,500 75,000 90,000 150,000 105,000                            
Percent of options vesting at each anniversary 25.00% 25.00% 25.00% 25.00% 25.00%                            
Stock based compensation expense         $ 18,902                            
Intrinsic value of awards     $ 120,000 $ 250,000                              
Stock Option [Member] | 02/03/14 [Member]                                      
Fair Value assumptions:                                      
Options granted               500,000                      
Exercise price, grants               $ 10.11                      
Fair value of options granted               $ 1,954,384                      
Vesting terms              

125,000 vested upon issuance and the remaining 375,000 vest in 25 percent tranches on each anniversary of grant

                     
Number of options vested in period               125,000     125,000 125,000 0            
Number of options nonvested               375,000                      
Percent of options vesting at each anniversary               25.00%                      
Stock based compensation expense                     $ 488,596 $ 814,327 $ 0            
Stock Option [Member] | 07/24/14 [Member]                                      
Fair Value assumptions:                                      
Options granted             355,000                        
Exercise price, grants             $ 8.39                        
Fair value of options granted             $ 1,661,682                        
Vesting terms            

88,750 vested upon issuance and the remaining 266,250 vest in 25 percent tranches on each anniversary of grant.

                       
Number of options vested in period             88,750       78,750 88,750 0            
Number of options nonvested             266,250                        
Percent of options vesting at each anniversary             25.00%                        
Stock based compensation expense                     $ 332,957 $ 610,436 $ 0            
Stock Option [Member] | 09/05/14 [Member]                                      
Fair Value assumptions:                                      
Options granted           60,000                          
Exercise price, grants           $ 7.77                          
Fair value of options granted           $ 250,683                          
Vesting terms          

88,750 vested upon issuance and the remaining 266,250 vest in 25 percent tranches on each anniversary of grant.

                         
Number of options vested in period           15,000         15,000 15,000 0            
Number of options nonvested           45,000                          
Percent of options vesting at each anniversary           25.00%                          
Stock based compensation expense                     $ 62,671 $ 86,957 $ 0            
Stock Option [Member] | 01/06/15 [Member]                                      
Fair Value assumptions:                                      
Number of options vested in period                     35,000 0 0            
Stock based compensation expense                     $ 275,563 $ 0 $ 0            
Stock Option [Member] | 02/13/15 [Member]                                      
Fair Value assumptions:                                      
Number of options vested in period                     50,000 0 0            
Stock based compensation expense                     $ 167,360 $ 0 $ 0            
Stock Option [Member] | 03/01/15 [Member]                                      
Fair Value assumptions:                                      
Number of options vested in period                     50,000 0 0            
Stock based compensation expense                     $ 456,420 $ 0 $ 0            
Stock Option [Member] | 03/03/15 [Member]                                      
Fair Value assumptions:                                      
Number of options vested in period                     0 0 25,000            
Stock based compensation expense                     $ 0 $ 0 $ 350,519            
Stock Option [Member] | 03/10/15 [Member]                                      
Fair Value assumptions:                                      
Number of options vested in period                     136,000 0 0            
Stock based compensation expense                     $ 1,068,905 $ 0 $ 0            
Stock Option [Member] | Lower Range [Member[                                      
Fair Value assumptions:                                      
Stock price                     $ 1.20                
Exercise Price                     $ 1.50                
Risk free interest rate                     0.68%                
Volatility rate                     81.00%                
Stock Option [Member] | Upper Range [Member]                                      
Fair Value assumptions:                                      
Expected term                     5 years                
Risk free interest rate                     2.60%                
Volatility rate                     277.00%                
Employee Stock Option [Member] | Upper Range [Member]                                      
Fair Value assumptions:                                      
Stock price                     $ 10.11                
Exercise Price                     $ 10.11                
Stock Options 04/30/13 [Member] | Board Member [Member]                                      
Fair Value assumptions:                                      
Options granted                   116,667                  
Fair value of options granted, per share                   $ 4.59                  
Vesting terms                  

29,167 vested upon issuance and the remaining 87,500 vest in 33 percent tranches on the next three anniversary dates.

                 
Number of options vested in period                   29,167 29,167 58,333 29,167            
Number of options nonvested                   87,500                  
Percent of options vesting at each anniversary                   33.00%                  
Stock based compensation expense                     $ 133,813 $ 133,690 $ 189,852            
Stock Options 05/17/13 [Member] | Board Member [Member]                                      
Fair Value assumptions:                                      
Options granted                 116,667                    
Fair value of options granted, per share                 $ 4.50                    
Vesting terms                

29,167 vested upon issuance and the remaining 87,500 vest in 33 percent tranches on the next three anniversary dates.

                   
Number of options vested in period                 29,167   29,167 58,333 29,167            
Number of options nonvested                 87,500                    
Percent of options vesting at each anniversary                 33.00%                    
Stock based compensation expense                     $ 131,285 $ 131,165 $ 180,156