Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK OPTIONS (Tables)

v3.3.1.900
COMMON STOCK OPTIONS (Tables)
3 Months Ended
Dec. 31, 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 December 31, 2015:

    Number
Outstanding
  Weighted - Average
Exercise Price
Outstanding at September 30, 2015     2,761,001     $ 7.27  
Granted     120,000       3.28  
Forfeited     (181,250 )     10.12  
Outstanding at December 31, 2015     2,699,751     $ 6.90  
Exercisable at December 31, 2015     1,560,667     $ 5.69