Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK OPTIONS (Tables)

v3.4.0.3
COMMON STOCK OPTIONS (Tables)
6 Months Ended
Mar. 31, 2016
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 March 31, 2016:

 

    Number
Outstanding
    Weighted - Average
Exercise Price
 
Outstanding at September 30, 2015     2,761,001     $ 7.27  
Granted     669,275       4.11  
Forfeited/ Expired     (558,333 )     6.60  
Outstanding at March 31, 2016     2,871,943     $ 6.66  
Exercisable at March 31, 2016     1,681,920     $ 6.45