Annual report pursuant to Section 13 and 15(d)

Note C - Shareholders' Equity (Tables)

v2.4.0.6
Note C - Shareholders' Equity (Tables)
 12 Months Ended
Sep. 30, 2012
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
2012
   
2011
 
Expected volatility
    82 %     81 %
Expected life (in years)
 
6 years
   
6 years
 
Expected dividends
    0 %     0 %
Risk-free interest rate
    0.90 %     1.69 %
Weighted-average grant-date fair value
  $ 4.12     $ 4.14  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   
Number of
shares
   
Weighted average
exercise price
   
Weighted average
fair value
 
Outstanding at September 30, 2010
    1,126,000     $ 1.41        
   Granted
    320,920       6.26     $ 4.14  
   Cancelled or Forfeited
    (21,934 )     1.72          
   Exercised
    (233,329 )     1.26          
Outstanding at September 30, 2011
    1,191,657     $ 2.74          
   Granted
    17,000       5.59     $ 4.12  
   Cancelled or Forfeited
    (1,000 )     6.36          
   Exercised
    (178,481 )     1.11          
Outstanding at September 30, 2012
    1,029,176     $ 3.07          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
Year ended
 
Exercisable
 
Weighted average remaining contractual life
 
Weighted average exercise price
September 30, 2012
 
700,148
 
4.98 years
 
$4.78
September 30, 2011
 
525,930
 
5.33 years
 
$1.85
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]
Year Ended
 
Number outstanding
 
Weighted average remaining contractual life
 
Weighted average exercise price
 
Aggregate      intrinsic value
September 30, 2012
 
1,029,176
 
4.78 years
 
$3.07
 
$2,101,541
September 30, 2011
 
1,200,325
 
5.39 years
 
$2.72
 
$3,814,064
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
   
Number
of shares
   
Weighted
average
grant date
fair value
 
Unvested shares at September 30, 2010
    13,000     $ 2.58  
   Granted
    -       -  
   Vested
    (4,332 )     2.58  
Unvested shares at September 30, 2011
    8,668       2.58  
   Granted
    359,000       5.10  
   Vested
    (4,332 )     2.58  
Unvested at September 30, 2012
    363,336     $ 5.07