Annual report pursuant to Section 13 and 15(d)

Note C - Shareholders' Equity (Tables)

v3.19.3
Note C - Shareholders' Equity (Tables)
 12 Months Ended
Sep. 30, 2019
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Year ended
September 30,
2019		   Year ended
September 30,
2018
Dividend yield    
0
 %    
0
 %
Weighted average expected volatility    
37.77
 %    
43.68
 %
Weighted average risk-free interest rate    
2.92
 %    
2.70
 %
Weighted average expected life (in years)    
3.0
      
3.7
  
Vesting period (in years)    
3.0
      
3.0
  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
    Number of
shares		   Weighted average
exercise price		   Weighted
average fair value
Outstanding as of September 30, 2017    
38,950
     $
2.79
      
 
  
Granted    
108,000
      
13.37
     $
4.78
  
Cancelled or Forfeited    
-
      
-
      
 
  
Exercised    
(8,450
 )    
3.58
      
 
  
Outstanding as of September 30, 2018    
138,500
      
10.99
      
 
  
Granted    
172,000
      
12.17
     $
3.53
  
Cancelled or Forfeited    
(12,000
 )    
12.17
      
 
  
Exercised    
(7,750
 )    
2.58
      
 
  
Outstanding as of September 30, 2019    
290,750
     $
11.86
      
 
  
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
(in years)		   Weighted average
exercise price
September 30, 2019    
58,750
      
2.40
     $
9.19
  
September 30, 2018    
30,500
      
1.89
     $
2.58
  
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]
Year Ended   Number
outstanding		   Weighted
average
remaining
contractual life
(in years)		   Weighted
average
exercise
price		   Aggregate
intrinsic
value
September 30, 2019    
290,750
      
3.04
     $
11.86
     $
156,173
  
September 30, 2018    
138,500
      
3.82
     $
10.99
     $
(4,097
 )
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
    Number of
shares		   Weighted average
grant date fair value
Unvested shares as of September 30, 2017    
370,530
     $
15.24
  
Granted    
7,235
      
14.17
  
Vested    
(113,930
 )    
16.45
  
Forfeited    
(15,222
 )    
15.41
  
Unvested shares as of September 30, 2018    
248,613
      
14.65
  
Granted    
4,340
      
14.40
  
Vested    
(110,683
 )    
16.31
  
Forfeited    
(11,830
 )    
14.47
  
Unvested shares as of September 30, 2019    
130,440
     $
13.25