Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.7.0.1
STOCK-BASED COMPENSATION (Tables) - 2013 Stock Incentive Plan
 6 Months Ended
Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity
Stock compensation activity under the 2013 Plan for the six months ended March 31, 2017 follows:
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
 
Average
 
 
 
 
 
 
Option
 
 
Average
 
 
Remaining
 
 
Aggregate
 
 
 
Shares
 
 
Exercise
 
 
Contractual
 
 
Intrinsic
 
 
 
Outstanding
 
 
Price
 
 
Term (years)
 
 
Value
 
Outstanding at September 30, 2016
 
 
12,379,210
 
 
$
0.33
 
 
 
6.4
 
 
$
4,341,816
 
Awarded
 
 
2,515,000
 
 
$
0.63
 
 
 
-
 
 
 
-
 
Exercised
 
 
(240,000)
 
 
$
0.35
 
 
 
-
 
 
 
-
 
Forfeited/Cancelled
 
 
(150,000)
 
 
$
0.40
 
 
 
-
 
 
 
-
 
Outstanding at March 31, 2017
 
 
14,504,210
 
 
$
0.38
 
 
 
5.03
 
 
$
3,876,689
 
Vested
 
 
10,571,654
 
 
$
0.35
 
 
 
5.51
 
 
$
3,236,700
 
Vested and expected to vest at March 31, 2017
 
 
14,504,210
 
 
$
0.38
 
 
 
5.03
 
 
$
3,876,689
 
Nonvested Restricted Stock Shares Activity
Restricted stock activity under the 2013 Plan for the six months ended March 31, 2017 follows:
 
 
Restricted
 
 
 
Stock
 
 
 
Activity
 
Non Vested at October 1, 2016
 
 
225,000
 
Awarded
 
 
1,750,000
 
Vested
 
 
(225,000)
 
Forfeited
 
 
-
 
Non Vested at March 31, 2017
 
 
1,750,000
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
The weighted average restricted stock award date fair value information for the six months ended March 31, 2017 follows:
 
 
 
Weighted
 
 
 
Average
 
 
 
Restricted
 
 
 
Stock Award
 
Non Vested at October 1, 2016
 
$
0.72
 
Awarded
 
 
0.65
 
Vested
 
 
0.72
 
Forfeited
 
 
-
 
Non Vested at March 31, 2017
 
$
0.65