Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v2.4.0.8
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
Stock compensation activity under the 2013 Plan for the year ended September 30, 2014 follows:
 
 
 
Option
Shares
Outstanding
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic
Value
($0’s)
 
Outstanding at October 1, 2013
 
 
3,000,000
 
$
0.38
 
 
 
 
$
-
 
Awarded
 
 
5,869,212
 
 
0.33
 
 
-
 
 
-
 
Exercised
 
 
(231,250)
 
 
0.40
 
 
-
 
 
-
 
Forfeited
 
 
-
 
 
 
 
 
-
 
 
-
 
Outstanding at September 30, 2014
 
 
8,637,962
 
$
0.34
 
 
5.46
 
 
2,750
 
Vested
 
 
4,645,935
 
$
0.36
 
 
4.60
 
 
76
 
Vested and expected to vest at September 30, 2014
 
 
8,637,962
 
$
0.34
 
 
5.46
 
 
2,750
 
Nonvested Restricted Stock Shares Activity
Restricted stock activity under the 2009 Plan and the 2013 Plan for the years ended September 30, 2014 and 2013 follows:
 
 
 
2014
 
2013
 
Restricted Stock
 
 
 
 
 
 
 
Non Vested at October 1
 
 
-
 
 
56,844
 
Awarded
 
 
300,000
 
 
-
 
Vested
 
 
(275,000)
 
 
(56,844)
 
Forfeited
 
 
-
 
 
-
 
Non Vested at September 30
 
 
25,000
 
 
-
 
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 years ended September 30, 2014 and 2013 follows:
 
 
 
2014
 
2013
 
Non Vested at October 1
 
$
-
 
$
0.0024
 
Awarded
 
 
0.345
 
 
-
 
Vested
 
 
0.345
 
 
0.0024
 
Forfeited
 
 
-
 
 
-
 
Non Vested at September 30
 
$
0.345
 
$
-