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, 2013
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, 2013 follows:
 
 
 
Option
Shares
Outstanding
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic
Value
($0’s)
 
Outstanding at October 1, 2012
 
-
 
 
 
 
 
 
 
 
 
Awarded
 
3,000,000
 
$
0.38
 
-
 
$
-
 
Exercised
 
-
 
 
 
 
-
 
 
-
 
Forfeited
 
-
 
 
 
 
-
 
 
-
 
Outstanding at September 30, 2013
 
3,000,000
 
$
0.38
 
4.88
 
 
-
 
Vested
 
1,500,000
 
$
0.37
 
3.90
 
 
-
 
Vested and expected to vest at September 30, 2013
 
3,000,000
 
$
0.38
 
4.88
 
 
-
 
Nonvested Restricted Stock Shares Activity
Stock compensation activity under the 2009 Plan for the years ended September 30, 2013 and 2012 follows:
 
 
 
2013
 
2012
 
Restricted Stock
 
 
 
 
 
Non Vested at October 1
 
56,844
 
90,947
 
Awarded
 
-
 
9,691
 
Vested
 
(56,844)
 
(43,794)
 
Forfeited
 
-
 
-
 
Non Vested at September 30
 
-
 
56,844
 
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, 2013 and 2012 follows:
 
 
 
2013
 
2012
 
Non Vested at October 1
 
$
0.0024
 
$
0.0024
 
Awarded
 
 
-
 
 
0.0024
 
Vested
 
 
0.0024
 
 
0.0024
 
Forfeited
 
 
-
 
 
0.0024
 
Non Vested at September 30
 
$
-
 
$
0.0024