Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.5.0.2
STOCK-BASED COMPENSATION (Tables) - 2013 Stock Incentive Plan
 12 Months Ended
Sep. 30, 2016
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 year ended September 30, 2016 follows:
 
 
 
Option
Shares
Outstanding
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic
Value
($0’s)
 
Outstanding at September 30, 2015
 
 
10,776,500
 
$
0.30
 
 
-
 
$
-
 
Awarded
 
 
3,160,000
 
$
0.43
 
 
-
 
 
-
 
Exercised
 
 
(362,500)
 
$
0.32
 
 
-
 
 
-
 
Forfeited
 
 
(1,194,790)
 
$
0.39
 
 
-
 
 
-
 
Outstanding at September 30, 2016
 
 
12,379,210
 
$
0.33
 
 
6.40
 
$
4,341,816
 
Vested
 
 
9,033,226
 
$
0.31
 
 
6.26
 
$
3,304,049
 
Vested and expected to vest at September 30, 2016
 
 
12,379,210
 
$
0.33
 
 
6.40
 
$
4,341,816
 
Nonvested Restricted Stock Shares Activity
Restricted stock activity under the 2013 Plan for the years ended September 30, 2016 and 2015 follows:
 
 
 
2016
 
2015
 
Restricted Stock
 
 
 
 
 
 
 
Non Vested at October 1
 
 
-
 
 
25,000
 
Awarded
 
 
225,000
 
 
-
 
Vested
 
 
-
 
 
(25,000)
 
Forfeited
 
 
-
 
 
-
 
Non Vested at September 30
 
 
225,000
 
 
-
 
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, 2016 and 2015 follows:
 
 
 
2016
 
2015
 
Non Vested at October 1
 
$
-
 
$
0.345
 
Awarded
 
 
0.72
 
 
-
 
Vested
 
 
-
 
 
0.345
 
Forfeited
 
 
-
 
 
-
 
Non Vested at September 30
 
$
0.72
 
$
-