RESTRICTED STOCK 2016 (Tables) - 2016 Restricted Stock [Member] |
9 Months Ended | ||||||||||||||||||||||||||
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Jun. 30, 2016 | |||||||||||||||||||||||||||
Nonvested Restricted Stock Shares Activity [Table Text Block] |
Restricted stock activity for the nine months ended June 30, 2016 is as follows:
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Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] |
The weighted average restricted stock award date fair value information for the nine months ended June 30, 2016 is as follows:
For the three and nine months ended June 30, 2016, compensation expense recorded for the 2016 restricted stock awards was approximately $62,000. Of this amount approximately $18,000 was recorded to research and development expenses, and approximately $44,000 was recorded in general and administrative expenses in the Company’s unaudited interim consolidated statements of operations.
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