H. Stock-based Compensation Tables | Period [Axis] |
---|
2015-10-01 - 2016-09-30 |
---|
H. Stock-based Compensation Tables | |
Summary Of Stock Option Activity |
|
|
|
|
|
Weighted Average |
|
|
|
|
|
|
|
|
|
|
Remaining |
|
Aggregate |
|
|
|
Number |
|
|
Exercise |
|
Contractual |
|
Intrinsic |
|
|
|
of Shares |
|
|
Price |
|
Term (in years) |
|
Value |
|
Outstanding at 9/30/2014 |
|
|
11,596,591 |
|
|
$ |
0.43 |
|
6.1 years |
|
$ |
1 |
|
Granted |
|
|
775,000 |
|
|
$ |
0.27 |
|
|
|
$ |
- |
|
Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
$ |
- |
|
Cancelled |
|
|
(207,000 |
) |
|
$ |
0.90 |
|
|
|
$ |
- |
|
Forfeited |
|
|
- |
|
|
$ |
- |
|
|
|
$ |
- |
|
Outstanding at 9/30/2015 |
|
|
12,164,591 |
|
|
$ |
0.42 |
|
5.4 years |
|
$ |
1 |
|
Granted |
|
|
700,000 |
|
|
$ |
0.23 |
|
|
|
$ |
- |
|
Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
$ |
- |
|
Cancelled |
|
|
(660,591 |
) |
|
$ |
0.82 |
|
|
|
$ |
- |
|
Forfeited |
|
|
- |
|
|
$ |
- |
|
|
|
$ |
- |
|
Outstanding at 9/30/2016 |
|
|
12,204,000 |
|
|
$ |
0.38 |
|
5.0 years |
|
$ |
1 |
|
Exercisable at 9/30/2016 |
|
|
12,041,498 |
|
|
$ |
0.39 |
|
4.9 years |
|
$ |
1 |
|
|
Schedule of non-vested shares |
|
|
|
|
|
Weighted Average |
|
|
|
Number |
|
|
Grant-Date |
|
|
|
of Shares |
|
|
Fair Value |
|
Unvested at September 30, 2014 |
|
|
168,752 |
|
|
$ |
0.22 |
|
Granted |
|
|
775,000 |
|
|
$ |
0.24 |
|
Vested |
|
|
(781,250 |
) |
|
$ |
0.24 |
|
Forfeited |
|
|
- |
|
|
$ |
- |
|
Unvested at September 30, 2015 |
|
|
162,502 |
|
|
$ |
0.23 |
|
Granted |
|
|
700,000 |
|
|
$ |
0.19 |
|
Vested |
|
|
(700,000 |
) |
|
$ |
0.24 |
|
Forfeited |
|
|
- |
|
|
$ |
- |
|
Unvested at September 30, 2016 |
|
|
162,502 |
|
|
$ |
0.16 |
|
|
Details Of Stock Options |
|
|
Options Outstanding |
|
Options Exercisable |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
Weighted |
|
|
|
Number |
|
Weighted |
|
Average |
|
Number |
|
|
Weighted |
|
Average |
|
Range of |
|
Outstanding at |
|
Average |
|
Remaining |
|
Exercisable at |
|
|
Average |
|
Remaining |
|
Exercise |
|
September 30, |
|
Exercise |
|
Contractual |
|
September 30, |
|
|
Exercise |
|
Contractual |
|
Prices |
|
2016 |
|
Price |
|
Life (in years) |
|
2016 |
|
|
Price |
|
Life (in years) |
|
$ |
0.19-$0.20 |
|
|
|
250,000 |
|
|
$ |
0.19 |
|
|
|
9.42 |
|
|
|
125,000 |
|
|
$ |
0.19 |
|
|
|
9.42 |
|
$ |
0.21-$0.30 |
|
|
|
3,537,500 |
|
|
$ |
0.27 |
|
|
|
5.83 |
|
|
|
3,499,998 |
|
|
$ |
0.27 |
|
|
|
5.80 |
|
$ |
0.31-$0.40 |
|
|
|
6,551,500 |
|
|
$ |
0.39 |
|
|
|
4.83 |
|
|
|
6,551,500 |
|
|
$ |
0.39 |
|
|
|
4.83 |
|
$ |
0.41-$0.50 |
|
|
|
502,000 |
|
|
$ |
0.45 |
|
|
|
5.24 |
|
|
|
502,000 |
|
|
$ |
0.45 |
|
|
|
5.24 |
|
$ |
0.51-$0.60 |
|
|
|
968,250 |
|
|
$ |
0.59 |
|
|
|
2.75 |
|
|
|
968,250 |
|
|
$ |
0.59 |
|
|
|
2.75 |
|
$ |
0.61-$0.70 |
|
|
|
56,000 |
|
|
$ |
0.68 |
|
|
|
0.04 |
|
|
|
56,000 |
|
|
$ |
0.68 |
|
|
|
0.04 |
|
$ |
0.71-$0.80 |
|
|
|
80,750 |
|
|
$ |
0.76 |
|
|
|
4.23 |
|
|
|
80,750 |
|
|
$ |
0.76 |
|
|
|
4.23 |
|
$ |
0.81-$0.90 |
|
|
|
256,000 |
|
|
$ |
0.90 |
|
|
|
0.78 |
|
|
|
256,000 |
|
|
$ |
0.90 |
|
|
|
0.78 |
|
$ |
0.91-$1.19 |
|
|
|
2,000 |
|
|
$ |
1.19 |
|
|
|
0.58 |
|
|
|
2,000 |
|
|
$ |
1.19 |
|
|
|
0.58 |
|
|
|
|
|
|
12,204,000 |
|
|
$ |
0.38 |
|
|
|
4.95 |
|
|
|
12,041,498 |
|
|
$ |
0.39 |
|
|
|
4.89 |
|
|
Stock-based compensation expense |
|
For the fiscal year ended September 30, |
|
|
2016 |
|
2015 |
|
Research and Development Expenses |
|
$ |
— |
|
|
$ |
— |
|
General and Administrative Expenses |
|
|
141 |
|
|
|
178 |
|
Total Stock-based Compensation Expense |
|
$ |
141 |
|
|
$ |
178 |
|
|
Assumptions Of Stock Based Compensation |
|
|
For the fiscal year ended September 30, |
|
|
|
2016 |
|
|
2015 |
|
Dividend yield |
|
|
0 |
% |
|
|
0 |
% |
Unvested forfeiture rate |
|
|
7.87 |
% |
|
|
5.35 |
% |
Expected volatility |
|
|
117 |
% |
|
|
137 |
% |
Risk-free interest rate |
|
|
1.42 |
% |
|
|
1.70 |
% |
Expected option life after shares are vested |
|
5.27 years |
|
|
5.27 years |
|
|