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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Sep. 30, 2012
Summarize Information About Stock Options

The following tables summarize information about stock options:

 

     Number of
Options
Outstanding
    Weighted-
Average
Exercise
Price
Per Share
     Weighted-
Average
Remaining
Contractual
Term
   Aggregate
Intrinsic
Value

Balance At September 30, 2010

     812,334      $ 10.62         

Granted

     20,000        5.86         

Cancelled

     (100,539     21.32         

Exercised

     (2,699     5.10         
  

 

 

   

 

 

       

 

 

     Number of
Options
Outstanding
    Weighted-
Average
Exercise
Price
Per Share
     Weighted-
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
 

Balance At September 30, 2011

     729,096        9.03         

Granted

     1,229,500        4.40         

Cancelled

     (42,919     11.77         

Exercised

     (4,883     5.20         
  

 

 

   

 

 

    

 

 

    

 

 

 

Balance At September 30, 2012

     1,910,794      $ 6.01         8.2 years       $ 0   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable At September 30, 2012

     811,214      $ 7.96         6.6 years       $ 0  
  

 

 

   

 

 

    

 

 

    

 

 

 
Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

     Year ended September 30,
     2012    2011

Dividend yield

   —      —  

Risk-free interest rate

   0.9% to 1.7%    1.11% to 2.90%

Volatility

   90% -100%    100%

Expected life (in years)

   5.5 to 6.25    5.5 to 6.25

Weighted average grant date fair value per share of options granted

   $3.32    $4.70