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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
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, 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         

Granted

     79,000        2.20         

Cancelled

     0        0         

Exercised

     0        0         

Balance At March 31, 2013

     1,989,794      $ 5.86         7.8 years       $ 800   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable At March 31, 2013

     1,037,989      $ 7.24         6.7 years       $ —    
  

 

 

   

 

 

    

 

 

    

 

 

 
Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

     Six months ended March 31,
     2013    2012

Dividend yield

   —      —  

Risk-free interest rate

   0.7% to 1.25%    0.9% to 1.7%

Volatility

   69%    90% to 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

   $1.31    $3.79