XML 50 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Stockholders' Equity (Tables) | 11 Months Ended
--- | ---
Sep. 30, 2012
Stockholders' Equity [Abstract] |
Summary of warrant activity |
|  | Number of warrants |  |  | Weighted-average exercise price |
Oustanding and exercisable at September 30, 2011 |  |  | 132,189 |  |  | $ | 0.91 |
Issued |  |  | — |  |  |  |  |
Exercised |  |  | (125,522 | ) |  | $ | 0.91 |
Expired |  |  | — |  |  |  |  |
Oustanding and exercisable at September 30, 2012 |  |  | 6,667 |  |  | $ | 0.91 |
The fair value calculations for stock-based compensation awards to employees |
|  | 2012 |  | 2011
Risk-free interest rate |  | 0.35% - 1.06% |  | 0.26% - 2.26%
Expected life (years) |  | 5 |  | 5.5
Expected volatility |  | 110% |  | 193%
Expected dividends |  | None |  | None
Stock-based compensation expense related to stock options and restricted stock unit awards |
|  | 2012 |  |  | 2011 |
Sales and marketing |  | $ | 471,716 |  |  | $ | 235,710 |
Research and development |  |  | 592,249 |  |  |  | 290,239 |
General and administrative |  |  | 1,535,893 |  |  |  | 745,289 |
Stock-based compensation expense included in operating expenses |  | $ | 2,599,858 |  |  | $ | 1,271,238 |
Summary of vested and unvested options, weighted average exercise price per share, weighted average remaining term and aggregate intrinsic value |
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Life (in Years) |  |  | Aggregate Intrinsic Value |
Vested |  |  | 2,074,410 |  |  | $ | 1.44 |  |  |  | 4.72 |  |  | $ | 4,322,186 |
Unvested |  |  | 1,437,876 |  |  | $ | 6.20 |  |  |  | 8.97 |  |  |  | 440,698 |
Total |  |  | 3,512,286 |  |  | $ | 3.39 |  |  |  | 6.46 |  |  | $ | 4,762,884 |
Stock option activity under the Company's equity plans |
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Term (in Years) |
Outstanding, September 30, 2010 |  |  | 4,534,328 |  |  | $ | 0.66 |  |  |  | 6.21 |
Granted |  |  | 976,531 |  |  | $ | 3.70 |  |  |  |  |
Exercised |  |  | (942,639 | ) |  | $ | 0.53 |  |  |  |  |
Cancelled |  |  | (14,316 | ) |  | $ | 0.57 |  |  |  |  |
Outstanding, September 30, 2011 |  |  | 4,553,904 |  |  | $ | 1.34 |  |  |  | 6.15 |
Granted |  |  | 1,095,750 |  |  | $ | 8.54 |  |  |  |  |
Exercised |  |  | (1,812,215 | ) |  | $ | 0.81 |  |  |  |  |
Cancelled |  |  | (325,153 | ) |  | $ | 6.41 |  |  |  |  |
Outstanding, September 30, 2012 |  |  | 3,512,286 |  |  | $ | 3.39 |  |  |  | 6.46 |
Significant ranges of outstanding and exercisable options | The following table summarizes significant ranges of outstanding and exercisable options as of September 30, 2012:
Range of Exercise Prices |  | Number of Options Outstanding |  |  | Weighted Average Remaining Contractual Life (in Years) |  |  | Weighted Average Exercise Price |  |  | Number of Exercisable Options |  |  | Weighted Average Exercise Price of Exercisable Options |  |  | Number of Unvested Options |
$0.09 to $0.70 |  |  | 358,840 |  |  |  | 5.27 |  |  |  | $0.33 |  |  |  | 358,840 |  |  |  | $0.33 |  |  |  | — |
$0.79 to $0.82 |  |  | 787,319 |  |  |  | 5.43 |  |  |  | $0.80 |  |  |  | 695,145 |  |  |  | $0.80 |  |  |  | 92,174 |
$1.06 to $2.32 |  |  | 729,302 |  |  |  | 2.56 |  |  |  | $1.21 |  |  |  | 729,302 |  |  |  | $1.21 |  |  |  | — |
$2.60 to $5.90 |  |  | 948,575 |  |  |  | 8.76 |  |  |  | $3.34 |  |  |  | 199,448 |  |  |  | $2.74 |  |  |  | 749,127 |
$6.39 to $11.68 |  |  | 688,250 |  |  |  | 9.22 |  |  |  | $10.30 |  |  |  | 91,675 |  |  |  | $9.54 |  |  |  | 596,575 |
|  |  | 3,512,286 |  |  |  | 6.46 |  |  |  | $3.39 |  |  |  | 2,074,410 |  |  |  | $1.44 |  |  |  | 1,437,876 |
Number of stock options outstanding under prior plans |
2000 Stock Option Plan |  |  | 317,812 |
2002 Stock Option Plan |  |  | 255,663 |
2006 Stock Option Plan |  |  | 405,490 |
2010 Stock Option Plan |  |  | 1,410,321 |
Total stock options outstanding under the Prior Plans |  |  | 2,389,286 |
Restricted stock units activity under Company's plan |
|  | Number of Shares |  |  | Weighted Average Fair Market Value Per Share |
Outstanding, September 30, 2010 |  |  | — |  |  |  | — |
Granted |  |  | 300,000 |  |  | $ | 5.12 |
Settled |  |  | — |  |  |  | — |
Cancelled |  |  | — |  |  |  | — |
Outstanding, September 30, 2011 |  |  | 300,000 |  |  | $ | 5.12 |
Granted |  |  | 255,835 |  |  | $ | 8.44 |
Settled |  |  | — |  |  |  | — |
Cancelled |  |  | (40,001 | ) |  | $ | 11.05 |
Outstanding, September 30, 2012 |  |  | 515,834 |  |  | $ | 6.30 |

X
- Definition schedule of share based compensation arrangement by share based payment award options vested and unvested table text block. + References No definition available. + Details
Name: | mitk_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndUnvestedTableTextBlock
Namespace Prefix: | mitk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of share based compensation warrant activity. + References No definition available. + Details
Name: | mitk_ScheduleOfShareBasedCompensationWarrantActivityTableTextBlock
Namespace Prefix: | mitk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stock options outstanding under Plans. + References No definition available. + Details
Name: | mitk_StockOptionsOutstandingUnderPlansTableTextBlock
Namespace Prefix: | mitk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph g(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=6793087&loc=d3e301413-122809 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration