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Stockholders' Equity (Tables)
3 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table summarizes stock-based compensation expense related to stock options and RSUs, which was allocated as follows:

 

     Three months ended
December 31,
 
     2013      2012  

Sales and marketing

   $ 201,524       $ 76,653   

Research and development

     184,888         123,578   

General and administrative

     442,659         456,303   
  

 

 

    

 

 

 

Stock-based compensation expense included in operating expenses

   $ 829,071       $ 656,534   
  

 

 

    

 

 

 
Fair Value Calculations for Stock-Based Compensation Awards

The fair value calculations for stock-based compensation awards were based on the following assumptions:

 

    

Three months ended

December 31,

     2013   2012

Risk-free interest rate

   0.12% - 0.63%   0.18% - 0.71%

Expected life (years)

   2.52   4.91

Expected volatility

   96%   165%

Expected dividends

   None   None
Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the three months ended December 31, 2013:

 

     Number of
Shares
    Weighted-
Average
Exercise Price
     Weighted-
Average
Remaining
Contractual Term
(in Years)
 

Outstanding, September 30, 2013

     2,824,964      $ 4.09         7.29   

Granted

     —          —        

Exercised

     (67,226   $ 1.03      

Cancelled

     (3,708   $ 4.44      
  

 

 

      

Outstanding, December 31, 2013

     2,754,030      $ 4.16         7.05   
  

 

 

      
Significant Ranges of Outstanding and Exercisable Options

The following table summarizes significant ranges of outstanding and exercisable options as of December 31, 2013:

 

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 $0.79

     353,436         6.00       $ 0.73         353,436       $ 0.73         —     

$0.80 to $1.95

     355,695         2.11       $ 0.94         355,695       $ 0.94         —     

$2.34 to $2.60

     789,624         7.58       $ 2.51         382,549       $ 2.55         407,075   

$3.33 to $9.97

     951,586         8.51       $ 5.81         334,625       $ 6.86         616,961   

$11.05 to $11.68

     303,689         8.13       $ 11.08         146,881       $ 11.08         156,808   
  

 

 

          

 

 

       

 

 

 
     2,754,030         7.05       $ 4.16         1,573,186       $ 3.49         1,180,844   
  

 

 

          

 

 

       

 

 

 
RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the three months ended December 31, 2013:

 

     Number of
Shares
    Weighted-Average
Fair Market Value
Per Share
 

Outstanding, September 30, 2013

     692,504      $ 4.85   

Granted

     495,139      $ 5.25   

Settled

     (7,500   $ 3.17   

Cancelled

     (630   $ 5.25   
  

 

 

   

Outstanding, December 31, 2013

     1,179,513      $ 5.03