XML 38 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
6 Months Ended
Mar. 31, 2014
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
March 31,
     Six Months Ended
March 31,
 
     2014      2013      2014      2013  

Sales and marketing

   $ 234,167       $ 98,651       $ 435,691       $ 175,303   

Research and development

     192,939         162,481         377,827         286,060   

General and administrative

     488,944         442,467         931,603         898,770   
  

 

 

    

 

 

    

 

 

    

 

 

 

Stock-based compensation expense included in operating expenses

   $ 916,050       $ 703,599       $ 1,745,121       $ 1,360,133   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value Calculations for Stock-Based Compensation Awards

The fair value calculations for stock-based compensation awards to employees for the six months ended March 31, 2014 and 2013 were based on the following assumptions:

 

     Six Months Ended
March 31, 2014
    Six Months Ended
March 31, 2013
 

Risk-free interest rate

     0.12 – 0.63     0.18 – 0.81

Expected life (years)

     2.52        4.98   

Expected volatility

     96     167

Expected dividends

     None        None   
Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the six months ended March 31, 2014:

 

     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

     (103,223   $ 1.22      

Cancelled

     (13,678   $ 5.33      
  

 

 

      

Outstanding, March 31, 2014

     2,708,063      $ 4.19         6.82   
  

 

 

      
Significant Ranges of Outstanding and Exercisable Options

The following table summarizes significant ranges of outstanding and exercisable options as of March 31, 2014:

 

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

     336,762         5.75       $ 0.73         336,762       $ 0.73         —     

$0.80 to $1.95

     350,000         1.89       $ 0.93         350,000       $ 0.93         —     

$2.34 to $2.60

     775,684         7.33       $ 2.51         412,717       $ 2.55         362,967   

$3.33 to $9.97

     942,367         8.26       $ 5.81         391,383       $ 6.72         550,984   

$11.05 to $11.68

     303,250         7.88       $ 11.08         166,225       $ 11.08         137,025   
  

 

 

          

 

 

       

 

 

 
     2,708,063         6.82       $ 4.19         1,657,087       $ 3.68         1,050,976   
  

 

 

          

 

 

       

 

 

 
RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the six months ended March 31, 2014:

 

     Number of
Shares
    Weighted-Average
Fair Market Value
Per Share
 

Outstanding, September 30, 2013

     692,504      $ 4.85   

Granted

     495,139      $ 5.25   

Settled

     (28,334   $ 8.96   

Cancelled

     (3,837   $ 5.25   
  

 

 

   

Outstanding, March 31, 2014

     1,155,472      $ 4.92