XML 55 R23.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2015
Equity [Abstract] |
Fair Value Calculations for Stock-Based Compensation Awards | The fair value calculations for stock-based compensation awards to employees for the fiscal years ended September 30, 2015 and 2013 were based on the following assumptions:
|  | 2015 |  |  | 2013 |
Risk-free interest rate |  | 1.29% - 1.66% |  |  | 0.18% - 1.20% |
Expected life (years) |  | 5.3 |  |  |  | 5.3 |
Expected volatility |  |  | 90% |  |  |  | 175% |
Expected dividends |  | None |  |  | None |
Stock-Based Compensation Expense Related to Stock Options and RSUs | The following table summarizes stock-based compensation expense under ASC 718 for the fiscal years ended September 30, 2015, 2014 and 2013, which were allocated as follows:
|  | 2015 |  |  | 2014 |  |  | 2013 |
Sales and marketing |  | $ | 743,534 |  |  | $ | 823,876 |  |  | $ | 433,130 |
Research and development |  |  | 592,297 |  |  |  | 675,033 |  |  |  | 617,377 |
General and administrative |  |  | 2,031,655 |  |  |  | 1,945,571 |  |  |  | 1,741,355 |
Acquisition-related costs and expenses |  |  | 392,982 |  |  |  | - |  |  |  | - |
Stock-based compensation expense related to employee stock options included in operating expenses |  | $ | 3,760,468 |  |  | $ | 3,444,480 |  |  | $ | 2,791,862 |
Summary of Vested and Unvested Options, Weighted Average Exercise Price per Share, Weighted Average Remaining Term and Aggregate Intrinsic Value | The following table summarizes vested and unvested options, weighted average exercise price per share, weighted average remaining term and aggregate intrinsic value at September 30, 2015:
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Life (in Years) |  |  | Aggregate Intrinsic Value |
Vested |  |  | 1,785,034 |  |  | $ | 4.39 |  |  |  | 5.20 |  |  | $ | 1,548,344 |
Unvested |  |  | 1,862,671 |  |  | $ | 3.04 |  |  |  | 9.01 |  |  |  | 743,541 |
Total |  |  | 3,647,705 |  |  | $ | 3.70 |  |  |  | 7.15 |  |  | $ | 2,291,885 |
Stock Option Activity | The following table summarizes stock option activity under the Company’s stock option plans during the fiscal years ended September 30, 2015, 2014 and 2013:
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Term (in Years) |
Outstanding, September 30, 2012 |  |  | 3,512,286 |  |  | $ | 3.39 |  |  |  | 6.46 |
Granted |  |  | 651,563 |  |  | $ | 3.63 |  |  |  |  |
Exercised |  |  | (1,103,582 | ) |  | $ | 0.90 |  |  |  |  |
Cancelled |  |  | (235,303 | ) |  | $ | 7.26 |  |  |  |  |
Outstanding, September 30, 2013 |  |  | 2,824,964 |  |  | $ | 4.09 |  |  |  | 7.29 |
Granted |  |  | — |  |  | $ | — |  |  |  |  |
Exercised |  |  | (108,135 | ) |  | $ | 1.27 |  |  |  |  |
Cancelled |  |  | (382,503 | ) |  | $ | 4.77 |  |  |  |  |
Outstanding, September 30, 2014 |  |  | 2,334,326 |  |  | $ | 4.11 |  |  |  | 5.46 |
Granted |  |  | 1,927,500 |  |  | $ | 2.92 |  |  |  |  |
Exercised |  |  | (232,203 | ) |  | $ | 1.06 |  |  |  |  |
Cancelled |  |  | (381,918 | ) |  | $ | 3.85 |  |  |  |  |
Outstanding, September 30, 2015 |  |  | 3,647,705 |  |  | $ | 3.70 |  |  |  | 7.15 |
Number of Stock Options Outstanding under Prior Plans | The following table summarizes the number of stock options outstanding under the Prior Plans as of September 30, 2015:
2000 Stock Option Plan |  |  | 6,262 |
2002 Stock Option Plan |  |  | 189,338 |
2006 Stock Option Plan |  |  | 43,000 |
2010 Stock Option Plan |  |  | 1,037,669 |
Total stock options outstanding under the Prior Plans |  |  | 1,276,269 |
RSU Activity | The following table summarizes RSU activity in the fiscal years ended September 30, 2015, 2014 and 2013:
|  | Number of shares |  |  | Weighted-average fair value per share |
Outstanding at September 30, 2012 |  |  | 515,834 |  |  | $ | 6.30 |
Granted |  |  | 255,000 |  |  | $ | 3.15 |
Settled |  |  | (50,829 | ) |  |  | 7.76 |
Cancelled |  |  | (27,501 | ) |  | $ | 11.05 |
Outstanding at September 30, 2013 |  |  | 692,504 |  |  | $ | 4.85 |
Granted |  |  | 625,139 |  |  | $ | 4.83 |
Settled |  |  | (63,334 | ) |  | $ | 4.66 |
Cancelled |  |  | (153,006 | ) |  | $ | 5.03 |
Outstanding at September 30, 2014 |  |  | 1,101,303 |  |  | $ | 4.71 |
Granted |  |  | 104,000 |  |  | $ | 2.29 |
Settled |  |  | (255,041 | ) |  | $ | 2.96 |
Cancelled |  |  | (147,345 | ) |  | $ | 3.54 |
Outstanding at September 30, 2015 |  |  | 802,917 |  |  | $ | 4.49 |

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
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 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 2: 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 3: 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=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited 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_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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