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Common Stock
12 Months Ended
Sep. 30, 2012
Equity [Abstract]  
Common Stock [Text Block]
K.Common Stock

 

During the year ended September 30, 2010, the following common stock transactions occurred:

 

Stock options totaling 20,000 shares were exercised by employees and directors for proceeds of $56,000.

 

The Company acquired 197,950 shares of common stock for the treasury at a cost of $1.6 million.  These shares were subsequently retired.

 

The Company issued 895,255 shares for principal and accrued interest to redeem convertible debt amounting to $7.5 million.

 

The Company transferred 29,000 shares from temporary equity to permanent equity as a result of the shares being sold by the holders into the open market.

 

During the year ended September 30, 2011, the following common stock transactions occurred:

 

Stock options totaling 25,000 shares were exercised by employees and directors for proceeds of $188,750.

 

The Company acquired 415,384 shares of common stock for the treasury at a cost of $3.3 million.  These shares were subsequently retired.

 

The Company issued 26,320 shares of common stock for debt aggregating $269,780.

 

The Company transferred 70,000 shares aggregating $1.4 million from temporary equity to permanent equity in connection with the settlement of certain cross-litigation.

 

During the year ended September 30, 2012, the following common stock transactions occurred:

 

Warrants totaling 118,856 shares were exercised by holders for proceeds of $1.0 million.

 

The Company acquired 262,054 shares of common stock for the treasury at a cost of $2.1 million.  These shares were subsequently retired.