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Stock Options (Tables)

12 Months Ended

Sep. 30, 2012

Stock Option and Stock Based Employee Compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Following is a summary of options activity:

(in thousands, except exercise prices and contractual terms)		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (Years)				Aggregate Intrinsic Value at September 30, 2012
Outstanding at October 1, 2009			120				7.53
Granted			465				10.25
Forfeited			-
Exercised			(20	)			2.80
Outstanding at September 30, 2010			565				9.94
Granted			35				7.15
Forfeited			(55	)			8.57
Exercised			(25	)			7.55
Outstanding at September 30, 2011			520			$	10.01
Granted			755			$	8.41
Expired or cancelled			(490	)		$	10.18
Exercised			-
Outstanding at September 30, 2012			785			$	8.36				1.79			$	-
Exercisable at September 30, 2012			30			$	7.15				0.92			$	34

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of options issued for the year ended September 30, 2010 were estimated to be $258,439 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility			47	%
Expected life			1.0 years
Expected dividend yield			-
Risk free rate			0.27	%

In August 2011, the Company issued 35,000 stock options under the 2010 Plan to Directors and certain employees.  These options become exercisable in August 2012, have a strike price of $7.15 per share and expire in August 2013.  The fair value of options issued for the year ended September 30, 2011 were estimated to be $49,521 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility			50	%
Expected life			1.5 years
Expected dividend yield			-
Risk free rate			0.19	%

On June 27, 2012, the Company issued 100,000 options to the Company’s directors. These options become exercisable in June 2013, have a strike price of $8.78 per share and expire in June 2014.  The fair value of these options were estimated to be $160,488 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility			37	%
Expected life			1.5 years
Expected dividend yield			-
Risk free rate			0.31	%

On July 2, 2012, the Company issued 655,000 options to certain Company employees. Of these options, 442,500 were exchanged for existing options which were to expire in September 2012. These new options become exercisable in July 2013, have a strike price of $8.35 per share and expire in July 2014.  The fair value of these options was estimated to be $966,493 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:

Volatility			37	%
Expected life			1.5 years
Expected dividend yield			-
Risk free rate			0.30	%

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- 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

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (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

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