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Stock Options (Tables)
12 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Following is a summary of options activity:
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
Average
 
Aggregate
 
 
 
 
 
 
Weighted
 
Remaining
 
Intrinsic
 
 
 
 
 
 
Average
 
Contractual
 
Value at
 
 
 
 
 
 
Exercise
 
Term
 
September
 
(in thousands, except exercise prices and contractual terms)
 
Options
 
Price
 
(Years)
 
30, 2014
 
Outstanding at October 1, 2011
 
 
520
 
$
10.01
 
 
 
 
 
 
 
Granted
 
 
755
 
 
8.41
 
 
 
 
 
 
 
Expired or cancelled
 
 
(490)
 
 
10.18
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
 
 
 
 
 
 
 
 
Outstanding at September 30, 2012
 
 
785
 
 
8.36
 
 
 
 
 
 
 
Granted
 
 
10
 
 
8.70
 
 
 
 
 
 
 
Expired or cancelled
 
 
(30)
 
 
7.15
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Outstanding at September 30, 2013
 
 
765
 
$
8.41
 
 
 
 
 
 
 
Granted
 
 
-
 
 
 
 
 
 
 
 
 
 
Expired or cancelled
 
 
(385)
 
 
8.35
 
 
 
 
 
 
 
Exercised
 
 
(370)
 
 
8.40
 
 
 
 
 
 
 
Outstanding at September 30, 2014
 
 
10
 
$
8.70
 
 
.75
 
$
22
 
Exercisable at September 30, 2014
 
 
10
 
$
8.70
 
 
.75
 
$
22
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
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
%
 
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
%
 
 The fair value of these options was estimated to be $ 11,670 at the date of grant using a Black-Scholes option-pricing model using the following weighted average assumptions:
 
Volatility
 
27
%
Expected life
 
1.5 years
 
Expected dividend yield
 
-
 
Risk free rate
 
0.27
%