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Restricted Stock Issuance | 12 Months Ended
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Sep. 30, 2015
Restricted Assets Disclosure [Abstract] |
Restricted Assets Disclosure [Text Block] |
| Q. | Restricted Stock Issuance
In July 2014, the Company granted to an executive officer and an officer of a subsidiary an aggregate total of 96,325 shares of restricted stock. The total grant date fair value of all of these awards was $938,478 and vest in two years. Restricted stock awards are awards of common stock that are subject the restrictions on transfer and to a risk of forfeiture if the awardee terminates employment with the Company prior to the lapse of the restrictions. The fair value of such stock was determined using the closing price on the grant date and compensation expense is recorded over the applicable vesting periods. Forfeitures are recognized as a reversal of expense of any unvested amounts in the period incurred. The Company recognized $480,024 and $122,935 during the years ended September 30, 2015 and 2014, respectively with respect to these shares. As of September 30, 2015, $368,804 remains unamortized.

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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. + References No definition available. + Details
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