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Common Stock and Options (Tables) | 12 Months Ended
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Sep. 30, 2017
Equity [Abstract] |
Schedule of Share-based Compensation Arrangements by Share-based Payment Award |
|  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value
Balance - September 30, 2016 |  | — |  |  | — |  |  | — |  |  | — |
Granted during fiscal 2017 |  | 750,000 |  |  | $ | 3.53 |  |  | 3.33 |  |  | — |
Forfeitures/expired in fiscal 2017 |  | — |  |  | — |  |  | — |  |  | — |
Exercised during fiscal 2017 |  | — |  |  | — |  |  | — |  |  | — |
Balance - September 30, 2017 |  | 750,000 |  |  | $ | 3.53 |  |  | 2.58 |  |  | — |
A summary of the status of the Company’s nonvested shares is as follows:
Nonvested Shares |  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Nonvested Shares at September 30, 2014 |  | — |  |  | — |
Granted during fiscal 2015 |  | 12,500 |  |  | $ | 49.49 |
Vested during 2015 fiscal |  | — |  |  | — |
Forfeited during fiscal 2015 |  | — |  |  | — |
Nonvested Shares at September 30, 2015 |  | 12,500 |  |  | $ | 49.49 |
Granted during fiscal 2016 |  | — |  |  | — |
Vested during 2016 fiscal |  | (2,333 | ) |  | $ | 49.50 |
Forfeited during fiscal 2016 |  | — |  |  | — |
Nonvested Shares at September 30, 2016 |  | 10,267 |  |  | $ | 49.49 |
Granted during fiscal 2017 |  | — |  |  | — |
Vested during fiscal 2017 |  | (4,933 | ) |  | $ | 49.58 |
Forfeited during fiscal 2017 |  | — |  |  | — |
Nonvested Shares at September 30, 2017 |  | 5,334 |  |  | $ | 49.39 |
Schedule of Stock Options Using Valuation Assumptions | The fair value of the Option Grants was estimated on the date of grant using a Monte Carlo valuation model that uses the assumptions noted in the following table. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding; the range given below results from different time-frames for the various market conditions being met.
Expected Volatility | 32.19 | %
Expected Term (in years) | 2.6 - 4.0 |
Risk Free Rate | 2.45 | %

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=96867065&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 -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901 + Details
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- Definition 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=96867065&loc=d3e5070-113901 + Details
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