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Note 11 - Stockholders' Equity
 6 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
1
1. STOCKHOLDERS’ EQUITY
 
Summary
 
The following table summarizes changes in the components of stockholders’ equity during the six months ended March 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additional
 
 
 
 
 
 
Other
 
 
Total
 
 
 
Common Stock
 
 
Treasury
 
 
Paid-in
 
 
Accumulated
 
 
Comprehensive
 
 
Stockholders'
 
 
 
Shares
 
 
Amount
 
 
Stock
 
 
Capital
 
 
Deficit
 
 
Income/(Loss)
 
 
Equity
 
Balances, September 30, 2014
    33,236,489     $ 332     $ -     $ 88,049,125     $ (59,346,666 )   $ -     $ 28,702,791  
Share-based compensation expense
    -       -       -       308,854       -       -       308,854  
Issuance of common stock upon exercise
of stock options , net
    83,667       1       -       107,213       -       -       107,214  
Repurchase of common stock
    (44,707 )     -       -       (101,634 )     -       -       (101,634 )
Treasury shares
    (24,506 )     -     $ (57,106 )     -       -       -       (57,106 )
Other comprehensive income
    -       -       -       -       -       1,098       1,098  
Net income
    -       -       -       -       796,145       -       796,145  
Balances, March 31, 2015
    33,250,943     $ 333     $ (57,106 )   $ 88,363,558     $ (58,550,521 )   $ 1,098     $ 29,757,362  
 
Stock Purchase Warrants
 
At March 31, 2015, the Company had 1,627,945 shares purchasable under outstanding warrants at an exercise price of $2.67 which are exercisable through February 4, 2016.
 
Share Buyback Program
 
In July 2013, the Board of Directors approved a share buyback program under which the Company may repurchase up to $3 million of its outstanding common shares. In November 2013, the Board of Directors authorized the repurchase of an additional $1 million of the Company’s outstanding common shares. In November 2014, the expiration of the buyback program was extended from December 31, 2014 to December 31, 2015. During the six months ended March 31, 2015, 69,213 shares were repurchased.