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Note 11 - Stockholders' Equity
 9 Months Ended
Jun. 30, 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 nine months ended June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additional
 
 
 
 
 
 
Other
 
 
Total
 
 
 
Common Stock
 
 
Paid-in
 
 
Accumulated
 
 
Comprehensive
 
 
Stockholders'
 
 
 
Shares
 
 
Amount
 
 
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
    -       -       461,717       -       -       461,717  
Issuance of common stock upon exercise of stock options , net
    394,167       4       494,830       -       -       494,834  
Repurchase of common stock
    (404,495 )     (4 )     (965,470 )     -       -       (965,474 )
Other comprehensive income
    -       -       -       -       (397 )     (397 )
Net income
    -       -       -       732,198       -       732,198  
Balances, June 30, 2015
    33,226,161     $ 332     $ 88,040,202     $ (58,614,468 )   $ (397 )   $ 29,425,669  
 
 
Stock Purchase Warrants
 
At June 30, 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 nine months ended June 30, 2015, 404,495 shares were repurchased.