Note 11 - Stockholders' Equity

6 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

11.

STOCKHOLDERS’ EQUITY

Summary

The following table summarizes changes in the components of stockholders’ equity during the

six

months ended

March

31,

2017:

										Accumulated
					Additional					Other			Total
	Common Stock				Paid-in		Accumulated			Comprehensive			Stockholders'
	Shares		Amount		Capital		Deficit			Loss			Equity
Balances, September 30, 2016		31,800,103	$	318	$	86,467,215	$	(51,895,099	)	$	(1,549	)	$	34,570,885
Share-based compensation expense		-		-		642,151		-			-			642,151
Other comprehensive loss		-		-		-		-			(1,978	)		(1,978	)
Net loss		-		-		-		(514,329	)		-			(514,329	)
Balances, March 31, 2017		31,800,103	$	318	$	87,109,366	$	(52,409,428	)	$	(3,527	)	$	34,696,729

Share Buyback Program

The Board of Directors approved a share buyback program in

2015

under which the Company was authorized to repurchase up to

million of its outstanding common shares. This program expired on

December

31,

2016

and in

December

2016,

the Board extended the program through

December

31,

2017.

There were

shares repurchased during the

six

months ended

March

31,

2017.

During the

six

months ended

March

31,

2016,

1,099,608

shares were repurchased for

$1,748,456

under these

two

programs.

Dividends

December

2015,

the Company announced a cash dividend of

$0.01

per share on the Company’s common stock, payable on

January

29,

2016

to stockholders of record on

January

15,

2016,

and on

February

2016,

the Company announced a cash dividend of

$0.01

per share on the Company’s common stock, payable on

March

30,

2016

to stockholders of record on

March

15,

2016.

Dividends charged to retained earnings in the

three

and

six

months ended

March

31,

2016

were

$317,988

and

$636,661,

respectively. There were

dividends declared in the

six

months ended

March

31,

2017.