Quarterly report pursuant to Section 13 or 15(d)

D. Stock-Based Compensation (Tables)

v3.7.0.1
D. Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2017
D. Stock-based Compensation Tables  
Summary Of Stock Option Activity
          Weighted Average        
    Number of Shares     Exercise Price    

Remaining Contractual

Term (in years)

   

Aggregate Intrinsic

Value

 
Outstanding at 9/30/2016     12,204,000     $ 0.38       5.0     $ 1,125  
    Granted     760,000     $ 0.19       -     $ -  
    Exercised     -     $ -       -     $ -  
    Expired or Canceled     (243,000 )   $ 0.63       -     $ -  
    Forfeited     -     $ -       -     $ -  
Outstanding at 6/30/2017     12,721,000     $ 0.37       4.6     $ -  

 

          Weighted Average        
    Number of Shares     Exercise Price    

Remaining Contractual

Term (in years)

   

Aggregate Intrinsic

Value

 
Outstanding at 9/30/2015     12,164,591     $ 0.42       5.4     $ 5,963  
    Granted     700,000     $ 0.23       -     $ -  
    Exercised     -     $ -       -     $ -  
    Expired or Canceled     (660,591 )   $ 0.82       -     $ -  
    Forfeited     -     $ -       -     $ -  
Outstanding at 6/30/2016     12,204,000     $ 0.38       5.0     $ -  

Details Of Stock Options
        Options Outstanding     Options Exercisable  
                    Weighted                 Weighted  
        Number     Weighted     Average     Number     Weighted     Average  
  Range of     Outstanding     Average     Remaining     Exercisable     Average     Remaining  
  Exercise Prices     at June 30, 2017     Exercise Price     Contractual Life (in years)     At June 30, 2017     Exercise Price     Contractual Life (in years)  
  $ 0.10-$0.20       1,010,000     $ 0.19       9.25       622,497     $ 0.19       9.07  
  $ 0.21-$0.30       3,537,500     $ 0.27       5.08       3,537,500     $ 0.27       5.08  
  $ 0.31-$0.40       6,551,500     $ 0.39       4.08       6,551,500     $ 0.39       4.08  
  $ 0.41-$0.50       500,000     $ 0.45       4.52       500,000     $ 0.45       4.52  
  $ 0.51-$0.60       791,250     $ 0.58       2.57       791,250     $ 0.58       2.57  
  $ 0.61-$0.70           $                 $        
  $ 0.71-$0.80       80,750     $ 0.76       3.48       80,750     $ 0.76       3.48  
  $ 0.81-$0.90       250,000     $ 0.90       0.04       250,000     $ 0.90       0.04  
            12,721,000                       12,333,497                  

 

Stock-based compensation expense
    For the three months ended June 30,     For the nine months ended June 30,  
    2017     2016     2017     2016  
Research and Development Expenses   $     $     $     $  
General and Administrative Expenses     29       33       83       108  
    $ 29     $ 33     $ 83     $ 108  
Assumptions Of Stock Based Compensation
    For the three months ended June 30,     For the nine months ended June 30,  
    2017     2016     2017     2016  
Dividend yield     0 %     *     0 %     0 %
Pre-vest forfeiture rate     1.50 %     *     7.11 %     7.87 %
Expected volatility     112.28 %     *     107.51 %     117.14 %
Risk-free interest rate     1.91 %     *     1.52 %     1.42 %
Expected term     5.27 years     *   5.27 years     5.27 years