PROPERTY AND EQUIPMENT

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment are summarized as follows:

	September 30,		September 30,
	2014		2013
Land		1,065,500	$	-
Building		4,387,880		-
Furniture and office equipment		316,715		83,687
Computer software		46,619		4,631
Machinery and equipment		2,234,423		78,392
		8,051,137		166,710

Less: Acumulated depreciation		(652,041)		(157,387)
Property and equipment, net		7,399,096	$	9,323

The Company completed the annual impairment test of property and equipment and determined that there was no impairment as the fair value of property and equipment, substantially exceeded their carrying values at September 30, 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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