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Subsequent Events
9 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 15 – Subsequent Events

 

On July 31, 2012, the Company received $3 million in subordinated financing as part of a Note Purchase Agreement signed with Massachusetts Capital Resource Company (MCRC). See the Liquidity Section of Item 2: Management’s Discussion and Analysis for further details.

 

On August 1, 2012, the Company satisfied three promissory notes, each dated as of June 7, 2012, issued by the Company in favor of certain entities affiliated with Dr. Gerald Entine (together, “Entine”) in the aggregate principal amount of $1,857,546. The Company incurred the Entine indebtedness in satisfaction of its obligation to repurchase certain shares of Dynasil common stock from Entine pursuant to a put right exercised by Dr. Entine on February 12, 2012. The Entine Promissory Notes were satisfied on August 1, 2012.