Fair Value Measurement

12 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 8 – Fair Value Measurement

Assets measured at fair value on a nonrecurring basis at September 30, 2012 included the following:

Fair Value Measurements Using Inputs Considered as

	Fair Value at September 30, 2012		Level 1		Level 2		Level 3
Goodwill (Dynasil Products Reporting Unit)	$	4,015,072		-		-	$	4,015,072

odwill for the Dynasil Products reporting unit was deemed to be impaired and written down to its fair value of $4,015,072 at September 30, 2012. The fair value measurement was calculated using a discounted cash flow approach, which includes unobservable inputs classified as Level 3 within the fair value hierarchy.  The amount and timing of future cash flows was based on the Company’s most recent operational budgets.  The Company uses the assistance of an independent consulting firm to develop valuation assumptions. See Note 2 for additional disclosures on goodwill impairment.

There were no assets or liabilities measured at fair value on a nonrecurring basis at September 30, 2011.