Lease Agreements

12 Months Ended

Sep. 30, 2013

Leases of Lessee Disclosure [Text Block]

Note 14 – Lease Agreements

Capital Leases

The Company has entered into long-term capital lease agreements for purchases of various computer and telephone equipment at a weighted average interest rate of 7.6%. At September 30, 2013 and 2012, the remaining principal payments due under all capital leases were $357,000 and $-0-, respectively. Aggregate minimum annual principal obligations at September 30, 2013, under non-cancelable leases are as follows:

	2014		2015		2016		2017		2018		Total

Capital Lease Obligations	$	124,383	$	133,543	$	59,722	$	23,920	$	14,988	$	356,556

Property Leases

The Company has non-cancelable operating lease agreements, primarily for property, that expire through 2014. One of the Company’s facilities is leased from a company controlled by the former owner of RMD, who is also a former director of the Company and the former President of the RMD subsidiary. This building is leased as a month-to-month tenancy and will continue until terminated by either the Company with not less than six months’ prior written notice or the facility’s owner with not less than three years’ prior written notice. Rent expense for the years ended September 30, 2013 and 2012 amounted to $1,243,000 and $1,281,000, respectively. Future non-cancelable minimum lease payments under property leases as of September 30, 2013 are as follows:

Years ending September 30,

2014	$	688,000
2015		140,000
2016		143,000
2017		147,000
2018		134,000
thereafter		622,000

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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