Headquarters Facility Sale and Purchase

12 Months Ended

Sep. 30, 2014

Litigation [Abstract]

Unusual or Infrequent Items Disclosure [Text Block]

Headquarters Facility Sale and Purchase

In April 2013, the Company entered into a Contract of Sale Agreement and closed on the purchase of a new headquarters facility in Edgewood (Brentwood), New York, for a cash purchase price of $3.3 million. Subsequent to year end, the Company entered into a contract for the sale of this facility at a gross sale price of $3.5 million, which is included in assets held for sale as of September 30, 2014 in the accompanying consolidated balance sheets. An estimated loss on the sale of $52,048 has been reflected in the accompanying consolidated statement of operations for 2014 after factoring in selling and transaction costs.

In August 2013, the Company closed on a Contract of Sale Agreement to sell its Hauppauge, New York headquarters facility for a gross sale price of $6,350,000. The sale resulted in a gain of approximately $3.5 million in the accompanying consolidated statement of operations for 2013.