SHAREHOLDERS' EQUITY

3 Months Ended

Dec. 31, 2011

Stockholders Equity Note [Abstract]

SHAREHOLDERS' EQUITY

NOTE 5     SHAREHOLDERS’ EQUITY

Anti-takeover Provisions

The Company is authorized to issue up to 4,000,000 shares of "blank check" preferred stock. The Board of Directors has the authority and discretion, without shareholder approval, to issue preferred stock in one or more series for any consideration it deems appropriate, and to fix the relative rights and preferences thereof including their redemption, dividend and conversion rights.

Stock Repurchase

In September 2002 and January 2004, the Company’s Board of Directors authorized the repurchase of up to an aggregate of 486,200 shares of outstanding common stock. Under those authorizations, as of December 31, 2011, the Company had repurchased an aggregate of 172,603 shares at a cost of approximately $403,000, but none during the three-month periods ended December 31, 2011 and 2010.

Changes in Shareholders’ Equity

Changes in shareholders’ equity for the three-month period ended December 31, 2011 are summarized below:

	Common  Stock	Capital In  Excess of  Par Value	Retained  Earnings	Treasury  Stock	Other  Comprehensive  Income
Balance at September 30, 2011.......	$87,943	$16,845,673	$3,009,130	$(1,260,057)	$  --
Share based compensation..........	173	136,992	--	--	--
Foreign currency translation.......	--	--	--	--	916
Net loss......................	--	--	(1,513,180)	--	--
Balance at December 31, 2011........	$88,116	$16,982,665	$1,495,950	$(1,260,057)	$916