MARKETABLE SECURITIES

12 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Investments In Debt and Marketable Equity Securities (And Certain Trading Assets) Disclosure [Text Block]

NOTE 4            MARKETABLE SECURITIES

Effective October 1, 2012, the Company changed its classification of marketable equity securities from available-for-sale to trading. As a result of this reclassification, an unrealized net loss of $23,744 was reclassified out of accumulated other comprehensive loss and charged to earnings. Marketable equity securities are carried at fair value, as determined by quoted market prices, which is a Level 1 input, as established by the fair value hierarchy under ASC 820.  The corresponding unrealized holding gains or losses of securities classified as trading are recognized in earnings. The Company’s marketable securities are summarized in the table below:

	For the Fiscal Years Ended September 30,
	2014		2013
Trading:
Cost	$	1,320,816	$	954,053
Unrealized gains		48,560		174,940
Unrealized losses		(318,146)		(48,246)
Total fair value	$	1,051,230	$	1,080,747

Realized gains and losses on marketable securities for the fiscal year ended September 30, 2014 were $606,000 and ($583,000), respectively and are included in the accompanying consolidated statements of operations and comprehensive loss. Realized gains and losses on marketable securities for the fiscal year ended September 30, 2013 were approximately $3,146,000 and $(3,868,000), respectively and are included in the accompanying consolidated statements of operations and comprehensive loss.

The following table presents the Company’s fair value hierarchy for assets, consisting of marketable securities, measured at fair value on a recurring basis at September 30, 2014 and 2013:

	Level 1		Level 2		Level 3		Total
Equity securities	$	1,051,230	$	-	$	-	$	1,051,230
Total assets at fair value at September 30, 2014	$	1,051,230	$	-	$	-	$	1,051,230
Equity securities	$	1,080,747	$	-	$	-	$	1,080,747
Total assets at fair value at September 30, 2013	$	1,080,747	$	-	$	-	$	1,080,747