INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2014

Schedule Of Components Of Income Tax Expense (Benefit) [Table Text Block]

The Company’s provision (benefit) for income taxes consists of the following United States federal and state, and foreign components:

	For The Fiscal Years Ended
	September 30,
	2014		2013
Current:
Federal	$	-	$	-
State		-		75
Foreign		-		(5,570)

Deferred:
Federal		(364,106)		89,832
State		(21,418)		(107,296)
Foreign		11,669		(5,598)
		(373,855)		(28,557)
Change in valuation allowance		373,855		23,062
Income tax provision (benefit)	$	-	$	(5,495)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The Company’s deferred tax assets and liabilities are comprised of the following:

	As of September 30,
	2014		2013
Deferred tax assets:
Net operating losses	$	3,338,494	$	3,213,001
Realized losses on securities		321,557		304,586
Unrealized losses on securities		105,139		-
Share-based compensation		361,337		303,164
Alternative minimum tax credit		99,757		99,757
Excess tax over book basis in inventory		64,682		87,381
Other		34,437		2,369
		4,325,403		4,010,258
Valuation allowance		(4,214,813)		(3,840,958)
Net deferred tax assets		110,590		169,300
Deferred tax liabilities:
Prepaid insurance		(89,721)		(92,602)
Unrealized gains on securities		-		(44,950)
Excess book over tax basis in fixed assets		(20,869)		(31,748)
		(110,590)		(169,300)

Total	$	-	$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The significant elements contributing to the difference between the United States Federal statutory tax rate and the Company’s effective tax rate are as follows:

	For The Fiscal Years Ended
	September 30,
	2014		2013
US federal statutory rate	34.0	%	34.0	%
State tax rate, net of federal benefit	5.0	%	1.9	%
Permanent differences:
- Share-based compensation	(0.4)	%	(20.0)	%
- Other	(7.4)	%	(2.8)	%
Foreign rate differential	5.0	%	(5.6)	%
Other	10.5	%	(2.0)	%
Change in valuation allowance	(46.7)	%	(8.1)	%

Income tax provision (benefit)	0.0	%	(2.6)	%