SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock options valuation assumptions

	For The Three	For The Nine
	Months Ended	Months Ended
	June 30, 2015	June 30, 2015
Expected term (years)	5.90	5.90
Expected volatility	64.4%	64.4%
Risk free interest rate	1.92%	1.92%
Expected dividends	0%	0%
Estimated annual forfeiture rate	10%	10%

Schedule of stock option activity

The following table summarizes stock option activity during the nine months ended June 30, 2016:

				Weighted
			Weighted	Average
			Average	Remaining
	Number of		Exercise	Life		Intrinsic
	Options		Price	In Years		Value
Outstanding, September 30, 2015	311,000	$	2.39
Granted	-
Exercised	-
Forfeited	(40,000)		3.35
Outstanding, June 30, 2016	271,000	$	2.24	5.1	$	33,375
Exercisable, June 30, 2016	223,250	$	2.58	4.2	$	8,100

Schedule of additional information regarding stock option awards

The following table provides additional information regarding stock option awards that were outstanding and exercisable at June 30, 2016:

Options Outstanding				Options Exercisable
	Weighted			Weighted		Weighted
	Average		Outstanding	Average		Average	Exercisable
Exercise	Exercise		Number of	Exercise		Remaining Life	Number of
Price	Price		Options	Price		In Years	Options
$0.64 to $1.99	$	0.99	102,500	$	1.28	5.7	55,000
$2.00 to $2.99		2.46	96,000		2.46	3.1	95,750
$3.00 to $3.99		3.74	72,500		3.74	4.6	72,500
			271,000			4.2	223,250

Schedule Of summarizes restricted stock activity

The following table summarizes restricted stock activity during the nine months ended June 30, 2016:

		Weighted
		Average		Total
	Number of	Grant Date		Grant Date
	Shares	Fair Value		Fair Value
Non-vested, September 30, 2015	263,332	$	0.87	$	230,165
Granted	141,817		1.43		202,521
Vested	(209,166)		0.96		(200,958)
Forfeited	(1,666)		1.67		(2,782)
Non-vested, June 30, 2016	194,317	$	1.18	$	228,946