FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Jun. 30, 2013

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Summary of Assumptions Used to Compute Fair Value of Warrants

The assumptions used to compute the fair value of the warrants at June 30, 2013 and September 30, 2012 were as follows:

	June 30, 2013			September 30, 2012
	Warrant A			Warrant A
Risk-free interest rate		0.62	%		0.41	%
Dividend yield		0.00	%		0.00	%
Volatility of the Company's common stock		87.43	%		117.30	%
Expected life of the options (years)		2.9			3.6
Fair value per unit	$	0.668		$	0.881