FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Dec. 31, 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 December 31, 2013 and September 30, 2013:

	December 31, 2013			September 30, 2013
	Warrant A			Warrant A
Risk-free interest rate		0.52	%		0.51	%
Dividend yield		0.00	%		0.00	%
Volatility of the Company's common stock		72.83	%		71.15	%
Expected life of the options (years)		2.35			2.6
Fair value per unit	$	1.396		$	0.444