SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Summary of Activity in Allowance for Doubtful Accounts

	2014			2013
Opening balance	$	87		$	123
Charged to expense		12			41
Accounts recovered		—			(18	)
Accounts written off		(45	)		(59	)
Ending balance	$	54		$	87

Schedule of Activity in Inventory Obsolescence

	2014			2013
Opening Balance	$	359		$	310
Provision for Slow Moving & Obsolesence		29			49
Write-off of Obsolete & Slow Moving Inventory		(89	)		-
Closing Balance
	$	299		$	359

Schedule of Property and Equipment

	2014			2013
Land and improvements	$	914		$	914
Buildings and improvements		21,374			21,250
Machinery and equipment		18,135			17,571
Office furniture and fixtures		690			690
Construction in progress		13			92
		41,126			40,517
Less:  accumulated depreciation		(25,177	)		(23,604	)
Net property and equipment	$	15,949		$	16,913

Schedule of Goodwill

	Vetronics			Bioanalytical Services		Preclinical Services		Total
Balance as of October 1, 2013	$	374		$	971	$	38	$	1,383
Impairment loss		(374	)		-		-		(374	)
Balance as of September 30, 2014	$	-		$	971	$	38	$	1,009

Summary of Assumptions Used to Compute Fair Value of Warrants

	September 30, 2014			September 30, 2013
	Warrant A			Warrant A
Risk-free interest rate		0.41	%		0.51	%
Dividend yield		0.00	%		0.00	%
Volatility of the Company's common stock		63.58	%		71.15	%
Expected life of the options (years)		1.6			2.6
Fair value per unit	$	0.846		$	0.444

 

	Warrant A			Warrant B
Risk-free interest rate		1.87	%		0.18	%
Dividend yield		0.00	%		0.00	%
Volatility of the Company's common stock		106.91	%		116.01	%
Expected life of the options (years)		5.0			1.0
Fair value per unit	$	1.433		$	0.779

Schedule of Financial Liabilities Measured at Fair Value

The following table summarizes fair value measurements by level as of September 30, 2014, for the Company's financial liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3
Interest rate swap agreement	$	-	$	21	$	-
Class A warrant liability	$	-	$	676	$	-

The following table summarizes fair value measurements by level as of September 30, 2013, for the Company's financial liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3
Interest rate swap agreement	$	-	$	-	$	-
Class A warrant liability	$	-	$	612	$	-