SALE OF PREFERRED SHARES AND WARRANTS (Tables)

12 Months Ended

Sep. 30, 2014

SALE OF PREFERRED SHARES AND WARRANTS [Abstract]

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 Change in Estimated Fair Value of Warrants

	2014			2013
Balance at beginning of year	$	612		$	1,213
Fair value of Class A warrants exercised		(854	)		—
Increase (decrease) in fair value of Class A warrants		918			(601	)
Balance at end of year	$	676		$	612

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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