SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2015

Schedule Of Valuation And Qualifying Accounts Disclosure

summary of activity in our allowance for doubtful accounts is as follows:

	Fiscal year ended September 30,
	2015		2014
Opening balance	$	54	$	87
Charged to expense		505		(33)
Accounts recovered		—		—
Accounts written off		—		—
Ending balance	$	559	$	54

Schedule Of Movement In Inventory Reserve

A summary of activity in our inventory obsolescence is as follows for the years ended September 30, 2015 and 2014:

	Fiscal year ended September 30,
	2015		2014
Opening balance	$	299	$	359
Provision for slow moving and obsolescence		45		29
Write-off of obsolete and slow moving inventory		(43)		(89)
Closing balance	$	301	$	299

Schedule of Property, Plant and Equipment

Property and equipment, net, as of September 30, 2015 and 2014 consisted of the following:

	2015		2014
Land and improvements	$	923	$	914
Buildings and improvements		21,347		21,374
Machinery and equipment		17,946		18,135
Office furniture and fixtures		640		690
Construction in progress		832		13
		41,688		41,126
Less: accumulated depreciation		(25,699)		(25,177)
Net property and equipment	$	15,989	$	15,949

Fair Value, Liabilities Measured on Recurring Basis

The following table summarizes fair value measurements by level as of September 30, 2015, for the Company’s financial liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3
Interest rate swap agreement	$	-	$	50	$	-
Class A warrant liability	$	-	$	189	$	-

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	$	-

Class A Warrant [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The assumptions used to compute the fair value of the Class A Warrants at September 30, 2015 and 2014 were as follows:

	September 30, 2015			September 30, 2014
Risk-free interest rate		0.14	%		0.41	%
Dividend yield		0.00	%		0.00	%
Volatility of the Company's common shares		65.03	%		63.58	%
Expected life of the warrants (years)		0.6			1.6
Fair value per unit	$	0.236		$	0.846