SUBSEQUENT EVENTS

9 Months Ended

Jun. 30, 2012

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE J- SUBSEQUENT EVENTS

On August 10, 2012, the Company closed a private placement of its common stock. The Company issued and sold 8,265,683 shares of its common stock at a purchase price of $0.04336 per share to “accredited investors,” as defined in regulations promulgated under the Securities Act, for gross proceeds of $358,400.  A registered broker dealer firm acted as the placement agent with respect to the private placement.  In connection with the private placement, the Company paid placement agent commissions and discounts aggregating $25,088.  In addition, the placement agent was issued a warrant with a five-year term to purchase 661,255 shares of common stock with an exercise price of $0.04336 per share.