INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of income tax provision (benefit)

	2013			2012
Federal:
Current	$	-		$	-
Deferred		2,955,000			1,422,000
		2,955,000			1,422,000
State and local:
Current		-			-
Deferred		407,000			196,000
		407,000			196,000
Change in valuation allowance		(3,362,000	)		(1,618,000	)
Income tax provision (benefit)	$	-		$	-

Schedule of effective income tax rate reconciliation

	September 30,
	2013			2012
Statutory federal income tax rate		(34.00	%)		(34.00	%)
Statutory state and local income tax rate (7.1%), net of federal benefit		(4.69	%)		(4.69	%)
Stock based compensation		3.27	%		10.74	%
Depreciation and amortization		(0.12	%)		(0.28	%)
Amortization of debt discount		0.00	%		2.92	%
Change in valuation allowance		35.54	%		25.31	%
Effective tax rate		0.00	%		0.00	%

Schedule of components of deferred tax assets

	September 30,
	2013			2012
Deferred tax assets (liabilities):
Stock based compensation	$	578,000		$	768,000
Depreciation and amortization		(21,000	)		(20,000	)
Amortization of debt discount		-			209,000
Net operating loss carry forward		17,913,000			14,551,000
Less: valuation allowance		(18,470,000	)		(15,508,000	)
Net deferred tax asset	$	-		$	-