INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of income tax provision (benefit)

	2014			2013			2012
Federal:
Current	$	-			-		$	-
Deferred		643,000			2,955,000			1,422,000
		643,000			2,955,000			1,422,000
State and local:
Current		-			-			-
Deferred		13,000			407,000			196,000
		13,000			407,000			196,000
Valuation allowance		(656,000	)		(3,362,000	)		(1,618,000	)
Income tax provision (benefit)	$	-			-		$	-

Schedule of effective income tax rate reconciliation

	September 30,
	2014			2013			2012
Statutory federal income tax rate		34.00	%		34.00	%		34.00	%
Statutory state and local income tax rate (1%, 7.1% and 7.1% as of September 30, 2014, 2013 and 2012, respectively), net of federal benefit		0.66	%		4.69	%		4.69	%
Stock based compensation		0.00	%		(3.27	%)		(10.74	%)
Other		(0.05	%)		0.12	%		0.28	%
Amortization of debt discount		0.00	%		0.00	%		(2.92	%)
Change in valuation allowance		(34.61	%)		(35.54	%)		(25.31	%)
Effective tax rate		0.00	%		0.00	%		0.00	%

Schedule of components of deferred tax assets

	September 30,
	2014			2013
Deferred tax assets (liabilities):
Stock based compensation	$	5,619,000		$	5,486,000
Depreciation and amortization		1,733,000			1,977,000
Impairment of intangibles		40,000			44,000
Amortization of debt discount		15,822,000			17,662,000
Warrant liability		2,917,000			2,905,000
Net operating loss carry forward		14,326,000			11,728,000
Less: valuation allowance		(40,457,000	)		(39,802,000	)
Net deferred tax asset	$	-		$	-