REDUCTION OF CARRYING VALUE OF ASSETS (Tables)

12 Months Ended

Sep. 30, 2013

REDUCTION OF CARRYING VALUE OF ASSETS

Schedule of the reduction of the carrying value of assets as reported in the Consolidated Statements of Operations

	Year ended September 30,
	2013		2012
Oil and natural gas properties	$	4,506,000	$	2,551,000
Real estate held for sale	-		1,854,000
Investment in joint ventures	-		1,754,000
Lot acquisition rights – Mauka Lands	-		488,000
Total reduction of carrying value of assets	$	4,506,000	$	6,647,000