SHARE-BASED PAYMENTS (Tables)

9 Months Ended

Jun. 30, 2014

Share-based payments

Schedule of share-based compensation benefit

	Three months ended							Nine months ended
	June 30,							June 30,
		2014			2013			2014			2013
Share-based compensation benefit		$	(19,000	)	$	(77,000	)	$	(209,000	)	$	(118,000	)
Income tax effect		$	-		$	-		$	-		$	-

Equity-classified share options

Share-based payments

Schedule of assumptions used in estimating fair value

The following assumptions were used in estimating fair value for equity-classified share options in the nine months ended June 30, 2014:

Expected volatility	55.6%
Expected dividends	0.0%
Expected term (in years)	10.0
Risk-free interest rate	3.0%
Expected forfeitures	None

Summary of the activity in share options

							Weighted-
							Average
				Weighted-			Remaining
				Average			Contractual		Aggregate
				Exercise			Term		Intrinsic
Options	Shares		Price				(in years)		Value
Outstanding at October 1, 2013		60,000			$	8.62
Granted		30,000			3.01
Exercised		-
Expired/Forfeited		-
Outstanding at June 30, 2014		90,000			$	6.75		3.4	$	-
Exercisable at June 30, 2014		60,000			$	8.62		0.4	$	-

Liability-classified share options

Share-based payments

Schedule of share-based compensation benefit

	Three months ended						Nine months ended
	June 30,						June 30,
	2014			2013			2014			2013
Due to vesting	$	8,000		$	8,000		$	18,000		$	32,000
Due to remeasurement	(35,000		)	(85,000		)	(245,000		)	(150,000		)
Total share-based compensation benefit for liability-based awards	$	(27,000	)	$	(77,000	)	$	(227,000	)	$	(118,000	)

Schedule of assumptions used in estimating fair value

	Nine months ended June 30,
	2014	2013
Expected volatility range	34.1% to 57.1%	49.8% to 64.4%
Weighted-average volatility	50.1%	60.0%
Expected dividends	0.0%	0.0%
Expected term (in years)	0.4 to 9.5	1.4 to 6.5
Risk-free interest rate	0.1% to 2.5%	0.3% to 1.9%
Expected forfeitures	None	None

Summary of the activity in share options

							Weighted-
							Average
				Weighted-			Remaining
				Average			Contractual		Aggregate
				Exercise			Term		Intrinsic
Options	Shares		Price				(in years)		Value
Outstanding at October 1, 2013		717,250			$	8.37
Granted		30,000			3.01
Exercised		-
Expired/Forfeited		-
Outstanding at June 30, 2014		747,250			$	8.15		3.9	$	-
Exercisable at June 30, 2014		717,250			$	8.37		3.7	$	-