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LONG-TERM DEBT
9 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Long-term Debt [Text Block]
3
LONG-TERM DEBT
 
Long-term debt consists of the following:
 
 
 
June 30, 2013
 
September 30, 2012
 
 
 
 
 
 
 
 
 
Term loan payable to a bank in monthly installments of $7,735 including interest at 6% per annum due 2016. The loan is collateralized by substantially all assets of the Company and is guaranteed by James N. Jannello.
 
$
241,287
 
$
305,900
 
 
 
 
 
 
 
 
 
 
 
 
241,287
 
 
305,900
 
Less current portion
 
 
80,539
 
 
84,280
 
 
 
$
160,748
 
$
221,620
 
These obligations mature as follows:
 
 
 
 
 
 
 
2013
 
$
80,539
 
 
 
 
2014
 
 
85,493
 
 
 
 
2015
 
 
75,255
 
 
 
 
 
 
$
241,287