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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Sep. 30, 2012
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Fair Value Measurements at Reporting

 

 

Fair Value

 

Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)

 

Significant Other Observable Inputs (Level 2)

 

Significant Unobservable Inputs (Level 3)

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes Payable

 

$3,899,161

 

$     -

 

$3,899,161

 

$     -

 

 

 

 

 

 

 

 

 

Total Liabilities

 

$3,899,161

 

$     -

 

$3,899,161

 

$     -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes Payable

 

$4,315,086

 

$     -

 

$4,315,086

 

$     -

 

 

 

 

 

 

 

 

 

Total Liabilities

 

$4,315,086

 

$     -

 

$4,315,086

 

$     -