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Preferred Stock
6 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Preferred Stock

In Fiscal 2010, the Company sold and issued an aggregate of 3,490 Series B convertible preferred stock units (the “Preferred Stock Units”) at a purchase price of $700 per Preferred Stock Unit. Each share is convertible at any time at the holder’s option into 2,000 shares of common stock at a conversion price per share of common stock equal to $0.50. Only 900 shares of Preferred Stock Units were outstanding as of March 31, 2013 and September 30, 2012, respectively, and a liquidation preference of $866,000 and $926,000 as of March 31, 2013 and September 30, 2012, respectively. These shares were convertible into approximately 1,800,000 shares of the Company’s common stock.