Debt Instruments (Tables)

9 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding debt instruments

As of June 30, 2013, the Company had the following outstanding debt instruments:

	Principal balance at issuance date		Principal  balance at June 30, 2013		Unamortized Debt Discount balance at June 30, 2013			Net Balance
Senior Secured Revolving Credit Facility	$	5,000,000	$	5,000,000	$	(180,000	)	$	4,820,000
Senior Subordinated Secured Convertible Promissory 2013 Notes		11,923,000		11,923,000		(996,000	)		10,927,000
Senior Subordinated Secured Promissory Notes		4,000,000		5,233,000		-			5,233,000
Subordinated Secured Convertible Promissory Notes		15,051,200		16,092,000		(8,150,000	)		7,942,000

Forbearance extenstions and warrants

The table below summarized the various Forbearance Extensions along with the warrants issued to PFG.

Forbearance	Extension Through Date	Exercise Price per share	Exercisable Share
Waiver	September 30, 2012	Lower of NEFEP or $0.11		2,045,455
Forbearance Extension	October 31, 2012	Lower of NEFEP or $0.11		2,045,455
Second Forbearance Extension	December 15, 2012	Lower of NEFEP or $0.11		2,045,455
Third Forbearance Extension	January 31, 2013	Lower of NEFEP or $0.11		2,045,455
Fourth Forbearance Extension	February 28, 2013	Lower of NEFEP or $0.11		2,045,455
Fifth Forbearance Extension	March 31, 2013	Lower of NEFEP or $0.11		2,045,455
Sixth Forbearance Extension	April 30, 2013	Lower of NEFEP or $0.11		2,045,455
Seventh Forbearance Extension	May 31, 2013	Lower of NEFEP or $0.11		2,045,455
Eighth Forbearance Extension	June 30, 2013	Lower of NEFEP or $0.11		2,045,455
Total				18,409,095

Significant weighted average assumptions to estimate fair value

The Company estimated the fair value of the derivative liability using the Binomial Lattice pricing model with the following significant inputs, as outlined below, to estimate the fair value of the derivative liability as of June 30, 2013 and September 30, 2012:  

	June 30, 2013		September 30, 2012
Risk free interest rate	0.47	%		0.35	%
Expected volatility	74.8	%		92.78	%
Expected dividends	None			None