SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Dec. 31, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of stock option activity under the 2011 Plan and 2007 Plan

	Shares	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding at September 30, 2012	1,142,000	$3.31	4.7	$ --
Granted..............................................	120,000	1.14	9.3	--
Exercised...........................................	--	--	--	--
Forfeited............................................	365,000	3.43	--	--
Expired..............................................	--	--	--	--
Outstanding at December 31, 2012	897,000	$2.98	6.9	$ --
Options expected to vest at December 31, 2012........................	435,150	$2.90	9.0	--
Options vested and exercisable at December 31, 2012........................	414,700	$3.04	4.8	--

Schedule of assumptions for estimating the fair value of each stock option

	For the Three-Month Periods Ended  December 31,
	2012	2011
Expected term (in years)...................................................	5.0	3.0
Risk-free interest rate........................................................	0.6% – 0.7%	0.04%
Expected volatility.............................................................	70.0% - 70.4%	69%
Expected dividend yield...................................................	0%	0%
Forfeiture rate.....................................................................	5%	12%

Schedule of restricted stock activity under the 2007 Plan

	Shares	Weighted Average Grant Date Fair Value
Non-vested balance at September 30, 2012...................................	7,500	$2.02
Changes during the period:
Shares granted...........................................................................	371,375	1.16
Shares vested............................................................................	(7,500)	2.02
Shares forfeited.........................................................................	--	--
Non-vested balance at December 31, 2012..................................	371,375	$1.16