MARKETABLE SECURITIES

6 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

NOTE 4    MARKETABLE SECURITIES

The Company classifies its marketable securities as either (i) held-to-maturity, (ii) trading, or (iii) available-for-sale. Effective October 1, 2012, the Company changed its classification of marketable equity securities and corporate bonds from available-for-sale to trading. As a result of this reclassification, a gross gain of $4,764 and a gross loss of $(28,508) was reclassed out of accumulated other comprehensive income (loss) and charged to earnings using a specific identification basis. Equity securities are carried at fair value, as determined by quoted market prices, which is a Level 1 input, as established by the fair value hierarchy under ASC 820.  Corporate bonds are carried at amortized cost, which approximates market value. The corresponding unrealized holding gains or losses, net of taxes, are recognized in earnings. The Company’s marketable securities are summarized in the table below:

	March 31,	September 30,
	2013	2012
Trading:
Cost.............................................................................	$1,165,963	$--
Unrealized Gains........................................................	57,502	--
Unrealized Losses.....................................................	(101,374)	--
Fair Value..............................................................	$1,122,091	$--
Available-for-sale:
Cost.............................................................................	$--	$444,349
Unrealized Gains........................................................	--	4,764
Unrealized Losses.....................................................	--	(28,508)
Total Fair Value..................................................	$--	$420,605

            The net gain on marketable securities for the three and six-month periods ended March 31, 2013 was approximately $86,000 and $328,000, respectively, in the accompanying consolidated statements of operations and comprehensive income (loss).

The following table presents the Company’s fair value hierarchy for assets, consisting of marketable securities, measured at fair value on a recurring basis at March 31, 2013 and September 30, 2012:

	Level 1	Level 2	Level 3	Total
Equity securities................................................................	$1,122,091	$--	$--	$1,122,091
Total assets at fair value at March 31, 2013................	$1,122,091	$--	$--	$1,122,091
Equity securities...............................................................	$420,605	$ --	$--	$420,605
Total assets at fair value at September 30, 2012........	$420,605	$--	$--	$420,605