SHAREHOLDERS' EQUITY

6 Months Ended

Mar. 31, 2013

Stockholders Equity Note [Abstract]

SHAREHOLDERS' EQUITY

NOTE 5    SHAREHOLDERS’ EQUITY

Anti-takeover Provisions

The Company is authorized to issue up to 4,000,000 shares of "blank check" preferred stock. The Board of Directors (the “Board”) has the authority and discretion, without shareholder approval, to issue preferred stock in one or more series for any consideration it deems appropriate, and to fix the relative rights and preferences thereof including their redemption, dividend and conversion rights.

Stock Repurchase

In September 2002 and January 2004, the Board authorized the repurchase of up to an aggregate of 486,200 shares of outstanding common stock. Under those authorizations, as of March 31, 2013, the Company had repurchased an aggregate of 172,603 shares at a cost of approximately $403,000, but none during the three and six-month periods ended March 31, 2013 and 2012.

Changes in Shareholders’ Equity

Changes in shareholders’ equity for the six-month period ended March 31, 2013 are summarized below:

		Common Stock				Treasury Stock
	Total	Number of Shares	Par Value	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Number of  Shares	Amount	Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2012	$9,187,963	8,811,595	$88,116	$17,020,771	$(6,624,926)	706,410	$(1,260,057)	$(35,941)
Share-based compensation	226,490	7,500	75	226,415	--	--	--	--
Comprehensive loss:
Foreign currency translation	(9,201)	--	--	--	--	--	--	(9,201)
Net reclassification of adjustments on marketable securities	23,744	--	--	--	--	--	--	23,744
Net income	286,839	--	--	--	286,839	--	--	--
Balance at March 31, 2013	$9,715,835	8,819,095	$88,191	$17,247,186	$(6,338,087)	706,410	$(1,260,057)	$(21,398)