INCOME (LOSS) PER SHARE (Tables)

9 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of calculated potential diluted earnings per share

For the three and nine months ended June 30, 2015, the Company calculated the potential diluted earnings per share in accordance with ASC 260, as follows:

	For the Three		For the Nine
	Months Ended		Months Ended
	June 30, 2015		June 30, 2015
Numerator:
Net income (loss) applicable to common equity (numerator for basic and diluted earnings per share)	$	495,110	$	(2,169,959)
Weighted average shares outstanding (denominator for basic earnings per share)		8,364,247		8,329,950
Effective of dilutive securities
Assumed exercise of stock options, treasury stock method		-		-
Assumed exercise of warrants, treasury stock method		-		-
Assumed vesting of restricted stock, treasury stock method		9,089		-
Dilutive potential common shares		9,089		-
Denominator for diluted earnings per share - weighted average shares and assumed potential common shares		8,373,336		8,329,950
Earnings (loss) per share, diluted	$	0.06	$	(0.26)

Schedule of securities are excluded from the calculation of weighted average dilutive common shares

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2015		2014		2015		2014
Options		278,500		901,000		278,500		901,000
Warrants		723,846		723,846		723,846		723,846
Convertible preferred stock		-		648,846		-		648,846
Non-vested restricted stock		176,666		327,581		228,332		327,581
Total potentially dilutive shares		1,179,012		2,601,273		1,230,678		2,601,273