SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock option activity

The following table summarizes stock option activity during the three months ended December 31, 2015:

				Weighted
			Weighted	Average
			Average	Remaining
	Number of		Exercise	Life		Intrinsic
	Options		Price	In Years		Value
Outstanding, September 30, 2015	311,000	$	2.39
Granted	-		-
Exercised	-		-
Forfeited	-		-
Outstanding, December 31, 2015	311,000	$	2.39	5.5	$	73,325
Exercisable, December 31, 2015	235,125	$	2.84	4.3	$	17,600

Schedule of additional information regarding stock option awards

The following table provides additional information regarding stock option awards that were outstanding and exercisable at December 31, 2015:

Options Outstanding					Options Exercisable
		Weighted			Weighted	Weighted
		Average	Outstanding		Average	Average	Exercisable
Exercise		Exercise	Number of		Exercise	Remaining Life	Number of
Price		Price	Options		Price	In Years	Options
$0.64 to $1.99	$	0.93	122,500	$	1.28	6.2	55,000
$2.00 to $2.99		2.46	96,000		2.46	3.6	95,750
$3.00 to $3.99		3.74	72,500		3.74	5.1	64,375
$4.00 to $6.02		6.02	20,000		6.02	0.3	20,000
			311,000			4.3	235,125

Schedule Of summarizes restricted stock activity

The following table summarizes restricted stock activity during the three months ended December 31, 2015:

			Weighted
			Average		Total
	Number of		Grant Date		Grant Date
	Shares		Fair Value		Fair Value
Non-vested, September 30, 2015	263,332		$	0.87	$	230,165
Granted	17,500			1.13		19,775
Vested	(69,166	)		1.04		(72,158	)
Forfeited	-			-		-
Non-vested, December 31, 2015	211,666		$	0.84	$	177,782