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RECEIVABLES FROM EMPLOYEES IN RESPECT OF STOCK OPTION EXERCISES
9 Months Ended
Jun. 30, 2012
Receivables From Employees In Respect Of Stock Option Exercises [Text Block]

6. RECEIVABLES FROM EMPLOYEES IN RESPECT OF STOCK OPTION EXERCISES


Receivables from employees in respect of stock option exercises due from the former President of the Company totaled $29,000 at October 1, 2011. Such amounts were forgiven during the quarter ended December 31, 2011 in connection with his resignation.