FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Jun. 30, 2012

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Fair value of assets and liabilities measured on recurring basis

The Company had no investments carried at market value at June 30, 2012. The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of September 30, 2011, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

September 30, 2011

	Quoted Prices			Significant
	In an Active			Other			Significant
	Market for			Observable			Unobservable
	Identical Assets			Inputs			Inputs
	(Level 1)			(Level 2)			(Level 3)			Total
United States Treasury Bills		$	5,007,446		$	-		$	-		$	5,007,446
Marketable equity securities -Exile Resources			524,346			-			-			524,346
Restricted certificate of deposit			131,000			-			-			131,000
		$	5,662,792		$	-		$	-		$	5,662,792