CASH DIVIDENDS	12 Months Ended
Sep. 30, 2016
CASH DIVIDENDS [Abstract]
CASH DIVIDENDS	(6) CASH DIVIDENDS Common stock dividends - The Board of Directors suspended common stock dividends to conserve cash during the global recession that began in 2009 and will consider whether to resume paying common stock dividends as conditions and the Company’s operating results improve. Preferred stock dividends - At September 30, 2016 there were 448,705 shares of Series A Convertible Preferred Stock issued and outstanding. The preferred stock, which has a stated value of $24 per share, pays a 4% cumulative annual dividend semi-annually on October 15 and April 15 each year. Semi-annual dividends of $217,000 and $216,816 were paid on October 15, 2015 and April 15, 2016 respectively. On September 29, 2016, the board of directors declared a cash dividend of $0.48 per preferred share which was paid on October 15, 2016 to shareholders of record as of October 6, 2016.

(6) CASH DIVIDENDS

Common stock dividends - The Board of Directors suspended common stock dividends to conserve cash during the global recession that began in 2009 and will consider whether to resume paying common stock dividends as conditions and the Company’s operating results improve.

Preferred stock dividends - At September 30, 2016 there were 448,705 shares of Series A Convertible Preferred Stock issued and outstanding. The preferred stock, which has a stated value of $24 per share, pays a 4% cumulative annual dividend semi-annually on October 15 and April 15 each year. Semi-annual dividends of $217,000 and $216,816 were paid on October 15, 2015 and April 15, 2016 respectively.

On September 29, 2016, the board of directors declared a cash dividend of $0.48 per preferred share which was paid on October 15, 2016 to shareholders of record as of October 6, 2016.