Company Owned Life Insurance Policies	6 Months Ended
Mar. 31, 2014
Company Owned Life Insurance Policies	NOTE 5 – During the six months ended March 31, 2013, company-owned life insurance policies terminated upon the death of the insured, the Company’s founder and former Chairman. As a result, the Company recognized a $3,993 non-taxable gain representing the difference between the death benefit and the cash surrender value of the policies. The resulting gain was recorded as a component of nonoperating income during the three months ended December 31, 2012 in the accompanying consolidated statement of operations, and served to reduce the Company’s effective rate for that three-month period as well as for the six months ended March 31, 2013. Total proceeds of $18,102 from the policies were received during the three months ended March 31, 2013.

Company Owned Life Insurance Policies

6 Months Ended

Mar. 31, 2014

NOTE 5 – During the six months ended March 31, 2013, company-owned life insurance policies terminated upon the death of the insured, the Company’s founder and former Chairman. As a result, the Company recognized a $3,993 non-taxable gain representing the difference between the death benefit and the cash surrender value of the policies. The resulting gain was recorded as a component of nonoperating income during the three months ended December 31, 2012 in the accompanying consolidated statement of operations, and served to reduce the Company’s effective rate for that three-month period as well as for the six months ended March 31, 2013. Total proceeds of $18,102 from the policies were received during the three months ended March 31, 2013.

- Definition

The entire disclosure for corporate (COLI) or bank (BOLI) owned life insurance including the amount of cash surrender value that could be received as of the date of the statement of financial position, any restrictions on the company's ability to obtain the value of the life insurance policy on surrender, or any other additional information desired to be disclosed.

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