INVESTMENT IN SUBSIDIARIES (Tables)

12 Months Ended

Sep. 30, 2012

Summarized financial information for Nanotope, Inc. is as follows:


	September 30, 2012			September 30, 2011
Current assets	$	31,000		$	21,000
Non-current assets		0			85,000
Liabilities		2,070,000			1,255,000
Equity		(2,039,000	)		(1,149,000	)


	For the year ended September 30, 2012			For the year ended September 30, 2011
Revenue	$	0		$	515,000
Operating expenses		808,000			1,161,000
Net Loss	$	(890,000	)	$	(709,000	)

	For the year ended September 30, 2012			For the year ended September 30, 2011
Cash flows used in operating activities	$	(831,000	)	$	(705,000	)
Cash flows provided by (used in) investing activities		61,000			(31,000	)
Cash flows provided by financing activities		784,000			746,000

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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