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FAIR VALUE MEASUREMENTS & DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Sep. 30, 2012

Fair Value Measurements for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes fair value measurements at September 30, 2012 and September 30, 2011 for assets and liabilities measured at fair value on a recurring basis:

September 30, 2012:

		Level 1				Level 2				Level 3				Total
Cash and cash equivalents		$	3,377,288			$	—			$	—			$	3,377,288
Marketable securities		$	106,500			$	—			$	—			$	106,500
Derivative assets		$	—			$	—			$	250,250			$	250,250
Derivative liabilities		$	—			$	—			$	647,213			$	647,213
Contingent consideration		$	—			$	—			$	173,621			$	173,621
September 30, 2011:
		Level 1				Level 2				Level 3				Total
Cash and cash equivalents		$	7,507,389			$	—			$	—			$	7,507,389
Marketable securities		$	634,585			$	—			$	—			$	634,585
Derivative assets		$	—			$	—			$	161,125			$	161,125
Derivative liabilities		$	—			$	—			$	944,980			$	944,980
Contingent consideration		$	—			$	—			$	—			$	—

Assumptions Used in Valuing Derivative Asset

The assumptions used in valuing the derivative asset as of September 30, 2012 and 2011 were as follows:

		September 30, 2012		September 30, 2011
Risk free interest rate		0.23%		0.4%
Expected life		1.3 Years		2.3 Years
Dividend yield		none		none
Volatility		72%		72%

Reconciliation of Derivative Asset

The following is a reconciliation of the derivative asset for the years ended September 30, 2012 and 2011:

Value at September 30, 2010		$	—
Receipt of instruments			618,500
Change in value			(457,375	)
Value at October 1, 2011			161,125
Receipt of instruments			—
Increase in value			89,125
Net settlements			—
Value at September 30, 2012		$	250,250

Change in Fair Value of Contigent Consideration Obligation

Value at September 30, 2011		$	—
Purchase price contingent consideration			173,621
Contingent consideration payments			—
Change in fair value of contingent consideration			—
Value at September 30, 2012		$	173,621

Warrants [Member]

Assumptions Used in Valuing Derivative Liability

The assumptions used in valuing the derivative liability as of September 30, 2012 and 2011 were as follows:

		September 30, 2012		September 30, 2011
Risk free interest rate		0.31%		0.9%
Expected life		3.2 Years		4.2 Years
Dividend yield		none		none
Volatility		100%		100%

Reconciliation of Derivative Liability

The following is a reconciliation of the derivative liability related to these warrants for the years ended September 30, 2012 and 2011:

Value at September 30, 2010		$	2,408,522
Receipt of instruments			—
Change in value			(1,501,289	)
Value at September 30, 2011		$	907,233
Receipt of instruments			—
Change in value			(281,038	)
Net settlements			—
Value at September 30, 2012		$	626,195

Exchange rights [Member]

Assumptions Used in Valuing Derivative Liability

The assumptions used in valuing the derivative liability as of September 30, 2012 and 2011 were as follows:

		September 30, 2012		September 30, 2011
Risk free interest rate		0.62%		1.3%
Expected life		5.3 Years		6.3 Years
Dividend yield		none		none
Volatility		100%		100%

Reconciliation of Derivative Liability

The following is a reconciliation of the derivative liability related to these exchange rights for the years ended September 30, 2012 and 2011:

Value at September 30, 2010		$	—
Issuance of instruments			100,650
Change in value			(69,758	)
Value at September 30, 2011		$	30,892
Issuance of instruments			—
Change in value			(20,520	)
Net settlements			—
Value at September 30, 2012		$	10,372

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-SubTopic 10

-Section 50

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