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WARRANTS ISSUED
 6 Months Ended
Mar. 31, 2014
Stockholders Equity Note [Abstract]  
Stockholders Equity Note Disclosure [Text Block]
13.
WARRANTS ISSUED
 
In February 2014, the Company issued warrants to acquire 100,000 shares of the Company’s common stock to a financial adviser. The exercise price of the warrants is $11.77. The warrants were exercisable immediately and expire in two years. The fair value of the warrants, which was entirely charged to expense upon issuance, was estimated to be $147,683 in accordance with FASB ASC 820, Fair Value Measurements, using a Black-Scholes option-pricing model using the following weighted average assumptions:
 
Volatility
 
31.5
%
Expected life
 
1.0 years
 
Expected dividend yield
 
-
 
Risk free rate
 
.12
%