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STOCK OPTIONS AND STOCK-BASED EMPLOYEE COMPENSATION (Details Textual) - USD ($)
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Allocated Share-based Compensation Expense $ 120,012 $ 120,012
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross 0 0
Share-based Compensation, Total $ 120,000 $ 120,000
Employee Stock Option [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based Compensation, Total $ 0