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STOCK OPTIONS AND STOCK-BASED EMPLOYEE COMPENSATION (Details Textual) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Allocated Share-based Compensation Expense     $ 360,036 $ 360,036
Share-based Compensation, Total $ 120,000 $ 120,000 $ 360,000 $ 360,000
Employee Stock Option [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based Compensation, Total $ 0 $ 0    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance 0 0 0 0