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INCOME TAXES (Details Textual) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2016
Income Taxes [Line Items]      
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent     34.00%
Deferred Tax Liabilities, Net $ 16,400,000   $ 16,400,000
Effective Income Tax Rate Reconciliation, Deduction, Amount, Total 250,000 $ 1,750,000  
Current Federal, State and Local, Tax Expense (Benefit) 1,000,000    
New York State [Member]      
Income Taxes [Line Items]      
Income Taxes Receivable 240,000   240,000
New York City [Member]      
Income Taxes [Line Items]      
Income Taxes Receivable $ 775,000   $ 775,000