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SUBSEQUENT EVENTS:
6 Months Ended
Mar. 31, 2013
SUBSEQUENT EVENTS:  
SUBSEQUENT EVENTS:

(10) SUBSEQUENT EVENTS:

 

On May 3, 2013, the Company received a staff deficiency letter from The Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that for the past 30 consecutive business days, the closing bid price per share of its common stock was below the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(a)(2) (the “  Listing Rule  “) and that the Company is not in compliance with the Listing Rule. Nasdaq has provided the Company with an initial grace period of 180 calendar days, or until October 30, 2013, to regain compliance by sustaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.

 

Management has evaluated subsequent events through the date that the Company’s financial statements were issued. Based on this evaluation, the Company has determined that no subsequent events have occurred which require disclosure through the date that these financial statements were issued.