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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Summary of Activity in Allowance for Doubtful Accounts |
|  | 2014 |  |  | 2013 |
Opening balance |  | $ | 87 |  |  | $ | 123 |
Charged to expense |  |  | 12 |  |  |  | 41 |
Accounts recovered |  |  | — |  |  |  | (18 | )
Accounts written off |  |  | (45 | ) |  |  | (59 | )
Ending balance |  | $ | 54 |  |  | $ | 87 |
Schedule of Activity in Inventory Obsolescence |
|  | 2014 |  |  | 2013 |
Opening Balance |  | $ | 359 |  |  | $ | 310 |
Provision for Slow Moving & Obsolesence |  |  | 29 |  |  |  | 49 |
Write-off of Obsolete & Slow Moving Inventory |  |  | (89 | ) |  |  | - |
Closing Balance |  |  |  |  |  |  |  |
|  | $ | 299 |  |  | $ | 359 |
Schedule of Property and Equipment |
|  | 2014 |  |  | 2013 |
Land and improvements |  | $ | 914 |  |  | $ | 914 |
Buildings and improvements |  |  | 21,374 |  |  |  | 21,250 |
Machinery and equipment |  |  | 18,135 |  |  |  | 17,571 |
Office furniture and fixtures |  |  | 690 |  |  |  | 690 |
Construction in progress |  |  | 13 |  |  |  | 92 |
|  |  | 41,126 |  |  |  | 40,517 |
Less: accumulated depreciation |  |  | (25,177 | ) |  |  | (23,604 | )
Net property and equipment |  | $ | 15,949 |  |  | $ | 16,913 |
Schedule of Goodwill |
|  | Vetronics |  |  | Bioanalytical Services |  |  | Preclinical Services |  |  | Total |
Balance as of October 1, 2013 |  | $ | 374 |  |  | $ | 971 |  |  | $ | 38 |  |  | $ | 1,383 |
Impairment loss |  |  | (374 | ) |  |  | - |  |  |  | - |  |  |  | (374 | )
Balance as of September 30, 2014 |  | $ | - |  |  | $ | 971 |  |  | $ | 38 |  |  | $ | 1,009 |
Summary of Assumptions Used to Compute Fair Value of Warrants |
|  | September 30, 2014 |  |  | September 30, 2013 |  |  |  |  |
|  | Warrant A |  |  | Warrant A |
Risk-free interest rate |  |  | 0.41 | % |  |  | 0.51 | %
Dividend yield |  |  | 0.00 | % |  |  | 0.00 | %
Volatility of the Company's common stock |  |  | 63.58 | % |  |  | 71.15 | %
Expected life of the options (years) |  |  | 1.6 |  |  |  | 2.6 |
Fair value per unit |  | $ | 0.846 |  |  | $ | 0.444 |
|  | Warrant A |  |  | Warrant B |
Risk-free interest rate |  |  | 1.87 | % |  |  | 0.18 | %
Dividend yield |  |  | 0.00 | % |  |  | 0.00 | %
Volatility of the Company's common stock |  |  | 106.91 | % |  |  | 116.01 | %
Expected life of the options (years) |  |  | 5.0 |  |  |  | 1.0 |
Fair value per unit |  | $ | 1.433 |  |  | $ | 0.779 |
Schedule of Financial Liabilities Measured at Fair Value | The following table summarizes fair value measurements by level as of September 30, 2014, for the Company's financial liabilities measured at fair value on a recurring basis:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Interest rate swap agreement |  | $ | - |  |  | $ | 21 |  |  | $ | - |
Class A warrant liability |  | $ | - |  |  | $ | 676 |  |  | $ | - |
The following table summarizes fair value measurements by level as of September 30, 2013, for the Company's financial liabilities measured at fair value on a recurring basis:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Interest rate swap agreement |  | $ | - |  |  | $ | - |  |  | $ | - |
Class A warrant liability |  | $ | - |  |  | $ | 612 |  |  | $ | - |

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