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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Mar. 31, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]  
Summary of Assumptions Used to Compute Fair Value of Warrants

The assumptions used to compute the fair value of the warrants at March 31, 2014 and September 30, 2013 are as follows:

 

    March 31, 2014     September 30, 2013  
    Warrant A     Warrant A  
             
Risk-free interest rate     0.49 %     0.51 %
Dividend yield     0.00 %     0.00 %
Volatility of the Company's common stock     69.30 %     71.15 %
Expected life of the options (years)     2.12       2.6  
                 
Fair value per unit   $ 1.152     $ 0.444