Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule For Assumptions Made In Determination Of Fair Values For Warrant Liability and Debt Conversion Option Liability [Table Text Block]
 
 
Carrying
Value
 
Fair Value Measurements at
 
 
 
As of
 
June 30, 2013
 
 
 
June 30,
 
Using Fair Value Hierarchy
 
 
 
2013
 
Level 1
 
Level 2
 
Level 3
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior secured convertible promissory note
 
$
2,773,900
 
$
-
 
$
2,773,900
 
$
-
 
Subordinated convertible promissory note
 
 
3,500,000
 
 
-
 
 
3,500,000
 
 
-
 
Unsecured convertible promissory note
 
 
90,000
 
 
-
 
 
90,000
 
 
-
 
Unsecured convertible promissory note (October 2012 Notes)
 
 
158,700
 
 
-
 
 
160,000
 
 
-
 
Total
 
$
6,522,600
 
$
-
 
$
6,523,900
 
$
-