Transition report pursuant to Rule 13a-10 or 15d-10

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Dec. 31, 2015

Class of Stock [Line Items]

Dividends Preferred Stock [Table Text Block]

Dividend charges recorded during the three months ended December 31, 2015 and 2014 are as follows:

		For the Three Months Ended
		December 31,
		2015			2014
Series
A		$	12,510			12,510
A-1			7,380			7,380
B			-			-
C-1			-			-
C-2			-			-
C-3			-			-
Total		$	19,890		$	19,890

Schedule of Accrued Liabilities [Table Text Block]

Accrued dividends payable at December 31, 2015 and September 30, 2015 are comprised of the following:

		December 31,			September 30,
		2015			2015
Series
A		$	259,646		$	247,136
A-1			191,487			184,107
B			-			-
C-1			-			-
C-2			-			-
C-3			-			-
Total		$	451,133		$	431,243

Schedule of Share-based Compensation, Activity [Table Text Block]

The following table presents information related to stock warrants at December 31, 2015:

Warrants Outstanding						Warrants Exercisable
						Weighted
			Outstanding			Average			Exercisable
Exercise			Number of			Remaining			Number of
Price			Warrants			Life in Years			Warrants

$	0.40			217,335			0.11			217,335
$	0.75			175,000			0.24			175,000
$	1.00			45,000			0.16			45,000
				437,335			0.17			437,335

Warrant [Member]

Class of Stock [Line Items]

Schedule Of Share Based Compensation warrants Authorized By Exercise Price Range [Table Text Block]

A summary of the warrant activity during the three months ended December 31, 2015 is presented below:

					Weighted			Weighted
					Average			Average
		Number of			Exercise			Remaining			Intrinsic
		Warrants			Price			Life in Years			Value
Outstanding, September 30, 2015			2,918,254		$	0.89
Issued			-			-
Exercised			-			-
Expired			(2,480,919)			1.00
Outstanding, December 31, 2015			437,335		$	0.60			0.17		$	-

Exercisable, December 31, 2015			437,335		$	0.60			0.17			-