General form of registration statement for all companies including face-amount certificate companies

COMMITMENTS AND CONTINGENCIES (Tables)

v2.4.0.8
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Annual License Maintenance Fee Commitments
Annual license maintenance obligations extend through the life of the patents. The following table reflects the Company’s annual license maintenance fee commitments:
 
Year Ending
September 30,
 
 
 
 
2014
 
$
35,000
 
2015
 
 
45,000
 
2016
 
 
50,000
 
2017
 
 
50,000
 
 
 
$
180,000
 
Schedule of Future Minimum Leases Payments
The following table reflects the Company’s future minimum lease payments due under this noncancelable lease agreement as of September 30, 2013:
 
Year Ending
September 30,
 
 
 
 
2014
 
$
60,372
 
2015
 
 
30,186
 
 
 
$
90,558