Caspian Services (CSSV) Inactive 10-K14 Jan 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2013	Jan. 10, 2014	Mar. 31, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'CASPIAN SERVICES INC	'	'
Entity Central Index Key	'0001093430	'	'
Document Type	'10-K	'	'
Document Period End Date	30-Sep-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--09-30	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$1,252,005
Entity Common Stock, Shares Outstanding	'	52,657,574	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

CONSOLIDATED_BALANCE_SHEETS_In

CONSOLIDATED BALANCE SHEETS ($ In Thousands, except share and per share data) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
ASSETS	'	'
Cash	$3,973	$4,601
Trade accounts receivable, net of allowance of $2,796 and $1,578, respectively	11,075	7,122
Trade accounts receivable from related parties, net of allowance of $3,499 and $3,254, respectively	1,455	995
Other receivables	705	461
Inventories	1,053	1,900
Property held for sale, net of allowance of $1,273 and $1,592, respectively	203	854
Prepaid taxes	1,329	2,173
Advances paid	829	789
Deferred tax assets	235	1,896
Prepaid expenses and other current assets	571	826
Total Current Assets	21,428	21,617
Vessels, equipment and property, net	50,741	58,928
Drydocking costs, net	519	12
Long-term deferred tax assets	1,849	0
Goodwill	224	229
Intangible assets, net	29	100
Long-term prepaid taxes	4,735	5,433
Investments	13	13
Long-term other receivables, net of current portion	1,005	1,144
Total Assets	80,543	87,476
LIABILITIES AND EQUITY	'	'
Accounts payable	2,409	2,384
Accrued expenses	1,244	761
Taxes payable	911	1,303
Deferred revenue	10	6
Accelerated put option liability	19,649	17,822
Long-term debt - current portion	63,836	59,614
Total Current Liabilities	88,059	81,890
Long-term deferred revenue from related parties	2,619	2,866
Long-term deferred income tax liability	0	292
Total Long-Term Liabilities	2,619	3,158
Total Liabilities	90,678	85,048
EQUITY (Deficit)	'	'
Common stock, $0.001 par value per share; 500,000,000 and 150,000,000 shares authorized in 2013 and 2012, respectively; 52,657,574 shares issued and outstanding	53	53
Additional paid-in capital	64,827	64,799
Accumulated deficit	-49,894	-38,350
Accumulated other comprehensive loss	-15,619	-14,995
Equity (Deficit) attributable to Caspian Services, Inc. Shareholders	-633	11,507
Deficit attributable to noncontrolling interests	-9,502	-9,079
Total Equity (Deficit)	-10,135	2,428
Total Liabilities and Equity (Deficit)	$80,543	$87,476

CONSOLIDATED_BALANCE_SHEETS_In1

CONSOLIDATED BALANCE SHEETS ($ In Thousands, except share and per share data) (Parenthetical) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
ASSETS:	'	'
Allowance for doubtful accounts	$2,796	$1,578
Allowance for trade accounts receivable from related parties	3,499	3,254
Allowance for inventories held for sale	$1,273	$1,592
EQUITY	'	'
Common stock, par value	$0.00	$0.00
Common stock, authorized shares	500,000,000	150,000,000
Common stock, issued shares	52,657,574	52,657,574
Common stock, outstanding shares	52,657,574	52,657,574

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) ($ In Thousands, except share and per share data) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Revenues	'	'
Vessel revenues	$18,234	$17,688
Geophysical service revenues	13,700	6,164
Marine base service revenues (which includes $566 and $544, respectively, from related parties)	1,154	896
Total Revenues	33,088	24,748
Operating Expenses	'	'
Vessel operating costs	10,333	10,309
Cost of geophysical service revenues	7,889	3,733
Cost of marine base service	863	821
Depreciation and amortization	5,015	6,216
Impairment loss	1,062	1,397
General and administrative expense (which includes $198 and $0, respectively, to related parties)	11,078	9,471
Total Costs and Operating Expenses	36,240	31,947
Loss from Operations	-3,152	-7,199
Other Income (Expense)	'	'
Interest expense	-7,985	-6,706
Foreign currency transaction loss	-660	-363
Interest income	62	169
Other non-operating income (loss), net	1,950	-182
Net Other Expense	-6,633	-7,082
Loss from Continuing Operations Before Income Tax	-9,785	-14,281
Benefit from income tax	528	740
Net loss from continuing operations	-9,257	-13,541
Loss from discontinued operations, net of tax of $0 and $99, respectively	-2,571	-2,411
Net loss	-11,828	-15,952
Net loss attributable to noncontrolling interests	284	1,915
Net loss attributable to Caspian Services, Inc	-11,544	-14,037
Other Comprehensive Income (Loss)	'	'
Foreign currency translation adjustment	-763	-684
Total comprehensive loss	-12,307	-14,721
Comprehensive income (loss) attributable to non-controlling interest	139	-57
Comprehensive loss attributable to Caspian Servicc, Inc.	($12,168)	($14,778)
Basic and Diluted Loss per Share from continuing operations	($0.18)	($0.26)
Basic and Diluted Loss per Share from discontinued operations	($0.05)	($0.05)
Basic and diluted loss per share	($0.23)	($0.31)
Weighted Average Shares Outstanding	52,657,574	52,435,666

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) ($ In Thousands, except share and per share data) (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Revenues	'	'
Related Parties Marine Base Services Revenue	$566	$544
General and administrative expense, related parties	198	0
Loss from discontinued operations, tax	$0	$99

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Noncontrolling Interest	Total
In Thousands, except Share data	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Noncontrolling Interest	Total
Beginning Balance, Amount at Sep. 30, 2011	$53	$64,724	($24,313)	($14,254)	($7,221)	$18,989
Beginning Balance, Shares at Sep. 30, 2011	52,213,757	'	'	'	'	'
Net loss	0	0	-14,037	0	-1,915	-15,952
Currency translation adjustment	0	0	0	-741	57	-684
Stock based compensation	443,817	75	0	0	0	75
Ending Balance, Amount at Sep. 30, 2012	53	64,799	-38,350	-14,995	-9,079	2,428
Ending Balance, Shares at Sep. 30, 2012	52,657,574	'	'	'	'	'
Net loss	0	0	-11,544	0	-284	-11,828
Currency translation adjustment	0	0	0	-624	-139	-763
Stock based compensation	0	28	0	0	0	28
Ending Balance, Amount at Sep. 30, 2013	$53	$64,827	($49,894)	($15,619)	($9,502)	($10,135)
Ending Balance, Shares at Sep. 30, 2013	52,657,574	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS ($ In Thousands, except share and per share data) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($11,828)	($15,952)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation and amortization	5,015	7,148
Impairment loss	1,062	1,397
Loss from discontinuied operations	2,571	0
Gain on sale of property and equipment	-1,070	0
Accrued interest on accelerated put option	1,827	2,236
Foreign currency transaction loss	660	370
Stock based compensation	28	75
Changes in current assets and liabilities:	'	'
Trade accounts receivable	-4,190	6,655
Trade accounts receivable from related parties	-471	1,676
Other receivables	945	384
Inventories	807	-81
Inventories held for sale	640	41
Prepaid taxes	776	-374
Advances paid	-26	-146
Deferred tax assets	-243	-299
Prepaid expenses and other current assets	246	447
Long-term prepaid taxes	574	-154
Long-term other receivables, net of current portion	113	47
Accounts payable	48	-2,510
Accounts payable to related parties	-25	-31
Accrued expenses	5,296	2,532
Taxes payable	-366	-993
Deferred revenue	4	-579
Long-term deferred revenue from related parties	-180	-167
Long-term deferred income tax liability	-284	-459
Net cash provided by operating activities	1,929	1,263
Cash flows from investing activities:	'	'
Cash received from sale of vessels, equipment and property	2,878	0
Payments to purchase vessels, equipment and property	-3,381	-1,789
Net cash used in investing activities	-503	-1,789
Cash flows from financing activities:	'	'
Payments on long-term debt	-1,600	-2,000
Net cash used in financing activities	-1,600	-2,000
Effect of exchange rate changes on cash	-454	991
Net change in cash	-628	-1,535
Cash at beginning of period	4,601	6,136
Cash at end of period	3,973	4,601
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest	1,600	0
Cash paid for income tax	$0	$370

NOTE_1_THE_COMPANY_AND_BASIS_O

NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION ($ In Thousands, except share and per share data)	12 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION	'
	Principles of Consolidation – The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and include operations and balances of Caspian Services, Inc. and its wholly-owned subsidiaries: Caspian Services Group Limited (“CSGL”), Caspian Services Group LLP (“Caspian LLP”), Caspian Services Group B.V. (“Caspian B.V.”), Caspian Services LLC (“Caspian LLC”), Caspian Geophysics, Ltd (“CGEO”), TatArka LLP (“TatArka”) and Caspian Real Estate, Ltd (“CRE”); and include majority owned subsidiaries: Balykshi LLP (“Balykshi”) and Kazmorgeophysica CJSC (“KMG”, which was discontinued in August 2013), collectively “Caspian” or the “Company.” Balykshi owns a 20% interest in a joint venture, Mangistau Oblast Boat Yard LLP (“MOBY”). Ownership of 20% to 50% noncontrolling interests are accounted for by the equity method. Ownership of less than a 20% interest is accounted for at cost. Intercompany balances and transactions have been eliminated in consolidation.

	Business Condition – The Company funded a portion of the construction of its marine base through a combination of debt and equity financing pursuant to which the European Bank for Reconstruction and Development (“EBRD”) provided $18,600 of debt financing and made an equity investment in the marine base in the amount of $10,000 in exchange for a 22% equity interest in Balykshi.

	In connection with EBRD’s 22% equity interest in Balykshi, the Company entered into a Put Option Agreement granting EBRD the right to require the Company to repurchase the 22% equity interest based on Balykshi’s fair market value. The put option is exercisable between June 2013 and June 2017. This agreement also contains an acceleration feature that, should a triggering event occur, grants EBRD the right to require the Company to repurchase the $10,000 equity investment at a 20% annual rate of return at any time following the triggering event.

	In accordance with US GAAP the put option is an unconditional obligation and is measured at its fair value based on an estimate of the amount of cash that would be required to settle the liability. At the time of investment, the $10,000 of proceeds from the equity financing was allocated to the put option which was classified as a long-term liability.

	Under the terms of the EBRD Loan Agreement, as amended, Balykshi is required to repay the loan principal and accrued interest in eight equal semi-annual installments commencing November 20, 2011 and then occurring each May 20 and November 20 thereafter until fully repaid. As of the date of this report, none of the required semi-annual repayment installments have been made. The failure to pay the principal or interest on the EBRD loan when due may constitute an event of default under the EBRD Loan Agreement. The EBRD financing agreements have acceleration right features that, in the event of default, allow EBRD to declare the loans and accrued interest immediately due and payable. As a result, the Company has included the EBRD loan and all accrued interest as current liabilities at September 30, 2013 and 2012. Additionally, an event of default may trigger the acceleration clause in the Put Option Agreement with EBRD which would allow EBRD to put its $10,000 investment in Balykshi back to the Company. If EBRD were to accelerate its put right, the Company could be obligated to repay the initial investment plus a 20% annual rate of return. The balance of the accelerated put option liability was $19,649 and $17,822 as of September 30, 2013 and 2012, respectively. This balance includes the 20% rate of return on the $10,000 investment and is classified as a current liability. EBRD also previously notified the Company that it believes the Company and Balykshi are in violation of certain other covenants of the EBRD financing agreements. As of the date of this report on Form 10-K, to the Company’s knowledge, EBRD has not sought to accelerate repayment of the loan or the put option.

	To help the Company meet its additional funding obligations to construct the marine base, in 2008 the Company entered into two facility agreements pursuant to which the Company received debt funding of $30,000. In June and July 2011, Mr. Bakhytbek Baiseitov (the “Investor”) acquired the two facility agreements. In September 2011 the Company issued the Investor two secured promissory notes, a Secured Non-Negotiable Promissory Note in the principal amount of $10,800 (“Non-Negotiable Note”) and a Secured Convertible Consolidated Promissory Note in the principal amount of $24,446 (“Consolidated Note”) in connection with restructuring the facility agreements.

	Pursuant to the terms of the Non-Negotiable Note, the Investor may, at any time, demand and receive payment of the Note by the issuance of common stock of the Company. The price per share for principal and interest shall be $.12 per share. The Investor has the right, at any time, to demand the issuance of shares in satisfaction of the Non-Negotiable Note. If the issuance of common stock has not been demanded by the Investor or made at the election of the Company by the September 30, 2014 maturity date, the Company must repay the principal and interest in cash.

	Pursuant to the terms of the Consolidated Note, interest accrues at 12% per annum and shall be paid semi-annually in arrears on each six month anniversary of the Issuance Date (September 30, 2011). The Consolidated Note provides for a default rate of interest of 13% per annum upon the occurrence and during the continuation of an event of default, which shall be payable in cash upon demand. The unpaid principal amount of the Consolidated Note, and any accrued but unpaid interest thereon, shall be due and payable on September 30, 2014.

	With the increase in the Company’s authorized common stock as discussed in Note 4, the Investor now has the right at any time following a five day written notice to convert all or any portion of the principal and any accrued but unpaid interest into common stock at $.10 per share.

	As of the date of this report, none of the semi-annual interest payments have been made when due. As of September 30, 2013 the Company had cumulatively paid $1,600 to the Investor, which was credited as a reduction of interest due. Subsequent to fiscal 2013 the Company paid an additional $200 to the Investor, which was credited as a reduction of interest due.

	The failure to pay interest on the Consolidated Note when due is an event of default under the Consolidated Note. In the event of a default that remains uncured, the Investor may, at any time, demand immediate repayment of the Consolidated Note. As a result, the Company has included the Consolidated Note and all accrued but unpaid interest as current liabilities at September 30, 2013 and 2012. As of the date of this report on Form 10-K, to the Company’s knowledge, the Investor has not demanded immediate repayment of the Consolidated Note.

	During December 2012 the Company, EBRD and the Investor outlined the terms of a potential restructuring of the Company’s financial obligations to EBRD and the Investor in a non-binding term sheet (“Term Sheet”). Throughout the fiscal year the parties have worked to negotiate definitive agreements pursuant to the terms set out in the Term Sheet. Subsequent to the fiscal year end, negotiations between EBRD, the Investor and the Company to restructure the Company’s financial obligations pursuant to the terms of the Term Sheet stalled and have been discontinued. However, the Company has engaged in new discussions with EBRD regarding a possible restructuring of its financial obligations to EBRD.

	Should EBRD or the Investor determine to accelerate the Company’s repayment obligations to them, the Company currently has insufficient funds to repay its obligations to EBRD or the Investor, individually or collectively, and would be forced to seek other sources of funds to satisfy these obligations. Given the Company’s current and near-term anticipated operating results, the difficult credit and equity markets and the Company’s current financial condition, the Company believes it would be very difficult to obtain new funding to satisfy these obligations. If the Company is unable to obtain funding to meet these obligations EBRD or the Investor could seek any legal remedies available to them to obtain repayment, including forcing the Company into bankruptcy, or in the case of the EBRD loan, which is collateralized by the assets, including the marine base, and bank accounts of Balykshi and CRE, foreclosure by EBRD on such assets and bank accounts. The Company has also agreed to collateralize the Investor’s Notes with non-marine base related assets. The ability of the Company to continue as a going concern is dependent upon, among other things, its ability to (i) successfully restructure its financial obligations to EBRD and the Investor on terms that will allow the Company to service the restructured obligations, (ii) generate sufficient revenue from operations to satisfy its financial obligations, and/or (iii) identify a financing source that will provide the Company the ability to satisfy its financial obligations. Uncertainty as to the outcome of these factors raises substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

	Nature of Operations – The Company’s business consists of three major business segments:

	Vessel Operations – Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea.

	Geophysical Services – Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan.

	Marine Base Services – Marine Base Services consists of operating a marine base located at the Port of Bautino on the North Caspian Sea.

	Discontinued Operations – In August 2013 the Company discontinued operations in KMG. Upon determining to discontinue KMG, all prior periods presented have been restated to separately account for the discontinued operations.

	Recent Accounting Pronouncements –

	In July 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force). The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	In March 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-05, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign (a consensus of the FASB Emerging Issues Task Force). The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	In February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	In January 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	Use of Estimates – The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

	Fair Value of Financial Instruments – The carrying amounts reported in the accompanying consolidated financial statements for other receivables, accounts receivables from related parties, accounts payable to related parties and accrued expenses approximate fair values because of the immediate nature or short-term maturities of these financial instruments. The carrying amount of long-term debts approximates fair value due to the stated interest rates approximating prevailing market rates. See Note 15 for a discussion of the fair value of the long-term derivative put option liability.

	Cash – The Company considers all highly-liquid investments purchased with an original maturity of three months or less to be cash equivalents.

	Cash balances in Balykshi and CRE, have been designated under our loan agreement with EBRD and may not be used for any purpose other than construction and operations of the marine base. At September 30, 2013 and 2012 the total cash balance of Balykshi and CRE was $101 and $93, respectively.

	Receivables – In the normal course of business the Company extends credit to its customers on a short-term basis. The Company’s principal customers are major oil and natural gas exploration, development and production companies. Credit risks associated with these customers are considered minimal. Dealings with smaller, local companies pose the greatest risks. For new geophysical services customers the Company typically requires an advance payment and the Company retains the seismic data generated from these services until payment is made in full. The Company routinely reviews accounts receivable balances and makes provisions for doubtful accounts as necessary. Accounts are reviewed on a case-by-case basis and losses are recognized in the period the Company determines it is likely that receivables will not be fully collected. The Company may also provide a general provision for accounts receivable based on existing economic conditions.

	Inventories – Inventory consists of fuel, spare parts and supplies related to geophysical and marine base operations. Inventories are stated at the lower of cost or market, cost being determined by an average cost method, which approximates the first-in, first-out method. Property held for sale represents items and materials, which are expected to be sold within the next fiscal year. As of September 30, 2013 and 2012 an allowance of $1,273 and $1,592, respectively, was recognized.

	Vessels, Equipment and Property – Vessels, equipment and property are stated at cost less accumulated depreciation. At the time property is disposed of or traded in, the assets and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is charged to operations. Major renewals and betterments that extend the life of the property and equipment are capitalized. Maintenance and repairs are expensed as incurred except for marine vessel drydocking expenditures, which are capitalized and amortized.

	Depreciation of property and equipment is calculated using the straight-line method and resulted in depreciation expense for the years ended September 30, 2013 and 2012 of $4,826 and $6,024, respectively.

	Drydocking Costs – Caspian’s vessels must be periodically drydocked and undergo certain inspections to maintain their operating classification, as mandated by certain maritime regulations. Costs incurred to drydock the vessels for certification are capitalized and amortized over the period until the next drydocking, which is generally 24 months. Drydocking costs comprise painting the vessels’ hulls and sides, recoating cargo and fuel tanks, and performing other engine and equipment maintenance activities to bring the vessels into compliance with classification standards.

Amortization of drydocking costs is calculated by using the straight-line method and resulted in amortization expense for the years ended September 30, 2013 and 2012 of $189 and $192, respectively. Accumulated amortization of the drydocking costs was $102 and $215 as of September 30, 2013 and 2012, respectively.

Impairment of Long-Lived Assets and Long-Lived Assets for Disposal – Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount that the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. At September 30, 2012 the Company reviewed its long-lived assets and determined the marine base was impaired. At September 30, 2013 the Company also impaired the vessels held for disposal. See Note 15 for details.

Revenue Recognition – Vessel revenues are usually derived from time charter contracts on a rate-per-day of service basis; therefore, vessel revenues are recognized on a daily basis throughout the contract period. These time charter contracts are generally on a term basis, ranging from three months to three years. The base rate of hire for a contract is generally a fixed rate; however, these contracts often include clauses to recover specific additional costs and mobilization and demobilization costs which are billed on a monthly basis.

Geophysical service revenue is recognized when services are rendered, accepted by the customer and collectability is reasonably assured. Direct costs are charged to each contract as incurred along with allocated indirect costs for the specific period of service. Losses on contracts are recognized during the period in which the loss first becomes probable and reasonably estimated. Due to the nature of some of the geophysical services provided, certain customers have prepaid their contract services. These prepayments have been deferred and are recognized as revenue as the services are provided. At September 30, 2013 and 2012 the Company had $10 and $6, respectively, of deferred revenue related to these prepaid services.

Marine base service revenue is recognized when services are rendered, accepted by the customer and collectability is reasonably assured.

Foreign Currency Transactions – Caspian Services, Inc., the parent company of the subsidiaries, makes its principal investing and financing transactions in United States Dollars (USD), which is also its functional currency. Transactions and balances denominated in other currencies have been translated into USD using historical exchange rates. Exchange gains and losses from holding foreign currencies and having liabilities payable in foreign currencies are included in the results of operations.

The Kazakh Tenge (KZT) is the functional currency of the operating subsidiaries. Their respective balance sheets have been translated into USD at the exchange rates prevailing at each balance sheet date. Their respective statements of comprehensive income (loss) have been translated into USD using the average exchange rates prevailing during the periods of each statement. The corresponding translation adjustments are part of accumulated other comprehensive income and are shown as part of shareholders’ equity

The translation of KZT denominated assets and liabilities into USD for the purpose of these consolidated financial statements does not necessarily mean the Company could realize or settle, in USD, the reported values of these assets and liabilities in USD. Likewise it does not mean the Company could return or distribute the reported USD value of its Kazakh subsidiaries’ capital to its shareholders.

Income Taxes – Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences in assets and liabilities and their respective tax basis and attributable to operating loss carry forwards. Differences generally result from the calculation of income under US GAAP and the calculation of taxable income calculated under Kazakhstan income tax regulations.

The current regime of penalties and interest related to reported and discovered violations of Kazakhstan’s laws, decrees and related regulations can be severe. Penalties include confiscation of the amounts in question for currency law violations, as well as fines of generally 100% of the unpaid taxes. Interest is assessable at rates of generally 0.06% per day. As a result, penalties and interest can result in amounts that are multiples of any unreported taxes. At September 30, 2013 and 2012 no interest or penalties have been accrued as a result of any tax positions taken. In the event interest or penalties are assessed, the Company will include these amounts related to unrecognized tax benefits in income tax expense.

A deferred tax liability is not recognized for the following types of temporary differences unless it becomes apparent that those temporary differences will reverse in the foreseeable future:

(a) An excess of the amount for financial reporting over the tax basis of an investment in a foreign subsidiary or a foreign corporate joint venture, that is essentially permanent in duration.

(b) Undistributed earnings of a domestic subsidiary or a domestic corporate joint venture that is essentially permanent in duration.

Comprehensive Loss – Total comprehensive loss consists of net loss and changes in accumulated other comprehensive loss. Accumulated other comprehensive loss is presented in the consolidated statements of comprehensive income (loss) and consists of foreign currency translation adjustments.

Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss attributable to Caspian Services by the weighted-average number of common shares outstanding. Diluted loss per common share is calculated by dividing net loss attributable to Caspian Services by the weighted-average number of common shares outstanding giving effect to potentially dilutive issuable common shares.

At September 30, 2013 the Company had 800,000 options outstanding, 147,939 non-vested restricted shares outstanding and 386,396,667 potential shares related to convertible debt that were not included in the computation of diluted loss per common share because they would be anti-dilutive.

At September 30, 2012 the Company had 800,000 options outstanding, 441,862 non-vested restricted shares outstanding and 364,953,650 potential shares related to convertible debt that were not included in the computation of diluted loss per common share because they would be anti-dilutive.

Stock-Based Compensation – The Company recognizes the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. Fair value of the award is calculated based on closing stock price at the grant date. Restricted stock compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award (the vesting period).

Concentration of Revenue – During fiscal 2013 75% of vessel revenue came from four clients: NC Production Operations Company B.V. – 34%, Saipem Kazakhstan Branch – 14%, Geoken - 14% and Bumi Armada Caspian LLC – 13%. During fiscal 2013 49% of marine base service revenue came from our related party MOBY.

NOTE_2_SALE_OF_A_VESSEL

NOTE 2 - SALE OF A VESSEL	12 Months Ended
NOTE 2 - SALE OF A VESSEL	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 2 - SALE OF A VESSEL	'
NOTE 2 - SALE OF A VESSEL	In October 2012 the Company sold one of its vessels, which resulted in a gain of approximately $1,070 in other non-operating income.

NOTE_3_KMG_DISCONTINUED_OPERAT

NOTE 3 - KMG DISCONTINUED OPERATIONS	12 Months Ended
NOTE 3 - KMG DISCONTINUED OPERATIONS	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
NOTE 3 - KMG DISCONTINUED OPERATIONS	'
	In August 2013 the Company decided to discontinue the operations of KMG as it had not generated significant income for the last several fiscal years and, due to a lack of business prospects, the Company did not expect it to begin generating income in the foreseeable future. The closing of KMG will help the Company eliminate the losses it has been incurring as a result of KMG’s unprofitable operations and allow the Company to concentrate on more profitable projects. The Company has agreed to sell the KMG shell company, (after closing down all operations and transferring the assets which may be used in the Company’s operations), to a non-related company for approximately $3.

	The $1,806 loss on disposal of KMG assets and liabilities and $765 of KMG operational losses are included in the loss from discontinued operations on the consolidated statements of comprehensive income (loss) for the fiscal 2013.

	Also, in connection with the discontinued operations a vessel, specific to the operations of KMG and valued at $900 was intended to be transferred to KMG to use in their operations. However, when the KMG operations were discontinued, we determined that the vessel was fully impaired as of September 30, 2013. As we do not expect to recover the cost of this vessel we expect to transfer it to KMG.

NOTE_4_INCREASE_OF_AUTHORIZED_

NOTE 4 - INCREASE OF AUTHORIZED COMMON STOCK	12 Months Ended
NOTE 4 - INCREASE OF AUTHORIZED COMMON STOCK	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 4 - INCREASE OF AUTHORIZED COMMON STOCK	'
NOTE 4 - INCREASE OF AUTHORIZED COMMON STOCK	On April 30, 2013 the Company held a special meeting in lieu of its 2013 annual meeting of shareholders to ask shareholders to approve an amendment to the Company’s Articles of Incorporation increasing the authorized common stock of the Company from 150,000,000 shares to 500,000,000 shares in connection with the Company’s efforts to restructure its obligations to Investor and EBRD. On May 10, 2013 the Company filed an amendment to its Articles of Incorporation to effect the increase of its authorized common stock to 500,000,000 shares.

NOTE_5_ATASH_MARINE_BASE

NOTE 5 - ATASH MARINE BASE	12 Months Ended
NOTE 5 - ATASH MARINE BASE	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 5 - ATASH MARINE BASE	'
	During fiscal 2012 the Company contracted with a contractor to complete dredging at the marine base, which was initially projected to cost around $3,000. However, the project was only partially completed at a cost of around $1,500 with further dredging work still required. Currently, Balykshi has insufficient funds to complete the dredging project. As the dredging has not been completed, Balykshi could be subject to certain penalties, including the cancelation of permits and termination of operational activities at the marine base until the dredging is completed. The failure by Balykshi or the Company to provide financing for, or to complete, the dredging works could also constitute a default under the EBRD financing agreements.

	In 2008 Balykshi entered into an agreement with the Investment Committee of the Republic of Kazakhstan and agreed to a schedule of work to be performed at the marine base. As of the date of this report, Balykshi has failed to complete approximately $4,000 of the agreed upon scheduled work, which could result in the cancellation of tax preferences granted to Balykshi by the Investment Committee.

	During fiscal 2013 and 2012 the Company determined it necessary to perform an impairment analysis on the marine base since the development of Kashagan field, phase 2 has been postponed until 2018-2019 and oil and gas exploration and development activities in the Caspian Sea region have been substantially reduced or delayed. As a result, the marine base is currently highly underutilized.

	As a result of the impairment analysis, the Company concluded that an impairment of $0 and $1,397 was necessary at September 30, 2013 and 2012, respectively. The Company performed this analysis by doing a discounted cash flow projection for the base over a 25 year period using a probability weighted average cash flows for different scenarios assuming base utilization starting at different periods.

NOTE_6_EQUITY_METHOD_INVESTMEN

NOTE 6 - EQUITY METHOD INVESTMENTS	12 Months Ended
NOTE 6 - EQUITY METHOD INVESTMENTS	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
NOTE 6 - EQUITY METHOD INVESTMENTS	'
NOTE 6 - EQUITY METHOD INVESTMENTS	MOBY – In January 2008 the Company and two unrelated companies formed a joint venture, Mangistau Oblast Boat Yard LLP (“MOBY”), to operate a boat repair and drydocking service yard located at the Company’s marine base. Balykhsi owns a 20% interest in the joint venture, which is accounted for by the equity method. The Company invested $732, which fully met its obligation for its share in this joint venture. Prior to September 30, 2013 the Company’s initial investment in MOBY of $732 had been reduced to zero due to MOBY’s accumulated losses of approximately $9,300.

NOTE_7_TRADE_AND_OTHER_ACCOUNT

NOTE 7 - TRADE AND OTHER ACCOUNTS RECEIVABLE	12 Months Ended
NOTE 7 - TRADE AND OTHER ACCOUNTS RECEIVABLE	Sep. 30, 2013
Receivables [Abstract]	'
NOTE 7 - TRADE AND OTHER ACCOUNTS RECEIVABLE	'

	Trade Accounts Receivable – Net receivables from vessel charter revenues were approximately $6,682 and $5,212 at September 30, 2013 and 2012, respectively. The Company has reviewed the accounts receivable as of September 30, 2013 on a case-by-case basis. The Company provided an allowance for doubtful accounts of $1,302 and $0 at September 30, 2013 and September 30, 2012, respectively, based on existing economic conditions and management’s assessment of the collectability of the receivables.

	Accounts receivable from geophysical services arise principally from contracts to gather seismic data for further geophysical processing and analysis. The receivables are due 30 days from date of invoice. At September 30, 2013 and 2012 net receivables related to geophysical services totaled $4,311 and $1,868, respectively. The Company has reviewed the accounts receivable as of September 30, 2013 on a case-by-case basis. The Company provided an allowance for doubtful accounts of $1,494 and $1,578 at September 30, 2013 and 2012, respectively, based on existing economic conditions and management’s assessment of the collectability of the receivables.

	At September 30, 2013 and 2012 receivables related to marine base operations totaled $82 and $42, respectively. The Company determined that no allowance for doubtful accounts for these receivables was necessary at September 30, 2013 and 2012.

	Other Receivables – The Company’s other receivables consisted primarily of the following: (1) loans and advances to non-executive employees which bear no interest and have terms ranging from less than one year to five years, and (2) refunds of inventory advances. These amounts are currently due and expected to be repaid in the near-term.

NOTE_8_VESSELS_EQUIPMENT_AND_P

NOTE 8 - VESSELS, EQUIPMENT AND PROPERTY	12 Months Ended
NOTE 8 - VESSELS, EQUIPMENT AND PROPERTY	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
NOTE 8 - VESSELS, EQUIPMENT AND PROPERTY	'
	Vessels, equipment and property consisted of the following:

	as of September 30,		2013		2012	Depreciable
	as of September 30,		2013		2012	Life in Years
	Land	$	9,250	$	9,482	N/A
	Buildings and construction		36,285		37,300	10-14
	Marine vessels		15,883		19,634	10
	Machinery and equipment		18,574		25,238	2-15
	Field camp		-		357	5-14
	Vehicles		2,846		3,461	3-12
	Office equipment		329		183	2-10
	Dwelling units		2,210		2,844	3-7
	Other		831		635	3-7
			86,208		99,134
	Accumulated depreciation		(35,467)		(40,206)
	Vessels, Equipment and Property, net	$	50,741	$	58,928

NOTE_9_INTANGIBLE_ASSETS_AND_G

NOTE 9 - INTANGIBLE ASSETS AND GOODWILL	12 Months Ended
NOTE 9 - INTANGIBLE ASSETS AND GOODWILL	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
NOTE 9 - INTANGIBLE ASSETS AND GOODWILL	'
	Intangible Assets – The following table summarizes the gross carrying amounts and the related accumulated amortization of intangible assets except goodwill as of September 30:

			2013			2012
		Estimated	Gross carrying	Accumulated		Gross carrying	Accumulated
		useful life	amount	amortization		amount	amortization

	Acquired software	7 years	$ 368	$ 339		$ 400	$ 300
	Total		$ 368	$ 339		$ 400	$ 300

	Total amortization expense related to intangible assets was approximately $40 and $61 for the years ended September 30, 2013 and 2012, respectively. The estimated amortization expense for acquired software is as follows for the periods indicated:

		Years Ending September 30,
		2014	2015	2016	thereafter
	Amortization expense	$ 29	$ -	$ -	$ -

	Goodwill – In accordance with US GAAP the Company does not amortize goodwill. These principles require the Company to periodically perform tests for goodwill impairment, at least annually, or sooner if evidence of possible impairment arises. At September 30, 2013 and 2012 all goodwill was a result of the TatArka Acquisition in May 2004.

	The changes in the carrying amount of goodwill were as follows:

		For The Year Ended
		September 30,
		2013	2012
	Balance - beginning of year	$ 229	$ 232
	Impairment of KMG goodwill	-	-
	Foreign currency translation adjustment	(5)	(3)
	Balance - end of year	$ 224	$ 229

NOTE_10_NOTES_PAYABLE

NOTE 10 - NOTES PAYABLE	12 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 10 - NOTES PAYABLE	'
		September 30,	September 30,
		2013	2012

	Secured non-negotiable promissory note payable to Investor; interest at 0.26% due September 30, 2014	$ 10,856	$ 10,828

	Secured convertible consolidated promissory note payable to Investor; interest at 12% (default interest at 13%) due September 30, 2014	29,593	27,467

	EBRD loan and accrued interest at 7% due May 2015 (default interest at 9%); secured by property and bank accounts	23,387	21,319

	Total Long-term Debt	63,836	59,614
	Less: Current Portion	(63,836)	(59,614)
	Long-term Debt - Net of Current Portion	$ -	$ -

	Notes payable consist of the following:

	EBRD Loan

	EBRD’s financing agreements contain certain financial and other covenants, the violation of which could be deemed a default under those agreements. Pursuant to the terms of the financing agreements, following delivery of written notice to Balykshi or the Company of an event of default and the expiration of any applicable grace period, EBRD may declare all or any portion of its loan together with all accrued interest immediately due and payable or payable on demand. The EBRD financing agreements also provide that in the event any indebtedness of the Company in excess of $1,000 is declared or otherwise becomes due and payable prior to its specified maturity date, such may be deemed an event of default which would allow EBRD to declare its loan immediately due and payable or payable on demand. As the EBRD loan is secured, in the event Balykshi or the Company are unable to repay the loan, EBRD could have the right to foreclose on the assets and bank accounts of Balykshi and CRE, including the marine base.

	Under the terms of the EBRD Loan Agreement, as amended, Balykshi is required to repay the loan principal and accrued interest in eight equal semi-annual installments commencing November 20, 2011 and then occurring each May 20 and November 20 thereafter until fully repaid. The first four semi-annual repayment installments, due November 2011, May 2012, November 2012 and May 2013 were not made. The failure to pay the principal of, or interest on, the EBRD Loan when due constitutes an event of default under the EBRD Loan Agreement. The EBRD Loan Agreement provides that if the Borrower fails to pay when due any amount payable by it under the Loan Agreement, the overdue amount shall bear interest at a rate that is 2% higher than the non-default rate of interest.

	As discussed below, the Company is engaged in ongoing discussions with EBRD about a potential restructuring of the terms of the EBRD financing agreements. There is no guarantee the Company will be successful in restructuring the EBRD financing agreements.

	Loan from Investor

	In 2008 the Company entered into Facility agreements with Altima Central Asia (Master) Fund Ltd. (“Altima”) and Great Circle Energy Services LLC (“Great Circle”). Pursuant to the Facility agreements, each party made an unsecured loan to the Company in the amount of $15,000. The Altima loan matured and became due and payable in June 2011 while the Great Circle loan matured and became due and payable in December 2011. The Altima and Great Circle loans (“Loans”) bore interest at 13% per annum. At June 30, 2011 these loans and accrued interest totaled $42,264. During June and July 2011 an Investor acquired these Loans and on September 30, 2011 the Company and the Investor agreed to restructure the Loans. Prior to the restructuring, the Company made payments to the Investor reducing the total debt balance to $37,246. Within 30 days of closing, the Company agreed to make a $2,000 cash payment to the Investor which was credited as a reduction of principal due. This payment was made during fiscal 2012. In satisfaction of the remaining outstanding balance of the restructured loan obligations, the Company issued the Investor the Non-Negotiable Note in the principal amount of $10,800 and the Consolidated Note in the principal amount of $24,446. The Company has agreed to collateralize the Investor’s Notes with non-marine base related assets.

	Non-Negotiable Promissory Note

	Pursuant to the terms of the Non-Negotiable Note, the Investor may, at any time, demand and receive payment of the Non-Negotiable Note by the issuance of common stock of the Company. The price per share for principal and interest shall be $.12 per share. The Investor has the right, at any time, to demand the issuance of shares in satisfaction of the Non-Negotiable Note. The Company has the right to pay the principal and interest under the Non-Negotiable Note by the issuance of Company common stock on the earlier of: (i) the date on which the Company and the Investor complete renegotiation of the terms of the financing between the Company and EBRD; or (ii) the date when the Company and the Investor terminate restructuring negotiations with EBRD. If the issuance of common stock has not been demanded by the Investor or made at the election of the Company by September 30, 2014 (the Maturity Date) the Company must repay the principal and interest in cash.

	The Company is required to pay interest on the principal amount of the Non-Negotiable Note in common stock at the time of payment of the principal. Interest accrues at a rate per annum equal to 0.26%, until the Maturity Date.

	The Company will issue the Investor 90 million shares of restricted common stock to settle the principal amount of the Non-Negotiable Note, excluding shares that will be issued to the Investor in satisfaction of accrued interest.

	The Non-Negotiable Note was issued in connection with the Loan Restructuring Agreement. As the Loan Restructuring Agreement has not yet closed, the Non-Negotiable Note has been treated as a current liability in the accompanying financial statements.

	Convertible Consolidated Promissory Note

	Interest accrues on the Consolidated Note at 12% per annum and is required to be paid semi-annually in arrears on each six month anniversary of the Issuance Date (September 30, 2011). The Consolidated Note provides for a default rate of interest of 13% per annum upon the occurrence and during the continuation of an event of default, as defined in the Consolidate Note, which shall be payable in cash upon demand.

	The unpaid principal amount of the Consolidated Note, and any accrued but unpaid interest thereon, shall be due and payable on September 30, 2014 (the Maturity Date). The Company may elect to prepay principal in increments of $1,000 at the time of any scheduled interest payment, except in the case of full repayment of principal and interest which may be made at any time.

	As of the date of this report, none of the semi-annual interest payments have been made on the date they were due. During fiscal 2013 the Company paid $1,600 to the investor, which was credited as a reduction of interest due under the Consolidated Note. The failure to pay the interest on the Consolidated Note is an event of default under the Consolidated Note. In the event of a default that remains uncured, the Investor may, at any time, demand immediate repayment of the Consolidated Note. As a result, the Company has included the Consolidated Note and all accrued interest as current liabilities at September 30, 2013 and September 30, 2012.

	The Consolidated Note is superior in rank to all future unsecured indebtedness of the Company and its subsidiaries, except for the EBRD Indebtedness.

	With the increase in the Company’s authorized common stock in May 2013, (please refer to Note 4 for more details), the Investor now has the right at any time following a five day written notice to convert all or any portion of the principal and any accrued but unpaid interest into common stock at $.10 per share.

	Registration Rights Agreement

	In connection with restructuring the facility agreements, the Company and the Investor agreed to enter into a Registration Rights Agreement granting the Investor the right to require the Company to register all or any part of the shares held by the Investor, including but not limited to, any shares issued in satisfaction of the Notes. As of the date of this report, no agreement has been finalized.

	Term Sheet

	During the fiscal 2013 the Company, EBRD and the Investor agreed in principle to a non-binding term sheet (the “Term Sheet”) regarding a potential restructuring of the Company’s financial obligations to EBRD and the Investor. The Term Sheet does not constitute a legally binding agreement of any of the parties thereto. The parties have worked throughout the current fiscal year to negotiate definitive agreements to implement a potential restructuring. Subsequent to our fiscal year end, negotiations to restructure the Company’s financial obligations stalled and have been discontinued.

	As part of the Term Sheet restructuring negotiations, the Company and EBRD discussed restructuring the MOBY Loan. While negotiations pursuant to the Term Sheet have been discontinued, the Company and EBRD continue to engage in negotiations to restructure the Company’s obligations to EBRD including the MOBY Loan. On July 29, 2013 the Company entered into an agreement to acquire the 30% interest of the "National Maritime Shipping Company "Kazmortransflot" Joint-Stock Company (“KMTF”) in MOBY for approximately $4. Closing of this agreement is subject to various closing conditions.

NOTE_11_STOCKHOLDERS_EQUITY

NOTE 11 - STOCKHOLDERS' EQUITY	12 Months Ended
NOTE 11 - STOCKHOLDERS' EQUITY	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 11 - STOCKHOLDERS' EQUITY	'
	Stock-based Compensation Plan – Compensation expense charged against income for stock-based awards during the fiscal years ended September 30, 2013 and 2012 was $28 and $75, respectively, and is included in general and administrative expense in the accompanying financial statements.

	A summary of the non-vested stock under the Compensation Plan at September 30, 2013 follows:

		Non-Vested	Weighted Average Grant
		Shares	Date Fair Value Per Share

	Non-vested at September 30, 2012	441,862	$0.21
	Stock granted	-	-
	Stock vested	(293,923)	0.23
	Non-vested at September 30, 2013	147,939	$0.11

	A summary of the non-vested stock under the Compensation Plan at September 30, 2012 follows:

		Non-Vested	Weighted Average Grant
		Shares	Date Fair Value Per Share

	Non-vested at September 30, 2011	331,968	$0.34
	Stock granted	443,817	0.11
	Stock vested	(333,923)	0.29
	Non-vested at September 30, 2012	441,862	$0.21

	The value of the non-vested stock under the Compensation Plan at September 30, 2013 was $6. As of September 30, 2013 unrecognized stock-based compensation was $5 and will be recognized over the weighted average remaining term of 0.84 years.

	The employment agreement of Alexey Kotov, our Chief Executive Officer, provides for an annual restricted stock grant equal to 0.85% of the Company’s total shares issued and outstanding on the anniversary date of his employment agreement (August 2). He is entitled to this annual grant for the duration of the term of his employment agreement. The grants vest equally over a period of three years, except upon the occurrence of certain events set forth in his employment agreement, such as a change of control, which would result in immediate vesting. Pursuant to the terms of his employment agreement, Mr. Kotov became entitled to receive a restricted stock grant in the amount of 447,589 shares on August 2, 2012 and a grant of 451,394 shares as of August 2, 2103. These grants have not been awarded. During the fourth fiscal quarter Mr. Kotov agreed to release the Company from its obligations to issue the outstanding grants for 2012 and 2013.

	Stock Options – At September 30, 2013 the Company had 800,000 options outstanding that were fully vested. These options expire in August 2015.

	Stock option activity for the years ended September 30, 2013 and 2012 is as follows:

		2013		2012
			Weighted-Average		Weighted-Average
		Options	Exercise Price Per Share	Options	Exercise Price Per Share
	Outstanding at beginning of the year	800,000	$ 3.00	800,000	$ 3.00
	Granted	-	-	-	-
	Forfeited	-	-	-	-
	Expired	-	-	-	-
	Outstanding at end of the year	800,000	$ 3.00	800,000	$ 3.00
	Exercisable at end of the year	800,000	$ 3.00	800,000	$ 3.00

	The weighted-average remaining contractual life of the 800,000 stock options outstanding and exercisable at September 30, 2013 was 2 years.

	At September 30, 2013 there was no intrinsic value for the options outstanding based on the Company’s share price being less than $3 per share.

NOTE_12_INCOME_TAXES

NOTE 12 - INCOME TAXES	12 Months Ended
NOTE 12 - INCOME TAXES	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
NOTE 12 - INCOME TAXES	'
	Kazakh tax legislation and practice is in a state of continuous development and therefore is subject to varying interpretations and frequent changes, which may be retroactive. Further, the interpretation of tax legislation by tax authorities as applied to the transactions and activities of the Company may not coincide with that of management. As a result, tax authorities may challenge transactions and the Company may be assessed additional taxes, penalties and interest. Tax periods remain open to review by the tax authorities for five years.

	The principle of group consolidation for tax purposes does not exist in Kazakhstan. This means that the Company pays tax on all profits realized by its subsidiaries, but cannot offset the losses of other subsidiaries. These losses can only be carried forward in the same company. Tax deductions in the United States consist principally of general and administrative expenses and interest expense.

	Management believes it has paid or accrued for all taxes that are applicable. Where practice concerning the provision of taxes is unclear, management has accrued tax liabilities based on its best estimate.

	Earnings and (losses) before income taxes, discontinued operations and noncontrolling interest derived from United States and international operations are as follows:

		For the Years Ended
		September 30,
		2013	2012
	United States	$ (2,460)	$ (1,509)
	Kazakhstan	(7,325)	(12,772)
		$ (9,785)	$ (14,281)

	Income (provision) benefit consists of the following:

		For the Years Ended
		September 30,
		2013	2012
	Current U.S. income tax	$ -	$ -
	Current Foreign Income Tax	-	478
	Deferred U.S. income tax	1,480	513
	Deferred Foreign Income Tax	1,180	1,881
	Provision for Valuation Allowance	(2,132)	(2,132)
	Income tax benefit	$ 528	$ 740

	Deferred tax assets and liabilities are as follows:

					As of September 30,
		US		Foreign	2013	2012
	Current deferred tax assets/(liabilities)
	Provision for doubtful debts	$ -		$ 702	$ 702	$ 1,438
	Inventory Allowance	-		255	255	-
	Vacation Accrual	-		54	54	-
	Tax loss carry forwards	-		-	-	11,593
	Valuation Allowance	-		(776)	(776)	(11,135)
	Total current deferred tax asset	$ -		$ 235	$ 235	$ 1,896

	Long-term deferred tax assets/(liabilities)
	Net Operating Loss carry forwards	$ 6,274		$ 8,244	$ 14,518	$ -
	Capital Loss Carryforwards	779		-	779	-
	Property and equipment	-		(285)	(285)	(292)
	Valuation allowance	(7,053)		(6,110)	(13,163)	-
	Total net long-term deferred tax asset/(liability)	-		1,849	1,849	(292)
	Net deferred tax asset	$ -		$ 2,084	$ 2,084	$ 1,604

	The following is a reconciliation of the amount of tax that would result from applying the U.S. federal rate to pretax income with the provision for (benefit from) income taxes:

		For the Years Ended
		September 30,
		2013		2012
	Tax at federal statutory rate (37.3%)	$ 3,652		$ 4,960
	Non-deductible expenses	(390)		157
	Loss not subject to taxation	(41)		(230)
	Loss on discontinued operations	-		(99)
	Effect of lower foreign tax rates	(1,053)		(2,299)
	Intercompany adjustments	(57)		-
	Valuation Allowance	(1,579)		(2,033)
	Other	(4)		284
	Income tax benefit	$ 528		$ 740

	As of September 30, 2013 the Company has loss carry forwards of approximately $18,909 and $45,840 in the United States and Kazakhstan, respectively. Tax loss carry forwards available in the United States consists of $16,821 of federal tax loss and $2,088 of federal capital loss carry forwards. Tax loss carry forwards available in the United States and Kazakhstan begin to expire in 2023.

The Company accounts for uncertain tax positions in accordance with US GAAP. The Company has analyzed filing positions in all of the federal, state and international jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The periods subject to examination for the Company’s federal, state and international returns are the fiscal 2010 through 2013 tax years.

NOTE_13_COMMITMENTS_AND_CONTIN

NOTE 13 - COMMITMENTS AND CONTINGENCIES	12 Months Ended
NOTE 13 - COMMITMENTS AND CONTINGENCIES	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 13 - COMMITMENTS AND CONTINGENCIES	'
	Economic Environment – In recent years, Kazakhstan has undergone substantial political and economic change. As an emerging market, Kazakhstan does not possess a well-developed business infrastructure, which generally exists in more mature free market economies. As a result, operations carried out in Kazakhstan can involve significant risks, which are not typically associated with those in developed markets. Instability in the market reform process could subject the Company to unpredictable changes in the basic business infrastructure in which it currently operates. Uncertainties regarding the political, legal, tax or regulatory environment, including the potential for adverse changes in any of these factors could affect the Company’s ability to operate commercially. Management is unable to estimate what changes may occur or the resulting effect of such changes on the Company’s financial condition or future results of operations.

	Legislation and regulations regarding taxation, foreign currency translation, and licensing of foreign currency loans in the Republic of Kazakhstan continue to evolve as the central government manages the transformation from a command to a market-oriented economy. Such legislation and regulations are not always clearly written and their interpretation is subject to the opinions of the local tax inspectors. Instances of inconsistent opinions between local, regional and national tax authorities are not unusual.

	Purchase Commitments – During fiscal 2013 TatArka retained an unrelated third-party to source and procure geophysical equipment to expand and add one new field crew. The total cost of the equipment required for the new crew is approximately $5,060. $1,860 was paid as of September 30, 2013, $1,400 was paid subsequent to fiscal 2013 and the residual balance of $1,800 is due during the fiscal 2014.

	Operating Leases – The Company leases equipment and vehicles. Rent expense for the years ended September 30, 2013 and 2012 was $197 and $91, respectively.

	The Company maintains executive offices in Salt Lake City, Utah, and Almaty, Kazakhstan and administrative offices in Aktau, Kazakhstan. The Company also leases apartments in Aktau for use by employees. Rent expense for the years ended September 30, 2013 and 2012 was $254 and $275, respectively.

	The future minimum rental payments required under these operating leases for 2014 are $456 and for 2015 $408.

	Some of the vessels in the Company’s fleet are leased from a third party. Rent expense for the years ended September 30, 2013 and 2012 was $1,587 and $2,557, respectively. The future minimum rental payments required under these operating leases are estimated to be $1,532 in 2014 and $281 in 2015. The current vessel lease agreements expire in fiscal 2015.

	Guarantee of Debt - The Company has agreed to guarantee payment to EBRD, on demand, all monies and liabilities which have been advanced or which shall become due, owing or incurred by MOBY to or in favor of EBRD when such shall become due. The Company’s guarantee obligation is limited, however, to the “Caspian Pro-rata Percentage.” The Caspian Pro-rata Percentage is an amount equal to the Company’s percentage ownership of Balykshi multiplied by Balykshi’s percentage ownership of MOBY, expressed as a percentage. Currently, the Company owns a 78% interest in Balykshi and Balykshi owns a 20% interest in MOBY. Therefore, the Caspian Pro-rata Percentage is currently 15.6%, which, including interest, at September 30, 2013 reflected a total maximum potential obligation of $893. There is currently no recorded liability for potential losses under this guarantee, nor is there any liability for the Company’s obligation to fund such guarantee.

NOTE_14_RELATED_PARTY_TRANSACT

NOTE 14 - RELATED PARTY TRANSACTIONS	12 Months Ended
NOTE 14 - RELATED PARTY TRANSACTIONS	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 14 - RELATED PARTY TRANSACTIONS	'
	MOBY – During October 2008 the Company entered into a lease agreement with MOBY for the lease of three hectares of space at the marine base to operate a vessel repair and drydock facility. Balykshi owns a 20% joint venture interest in MOBY. The lease agreement is for 20 years and calls for a fixed rent payment of $290 per year. In November 2009, according to the agreement term, MOBY made a partial advance payment of $3,347, which is being recognized over the 20 year lease term starting from May 2010. This prepayment has been recorded as long-term deferred revenue from related parties on the balance sheet.

	The lease revenue recognized from MOBY for the fiscal years ended September 30, 2013 and 2012 was $566 and $544, respectively.

	Gis Caspy – During fiscal 2013 the Company entered into a service agreement with Gis Caspy (a company related through a significant Company shareholder). Gis Caspy helped the Company sell two apartments in Aktau for a commission fee of $198.

	Accounts receivable from related parties as of September 30, 2013 and 2012 consisted of the following:

	Related Party's Name	Description	30-Sep-13	30-Sep-12

	Bolz LLP	Seismic services	$ 3,174	$ 3,254
	MOBY	Marine base	1,330	987
	Others	Other costs	450	8
		Allowance for doubtful accounts	(3,499)	(3,254)
	TOTAL		$ 1,455	$ 995

	Long-term deferred revenue from related parties as of September 30, 2013 and 2012 consisted of the following:

	Related Party's Name	Description	September 30, 2013	30-Sep-12

	MOBY	Advance received for land rental	$ 2,619	$ 2,866
	TOTAL		$ 2,619	$ 2,866

NOTE_15_FAIR_VALUE_MEASUREMENT

NOTE 15 - FAIR VALUE MEASUREMENTS	12 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 15 - FAIR VALUE MEASUREMENTS	'
	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. To measure fair value, a hierarchy has been established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows:

	Level 1 – Quoted prices in active markets for identical assets or liabilities.

	Level 2 – Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data.

	Level 3 – Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

	The Company uses fair value to measure certain assets and liabilities on a recurring basis when fair value is the primary measure for accounting. This is done primarily for the put option liability. Fair value is used on a nonrecurring basis to measure certain assets when applying lower of cost or market accounting or when adjusting carrying values. Fair value is also used when evaluating impairment on certain assets, including goodwill, intangibles, and long-lived assets.

	Recurring basis:

	At September 30, 2013 the Company had one liability measured at fair value on a recurring basis. The put option liability is a Level 3 measurement, which is fair valued at the put option price plus accrued interest at a rate of 20% annually.

	The fair value of the put option liability was $19,649 at September 30, 2013. As of September 30, 2012 the amount was valued at $17,822 which is the amount the Company would have had to pay if EBRD had exercised the accelerated put option. The $1,827 change during the year ended September 30, 2013 was for the 20% rate of return and it was charged to interest expense.

	There were no changes in the valuation techniques during the current year.

	Nonrecurring basis:

			Fair Value Measurements at Reporting Date Using
	Description	30-Sep-13	Level 1	Level 2	Level 3
	Property held for sale	$ 203	$ -	$ -	$ 203

	The value of the Property held for sale was derived based on estimated sales price of the property. The estimation of sales price is made based on the market prices of similar vessels.

	For Level 3 assets, the Company’s finance department, which reports to the chief financial officer, determines the fair value measurement valuation policies and procedures. At least annually, the finance department determines if the current valuation techniques used in the fair value measurements are still appropriate and evaluates and adjusts the unobservable inputs used in the fair value measurements based on current market conditions and third-party information.

	Additionally, the Company recognized an impairment of $1,062 during fiscal 2013 to adjust two vessels to their fair value of $150. $162 was impairment of a vessel included in property held for sale and $900 is related to a vessel that is no longer in use. Please, refer to Note 3 for details.

			Fair Value Measurements at Reporting Date Using
	Description	30-Sep-12	Level 1	Level 2	Level 3
	Property held for sale	$ 854	$ -	$ -	$ 854

NOTE_16_SEGMENT_INFORMATION

NOTE 16 - SEGMENT INFORMATION	12 Months Ended
NOTE 16 - SEGMENT INFORMATION	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 16 - SEGMENT INFORMATION	'
	US GAAP establish disclosures related to components of a company for which separate financial information is available and evaluated regularly by a company’s chief operating decision makers in deciding how to allocate resources and in assessing performance. They also require segment disclosures about products and services as well as geographic area.

	The Company has operations in three segments of its business, namely: Vessel Operations, Geophysical Services and Marine Base Services. All of these operations are located in the Republic of Kazakhstan. Corporate administration is located in the United States of America and the Republic of Kazakhstan.

	Further information regarding the operations and assets of these reportable business segments follows:

		For the Years
		Ended September 30,
		2013		2012
	Capital Expenditures
	Vessel Operations	$ 1,430		$ 272
	Geophysical Services	2,570		1,427
	Marine Base Services	57		85
	Total segments	4,057		1,784
	Corporate assets	-		5
	Less intersegment investments	(676)		-
	Total consolidated	$ 3,381		$ 1,789

		For the Years
		Ended September 30,
		2013		2012
	Revenues
	Vessel Operations	$ 20,101		$ 17,688
	Geophysical Services	13,644		6,164
	Marine Base Services	9,062		1,173
	Total segments	42,807		25,025
	Corporate revenue	-		-
	Less intersegment revenues	(9,719)		(277)
	Total consolidated	$ 33,088		$ 24,748

	Depreciation and Amortization
	Vessel Operations	$ (2,178)		$ (3,060)
	Geophysical Services	(1,378)		(1,660)
	Marine Base Services	(1,458)		(1,495)
	Total segments	(5,014)		(6,215)
	Corporate depreciation and amortization	(1)		(1)
	Total consolidated	$ (5,015)		$ (6,216)

	Interest expense
	Vessel Operations	$ -		$ -
	Geophysical Services	-		-
	Marine Base Services	(5,823)		(5,035)
	Total segments	(5,823)		(5,035)
	Corporate interest expense	(2,162)		(1,671)
	Total consolidated	$ (7,985)		$ (6,706)

	Income/(Loss) Before Income Tax
	Vessel Operations	$ (3,102)		$ (1,077)
	Geophysical Services	1,882		(2,342)
	Marine Base Services	(5,337)		(8,065)
	Total segments	(6,557)		(11,484)
	Corporate loss	(3,228)		(2,797)
	Total consolidated	$ (9,785)		$ (14,281)

		For the Years
		Ended September 30,
		2013		2012
	Benefit from (Provision for) Income Tax
	Vessel Operations	$ 1,080		$ 501
	Geophysical Services	(552)		240
	Marine Base Services	-		-
	Total segments	528		741
	Corporate provision for income tax	-		(1)
Total consolidated	$ 528		$ 740

Loss from discontinued operations
Vessel Operations	$ -		$ -
Geophysical Services	(1,063)		(2,411)
Marine Base Services	-		-
Total segments	(1,063)		(2,411)
Corporate	(1,508)		-
Total consolidated	$ (2,571)		$ (2,411)

Loss/(Income) attributable to Noncontrolling Interests
Vessel Operations	$ -		$ -
Geophysical Services	-		(172)
Marine Base Services	284		2,087
Total segments	284		1,915
Corporate noncontrolling interest	-		-
Total consolidated	$ 284		$ 1,915

Net (Loss)/Income attributable to Caspian Services Inc.
Vessel Operations	$ (2,022)		$ (576)
Geophysical Services	267		(4,685)
Marine Base Services	(5,053)		(5,978)
Total segments	(6,808)		(11,239)
Corporate loss	(4,736)		(2,798)
Total consolidated	$ (11,544)		$ (14,037)

	September 30,		September 30,
Segment Assets	2013		2012
Vessel Operations	$ 24,031		$ 24,741
Geophysical Services	18,005		20,100
Marine Base Services	78,186		81,198
Total segments	120,222		126,039
Corporate assets	6,946		6,842
Less intersegment assets	(46,625)		(45,405)
Total consolidated	$ 80,543		$ 87,476

NOTE_17_SUBSEQUENT_EVENTS

NOTE 17 - SUBSEQUENT EVENTS	12 Months Ended
NOTE 17 - SUBSEQUENT EVENTS	Sep. 30, 2013
Notes to Financial Statements	'
NOTE 17 - SUBSEQUENT EVENTS	'
	In November 2013 we paid $200 to the Investor, which was credited to reduce loan interest due to him.

	In November we received overdue receivable from related party (Bolz LLP) amounted $1,950 and paid a bonus of $975 to Mr. Vasilenko, General Manager of Geophysical Services, in recognition of his efforts to receive this overdue balance from Bolz LLP.

NOTE_1_THE_COMPANY_AND_BASIS_O1

NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2013
Note 1 - Company And Basis Of Presentation And Accounting Policies Policies	'
Principles of Consolidation	'
Principles of Consolidation	The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and include operations and balances of Caspian Services, Inc. and its wholly-owned subsidiaries: Caspian Services Group Limited (“CSGL”), Caspian Services Group LLP (“Caspian LLP”), Caspian Services Group B.V. (“Caspian B.V.”), Caspian Services LLC (“Caspian LLC”), Caspian Geophysics, Ltd (“CGEO”), TatArka LLP (“TatArka”) and Caspian Real Estate, Ltd (“CRE”); and include majority owned subsidiaries: Balykshi LLP (“Balykshi”) and Kazmorgeophysica CJSC (“KMG”, which was discontinued in August 2013), collectively “Caspian” or the “Company.” Balykshi owns a 20% interest in a joint venture, Mangistau Oblast Boat Yard LLP (“MOBY”). Ownership of 20% to 50% noncontrolling interests are accounted for by the equity method. Ownership of less than a 20% interest is accounted for at cost. Intercompany balances and transactions have been eliminated in consolidation.
Business Condition	'
	The Company funded a portion of the construction of its marine base through a combination of debt and equity financing pursuant to which the European Bank for Reconstruction and Development (“EBRD”) provided $18,600 of debt financing and made an equity investment in the marine base in the amount of $10,000 in exchange for a 22% equity interest in Balykshi.

	In connection with EBRD’s 22% equity interest in Balykshi, the Company entered into a Put Option Agreement granting EBRD the right to require the Company to repurchase the 22% equity interest based on Balykshi’s fair market value. The put option is exercisable between June 2013 and June 2017. This agreement also contains an acceleration feature that, should a triggering event occur, grants EBRD the right to require the Company to repurchase the $10,000 equity investment at a 20% annual rate of return at any time following the triggering event.

	In accordance with US GAAP the put option is an unconditional obligation and is measured at its fair value based on an estimate of the amount of cash that would be required to settle the liability. At the time of investment, the $10,000 of proceeds from the equity financing was allocated to the put option which was classified as a long-term liability.

	Under the terms of the EBRD Loan Agreement, as amended, Balykshi is required to repay the loan principal and accrued interest in eight equal semi-annual installments commencing November 20, 2011 and then occurring each May 20 and November 20 thereafter until fully repaid. As of the date of this report, none of the required semi-annual repayment installments have been made. The failure to pay the principal or interest on the EBRD loan when due may constitute an event of default under the EBRD Loan Agreement. The EBRD financing agreements have acceleration right features that, in the event of default, allow EBRD to declare the loans and accrued interest immediately due and payable. As a result, the Company has included the EBRD loan and all accrued interest as current liabilities at September 30, 2013 and 2012. Additionally, an event of default may trigger the acceleration clause in the Put Option Agreement with EBRD which would allow EBRD to put its $10,000 investment in Balykshi back to the Company. If EBRD were to accelerate its put right, the Company could be obligated to repay the initial investment plus a 20% annual rate of return. The balance of the accelerated put option liability was $19,649 and $17,822 as of September 30, 2013 and 2012, respectively. This balance includes the 20% rate of return on the $10,000 investment and is classified as a current liability. EBRD also previously notified the Company that it believes the Company and Balykshi are in violation of certain other covenants of the EBRD financing agreements. As of the date of this report on Form 10-K, to the Company’s knowledge, EBRD has not sought to accelerate repayment of the loan or the put option.

	To help the Company meet its additional funding obligations to construct the marine base, in 2008 the Company entered into two facility agreements pursuant to which the Company received debt funding of $30,000. In June and July 2011, Mr. Bakhytbek Baiseitov (the “Investor”) acquired the two facility agreements. In September 2011 the Company issued the Investor two secured promissory notes, a Secured Non-Negotiable Promissory Note in the principal amount of $10,800 (“Non-Negotiable Note”) and a Secured Convertible Consolidated Promissory Note in the principal amount of $24,446 (“Consolidated Note”) in connection with restructuring the facility agreements.

	Pursuant to the terms of the Non-Negotiable Note, the Investor may, at any time, demand and receive payment of the Note by the issuance of common stock of the Company. The price per share for principal and interest shall be $.12 per share. The Investor has the right, at any time, to demand the issuance of shares in satisfaction of the Non-Negotiable Note. If the issuance of common stock has not been demanded by the Investor or made at the election of the Company by the September 30, 2014 maturity date, the Company must repay the principal and interest in cash.

	Pursuant to the terms of the Consolidated Note, interest accrues at 12% per annum and shall be paid semi-annually in arrears on each six month anniversary of the Issuance Date (September 30, 2011). The Consolidated Note provides for a default rate of interest of 13% per annum upon the occurrence and during the continuation of an event of default, which shall be payable in cash upon demand. The unpaid principal amount of the Consolidated Note, and any accrued but unpaid interest thereon, shall be due and payable on September 30, 2014.

	With the increase in the Company’s authorized common stock as discussed in Note 4, the Investor now has the right at any time following a five day written notice to convert all or any portion of the principal and any accrued but unpaid interest into common stock at $.10 per share.

	As of the date of this report, none of the semi-annual interest payments have been made when due. As of September 30, 2013 the Company had cumulatively paid $1,600 to the Investor, which was credited as a reduction of interest due. Subsequent to fiscal 2013 the Company paid an additional $200 to the Investor, which was credited as a reduction of interest due.

	The failure to pay interest on the Consolidated Note when due is an event of default under the Consolidated Note. In the event of a default that remains uncured, the Investor may, at any time, demand immediate repayment of the Consolidated Note. As a result, the Company has included the Consolidated Note and all accrued but unpaid interest as current liabilities at September 30, 2013 and 2012. As of the date of this report on Form 10-K, to the Company’s knowledge, the Investor has not demanded immediate repayment of the Consolidated Note.

	During December 2012 the Company, EBRD and the Investor outlined the terms of a potential restructuring of the Company’s financial obligations to EBRD and the Investor in a non-binding term sheet (“Term Sheet”). Throughout the fiscal year the parties have worked to negotiate definitive agreements pursuant to the terms set out in the Term Sheet. Subsequent to the fiscal year end, negotiations between EBRD, the Investor and the Company to restructure the Company’s financial obligations pursuant to the terms of the Term Sheet stalled and have been discontinued. However, the Company has engaged in new discussions with EBRD regarding a possible restructuring of its financial obligations to EBRD.

	Should EBRD or the Investor determine to accelerate the Company’s repayment obligations to them, the Company currently has insufficient funds to repay its obligations to EBRD or the Investor, individually or collectively, and would be forced to seek other sources of funds to satisfy these obligations. Given the Company’s current and near-term anticipated operating results, the difficult credit and equity markets and the Company’s current financial condition, the Company believes it would be very difficult to obtain new funding to satisfy these obligations. If the Company is unable to obtain funding to meet these obligations EBRD or the Investor could seek any legal remedies available to them to obtain repayment, including forcing the Company into bankruptcy, or in the case of the EBRD loan, which is collateralized by the assets, including the marine base, and bank accounts of Balykshi and CRE, foreclosure by EBRD on such assets and bank accounts. The Company has also agreed to collateralize the Investor’s Notes with non-marine base related assets. The ability of the Company to continue as a going concern is dependent upon, among other things, its ability to (i) successfully restructure its financial obligations to EBRD and the Investor on terms that will allow the Company to service the restructured obligations, (ii) generate sufficient revenue from operations to satisfy its financial obligations, and/or (iii) identify a financing source that will provide the Company the ability to satisfy its financial obligations. Uncertainty as to the outcome of these factors raises substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Nature of Operations	'
	The Company’s business consists of three major business segments:

	Vessel Operations – Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea.

	Geophysical Services – Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan.

	Marine Base Services – Marine Base Services consists of operating a marine base located at the Port of Bautino on the North Caspian Sea.
Discontinued Operations	'
Discontinued Operations	In August 2013 the Company discontinued operations in KMG. Upon determining to discontinue KMG, all prior periods presented have been restated to separately account for the discontinued operations.
Recent Accounting Pronouncements	'
	In July 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force). The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	In March 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-05, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign (a consensus of the FASB Emerging Issues Task Force). The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	In February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.

	In January 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The Company does not believe that adoption of the standard will have a material impact on its results of operations or financial position upon adoption.
Use of Estimates	'
Use of Estimates	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments	'
Fair Value of Financial Instruments	The carrying amounts reported in the accompanying consolidated financial statements for other receivables, accounts receivables from related parties, accounts payable to related parties and accrued expenses approximate fair values because of the immediate nature or short-term maturities of these financial instruments. The carrying amount of long-term debts approximates fair value due to the stated interest rates approximating prevailing market rates. See Note 15 for a discussion of the fair value of the long-term derivative put option liability.
Cash	'
	The Company considers all highly-liquid investments purchased with an original maturity of three months or less to be cash equivalents.

	Cash balances in Balykshi and CRE, have been designated under our loan agreement with EBRD and may not be used for any purpose other than construction and operations of the marine base. At September 30, 2013 and 2012 the total cash balance of Balykshi and CRE was $101 and $93, respectively.
Receivables	'
Receivables	In the normal course of business the Company extends credit to its customers on a short-term basis. The Company’s principal customers are major oil and natural gas exploration, development and production companies. Credit risks associated with these customers are considered minimal. Dealings with smaller, local companies pose the greatest risks. For new geophysical services customers the Company typically requires an advance payment and the Company retains the seismic data generated from these services until payment is made in full. The Company routinely reviews accounts receivable balances and makes provisions for doubtful accounts as necessary. Accounts are reviewed on a case-by-case basis and losses are recognized in the period the Company determines it is likely that receivables will not be fully collected. The Company may also provide a general provision for accounts receivable based on existing economic conditions.
Inventories	'
Inventories	Inventory consists of fuel, spare parts and supplies related to geophysical and marine base operations. Inventories are stated at the lower of cost or market, cost being determined by an average cost method, which approximates the first-in, first-out method. Property held for sale represents items and materials, which are expected to be sold within the next fiscal year. As of September 30, 2013 and 2012 an allowance of $1,273 and $1,592, respectively, was recognized.
Vessels, Equipment and Property	'
	Vessels, equipment and property are stated at cost less accumulated depreciation. At the time property is disposed of or traded in, the assets and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is charged to operations. Major renewals and betterments that extend the life of the property and equipment are capitalized. Maintenance and repairs are expensed as incurred except for marine vessel drydocking expenditures, which are capitalized and amortized.

	Depreciation of property and equipment is calculated using the straight-line method and resulted in depreciation expense for the years ended September 30, 2013 and 2012 of $4,826 and $6,024, respectively.
Dry-docking Costs	'
	Caspian’s vessels must be periodically drydocked and undergo certain inspections to maintain their operating classification, as mandated by certain maritime regulations. Costs incurred to drydock the vessels for certification are capitalized and amortized over the period until the next drydocking, which is generally 24 months. Drydocking costs comprise painting the vessels’ hulls and sides, recoating cargo and fuel tanks, and performing other engine and equipment maintenance activities to bring the vessels into compliance with classification standards.

	Amortization of drydocking costs is calculated by using the straight-line method and resulted in amortization expense for the years ended September 30, 2013 and 2012 of $189 and $192, respectively. Accumulated amortization of the drydocking costs was $102 and $215 as of September 30, 2013 and 2012, respectively.
Impairment of Long-Lived Assets and Long-Lived Assets for Disposal	'
	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount that the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. At September 30, 2012 the Company reviewed its long-lived assets and determined the marine base was impaired. At September 30, 2013 the Company also impaired the vessels held for disposal. See Note 15 for details.
Revenue Recognition	'
	Vessel revenues are usually derived from time charter contracts on a rate-per-day of service basis; therefore, vessel revenues are recognized on a daily basis throughout the contract period. These time charter contracts are generally on a term basis, ranging from three months to three years. The base rate of hire for a contract is generally a fixed rate; however, these contracts often include clauses to recover specific additional costs and mobilization and demobilization costs which are billed on a monthly basis.

	Geophysical service revenue is recognized when services are rendered, accepted by the customer and collectability is reasonably assured. Direct costs are charged to each contract as incurred along with allocated indirect costs for the specific period of service. Losses on contracts are recognized during the period in which the loss first becomes probable and reasonably estimated. Due to the nature of some of the geophysical services provided, certain customers have prepaid their contract services. These prepayments have been deferred and are recognized as revenue as the services are provided. At September 30, 2013 and 2012 the Company had $10 and $6, respectively, of deferred revenue related to these prepaid services.

	Marine base service revenue is recognized when services are rendered, accepted by the customer and collectability is reasonably assured.
Foreign Currency Transactions	'
	Caspian Services, Inc., the parent company of the subsidiaries, makes its principal investing and financing transactions in United States Dollars (USD), which is also its functional currency. Transactions and balances denominated in other currencies have been translated into USD using historical exchange rates. Exchange gains and losses from holding foreign currencies and having liabilities payable in foreign currencies are included in the results of operations.

	The Kazakh Tenge (KZT) is the functional currency of the operating subsidiaries. Their respective balance sheets have been translated into USD at the exchange rates prevailing at each balance sheet date. Their respective statements of comprehensive income (loss) have been translated into USD using the average exchange rates prevailing during the periods of each statement. The corresponding translation adjustments are part of accumulated other comprehensive income and are shown as part of shareholders’ equity

	The translation of KZT denominated assets and liabilities into USD for the purpose of these consolidated financial statements does not necessarily mean the Company could realize or settle, in USD, the reported values of these assets and liabilities in USD. Likewise it does not mean the Company could return or distribute the reported USD value of its Kazakh subsidiaries’ capital to its shareholders.
Income Taxes	'
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences in assets and liabilities and their respective tax basis and attributable to operating loss carry forwards. Differences generally result from the calculation of income under US GAAP and the calculation of taxable income calculated under Kazakhstan income tax regulations.

	The current regime of penalties and interest related to reported and discovered violations of Kazakhstan’s laws, decrees and related regulations can be severe. Penalties include confiscation of the amounts in question for currency law violations, as well as fines of generally 100% of the unpaid taxes. Interest is assessable at rates of generally 0.06% per day. As a result, penalties and interest can result in amounts that are multiples of any unreported taxes. At September 30, 2013 and 2012 no interest or penalties have been accrued as a result of any tax positions taken. In the event interest or penalties are assessed, the Company will include these amounts related to unrecognized tax benefits in income tax expense.

	A deferred tax liability is not recognized for the following types of temporary differences unless it becomes apparent that those temporary differences will reverse in the foreseeable future:

	(a) An excess of the amount for financial reporting over the tax basis of an investment in a foreign subsidiary or a foreign corporate joint venture, that is essentially permanent in duration.

	(b) Undistributed earnings of a domestic subsidiary or a domestic corporate joint venture that is essentially permanent in duration.
Comprehensive Loss	'
Comprehensive Loss	Total comprehensive loss consists of net loss and changes in accumulated other comprehensive loss. Accumulated other comprehensive loss is presented in the consolidated statements of comprehensive income (loss) and consists of foreign currency translation adjustments.
Basic and Diluted Loss Per Share	'
	Basic loss per common share is calculated by dividing net loss attributable to Caspian Services by the weighted-average number of common shares outstanding. Diluted loss per common share is calculated by dividing net loss attributable to Caspian Services by the weighted-average number of common shares outstanding giving effect to potentially dilutive issuable common shares.

	At September 30, 2013 the Company had 800,000 options outstanding, 147,939 non-vested restricted shares outstanding and 386,396,667 potential shares related to convertible debt that were not included in the computation of diluted loss per common share because they would be anti-dilutive.

	At September 30, 2012 the Company had 800,000 options outstanding, 441,862 non-vested restricted shares outstanding and 364,953,650 potential shares related to convertible debt that were not included in the computation of diluted loss per common share because they would be anti-dilutive.
Stock Based Compensation	'
Stock Based Compensation	The Company recognizes the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. Fair value of the award is calculated based on closing stock price at the grant date. Restricted stock compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award (the vesting period).
Concentration of Revenue	'
Concentration of Revenue	During fiscal 2013 75% of vessel revenue came from four clients: NC Production Operations Company B.V. – 34%, Saipem Kazakhstan Branch – 14%, Geoken - 14% and Bumi Armada Caspian LLC – 13%. During fiscal 2013 49% of marine base service revenue came from our related party MOBY.

NOTE_8_VESSELS_EQUIPMENT_AND_P1

NOTE 8 - VESSELS, EQUIPMENT AND PROPERTY (Tables)	12 Months Ended
NOTE 8 - VESSELS, EQUIPMENT AND PROPERTY (Tables)	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Summary of vessels, equipment and property	'
	as of September 30,		2013		2012	Depreciable
	as of September 30,		2013		2012	Life in Years
	Land	$	9,250	$	9,482	N/A
	Buildings and construction		36,285		37,300	10-14
	Marine vessels		15,883		19,634	10
	Machinery and equipment		18,574		25,238	2-15
	Field camp		-		357	5-14
	Vehicles		2,846		3,461	3-12
	Office equipment		329		183	2-10
	Dwelling units		2,210		2,844	3-7
	Other		831		635	3-7
			86,208		99,134
	Accumulated depreciation		(35,467)		(40,206)
	Vessels, Equipment and Property, net	$	50,741	$	58,928

NOTE_9_INTANGIBLE_ASSETS_AND_G1

NOTE 9 - INTANGIBLE ASSETS AND GOODWILL (Tables)	12 Months Ended
NOTE 9 - INTANGIBLE ASSETS AND GOODWILL (Tables)	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Summary of intangible assets	'
			2013			2012
		Estimated	Gross carrying	Accumulated		Gross carrying	Accumulated
		useful life	amount	amortization		amount	amortization

	Acquired software	7 years	$ 368	$ 339		$ 400	$ 300
	Total		$ 368	$ 339		$ 400	$ 300
Summary of amortization expense	'
		Years Ending September 30,
		2014	2015	2016	thereafter
	Amortization expense	$ 29	$ -	$ -	$ -
Changes in the carrying amount of goodwill	'
		For The Year Ended
		September 30,
		2013	2012
	Balance - beginning of year	$ 229	$ 232
	Impairment of KMG goodwill	-	-
	Foreign currency translation adjustment	(5)	(3)
	Balance - end of year	$ 224	$ 229

NOTE_10_NOTES_PAYABLE_Tables

NOTE 10 - NOTES PAYABLE (Tables)	12 Months Ended
NOTE 10 - NOTES PAYABLE (Tables)	Sep. 30, 2013
Note 10 - Notes Payable Tables	'
NOTES PAYABLE	'
		September 30,	September 30,
		2013	2012

	Secured non-negotiable promissory note payable to Investor; interest at 0.26% due September 30, 2014	$ 10,856	$ 10,828

	Secured convertible consolidated promissory note payable to Investor; interest at 12% (default interest at 13%) due September 30, 2014	29,593	27,467

	EBRD loan and accrued interest at 7% due May 2015 (default interest at 9%); secured by property and bank accounts	23,387	21,319

	Total Long-term Debt	63,836	59,614
	Less: Current Portion	(63,836)	(59,614)
	Long-term Debt - Net of Current Portion	$ -	$ -

NOTE_11_STOCKHOLDERS_EQUITY_Ta

NOTE 11 - STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
NOTE 11 - STOCKHOLDERS' EQUITY (Tables)	Sep. 30, 2013
EQUITY (Deficit)	'
A summary of the non-vested stock under the Company's compensation plan	'

		Non-Vested	Weighted Average Grant
		Shares	Date Fair Value Per Share

	Non-vested at September 30, 2012	441,862	$0.21
	Stock granted	-	-
	Stock vested	(293,923)	0.23
	Non-vested at September 30, 2013	147,939	$0.11

		Non-Vested	Weighted Average Grant
		Shares	Date Fair Value Per Share

	Non-vested at September 30, 2011	331,968	$0.34
	Stock granted	443,817	0.11
	Stock vested	(333,923)	0.29
	Non-vested at September 30, 2012	441,862	$0.21
Stock option activity	'
		2013		2012
			Weighted-Average		Weighted-Average
		Options	Exercise Price Per Share	Options	Exercise Price Per Share
	Outstanding at beginning of the year	800,000	$ 3.00	800,000	$ 3.00
	Granted	-	-	-	-
	Forfeited	-	-	-	-
	Expired	-	-	-	-
	Outstanding at end of the year	800,000	$ 3.00	800,000	$ 3.00
	Exercisable at end of the year	800,000	$ 3.00	800,000	$ 3.00

NOTE_12_INCOME_TAXES_Tables

NOTE 12 - INCOME TAXES (Tables)	12 Months Ended
NOTE 12 - INCOME TAXES (Tables)	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Income before Income Tax, Domestic and Foreign	'
		For the Years Ended
		September 30,
		2013	2012
	United States	$ (2,460)	$ (1,509)
	Kazakhstan	(7,325)	(12,772)
		$ (9,785)	$ (14,281)
Schedule of Components of Income Tax Expense (Benefit)	'
		For the Years Ended
		September 30,
		2013	2012
	Current U.S. income tax	$ -	$ -
	Current Foreign Income Tax	-	478
	Deferred U.S. income tax	1,480	513
	Deferred Foreign Income Tax	1,180	1,881
	Provision for Valuation Allowance	(2,132)	(2,132)
	Income tax benefit	$ 528	$ 740
Schedule of Deferred Tax Assets and Liabilities	'
					As of September 30,
		US		Foreign	2013	2012
	Current deferred tax assets/(liabilities)
	Provision for doubtful debts	$ -		$ 702	$ 702	$ 1,438
	Inventory Allowance	-		255	255	-
	Vacation Accrual	-		54	54	-
	Tax loss carry forwards	-		-	-	11,593
	Valuation Allowance	-		(776)	(776)	(11,135)
	Total current deferred tax asset	$ -		$ 235	$ 235	$ 1,896

	Long-term deferred tax assets/(liabilities)
	Net Operating Loss carry forwards	$ 6,274		$ 8,244	$ 14,518	$ -
	Capital Loss Carryforwards	779		-	779	-
	Property and equipment	-		(285)	(285)	(292)
	Valuation allowance	(7,053)		(6,110)	(13,163)	-
	Total net long-term deferred tax asset/(liability)	-		1,849	1,849	(292)
	Net deferred tax asset	$ -		$ 2,084	$ 2,084	$ 1,604
Schedule of Effective Income Tax Rate Reconciliation	'
		For the Years Ended
		September 30,
		2013		2012
	Tax at federal statutory rate (37.3%)	$ 3,652		$ 4,960
	Non-deductible expenses	(390)		157
	Loss not subject to taxation	(41)		(230)
	Loss on discontinued operations	-		(99)
	Effect of lower foreign tax rates	(1,053)		(2,299)
	Intercompany adjustments	(57)		-
	Valuation Allowance	(1,579)		(2,033)
	Other	(4)		284
	Income tax benefit	$ 528		$ 740

NOTE_14_RELATED_PARTY_TRANSACT1

NOTE 14 - RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
NOTE 14 - RELATED PARTY TRANSACTIONS (Tables)	Sep. 30, 2013
Note 14 - Related Party Transactions Tables	'
Accounts receivable from related parties	'
	Related Party's Name	Description	30-Sep-13	30-Sep-12

	Bolz LLP	Seismic services	$ 3,174	$ 3,254
	MOBY	Marine base	1,330	987
	Others	Other costs	450	8
		Allowance for doubtful accounts	(3,499)	(3,254)
	TOTAL		$ 1,455	$ 995
Long-term deferred revenue from related parties	'
	Related Party's Name	Description	September 30, 2013	30-Sep-12

	MOBY	Advance received for land rental	$ 2,619	$ 2,866
	TOTAL		$ 2,619	$ 2,866

NOTE_15_FAIR_VALUE_MEASUREMENT1

NOTE 15 - FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
NOTE 15 - FAIR VALUE MEASUREMENTS (Tables)	Sep. 30, 2013
Note 15 - Fair Value Measurements Tables	'
Schedule of fair value measurements	'

			Fair Value Measurements at Reporting Date Using
	Description	30-Sep-13	Level 1	Level 2	Level 3
	Property held for sale	$ 203	$ -	$ -	$ 203

			Fair Value Measurements at Reporting Date Using
	Description	30-Sep-12	Level 1	Level 2	Level 3
	Property held for sale	$ 854	$ -	$ -	$ 854

NOTE_16_SEGMENT_INFORMATION_Ta

NOTE 16 - SEGMENT INFORMATION (Tables)	12 Months Ended
NOTE 16 - SEGMENT INFORMATION (Tables)	Sep. 30, 2013
Note 16 - Segment Information Tables	'
Operations and assets of reportable business segments schedule	'

		For the Years
		Ended September 30,
		2013		2012
	Capital Expenditures
	Vessel Operations	$ 1,430		$ 272
	Geophysical Services	2,570		1,427
	Marine Base Services	57		85
	Total segments	4,057		1,784
	Corporate assets	-		5
	Less intersegment investments	(676)		-
	Total consolidated	$ 3,381		$ 1,789

		For the Years
		Ended September 30,
		2013		2012
	Revenues
	Vessel Operations	$ 20,101		$ 17,688
	Geophysical Services	13,644		6,164
	Marine Base Services	9,062		1,173
	Total segments	42,807		25,025
	Corporate revenue	-		-
	Less intersegment revenues	(9,719)		(277)
	Total consolidated	$ 33,088		$ 24,748

	Depreciation and Amortization
	Vessel Operations	$ (2,178)		$ (3,060)
	Geophysical Services	(1,378)		(1,660)
	Marine Base Services	(1,458)		(1,495)
	Total segments	(5,014)		(6,215)
	Corporate depreciation and amortization	(1)		(1)
	Total consolidated	$ (5,015)		$ (6,216)

	Interest expense
	Vessel Operations	$ -		$ -
	Geophysical Services	-		-
	Marine Base Services	(5,823)		(5,035)
	Total segments	(5,823)		(5,035)
	Corporate interest expense	(2,162)		(1,671)
	Total consolidated	$ (7,985)		$ (6,706)

	Income/(Loss) Before Income Tax
	Vessel Operations	$ (3,102)		$ (1,077)
	Geophysical Services	1,882		(2,342)
	Marine Base Services	(5,337)		(8,065)
	Total segments	(6,557)		(11,484)
	Corporate loss	(3,228)		(2,797)
	Total consolidated	$ (9,785)		$ (14,281)

		For the Years
		Ended September 30,
		2013		2012
	Benefit from (Provision for) Income Tax
	Vessel Operations	$ 1,080		$ 501
	Geophysical Services	(552)		240
	Marine Base Services	-		-
	Total segments	528		741
	Corporate provision for income tax	-		(1)
	Total consolidated	$ 528		$ 740

	Loss from discontinued operations
	Vessel Operations	$ -		$ -
	Geophysical Services	(1,063)		(2,411)
Marine Base Services	-		-
Total segments	(1,063)		(2,411)
Corporate	(1,508)		-
Total consolidated	$ (2,571)		$ (2,411)

Loss/(Income) attributable to Noncontrolling Interests
Vessel Operations	$ -		$ -
Geophysical Services	-		(172)
Marine Base Services	284		2,087
Total segments	284		1,915
Corporate noncontrolling interest	-		-
Total consolidated	$ 284		$ 1,915

Net (Loss)/Income attributable to Caspian Services Inc.
Vessel Operations	$ (2,022)		$ (576)
Geophysical Services	267		(4,685)
Marine Base Services	(5,053)		(5,978)
Total segments	(6,808)		(11,239)
Corporate loss	(4,736)		(2,798)
Total consolidated	$ (11,544)		$ (14,037)

	September 30,		September 30,
Segment Assets	2013		2012
Vessel Operations	$ 24,031		$ 24,741
Geophysical Services	18,005		20,100
Marine Base Services	78,186		81,198
Total segments	120,222		126,039
Corporate assets	6,946		6,842
Less intersegment assets	(46,625)		(45,405)
Total consolidated	$ 80,543		$ 87,476

NOTE_1_THE_COMPANY_AND_BASIS_O2

NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Details Narrative) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Note 1 - Company And Basis Of Presentation And Accounting Policies Details Narrative	'	'	'
Allowance for Inventories	$1,273	$1,592	'
Depreciation of property and equipment	4,826	6,024	'
Amortization of drydocking costs	189	192	'
Accumulated amortization of the drydocking costs	102	215	'
Options outstanding	800,000	800,000	800,000
Non-vested restricted shares outstanding	147,939	441,862	'
Potential shares related to convertible debt	386,396,667	364,953,650	'
Deferred revenue	$10	$6	'

NOTE_8_VESSELS_EQUIPMENT_AND_P2

NOTE 8 - VESSELS, EQUIPMENT AND PROPERTY (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Property, Plant and Equipment [Abstract]	'	'
Land	$9,250	$9,482
Buildings and construction	36,285	37,300
Marine vessels	15,883	19,634
Machinery and equipment	18,574	25,238
Field camp	0	357
Vehicles	2,846	3,461
Office equipment	329	183
Dwelling units	2,210	2,844
Other	831	635
Vessels, Equipment and Property, gross	86,208	99,134
Accumulated depreciation	-35,467	-40,206
Vessels, Equipment and Property, net	$50,741	$58,928

NOTE_9_INTANGIBLE_ASSETS_AND_G2

NOTE 9 - INTANGIBLE ASSETS AND GOODWILL (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Gross Carrying Amount	'	'
Acquired software	$368	$400
Total	368	400
Accumulated Amortization	'	'
Acquired software	339	300
Total	$339	$300

NOTE_9_INTANGIBLE_ASSETS_AND_G3

NOTE 9 - INTANGIBLE ASSETS AND GOODWILL (Details 1) (Amortization Expense, USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013
Amortization Expense	'
2014	$29
2015	0
2016	0
Thereafter	$0

NOTE_9_INTANGIBLE_ASSETS_AND_G4

NOTE 9 - INTANGIBLE ASSETS AND GOODWILL (Details 2) (Amortization Expense, USD $) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Note 9 - Intangible Assets And Goodwill Details 2 Amortization Expense Usd	'	'
Balance - beginning of year	$229	$232
Impairment of KMG goodwill	0	0
Foreign currency translation adjustment	-5	-3
Balance - end of year	$224	$229

NOTE_9_INTANGIBLE_ASSETS_AND_G5

NOTE 9 - INTANGIBLE ASSETS AND GOODWILL (Details Narrative) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Note 9 - Intangible Assets And Goodwill Details Narrative	'	'
Amortization of intangible assets	$40	$61

NOTE_10_NOTES_PAYABLE_Details

NOTE 10 - NOTES PAYABLE (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Total Long-term Debt	$63,836	$59,614
Less: Current Portion	-63,836	-59,614
Long-term Debt - Net of Current Portion	0	0
Non Negotiable Promissory Note [Member]	'	'
Total Long-term Debt	10,856	10,828
Convertible Consolidated Promissory Note [Member]	'	'
Total Long-term Debt	29,593	27,467
EBRD Loan And Accrued Interest [Member]	'	'
Total Long-term Debt	$23,387	$21,319

NOTE_10_NOTES_PAYABLE_Details_

NOTE 10 - NOTES PAYABLE (Details Narrative) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Debt Disclosure [Abstract]	'	'
Payments on long-term debt	$1,600	$0

NOTE_11_STOCKHOLDERS_EQUITY_De

NOTE 11 - STOCKHOLDERS' EQUITY (Details) (USD $)	12 Months Ended
NOTE 11 - STOCKHOLDERS' EQUITY (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Note 11 - Stockholders Equity Details	'	'
Non-vested, Beginning	441,862	331,968
Stock granted, Shares	0	443,817
Stock vested, Shares	-293,923	-333,923
Non-vested, Ending	147,939	441,862
Non-vested Beginning, Weighted Average Grant Date Fair Value Per Share	$0.21	$0.34
Stock granted, Weighted Average Grant Date Fair Value Per Share	$0	$0.11
Stock vested, Weighted Average Grant Date Fair Value Per Share	$0.23	$0.29
Non-vested Ending, Weighted Average Grant Date Fair Value Per Share	$0.11	$0.21

NOTE_11_STOCKHOLDERS_EQUITY_De1

NOTE 11 - STOCKHOLDERS' EQUITY (Details 1) (USD $)	12 Months Ended
NOTE 11 - STOCKHOLDERS' EQUITY (Details 1) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Note 11 - Stockholders Equity Details 1	'	'
Number of Options Outstanding, Beginning	800,000	800,000
Number of Options Granted	0	0
Number of Options Exercised	0	0
Number of Options Forfeited	0	0
Number of Options Outstanding, Ending	800,000	800,000
Number of Options Exercisable	800,000	800,000
Weighted Average Exercise Price Outstanding, Beginning	$3	$3
Weighted Average Exercise Price Granted	$0	$0
Weighted Average Exercise Price Exercised	$0	$0
Weighted Average Exercise Price Forfeited	$0	$0
Weighted Average Exercise Price Outstanding, Ending	$3	$3
Weighted Average Exercise Price Exercisable	$3	$3

NOTE_11_STOCKHOLDERS_EQUITY_De2

NOTE 11 - STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
EQUITY (Deficit)	'	'
Compensation expense charged	$28	$75
Value of the non-vested stock under the compensation plan	6	'
Unrecognized stock-based compensation	$5	'
Weighted average remaining term	'10 months 2 days	'
Weighted-average remaining contractual life, options	'2 years	'

NOTE_12_INCOME_TAXES_Details

NOTE 12 - INCOME TAXES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]	'	'
United States	($2,460)	($1,509)
Kazakhstan	-7,325	-12,772
Income (Loss) from Continuing Operations	($9,785)	($14,281)

NOTE_12_INCOME_TAXES_Details_1

NOTE 12 - INCOME TAXES (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]	'	'
Current U.S. income tax	$0	$0
Current Foreign Income Tax	0	478
Deferred U.S. income tax	1,480	513
Deferred Foreign Income Tax	1,180	1,881
Provision for Valuation Allowance	-2,132	-2,132
Benefit from income tax	$528	$740

NOTE_12_INCOME_TAXES_Details_2

NOTE 12 - INCOME TAXES (Details 2) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Current deferred tax assets/(liabilities)	'	'
Provision for doubtful debts	$702	$1,438
Inventory Allowance	255	0
Vacation Accrual	54	0
Tax loss carry forwards	0	11,593
Valuation Allowance	-776	-11,135
Total current deferred tax asset	235	1,896
Long-term deferred tax assets/(liabilities)	'	'
Net Operating Loss carry forwards	14,518	0
Capital Loss Carryforwards	779	0
Property and equipment	-285	-292
Valuation allowance	-13,163	0
Total net long-term deferred tax asset/(liability)	1,849	-292
Net deferred tax asset	2,084	1,604
US	'	'
Current deferred tax assets/(liabilities)	'	'
Provision for doubtful debts	0	'
Inventory Allowance	0	'
Vacation Accrual	0	'
Tax loss carry forwards	0	'
Valuation Allowance	0	'
Total current deferred tax asset	0	'
Long-term deferred tax assets/(liabilities)	'	'
Net Operating Loss carry forwards	6,274	'
Capital Loss Carryforwards	779	'
Property and equipment	0	'
Valuation allowance	-7,053	'
Total net long-term deferred tax asset/(liability)	0	'
Net deferred tax asset	0	'
Foreign	'	'
Current deferred tax assets/(liabilities)	'	'
Provision for doubtful debts	702	'
Inventory Allowance	255	'
Vacation Accrual	54	'
Tax loss carry forwards	0	'
Valuation Allowance	-776	'
Total current deferred tax asset	235	'
Long-term deferred tax assets/(liabilities)	'	'
Net Operating Loss carry forwards	8,244	'
Capital Loss Carryforwards	0	'
Property and equipment	-285	'
Valuation allowance	-6,110	'
Total net long-term deferred tax asset/(liability)	1,849	'
Net deferred tax asset	$2,084	'

NOTE_12_INCOME_TAXES_Details_3

NOTE 12 - INCOME TAXES (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]	'	'
Tax at federal statutory rate (37.3%)	$3,652	$4,960
Non-deductible expenses	-390	157
Loss not subject to taxation	-41	-230
Loss on discontinued operations	0	-99
Effect of lower foreign tax rates	-1,053	-2,299
Intercompany adjustments	-57	0
Valuation Allowance	-1,579	-2,033
Other	-4	284
Benefit from income tax	$528	$740

NOTE_12_INCOME_TAXES_Details_N

NOTE 12 - INCOME TAXES (Details Narrative) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013
US	'
Losses carry forwards	$18,909
Foreign	'
Losses carry forwards	$45,840

NOTE_14_RELATED_PARTY_TRANSACT2

NOTE 14 - RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Total-Accounts receivable from related parties	$1,455	$995
Bolz Llp [Member]	'	'
Related Party, description	'Seismic services	'
Accounts receivable from related parties	3,174	3,254
Moby [Member]	'	'
Related Party, description	'Marine base	'
Accounts receivable from related parties	1,330	987
Others [Member]	'	'
Related Party, description	'Other costs	'
Accounts receivable from related parties	450	8
Others Two[Member]	'	'
Related Party, description	'Allowance for doubtful account	'
AllowanceForDoubtfulAccounts [Member]	'	'
Accounts receivable from related parties	($3,499)	($3,254)

NOTE_14_RELATED_PARTY_TRANSACT3

NOTE 14 - RELATED PARTY TRANSACTIONS (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Related Party, description	'Advance received from land rental	'
Long-term deferred revenue from related parties	$2,619	$2,866
Moby [Member]	'	'
Long-term deferred revenue from related parties	$2,619	$2,866

NOTE_14_RELATED_PARTY_TRANSACT4

NOTE 14 - RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Related Party Transactions [Abstract]	'	'
Lease revenue recognized	$566	$544

NOTE_15_FAIR_VALUE_MEASUREMENT2

NOTE 15 - FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Property held for sale	$203	$854
Level 1	'	'
Property held for sale	0	0
Level 2	'	'
Property held for sale	0	0
Level 3	'	'
Property held for sale	$203	$854

NOTE_15_FAIR_VALUE_MEASUREMENT3

NOTE 15 - FAIR VALUE MEASUREMENTS (Details Narrative) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Debt Disclosure [Abstract]	'	'
Accelerated put option liability fair value	$19,649	$17,822

NOTE_16_SEGMENT_INFORMATION_De

NOTE 16 - SEGMENT INFORMATION (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Capital Expenditures	'	'
Total Segments Capital Expenditures	$4,057	$1,784
Corporate assets	0	5
Less intersegment investments	-676	0
Total consolidated	3,381	1,789
Revenues	'	'
Total segments Revenues	42,807	25,025
Corporate revenue	0	0
Less intersegment revenues	-9,719	-277
Total consolidated	33,088	24,748
Depreciation and Amortization	'	'
Total segments Depreciation and Amortization	-5,014	-6,215
Corporate depreciation and amortization	-1	-1
Total consolidated	-5,015	-6,216
Interest expense	'	'
Total segments Interest expense	-5,823	-5,035
Corporate interest expense	-2,162	-1,671
Total consolidated	-7,985	-6,706
Income/(Loss) Before Income Tax	'	'
Total segments Income/(Loss) Before Income Tax	-6,557	-11,484
Corporate loss	-3,228	-2,797
Total consolidated	-9,785	-14,281
Benefit from (Provision for) Income Tax	'	'
Total segments Benefit from (Provision for) Income Tax	528	741
Corporate provision for income tax	0	-1
Income tax (provision) benefit	528	740
Loss from discontinued operations	'	'
Total segments	-1,063	-2,411
Corporate	-1,508	0
Total consolidated	-2,571	-2,411
Loss/(Income) attributable to Noncontrolling Interests	'	'
Total segments Loss/(Income) attributable to Noncontrolling Interests	284	1,915
Corporate noncontrolling interest	0	0
Total consolidated	284	1,915
Net Loss/(Income) attributable to Caspian Services Inc.	'	'
Total segments Net Loss/(Income) attributable to Caspian Services Inc.	-6,808	-11,239
Corporate loss	-4,736	-2,798
Total consolidated	-11,544	-14,037
Vessel Operations [Member]	'	'
Capital Expenditures	'	'
Total Segments Capital Expenditures	1,430	272
Revenues	'	'
Total segments Revenues	20,101	17,688
Depreciation and Amortization	'	'
Total segments Depreciation and Amortization	-2,178	-3,060
Interest expense	'	'
Total segments Interest expense	0	0
Income/(Loss) Before Income Tax	'	'
Total segments Income/(Loss) Before Income Tax	-3,102	-1,077
Benefit from (Provision for) Income Tax	'	'
Total segments Benefit from (Provision for) Income Tax	1,080	501
Loss from discontinued operations	'	'
Total segments	0	0
Loss/(Income) attributable to Noncontrolling Interests	'	'
Total segments Loss/(Income) attributable to Noncontrolling Interests	0	0
Net Loss/(Income) attributable to Caspian Services Inc.	'	'
Total segments Net Loss/(Income) attributable to Caspian Services Inc.	-2,022	-576
Geophysical Services [Member]	'	'
Capital Expenditures	'	'
Total Segments Capital Expenditures	2,570	1,427
Revenues	'	'
Total segments Revenues	13,644	6,164
Depreciation and Amortization	'	'
Total segments Depreciation and Amortization	-1,378	-1,660
Interest expense	'	'
Total segments Interest expense	0	0
Income/(Loss) Before Income Tax	'	'
Total segments Income/(Loss) Before Income Tax	1,882	-2,342
Benefit from (Provision for) Income Tax	'	'
Total segments Benefit from (Provision for) Income Tax	-552	240
Loss from discontinued operations	'	'
Total segments	-1,063	-2,411
Loss/(Income) attributable to Noncontrolling Interests	'	'
Total segments Loss/(Income) attributable to Noncontrolling Interests	0	-172
Net Loss/(Income) attributable to Caspian Services Inc.	'	'
Total segments Net Loss/(Income) attributable to Caspian Services Inc.	267	-4,685
Marine Base Services [Member]	'	'
Capital Expenditures	'	'
Total Segments Capital Expenditures	57	85
Revenues	'	'
Total segments Revenues	9,062	1,173
Depreciation and Amortization	'	'
Total segments Depreciation and Amortization	-1,458	-1,495
Interest expense	'	'
Total segments Interest expense	-5,823	-5,035
Income/(Loss) Before Income Tax	'	'
Total segments Income/(Loss) Before Income Tax	-5,337	-8,065
Benefit from (Provision for) Income Tax	'	'
Total segments Benefit from (Provision for) Income Tax	0	0
Loss from discontinued operations	'	'
Total segments	0	0
Loss/(Income) attributable to Noncontrolling Interests	'	'
Total segments Loss/(Income) attributable to Noncontrolling Interests	284	2,087
Net Loss/(Income) attributable to Caspian Services Inc.	'	'
Total segments Net Loss/(Income) attributable to Caspian Services Inc.	($5,053)	($5,978)

NOTE_16_SEGMENT_INFORMATION_De1

NOTE 16 - SEGMENT INFORMATION (Details 1) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Total segments Assets	$120,222	$126,039
Corporate assets	6,946	6,842
Less intersegment investments	-46,625	-45,405
Total consolidated	80,543	87,476
Vessel Operations [Member]	'	'
Total segments Assets	24,031	24,741
Geophysical Services [Member]	'	'
Total segments Assets	18,005	20,100
Marine Base Services [Member]	'	'
Total segments Assets	$78,186	$81,198