6. SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

Assumptions used

For the Three Months Ended March 31,		For the Six Months Ended March 31,
2019	2018	2019	2018
Expected term (years)	2.50-2.75	3.50	2.50-2.75	3.50
Expected volatility	82.0%	103.1%	82.0%	103.1%
Risk free interest rate	2.53%	2.45%	2.53%	2.45%
Expected dividends	0.00%	0.00%	0.00%	0.00%
Estimated annual forfeiture rate	0%	10%	0%	10%

Schedule of stock option activity

	Number of Options	Weighted Average Exercise Price	Weighted Average Remaining Life In Years	Intrinsic Value
Outstanding, September 30, 2018	545,066	$               1.78
Granted	290,481	1.54
Exercised	-	-
Forfeited	(21,000)	1.79
Expired	-	-
Outstanding, March 31, 2019	815,547	$              1.69	4.3	$          63,268
Exercisable, March 31, 2019	622,673	$              1.73	4.2	$          63,268

Schedule of option activity by exericse price

Options Outstanding				Options Exercisable
	Weighted			Weighted		Weighted
	Average		Outstanding	Average		Average	Exercisable
Exercise	Exercise		Number of	Exercise		Remaining Life	Number of
Price	Price		Options	Price		In Years	Options
$0.64 to $1.23	$	0.80	77,500	$	0.80	5.6	77,500
$1.44 to $1.67		1.51	609,547		1.49	4.8	416,673
$2.43 to $2.73		2.48	66,000		2.48	1.1	66,000
$3.73 to $3.79		3.74	62,500		3.74	1.9	62,500
			815,547			4.2	622,673

Schedule restricted stock option activity

			Weighted
			Average		Total
	Number of		Grant Date		Grant Date
	Shares		Fair Value		Fair Value
Non-vested, September 30, 2018	6,028		$	1.24	$	7,475
Granted	-			-		-
Vested	(6,028	)		1.24		(7,475	)
Forfeited	-			-		-
Non-vested, March 31, 2019	-		$	-	$	-