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STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]        
GRANT INCOME AND OTHER $ 32,775 $ 197,620 $ 53,751 $ 334,458
OPERATING EXPENSES:        
Research and development 4,628,582 5,076,429 9,798,089 9,974,409
General & administrative 1,677,796 2,880,534 2,312,397 8,115,133
Total operating expenses 6,306,378 7,956,963 12,110,486 18,089,542
OPERATING LOSS (6,273,603) (7,759,343) (12,056,735) (17,755,084)
GAIN (LOSS) ON DERIVATIVE INSTRUMENTS (2,593,730) (4,782,796) 5,529,230 (2,619,826)
INTEREST INCOME (EXPENSE), NET 22,478 (14,097) 24,463 (26,644)
NET LOSS $ (8,844,855) $ (12,556,236) $ (6,503,042) $ (20,401,554)
NET LOSS PER COMMON SHARE        
BASIC and DILUTED $ (0.07) $ (0.17) $ (0.06) $ (0.27)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
BASIC AND DILUTED 118,420,327 75,847,869 114,070,776 74,540,112