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STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
GRANT INCOME AND OTHER     $ 34,433 $ 53,751
OTHER INCOME $ 17,175 $ 32,775    
OPERATING EXPENSES:        
Research and development 7,055,217 4,628,582 11,080,073 9,798,089
General & administrative 1,345,114 1,677,796 2,752,123 2,312,397
Total operating expenses 8,400,331 6,306,378 13,832,196 12,110,486
OPERATING LOSS (8,383,156) (6,273,603) (13,797,763) (12,056,735)
(LOSS) GAIN ON DERIVATIVE INSTRUMENTS (48,700) (2,593,730) 8,879,612 5,529,230
INTEREST INCOME, NET 22,367 22,478 45,464 24,463
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (8,409,489) $ (8,844,855) $ (4,872,687) $ (6,503,042)
NET LOSS PER COMMON SHARE        
BASIC     $ (0.03) $ (0.06)
DILUTED     $ (0.03) (0.06)
BASIC and DILUTED $ (0.05) $ (0.07)   $ (.06)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
BASIC     166,245,352 114,070,776
DILUTED     167,064,795 114,070,776
BASIC AND DILUTED 182,994,027 118,420,327   114,070,776