STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
GRANT INCOME AND OTHER	$ 17,258	$ 20,976
OPERATING EXPENSES:
Research and development	3,548,257	4,692,908
General & administrative	1,407,009	634,601
Total operating expenses	4,955,266	5,327,509
OPERATING LOSS	(4,938,008)	(5,306,533)
GAIN ON DERIVATIVE INSTRUMENTS	8,928,312	8,122,960
INTEREST EXPENSE, NET	(469,151)	(483,693)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 3,521,153	$ 2,332,734
NET INCOME PER COMMON SHARE
BASIC	$ 0.59	$ 0.53
DILUTED	$ 0.32	$ 0.53
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
BASIC	5,994,431	4,390,740
DILUTED	6,084,708	4,465,591