INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of income tax provision (benefit)

	2017			2016
Federal:
Current	$	-			-
Deferred		(4,303,000	)		(3,780,000	)
		(4,303,000	)		(3,780,000	)
State and local:
Current		-			-
Deferred		(376,000	)		(1,302,000	)
		(376,000	)		(1,302,000	)
Change in valuation allowance		4,679,000			5,082,000
Income tax provision (benefit)	$	-			-

Schedule of effective income tax rate reconciliation

	2017			2016
Statutory federal income tax rate		34.00	%		34.00	%
Statutory state and local income tax rate (1%, as of September 30, 2017 and 2016), net of federal benefit		1.62	%		7.72	%
Stock based compensation		(2.65	)%		(2.33	)%
Other permanent differences		(0.03	)%		0.72	%
Effect of change in deferred tax rate		2.37	%		2.01	%
Adjustment of prior years’ NOLs		0.38	%		0.41	%
Adjustment to depreciation and amortization		-			1.09	%
Adjustment to stock based compensation		-			(2.43	)%
Adjustment to state tax credits		0.70	%		0.55	%
Change in valuation allowance		(36.39	)%		(41.74	)%
Effective tax rate		0.00	%		0.00	%

Schedule of components of deferred tax assets

	September 30,
	2017			2016
Deferred tax assets (liabilities):
Stock based compensation	$	2,836,000		$	2,025,000
Depreciation and amortization		500,000			351,000
Amortization of debt discount		16,311,000			16,269,000
Net operating loss carry forward		16,143,000			12,713,000
Tax credits		521,000			221,000
Other		52,000			105,000
Less: valuation allowance		(36,363,000	)		(31,684,000	)
Net deferred tax asset	$	-		$	-