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STOCK OPTIONS AND WARRANTS - Employee Stock Options (Detail Textuals 1) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense $ 489,349 $ 517,320 $ 886,338 $ 2,515,843
Unrecorded compensation cost related to non-vested awards $ 2,973,920   $ 2,973,920  
Weighted average period of non-vested awards options     2 years 2 months 19 days  
Weighted average grant date fair value for options granted $ 2.72   $ 2.71  
Employee Stock Options | Employees, non-employee board of director members and members of the strategic advisory board        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of options granted 8,750   540,273  
Employee Stock Options | Executives        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of options granted     160,000