FAIR VALUE (Tables)

12 Months Ended

Sep. 30, 2016

Schedule of fair value measurements of common stock warrants using significant unobservable inputs (Level 3)

	Year Ended September 30,
	2015
Balance at October 1, 2014	$	1,096,412
Adjustment resulting from change in value recognized in earnings (a)		2,994,540
Reclassification of warrant upon repurchase		(4,090,952	)
Reclassification to equity upon exercise		-
Balance at September 30, 2015	$	-

(a) Adjustment resulting from change in fair value is the amount of total gains or losses for the period attributable to the change in unrealized gains or losses relating to liabilities held at the reporting date and realized gains or losses at the date of exercise. The gain or loss is recorded in change in fair value of warrant liability in the accompanying consolidated statements of operations.