XML 29 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of transactions involving warrants
    Number of 
Shares
    Weighted 
Average 
Exercise 
Price Per 
Share
 
Balance at October 1, 2016     7,208,060     $ 3.64  
Granted     2,340,909       3.47  
Exercised     -       -  
Cancelled or expired     -       -  
Balance at March 31, 2017     9,548,969     $ 3.60  
Schedule of summary of transactions involving stock options issued to employees and consultants
    Number of 
Shares
    Weighted 
Average 
Exercise 
Price Per 
Share
    Aggregate 
Intrinsic 
Value
    Weighted Average Contractual Life (Years)
Outstanding at October 1, 2016     4,403,234     $ 4.08              
Granted     914,000       2.23              
Exercised     -       -              
Cancelled or expired     (117,757 )     (4.36 )            
Outstanding at March 31, 2017     5,199,477     $ 3.76              
Vested at March 31, 2017     3,809,116     $ 3.93     $ -     4.49
Non-vested at March 31, 2017     1,390,361             $ -     7.76
Schedule of fair value of options granted
    Three 
Month Period 
Ended 
March 31, 2017
    Six
Month Period 
Ended 
March 31, 2017
 
Stock price   $ 1.68     $ 2.07  
Exercise price   $ 2.87     $ 2.25  
Expected term, years     9.08       5.24  
Dividend yield     - %     - %
Volatility     133 %     112 %
Risk free rate     2.3 %     2.0 %
 
    Three 
Month Period 
Ended 
March 31, 2016
    Six
Month Period 
Ended 
March 31, 2016
 
Stock price   $ 2.78     $ 3.03  
Exercise price   $ 2.78     $ 3.03  
Expected term, years     10.00       6.17  
Dividend yield     - %     - %
Volatility     142 %     130 %
Risk free rate     1.74 %     1.79 %