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BUSINESS ACQUISITION (Details narrative)
6 Months Ended
Mar. 31, 2017
USD ($)
$ / shares
shares
Accounting Policies [Abstract]  
Date of Transaction Aug. 19, 2016
Accounts Payable $ 262,873
Liabilities limited to 200,000
Liabilities to be Reimbursed $ 62,873
Shares issued to Seller | shares 6,000,000
Fair Value of Shares Issued $ 18,420,000
Exercise Price Per Share | $ / shares $ 1.5
Warrants to purchase shares | shares 4,500,000
Value of Warrants Issued $ 13,675,500
details

As consideration, the Company issued to Seller six million (6,000,000) shares of common stock with a fair value of $18,420,000 and five-year warrants to purchase four million five hundred thousand (4,500,000) shares of common stock at an exercise price of $1.50 per share. The warrants were valued at $13,675,500 using the Black Scholes option pricing model based upon the following assumptions: term of 5 years, risk free interest rate of 1.0%, a dividend yield of 0% and volatility rate of 218%. The warrants were fully earned and vested on July 1, 2016. 

Fair Value of Asset Acquired $ 32,095,500