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Intangible Assets (Tables)
9 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The following table provides details on the Company’s intangible asset balances:

 

 

Intangible assets
not subject to
amortization

 

  

Intangible assets
subject to
amortization

 

 

Total
Intangible assets

 

Balance at September 30, 2013

$

3,117,322

 

 

$

123,191

 

 

$

3,240,513

 

Impairment

 

(2,172,387

)

 

 

-

 

 

 

(2,172,387

)

Amortization

 

-

 

 

 

(54,653

)

 

 

(54,653

)

Balance at September 30, 2014

$

944,935

 

 

$

68,538

 

 

$

1,013,473

 

Acquisition of Novartis RNAi Assets

 

-

 

 

 

24,857,214

 

 

 

24,857,214

 

Amortization

 

-

 

 

 

(607,801

)

 

 

(607,801

)

Balance at June 30, 2015

$

944,935

 

 

$

24,317,951

 

 

$

25,262,886