COMMON STOCK OPTIONS (Details Narrative) (USD $)
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9 Months Ended | 69 Months Ended | 0 Months Ended | 9 Months Ended | ||||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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May 17, 2013
Stock Options
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Apr. 30, 2013
Stock Options
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Jun. 30, 2013
Stock Options
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Jun. 30, 2013
Stock Options
Lower Range
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Jun. 30, 2013
Stock Options
Upper Range
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Stock price at valuation | $ 1.20 | $ 4.71 | ||||||
Expected term | 5 years | |||||||
Exercise Price | $ 1.50 | $ 4.74 | ||||||
Risk free interest rate | 0.68% | 2.60% | ||||||
Dividend yield | 0.00% | |||||||
Volatility rate | 191.00% | 277.00% | ||||||
Stock options, grants | 116,667 | 116,667 | ||||||
Stock options, fair value per option | $ 4.50 | $ 4.59 | ||||||
Stock options, vested | 29,167 | 29,167 | ||||||
Stock options, compensation expense | $ 177,718 | $ 140,775 | $ 147,233 | |||||
Stock options, vesting in the future | 87,500 | 87,500 | ||||||
Compensation Expense - employees | 156,154 | |||||||
Unamortized option expense | 1,414,000 | 1,414,000 | ||||||
Intrinsic value of awards | $ 6,470,000 | $ 6,470,000 |
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- Definition
The number of stock options vesting in the future. No definition available.
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X | ||||||||||
- Definition
Amount of expense recognized from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments), awarded to key employees or individuals. Excludes amount related to plans that cover generally all employees (for example, but not limited to, qualified pension plans). No definition available.
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- Definition
Unrecognized cost of unvested options awarded to employees as compensation. No definition available.
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- Definition
Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
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X | ||||||||||
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The number of exercisable share options (fully vested and expected to vest) that may be converted as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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