Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA UNAUDITED (Tables)

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QUARTERLY FINANCIAL DATA UNAUDITED (Tables)
12 Months Ended
Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial data

    First   Second   Third   Fourth   Total
2015                    
Total revenue   $ —     $ —     $ —     $ —     $ —  
Operating loss     (4,205,513 )     (6,806,088 )     (3,334,840 )     (3,458,839 )     (17,805,280 )
Net loss     (4,540,957 )     (3,400,548 )     (3,345,997 )     (3,910,363 )     (15,197,865 )
Net loss per basic and diluted share   $ (0.18 )   $ (0.12 )   $ (0.11 )   $ (0.13 )   $ (0.54 )

 

    First   Second   Third   Fourth   Total
2014                    
Total revenue   $ —     $ —     $ —     $ —     $ —  
Operating loss     (2,021,493 )     (1,968,383 )     (2,056,416 )     (3,076,632 )     (9,122,924 )
Net loss     (2,021,925 )     (1,968,251 )     (2,052,089 )     (3,088,399 )     (9,130,664 )
Net loss per basic and diluted share   $ (0.10 )   $ (0.10 )   $ (0.09 )   $ (0.13 )   $ (0.41 )