INTANGIBLE ASSETS (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||
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Jan. 31, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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Amortization of intangible assets | $ 1,124,644 | $ 1,138,631 | $ 448,456 | |
Impairment of unamortized patent costs | 338,906 | |||
Patent costs | 200,000 | 200,000 | ||
Patents [Member] | ||||
Amortization of intangible assets | $ 261,094 | $ 1,124,644 | $ 1,138,631 | $ 448,456 |
Impairment of unamortized patent costs | 338,906 | |||
Patent costs | $ 600,000 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross carrying amount before accumulated amortization as of the balance sheet date of the costs pertaining to the exclusive legal rights granted to the owner of the patent to exploit an invention or a process for a period of time specified by law. Such costs may have been expended to directly apply and receive patent rights, or to acquire such rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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