COMMON STOCK WARRANTS (Details Narrative) (USD $)
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0 Months Ended | 6 Months Ended | 78 Months Ended | 0 Months Ended | 6 Months Ended | 6 Months Ended | |||
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Dec. 30, 2013
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Oct. 02, 2013
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Mar. 31, 2014
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Mar. 31, 2014
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Jan. 07, 2014
Warrants [Member]
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Mar. 31, 2014
Warrants [Member]
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Sep. 30, 2013
Warrants [Member]
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Mar. 31, 2014
Warrants [Member]
Lower Range [Member[
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Mar. 31, 2014
Warrants [Member]
Upper Range [Member]
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Fair Value assumptions: | |||||||||
Stock price | $ 7.94 | $ 7.96 | $ 7.94 | $ 0.63 | $ 7.96 | ||||
Expected term | 2 years | 2 years | 3 years | 2 years | 5 years | ||||
Exercise Price | $ 1.50 | $ 7.96 | |||||||
Risk free interest rate | 0.21% | 2.90% | |||||||
Dividend yield | 0.00% | ||||||||
Volatility rate | 98.00% | 276.00% | |||||||
Warrants outstanding | 26,667 | 100,000 | 100,000 | 5,860,934 | |||||
Warrants issued for services | $ 65,748 | $ 481,724 | $ 599,989 | $ 390,852 | |||||
Consulting Expense, as recorded in professional fees | 949,243 | ||||||||
Vesting terms | 25,000 warrants vested immediately, with the remainder vesting over the next three quarterly periods | ||||||||
Intrinsic value of warrants | $ 40,400,000 | $ 40,400,000 |