Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.4.1.9
Consolidated Balance Sheets (Unaudited) (USD $)
Dec. 31, 2014
Sep. 30, 2014
CURRENT ASSETS    
Cash $ 10,441,190us-gaap_Cash $ 13,220,494us-gaap_Cash
Prepaid expenses and other current assets 579,050us-gaap_PrepaidExpenseCurrent 133,527us-gaap_PrepaidExpenseCurrent
Total Current Assets 11,020,240us-gaap_AssetsCurrent 13,354,021us-gaap_AssetsCurrent
EQUIPMENT, net 96,789us-gaap_PropertyPlantAndEquipmentNet 104,425us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS    
Security deposit 12,243us-gaap_SecurityDeposit 12,243us-gaap_SecurityDeposit
Investment in joint venture   3,143us-gaap_EquityMethodInvestments
Intangible assets, net 17,512,414us-gaap_FiniteLivedIntangibleAssetsNet 17,810,400us-gaap_FiniteLivedIntangibleAssetsNet
Goodwill 740,912us-gaap_Goodwill 740,912us-gaap_Goodwill
TOTAL ASSETS 29,382,598us-gaap_Assets 32,025,144us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,192,314us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 351,864us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Due to Joint Venture 23,507us-gaap_DueToRelatedPartiesCurrent  
Notes payable    43,899us-gaap_NotesPayableCurrent
Contingent consideration 5,560,745us-gaap_BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized 4,877,359us-gaap_BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
Total Current Liabilities 6,776,566us-gaap_LiabilitiesCurrent 5,273,122us-gaap_LiabilitiesCurrent
TOTAL LIABILITIES 6,776,566us-gaap_Liabilities 5,273,122us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Preferred stock, Series B; 6,000,000 shares authorized, $0.0001 par value, zero shares issued and outstanding      
Common stock; 180,000,000 shares authorized, $0.0001 par value, 25,266,142 and 25,254,190 shares issued and outstanding, respectively 2,527us-gaap_CommonStockValue 2,525us-gaap_CommonStockValue
Additional paid-in capital 70,515,390us-gaap_AdditionalPaidInCapital 70,063,045us-gaap_AdditionalPaidInCapital
Accumulated deficit (47,911,885)us-gaap_RetainedEarningsAccumulatedDeficit (43,313,548)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 22,606,032us-gaap_StockholdersEquity 26,752,022us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 29,382,598us-gaap_LiabilitiesAndStockholdersEquity $ 32,025,144us-gaap_LiabilitiesAndStockholdersEquity