Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.1.9
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Schedule of assets and liabilities measured and recognized at fair value

The following table presents assets and liabilities that are measured and recognized at fair value as of March 31, 2015 and September 30, 2014, on a recurring basis:

 

 

Assets and liabilities measured at fair value on a recurring basis at March 31, 2015   Level 1   Level 2   Level 3   Total
Carrying
Value
Contingent stock consideration   $ —     $ —     $ 1,774,552     $ 1,774,552  
    $ —     $ —     $ 1,774,552     $ 1,774,552  

 

Assets and liabilities measured at fair value on a recurring basis at September 30, 2014   Level 1   Level 2   Level 3   Total
Carrying
Value
Contingent stock consideration   $ —     $ —     $ 4,877,359     $ 4,877,359  
    $ —     $ —     $ 4,877,359     $ 4,877,359  
Schedule of fair value of financial instruments by caption on balance sheet

The following tables present the change in fair value of financial instruments as of March 31, 2015, by caption on the consolidated balance sheets and by ASC 820 valuation hierarchy described above.

 

Level 3 Reconciliation:     Contingent
Stock
Consideration 		 
Total level 3 assets and liabilities at September 30, 2014   $ 4,877,359  
Purchases, sales, issuances and settlements (net)     —  
Mark to market adjustments     (3,102,807)  
Total level 3 assets and liabilities at March 31, 2015   $ $1,774,552