Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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| OPERATING EXPENSES | ||||
| General and administrative | $ 1,554,997 | $ 785,905 | $ 5,706,831 | $ 2,753,617 |
| Research and development | 1,496,768 | 1,152,967 | 7,416,745 | 3,130,500 |
| Depreciation & amortization | $ 283,075 | $ 116,088 | 883,959 | $ 160,719 |
| Impairment of intangibles | 338,906 | |||
| OPERATING LOSS | $ 3,334,840 | $ 2,054,960 | 14,346,441 | $ 6,044,836 |
| OTHER INCOME (EXPENSE) | ||||
| Interest expense | (2,824) | $ (3,582) | (4,357) | $ (4,095) |
| Change in fair value of contingent consideration | 20,959 | 3,123,766 | ||
| Share in losses on investment in joint venture | (30,088) | (97,949) | ||
| Interest income | $ 796 | $ 401 | 1,666 | $ 614 |
| Royalty income | $ 35,813 | |||
| Other income | $ 7,509 | $ 7,509 | ||
| Total Other Income (Expense) | $ (11,157) | 4,328 | $ 3,058,939 | 4,028 |
| LOSS FROM OPERATIONS BEFORE INCOME TAXES | $ (3,345,997) | $ (2,050,632) | $ (11,287,502) | $ (6,040,808) |
| PROVISION FOR INCOME TAXES | ||||
| NET LOSS | $ (3,345,997) | $ (2,050,632) | $ (11,287,502) | $ (6,040,808) |
| BASIC AND DILUTED LOSS PER SHARE (in dollars per share) | $ (0.11) | $ (0.09) | $ (0.41) | $ (0.28) |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||||
| BASIC AND DILUTED (in shares) | 30,323,206 | 23,486,785 | 27,757,415 | 21,199,929 |
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- Definition The fair value adjustment for contingent consideration during period. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. 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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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Ancillary revenue earned during the period from the consideration paid to the entity for the use of its rights and property by another party. Examples include licensing the use of copyrighted materials and leasing the extraction of natural resources. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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