Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
9 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets at June 30, 2015 and September 30, 2014, consist of:

 

    June 30, 
2015
  September 30,
2014
License rights   $ 17,712,991     $ 17,712,991  
Patent costs     200,000       800,000  
      17,912,991       18,512,991  
Accumulated amortization     (1,297,374 )     (702,591 )
Total intangible assets, net   $ 16,615,617     $ 17,810,400