Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Dec. 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 December 31, 2015 and September 30, 2015, on a recurring basis:

Assets and liabilities measured at fair value on a recurring basis at December 31, 2015   Level 1   Level 2   Level 3   Total
Carrying Value
Contingent stock consideration   $ —     $ —     $ 2,736,016     $ 2,736,016  
    $ —     $ —     $ 2,736,016     $ 2,736,016  
                 
Assets and liabilities measured at fair value on a recurring basis at September 30, 2015   Level 1   Level 2   Level 3   Total
Carrying Value
Contingent stock consideration   $ —     $ —       2,239,603     $ 2,239,603  
    $ —     $ —       2,239,603     $ 2,239,603  
                                                   
Schedule of fair value of financial instruments by caption on balance sheet

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the financial instruments, measured at fair value on a recurring basis using significant unobservable inputs:

Level 3 Reconciliation:   Contingent  
Stock  
Consideration
Level 3 assets and liabilities at September 30, 2015   $ 2,239,603  
Purchases, sales, issuances and settlements (net)     (2,061,136 ) 
Mark to market adjustments     2,557,549  
Total Level 3 assets and liabilities at December 31, 2015    $ 2,736,016