Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Jun. 30, 2016
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 June 30, 2016 and September 30, 2015, on a recurring basis:

 

Assets and liabilities measured at fair value on a recurring basis at June 30, 2016   Level 1     Level 2     Level 3     Total
Carrying
Value		  
Contingent stock consideration   $ —     $ —     $ 1,535,237     $ 1,535,237  
    $ —     $ —     $ 1,535,237     $ 1,535,237  

                 
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 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

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     1,356,770  
Total Level 3 assets and liabilities at June 30, 2016   $ 1,535,237