COMMON STOCK OPTIONS (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | |
|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2016 |
Sep. 30, 2015 |
|
| Compensation expense related to options granted | $ 610,822 | $ 2,335,197 | |
| Unamortized option expense | 3,311,810 | 3,311,810 | |
| Intrinsic value of awards | $ 343,334 | $ 343,334 | |
| Fair Value assumptions: | |||
| Stock price | $ 3.36 | $ 3.36 | $ 3.33 |
| Stock Option [Member] | |||
| Fair Value assumptions: | |||
| Dividend yield | 0.00% | ||
| Average vesting period | 10 months 27 days | ||
| Percent of options vested at date of grant | 36.30% | ||
| Stock Option [Member] | Lower Range [Member[ | |||
| Fair Value assumptions: | |||
| Stock price | 3.23 | $ 3.23 | |
| Expected term | 2 years 9 months | ||
| Exercise Price | 3.23 | $ 3.23 | |
| Risk free interest rate | 1.04% | ||
| Volatility rate | 103.00% | ||
| Stock Option [Member] | Upper Range [Member] | |||
| Fair Value assumptions: | |||
| Stock price | 5.14 | $ 5.14 | |
| Expected term | 3 years 3 months | ||
| Exercise Price | $ 5.14 | $ 5.14 | |
| Risk free interest rate | 1.31% | ||
| Volatility rate | 108.00% |
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- Definition The average vesting period for stock options granted. No definition available.
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- Definition The percentage of stock options vested at date of grant. No definition available.
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- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Definition Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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