LOSS PER SHARE (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
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| Net Loss for computation of basic and diluted net loss per share: | ||
| Net loss | $ (5,940,900) | $ (3,379,400) |
| Basic and Diluted net loss per share: | ||
| Basic net loss per share (in dollars per share) | $ (9.26) | $ (6.64) |
| Basic and Diluted weighted average shares outstanding (in shares) | 641,844 | 509,066 |
| Convertible Debt [Member] | ||
| Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | ||
| Anti-dilutive common equivalent shares | 1,441,344 | 50,348 |
| Options [Member] | ||
| Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | ||
| Anti-dilutive common equivalent shares | 74,588 | 63,634 |
| Warrants [Member] | ||
| Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | ||
| Anti-dilutive common equivalent shares | 3,484 | 4,132 |
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- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. 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 Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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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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