NATURE OF OPERATIONS (Details Narrative) |
6 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Feb. 23, 2017
USD ($)
$ / shares
shares
|
Dec. 06, 2016
$ / shares
shares
|
Sep. 21, 2016
$ / shares
shares
|
Sep. 21, 2016
$ / shares
shares
|
Aug. 24, 2016 |
Mar. 31, 2017
USD ($)
$ / shares
shares
|
Mar. 20, 2017
USD ($)
Number
$ / shares
shares
|
Mar. 31, 2016
USD ($)
|
Sep. 30, 2016
$ / shares
shares
|
|
Reverse stock-split |
1-for-200 |
1-for-200 |
1-for-200 |
Approved a 1-for-200 reverse stock-split which was effected on September 21, 2016. |
|||||
Common stock, par value (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||
Common stock, issued | 200 | 200 | 2,528,061 | 1,941,061 | |||||
Common stock, outstanding | 200 | 200 | 2,528,061 | 1,941,061 | |||||
Proceeds from issuance of private placement | $ | $ 2,981,300 | ||||||||
Common shares issued | $ | 2,981,300 | ||||||||
Estimated Expenses | $ | $ 5,930,000 | ||||||||
Eleven Accredited Investors [Member] | Private Placement [Member] | |||||||||
Common stock purchase price (in dollars per share) | $ / shares | $ 6.25 | ||||||||
Proceeds from issuance of private placement | $ | $ 2,981,250 | ||||||||
Number of accredited investors | Number | 13 | ||||||||
Number of common stock issued | 477,000 | ||||||||
Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | |||||||||
Number of common shares purchased | 10,000,000 | ||||||||
Agreement term | 30 months | ||||||||
Common stock purchase price (in dollars per share) | $ / shares | $ 7.25 | $ 0.50 | |||||||
Description of purchase notice |
Amount equal to 50,000 shares and the closing sale price of the Company's stock is greater than $0.50 per share, the Company also has the right, in its sole discretion, to present Aspire Capital with a volume-weighted average price purchase notice (each, a “VWAP Purchase Notice”) directing Aspire Capital to purchase an amount of stock equal to up to 30% of the aggregate shares of the Company’s common stock traded on its principal market on the next trading day (the “VWAP Purchase Date”), subject to a maximum number of shares the Company may determine. The purchase price per share pursuant to such VWAP Purchase Notice is generally 95% of the volume-weighted average price for the Company’s common stock traded on its principal market on the VWAP Purchase Date. |
||||||||
Proceeds from issuance of private placement | $ | $ 145,000 | ||||||||
Common shares issued | $ | $ 145,000 | ||||||||
Number of common stock issued | 20,000 | ||||||||
Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | Commitment Shares [Member] | |||||||||
Number of common shares purchased | 80,000 | ||||||||
Maximum [Member] | |||||||||
Reverse stock-split |
1-for-200 |
||||||||
Maximum [Member] | Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | |||||||||
Number of shares sold per day | 50,000 |