Annual report pursuant to Section 13 and 15(d)

LOSS PER SHARE (Tables)

v3.8.0.1
LOSS PER SHARE (Tables)
 12 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of earnings per share

A summary of the net income (loss) and shares used to compute net income (loss) per share for the fiscal years ended September 30, 2017 and 2016 is as follows:  

 

    2017     2016  
Net Loss for computation of basic and diluted net loss per share:                
Net loss   $ (7,112,800 )   $ (5,940,900 )
Basic and Diluted net loss per share:                
Basic net loss per share   $ (2.52 )   $ (9.26 )
                 
Basic and Diluted weighted average shares outstanding     2,817,415       641,844  
                 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                
Convertible debt     —       1,441,344  
Warrants     957,198       3,484  
Restricted Common Stock     4,500       —  
Options     359,704       74,588