Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details)

v3.7.0.1
RELATED PARTY TRANSACTIONS (Details)
 9 Months Ended
Jun. 30, 2017
USD ($)
shares
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 5,300,000
Interest Earned At conversion $ 267,600
Shares Issued on conversion | shares 1,073,531
RSJ (Michal Votruba) [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 2,100,000 [1]
Interest Earned At conversion $ 122,200 [1]
Shares Issued on conversion | shares 444,454 [1]
John Pappajohn [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 1,600,000 [2]
Interest Earned At conversion $ 52,500 [2]
Shares Issued on conversion | shares 290,498 [2]
Thomas Tierney (Tierney Family Trust) [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 640,000 [3]
Interest Earned At conversion $ 46,600 [3]
Shares Issued on conversion | shares 137,328 [3]
Robert Follman (Follman Family Trust) [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 550,000 [4]
Interest Earned At conversion $ 20,400 [4]
Shares Issued on conversion | shares 114,074 [4]
Mr. Robin L. Smith, M.D [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 100,000 [5]
Interest Earned At conversion $ 3,900 [5]
Shares Issued on conversion | shares 20,776 [5]
Geoffrey E. Harris [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 10,000 [6]
Interest Earned At conversion $ 300 [6]
Shares Issued on conversion | shares 2,058 [6]
Mr. George Carpenter [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 100,000 [7]
Interest Earned At conversion $ 1,300 [7]
Shares Issued on conversion | shares 20,254 [7]
Oman Ventures [Member]  
Related Party Transaction [Line Items]  
Principal Investment in Convertible Notes $ 200,000 [8]
Interest Earned At conversion $ 20,400 [8]
Shares Issued on conversion | shares 44,089 [8]
[1] RSJ PE is a greater than 10% shareholder. Michal Votruba, a Director for Life Sciences for the RSJ/Gradus Fund, joined our Board on July 30, 2015.
[2] John Pappajohn is a member of the Board. He purchased $1,600,000 of Notes of which $200,000 were assigned to four accredited investors on September 6, 2015. Approximately $10,400 of the total interest was attributable to such transferred Notes, resulting in an aggregate of 42,084 shares being issued upon the conversion of such transferred Notes.
[3] Thomas Tierney is a trustee of the Tierney Family Trust. Mr. Tierney was a member of our Board between September 2016 and July 2017, and prior to that, between February 2013 and May 2015. The Tierney Family Trust is a greater than 5% shareholder of the Company.
[4] Robert Follman is a trustee of the Follman Family Trust and was a member of the Board through July 2017.
[5] Dr. Robin Smith is the Chairman of the Board.
[6] Geoffrey Harris is a member of the Board and Chairman of the Audit Committee.
[7] George Carpenter is the CEO of the Company.
[8] Mark & Jill Oman are the beneficial owners of Oman Ventures and were greater than 5% shareholders of the Company.