STOCKHOLDERS' EQUITY (Tables)
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9 Months Ended |
Jun. 30, 2015 |
Class of Stock [Line Items] |
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Dividends Preferred Stock [Table Text Block] |
Dividend charges recorded during the three months and nine months ended June 30, 2015 and 2014 are as follows: | For the Three Months Ended | | For the Nine Months Ended | | | June 30, | | June 30, | | | 2015 | | 2014 | | 2015 | | 2014 | | Series | | | | | | | | | | | | | A | $ | 12,510 | | | 12,510 | | | 37,531 | | | 37,531 | | A-1 | | 7,379 | | | 7,379 | | | 22,139 | | | 22,139 | | B | | - | | | - | | | - | | | - | | C-1 | | - | | | - | | | - | | | - | | C-2 | | - | | | - | | | - | | | - | | C-3 | | - | | | - | | | - | | | - | | Total | $ | 19,889 | | $ | 19,889 | | $ | 59,670 | | $ | 59,670 | |
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Schedule of Accrued Liabilities [Table Text Block] |
Accrued dividends payable at June 30, 2015 and September 30, 2014 are comprised of the following: | June 30, | | September 30, | | | | 2015 | | 2014 | | | Series | | | | | | | | A | $ | 234,628 | | $ | 197,098 | | | A-1 | | 176,723 | | | 154,583 | | | B | | 187,197 | | | 187,197 | [1] | | C-1 | | 56,743 | | | 56,743 | | | C-2 | | 13,962 | | | 13,962 | | | C-3 | | 15,834 | | | 15,834 | | | Total | $ | 685,087 | | $ | 625,417 | | | [1] Prior to conversion to Series D.
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Schedule Of Share Based Compensation warrants Authorized By Exercise Price Range [Table Text Block] |
The following table presents information related to stock warrants at June 30, 2015: Warrants Outstanding | | Warrants Exercisable | | | | | | | | Weighted | | | | | | | | Outstanding | | Average | | Exercisable | | Exercise | | Number of | | Remaining | | Number of | | Price | | Warrants | | Life in Years | | Warrants | | | | | | | | | | | | | | $ | 0.40 | | | 449,999 | | | 0.5 | | | 449,999 | | $ | 0.75 | | | 175,000 | | | 0.7 | | | 175,000 | | $ | 1.00 | | | 120,000 | | | 0.6 | | | 120,000 | | | | | | 744,999 | | | 0.6 | | | 744,999 | |
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Warrant [Member] |
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Class of Stock [Line Items] |
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Schedule of Share-based Compensation, Activity [Table Text Block] |
A summary of the warrant activity during the nine months ended June 30, 2015 is presented below:
| | | | | Weighted | | Weighted | | | | | | | | | | Average | | Average | | | | | | | Number of | | Exercise | | Remaining | | Intrinsic | | | | Warrants | | Price | | Life in Years | | Value | | Outstanding, September 30, 2014 | | | 2,918,254 | | $ | 0.89 | | | | | | | | Issued | | | - | | | - | | | | | | | | Exercised | | | - | | | - | | | | | | | | Expired | | | (2,173,255) | | | 1.00 | | | | | | | | Outstanding, June 30, 2015 | | | 744,999 | | $ | 0.58 | | | 0.60 | | $ | - | | | | | | | | | | | | | | | | Exercisable, June 30, 2015 | | | 744,999 | | $ | 0.58 | | | 0.6 | | | - | |
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