SUMMARY OF SIGNIFICANT POLICIES (Details 1) - USD ($) |
12 Months Ended | |
|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
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| Numerator: | ||
| Net (loss) income | $ (3,554,914) | $ 515,518 |
| Preferred stock dividends | (79,561) | (79,561) |
| Net (Loss) Income attributable to common shareholders | $ (3,634,475) | $ 435,957 |
| Denominator: | ||
| Weighted average number of common shares outstanding - basic | 42,544,443 | 39,987,080 |
| Effect of dilutive securities: | ||
| Convertible debt | 0 | 200,000 |
| Total dilutive shares | 0 | 1,260,814 |
| Weighted average number of common shares outstanding - diluted | 42,544,443 | 41,247,894 |
| (Loss) Earnings per share: | ||
| Basic | $ (0.09) | $ 0.01 |
| Diluted | $ (0.09) | $ 0.01 |
| Series A Convertible Preferred Stock [Member] | ||
| Numerator: | ||
| Net (loss) income | $ 0 | $ 0 |
| Effect of dilutive securities: | ||
| Convertible preferred stock | 0 | 667,169 |
| Series A1 Convertible Preferred Stock [Member] | ||
| Numerator: | ||
| Net (loss) income | $ 0 | $ 0 |
| Effect of dilutive securities: | ||
| Convertible preferred stock | 0 | 393,645 |
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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