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15. QUARTERLY INFORMATION (UNAUDITED) | 12 Months Ended
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Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract] |
15. QUARTERLY INFORMATION (UNAUDITED) | The following quarterly data are derived from the Company’s statements of operations. Financial Data
Fiscal 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended December 31, 2014 |  |  | Three months ended March 31, 2015 |  |  | Three months ended June 30, 2015 |  |  | Three months Ended September 30, 2015 |  |  | Year ended September 30, 2015 |
Grant income and other |  | $ | 136,838 |  |  | $ | 197,620 |  |  | $ | 389,223 |  |  | $ | (66,304 | ) |  | $ | 657,377 |
Operating expenses |  |  | 10,132,579 |  |  |  | 7,956,963 |  |  |  | 8,590,698 |  |  |  | 8,273,682 |  |  |  | 34,953,922 |
Non-operating (expense) income, net |  |  | (12,547 | ) |  |  | (14,097 | ) |  |  | (15,166 | ) |  |  | 22,369 |  |  |  | (19,441 | )
Gain (loss) on derivative instruments |  |  | 2,162,970 |  |  |  | (4,782,796 | ) |  |  | 4,428,780 |  |  |  | (1,526,338 | ) |  |  | 282,616 |
Loss on debt extinguishment |  |  | - |  |  |  | - |  |  |  | (641,276 | ) |  |  | - |  |  |  | (641,276 | )
Net loss available to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
common shareholders |  | $ | (7,845,318 | ) |  | $ | (12,556,236 | ) |  | $ | (4,429,137 | ) |  | $ | (9,843,955 | ) |  | $ | (34,674,646 | )
Net loss per share-basic |  | $ | (0.11 | ) |  | $ | (0.17 | ) |  | $ | (0.05 | ) |  | $ | (0.10 | ) |  | $ | (0.42 | )
Net loss per share-diluted |  | $ | (0.14 | ) |  | $ | (0.17 | ) |  | $ | (0.06 | ) |  | $ | (0.10 | ) |  | $ | (0.42 | )
Weighted average shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 73,260,783 |  |  |  | 75,847,869 |  |  |  | 83,796,311 |  |  |  | 97,040,004 |  |  |  | 82,519,027 |
Diluted |  |  | 73,260,783 |  |  |  | 75,847,869 |  |  |  | 85,134,107 |  |  |  | 97,040,004 |  |  |  | 82,519,027 |
Fiscal 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended December 31, 2013 |  |  | Three months ended March 31, 2014 |  |  | Three months ended June 30, 2014 |  |  | Three months Ended September 30, 2014 |  |  | Year ended September 30, 2014 |  |
Grant income and other |  | $ | 113,144 |  |  | $ | 67,157 |  |  | $ | 15,914 |  |  | $ | 67,818 |  |  | $ | 264,033 |  |
Operating expenses |  |  | 6,047,454 |  |  |  | 6,293,592 |  |  |  | 6,917,243 |  |  |  | 8,579,856 |  |  |  | 27,838,145 |  |
Non-operating expenses, net |  |  | (10,925 | ) |  |  | (6,797 | ) |  |  | (10,927 | ) |  |  | (12,271 | ) |  |  | (40,920 | ) |
Gain (loss) on derivative instruments |  |  | 1,610,817 |  |  |  | (7,132,348 | ) |  |  | 4,467,776 |  |  |  | 1,302,522 |  |  |  | 248,767 |  |
Net loss |  |  | (4,334,418 | ) |  |  | (13,365,580 | ) |  |  | (2,444,480 | ) |  |  | (7,221,787 | ) |  |  | (27,366,265 | ) |
Issuance of shares due to reset provisions |  |  | (1,117,447 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,117,447 | )
Net loss available to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
common shareholders |  | $ | (5,451,865 | ) |  | $ | (13,365,580 | ) |  | $ | (2,444,480 | ) |  | $ | (7,221,787 | ) |  | $ | (28,483,712 | )
Net loss per share-basic |  | $ | (0.11 | ) |  | $ | (0.24 | ) |  | $ | (0.04 | ) |  | $ | (0.11 | ) |  | $ | (0.48 | )
Net loss per share-diluted |  | $ | (0.15 | ) |  | $ | (0.24 | ) |  | $ | (0.11 | ) |  | $ | (0.13 | ) |  | $ | (0.49 | )
Weighted average shares-basic and diluted |  |  | 48,215,919 |  |  |  | 56,239,562 |  |  |  | 64,664,274 |  |  |  | 66,091,826 |  |  |  | 58,804,622 |
The Company has experienced large swings in its quarterly gains and losses in 2015 and 2014 caused by the changes in the fair value of warrants each quarter.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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