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16. QUARTERLY INFORMATION (UNAUDITED) | 12 Months Ended
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Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract] |
16. QUARTERLY INFORMATION (UNAUDITED) | The following quarterly data are derived from the Company’s restated statement of operations. See Note 17 for information concerning the Restatement of the Company’s financial statements. Financial Data Fiscal 2016 (restated)
| Three months ended December 31, 2015 |  | Three months ended March 31, 2016 |  | Three months ended June 30, 2016 |  | Three months ended September 30, 2016 |  | Year ended September 30, 2016
Grant and other income | $ 20,976 |  | $ 32,775 |  | $ 129,975 |  | $ 101,329 |  | $ 285,055
Operating expenses | 5,327,509 |  | 5,829,779 |  | 6,036,123 |  | 6,738,472 |  | 23,931,883
Non-operating (expenses) income, net | (483,693) |  | (464,796) |  | (464,202) |  | (466,699) |  | (1,879,390)
Gain (loss) on derivatives | 8,122,960 |  | (2,593,730) |  | 2,508,744 |  | 5,975,752 |  | 14,013,726
Net income (loss) available to common shareholders | $ 2,332,734 |  | $ (8,855,530) |  | $ (3,861,606) |  | $ (1,128,090) |  | $ (11,512,492)
EPS (LPS) - basic and diluted | $ 0.53 |  | $ (1.87) |  | $ (0.78) |  | $ (0.21) |  | $ (2.37)
Weighted average shares: |  |  |  |  |  |  |  |  |
Basic | 4,390,740 |  | 4,736,809 |  | 4,965,300 |  | 5,371,635 |  | 4,866,204
Diluted | 4,465,591 |  | 4,736,809 |  | 4,965,300 |  | 5,371,635 |  | 4,866,204
Fiscal 2015 (restated)
| 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 and other income | $ 136,838 |  | $ 197,620 |  | $ 389,223 |  | $ (66,304) |  | $ 657,377
Operating expenses | 9,655,979 |  | 7,480,363 |  | 8,114,099 |  | 7,797,084 |  | 33,047,525
Non-operating (expenses) income, net | (490,812) |  | (494,156) |  | (497,040) |  | (482,213) |  | (1,964,221)
Gain (loss) on derivatives | 2,162,970 |  | (4,782,796) |  | 4,428,780 |  | (1,526,338) |  | 282,616
Loss on debt extinguishment | - |  | - |  | (620,457) |  | - |  | (620,457)
Net loss available to common shareholders | $ (7,846,983) |  | $ (12,559,695) |  | $ (4,413,593) |  | $ (9,871,939) |  | $ (34,692,210)
LPS - basic | $ (2.68) |  | $ (4.14) |  | $ (1.32) |  | $ (2.54) |  | $ (10.51)
LPS - diluted | $ (3.42) |  | $ (4.14) |  | $ (1.62) |  | $ (2.54) |  | $ (10.51)
Weighted average shares: |  |  |  |  |  |  |  |  |
Basic | 2,930,431 |  | 3,033,915 |  | 3,351,852 |  | 3,881,600 |  | 3,300,761
Diluted | 2,930,431 |  | 3,033,915 |  | 3,405,364 |  | 3,881,600 |  | 3,300,761
The Company has experienced large swings in its quarterly gains and losses caused by the changes in the fair value of warrants each quarter. The results of the restatement did not impact loss per share for any of the periods presented except for the effects of the 1:25 reverse stock split.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: 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=68064558&loc=d3e765-108305 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=68064558&loc=d3e725-108305 + Details
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