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STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
GRANT INCOME AND OTHER     $ 51,822 $ 183,726
OTHER INCOME $ 17,389 $ 129,975    
OPERATING EXPENSES:        
Research and development 3,180,401 4,361,509 13,307,275 13,206,400
General & administrative 1,595,707 1,674,614 4,347,830 3,987,011
Total operating expenses 4,776,108 6,036,123 17,655,105 17,193,411
OPERATING LOSS (4,758,719) (5,906,148) (17,603,283) (17,009,685)
GAIN ON DERIVATIVE INSTRUMENTS 790,365 2,508,744 9,669,977 8,037,974
INTEREST EXPENSE, NET (495,709) (464,202) (1,436,095) (1,412,691)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (4,464,063) $ (3,861,606) $ (9,369,401) $ (10,384,402)
NET LOSS PER COMMON SHARE        
BASIC     $ (1.29) $ (2.21)
DILUTED     $ (1.34) (2.21)
BASIC and DILUTED $ (0.53) $ (0.78)   $ (2.21)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
BASIC     7,235,140 4,696,498
DILUTED     7,292,715 4,696,498
BASIC AND DILUTED 8,405,790 4,965,300