XML 53 R40.htm IDEA: XBRL DOCUMENT
v2.4.1.9

SALE OF PREFERRED SHARES AND WARRANTS (Fair Value Assumptions) (Details) (Derivative Financial Instruments, Liabilities [Member], USD $) | 0 Months Ended | 12 Months Ended
--- | --- | ---
May 11, 2011 | Sep. 30, 2014 | Sep. 30, 2013
Class A Warrant [Member] |  |  |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] |  |  |
Risk-free interest rate | 1.87%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | 0.41%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | 0.51%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember
Dividend yield | 0.00%us-gaap_FairValueAssumptionsExpectedDividendRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | 0.00%us-gaap_FairValueAssumptionsExpectedDividendRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | 0.00%us-gaap_FairValueAssumptionsExpectedDividendRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember
Volatility of the Company's common stock | 106.91%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | 63.58%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | 71.15%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember
Expected life of the options | 5 years | 1 year 7 months 6 days | 2 years 7 months 6 days
Fair value per unit | $ 1.433 us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | $ 0.846 us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember | $ 0.444 us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassAWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember
Class B Warrant [Member] |  |  |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] |  |  |
Risk-free interest rate | 0.18%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassBWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |  |
Dividend yield | 0.00%us-gaap_FairValueAssumptionsExpectedDividendRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassBWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |  |
Volatility of the Company's common stock | 116.01%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassBWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |  |
Expected life of the options | 1 year |  |
Fair value per unit | $ 0.779 us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue / us-gaap_ClassOfWarrantOrRightAxis = basi_ClassBWarrantMember / us-gaap_FairValueByLiabilityClassAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember |  |

X
- Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssumptionsExpectedDividendRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssumptionsExpectedTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssumptionsExpectedVolatilityRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Risk-free interest rate assumption used in valuing an instrument. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssumptionsRiskFreeInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration