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COMMON STOCK, STOCK OPTIONS AND WARRANTS (Tables)

12 Months Ended

Sep. 30, 2016

Common Stock Stock Options And Warrants Tables

Schedule of fair value stock option grants

		Year Ended September 30, 2016				Year Ended September 30, 2015				Nine Months Ended September 30, 2014
Risk-free interest rate		0.95 – 1.40		%		1.37 – 1.52		%			1.83	%
Expected dividend yield			0	%			0	%			0	%
Expected term		4.75 – 9 years				2.5 – 6 years				5 – 6 years
Forfeiture rate			0	%			0	%			0	%
Expected volatility		57 – 74		%		53 – 58		%			54	%

Schedule of stock option activity

Options		Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2014			—			$	—
Granted			3,300,000				0.45
Exercised			—				—
Forfeited or expired			—				—
Outstanding at September 30, 2014			3,300,000				0.45			9.96 years		$	495,000
Granted			600,000				0.60
Exercised			—				—
Forfeited or expired			—				—
Outstanding at September 30, 2015			3,900,000				0.47			8.94 years		$	297,000
Granted			3,674,000				0.76
Assumed in acquisition			1,158,770				0.07
Exercised			—				—
Forfeited or expired			—				—
Outstanding at September 30, 2016			8,732,770			$	0.54			8.59 years		$	1,355,924
Exercisable at September 30, 2016			5,136,654			$	0.45			8.14 years		$	1,059,615

Schedule of Warrants

		Exercise price				Number				Expiration Dates
Investor Warrants		$	0.60				3,400,067			September 12, 2019
Placement Agent Unit Warrants			0.60				680,013			September 12, 2019
Warrants underlying Placement Agent Unit Warrants			0.60				680,013			September 12, 2019
Placement Agent Share Warrants			0.60				1,000,000			September 12, 2019
Investor Warrants			0.60				2,145,371			March 19, 2020 – June 26, 2020
Investor Warrants			0.60				891,666			July 2, 2020 – September 14,2020
Investor Warrants			0.60				583,334	(1)		November 5, 2020 – November 20, 2020
Investor Warrants			0.60				2,133,334	(1)		January 7, 2021 – March 21, 2021
Investor Warrants			0.60				1,900,000	(1)		April 15, 2021 – April 25, 2021
LMB Warrants			0.41				1,352,266			June 12, 2019 – March 2, 2021
LMB Warrants			0.66				122,319			September 30, 2019 – January 8, 2020
LMB Warrants			1.38				265,814			November 3, 2019 – March 6, 2020
LMB Warrants			0.50				1,108,249			August 18, 2020 – March 14, 2021
LMB Warrants			0.91				796,649			March 24, 2022 – April 29, 2022
Financial Advisor Warrants			0.20				1,000,000			August 15, 2021
							18,059,095

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Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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-Name Accounting Standards Codification
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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(i))
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