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COMMON STOCK, STOCK OPTIONS AND WARRANTS (Tables)

6 Months Ended

12 Months Ended

Mar. 31, 2017

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 September 30, 2016			582,185			$	8.11			8.59 years		$	1,355,924
Granted			8,666				10.05
Exercised			—				—
Forfeited or expired			—				—
Outstanding at March 31, 2017			590,851			$	8.14			8.12 years		$	436,911
Exercisable at March 31, 2017			376,489			$	6.49			7.66 years			427,036

Options		Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2014			-			$	-
Granted			220,000				6.75
Exercised			-				-
Forfeited or expired			-				-
Outstanding at September 30, 2014			220,000				6.75			9.96 years		$	495,000
Granted			40,000				9.00
Exercised			-				-
Forfeited or expired			-				-
Outstanding at September 30, 2015			260,000				7.10			8.94 years		$	297,000
Granted			244,933				11.41
Assumed in acquisition			77,252				1.08
Exercised			-				-
Forfeited or expired			-				-
Outstanding at September 30, 2016			582,185			$	8.11			8.59 years		$	1,355,924
Exercisable at September 30, 2016			342,444			$	6.74			8.14 years		$	1,059,615

Schedule of Warrants

		Exercise price				Number				Expiration Dates
Investor Warrants		$	9.00				226,671			September 12, 2019
Placement Agent Unit Warrants			9.00				45,334			September 12, 2019
Warrants underlying Placement Agent Unit Warrants			9.00				45,334			September 12, 2019
Placement Agent Share Warrants			9.00				66,667			September 12, 2019
Investor Warrants			9.00				143,025			March 19, 2020 – June 26, 2020
Investor Warrants			9.00				59,444			July 2, 2020 – September 14, 2020
Investor Warrants			9.00				38,889			November 5, 2020 – November 20, 2020
Investor Warrants			9.00				142,222			January 7, 2021 – March 21, 2021
Investor Warrants			9.00				126,667	(1)		April 15, 2021 – April 25, 2021
LMB Warrants			6.15				90,151			June 12, 2019 - March 2, 2021
LMB Warrants			9.90				8,155			September 30, 2019 - January 8, 2020
LMB Warrants			20.70				17,721			November 3, 2019 - March 6, 2020
LMB Warrants			7.50				73,883			August 18, 2020 – March 14, 2021
LMB Warrants			13.65				53,110			March 24, 2022 – April 29, 2022
Financial Advisor Warrants			3.00				66,667			August 15, 2021
2016 Offering Warrants			8.25				128,017			November 23, 2021 - February 27, 2022
2016 Offering Placement Agent Warrants			8.25				12,802			November 23, 2021 - February 27, 2022
							1,344,759

		Exercise price				Number				Expiration Dates
Investor Warrants		$	9.00				226,671			September 12, 2019
Placement Agent Unit Warrants			9.00				45,334			September 12, 2019
Warrants underlying Placement Agent Unit Warrants			9.00				45,334			September 12, 2019
Placement Agent Share Warrants			9.00				66,667			September 12, 2019
Investor Warrants			9.00				143,025			March 19, 2020 - June 26, 2020
Investor Warrants			9.00				59,444			July 2, 2020 - September 14,2020
Investor Warrants			9.00				38,889	(1)		November 5, 2020 - November 20, 2020
Investor Warrants			9.00				142,222	(1)		January 7, 2021 - March 21, 2021
Investor Warrants			9.00				126,667	(1)		April 15, 2021 - April 25, 2021
LMB Warrants			6.15				90,151			June 12, 2019 - March 2, 2021
LMB Warrants			9.90				8,155			September 30, 2019 - January 8, 2020
LMB Warrants			20.70				17,721			November 3, 2019 - March 6, 2020
LMB Warrants			7.50				73,883			August 18, 2020 - March 14, 2021
LMB Warrants			13.65				53,110			March 24, 2022 - April 29, 2022
Financial Advisor Warrants			3.00				66,667			August 15, 2021
							1,203,940

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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)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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