Common Stock, Stock Options and Warrants (Tables)

3 Months Ended

Dec. 31, 2017

Common Stock, Stock Options and Warrants [Abstract]

Options	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at October 1, 2017		861,039	$	6.69	8.37 years	$	208,151
Granted		—		—
Exercised		—		—
Forfeited or expired		—		—
Outstanding at December 31, 2017		861,039	$	6.69	8.12 years	$	347,559
Exercisable at December 31, 2017		524,598	$	7.76	7.24 years	$	251,308

Schedule of warrants outstanding

	Exercise price		Number		Expiration Dates
Investor Warrants	$	9.00		226,671	September 12, 2019
Placement Agent Unit Warrants		9.00		90,668	September 12, 2019
Placement Agent Share Warrants		9.00		66,667	September 12, 2019
Investor Warrants		9.00		202,469	March 19, 2020 – September 14, 2020
Investor Warrants		9.00		307,778	November 5, 2020 – 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		25,833	August 15, 2021
2016 Offering Warrants		4.125		128,017	November 23, 2021 – February 27, 2022
2016 Offering Placement Agent Warrants		4.125		12,802	November 23, 2021 – February 27, 2022
Convertible Note Warrants		9.75		40,436	September 12, 2019
2017 Public Offering Warrants		4.125		1,622,989	August 2, 2022
2017 Public Offering Underwriter Warrants		4.5375		65,940	February 2, 2023
2017 Registered Direct/Private Placement Offering Investor Warrants		4.63		640,180	June 19, 2023
2017 Registered Direct/Private Placement Offering Placement Agent Warrants		5.8656		89,625	December 19, 2022
				3,763,095

Summary of common stock reserved for future issuances

	December 31, 2017		September 30, 2017
2014 Stock Incentive Plan options outstanding		861,039		861,039
2014 Stock Incentive Plan available for future grants		799		799
Warrants outstanding		3,763,095		3,346,891
Unit purchase options outstanding		201,334		201,334
Total		4,826,267		4,410,063

- Definition

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 + Details