v2.4.1.9
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
 
 
Six Months Ended
 
Three Months Ended
 
 
 
March 31
 
March 31
 
 
 
2015
 
2014
 
2015
 
2014
 
Basic
 
 
 
 
 
 
 
 
 
Net Income (loss)
 
$
(15,173,256)
 
$
5,283,631
 
$
(2,793,785)
 
$
7,126,190
 
Weighted average shares outstanding
 
 
16,650,151
 
 
8,125,029
 
 
18,231,253
 
 
8,225,816
 
Earnings (loss) per share of common stock
 
$
(0.91)
 
$
0.65
 
$
(0.15)
 
$
0.87
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assuming Dilution
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
(15,173,256)
 
$
5,283,631
 
$
(2,793,785)
 
$
7,126,190
 
Convertible note interest
 
 
-
 
 
625,267
 
 
-
 
 
316,069
 
Convertible note discount amortization
 
 
-
 
 
1,647,310
 
 
-
 
 
823,655
 
Change in fair value of convertible note BCF
 
 
-
 
 
(5,426,404)
 
 
-
 
 
(4,900,428)
 
Net Income (loss)
 
$
(15,173,256)
 
$
2,129,804
 
$
(2,793,785)
 
$
3,365,486
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average Shares
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
16,650,151
 
 
8,125,029
 
 
18,231,253
 
 
8,225,816
 
Dilutive securities issuable - stock plans
 
 
-
 
 
42,924
 
 
-
 
 
85,849
 
Dilutive securities issuable - convertible notes
 
 
-
 
 
4,762,246
 
 
-
 
 
4,836,924
 
Total weighted average shares outstanding
 
 
16,650,151
 
 
12,930,199
 
 
18,231,253
 
 
13,148,589
 
Earnings (loss) per share of common stock
 
$
(0.91)
 
$
0.16
 
$
(0.15)
 
$
0.26
 
Schedule of Derivative Liabilities Measured at Fair Value
The following table provides a reconciliation of the beginning and ending balances for the major classes of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) and reflects gains and losses for the six months and one year ended March 31, 2015 and September 30, 2014, respectively, for all financial assets and liabilities categorized as Level 3.
  
 
 
March 31, 2015
 
September 30, 2014
 
 
 
(Unaudited)
 
 
 
Liabilities:
 
 
 
 
 
 
 
Balance of derivative liabilities – beginning of period
 
$
659,016
 
$
11,767,504
 
Change in fair value of derivative liabilities
 
 
(538,896)
 
 
(11,108,488)
 
Balance of derivative liabilities – end of period
 
$
120,120
 
$
659,016