2017 REGISTERED DIRECT OFFERING (Tables) - REGISTERED DIRECT OFFERING 2017 [Member] |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation |
Given that the fair value of the derivative liabilities were less than the total proceeds of the 2017 Financing of $6,099,998, the remaining proceeds of $3,103,888 were allocated to the Common Stock and additional paid in capital. During the three and nine months ended June 30, 2017, $65,326 and $426,832 was recorded to Decrease to fair value of derivative, respectively.
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Schedule of Assumptions Used to Value Derivative Liability |
The derivative liabilities were valued as of February 24, 2017 and June 30, 2017 using the Black Scholes Model with the following assumptions:
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