INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2014

The principal components of the Company's net deferred tax assets consisted of the following at September 30:

	2014		2013
Net operating loss carryforwards	$	2,731,492	$	1,332,955
Capitalized expenditures		381,872		-
Research and experimentation credit carryforwards		63,368		32,559
Stock based compensation		501,175		115,171
Fixed assets		1,568		7,492
Accrued expenses		46,230		35,744
Gross deferred tax assets		3,725,705		1,523,921
Deferred tax asset valuation allowance		(3,725,705)		(1,523,921)

Net deferred tax assets	$	-	$	-