INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2015

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

	2015		2014
Net operating loss carryforwards	$	3,748,426	$	2,731,492
Capitalized expenditures		802,769		381,872
Research and experimentation credit carryforwards		164,252		63,368
Stock based compensation		1,014,654		501,175
Property and Equipment		1,569		1,568
Accrued expenses		124,716		46,230
Gross deferred tax assets		5,856,386		3,725,705
Deferred tax asset valuation allowance		(5,856,386)		(3,725,705)

Net deferred tax assets	$	-	$	-