8% CONVERTIBLE NOTES (Tables)
|12 Months Ended|
Sep. 30, 2016
|Debt Disclosure [Abstract]|
|Schedule of Derivative Liabilities at Fair Value||
As a result of the conversion of notes we recorded other income of $142,964 for the year ended September 30, 2016 and due to the change in the estimated fair value of the derivative liability we recorded other income of $192,128 for the year ended September 30, 2016. As a result of a change in the estimated fair value of the derivative liability we recorded other expense of $67,395 and a gain on the conversion of notes of $87,291 for the year ended September 30, 2015.
Fair Value Measurements Using Significant Unobservable
|Schedule of Assumptions Used||
The derivative liability was valued as of September 30, 2015, October 29, 2015 (weighted average conversion date) and December 31, 2015 using Monte Carlo Simulations with the following assumptions:
Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef