8% CONVERTIBLE NOTES (Tables)
|9 Months Ended|
Jun. 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 $0 and $142,964 for the three and nine months ended June 30, 2016, respectively, and due to the change in the estimated fair value of the derivative liability we recorded other income of $0 and $192,128 for the three and nine months ended June 30, 2016, respectively.
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