XML 69 R58.htm IDEA: XBRL DOCUMENT v3.5.0.2
AGREEMENT AND PLAN OF MERGER (Details)
Jun. 29, 2016
Apr. 27, 2016
USD ($)
director
$ / shares
Jun. 30, 2016
director
$ / shares
Sep. 30, 2015
$ / shares
Business Acquisition [Line Items]        
Common stock, par value (in dollars per share) | $ / shares   $ 0.02 $ 0.02 $ 0.02
Termination fee | $   $ 1,820,281    
Exercise price of warrants (in dollars per share) | $ / shares     $ 5.00  
Number of members on board of directors     11  
Co-Executive Chairman        
Business Acquisition [Line Items]        
Co-Executive Chairman Compensation Plan, extension term 30 days      
Fortress        
Business Acquisition [Line Items]        
Termination fee | $   4,375,000    
National Holdings Corporation and Fortress Biotech, Inc        
Business Acquisition [Line Items]        
Termination fee | $   $ 750,000    
Merger Condition Not Satisfied        
Business Acquisition [Line Items]        
Duration of warrants   5 years    
Exercise price of warrants (in dollars per share) | $ / shares   $ 3.25    
Duration to distribute warrants to stockholders   90 days    
Number of members on board of directors   7    
Merger Condition Not Satisfied | Fortress        
Business Acquisition [Line Items]        
Number of members to appoint to board of directors   5    
Merger Condition Satisfied        
Business Acquisition [Line Items]        
Number of members on board of directors   5    
Merger Condition Satisfied | Fortress        
Business Acquisition [Line Items]        
Number of members to appoint to board of directors   3    
Merger Closed | Fortress        
Business Acquisition [Line Items]        
Number of members to appoint to board of directors   2    
National Holdings Corporation | Fortress        
Business Acquisition [Line Items]        
Merger Tender Offer, duration to complete after FINRA declares application   30 days    
Share price for acquisition (in dollars per share) | $ / shares   $ 3.25    
Percentage of shares required to hold (at least)   80.00%