Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2014			2013
Tax rate		34%			34%
Net operating loss carry forwards	$	8,270,000		$	7,141,000
Research and development tax credits		745,000			705,000
Foreign exchange		(23,000	)		(19,000	)
Accrued bonuses		170,000			34,000
Intangible asset costs		70,000			51,000
Stock–based compensation		441,000			633,000
Valuation allowance for deferred tax assets		(9,673,000	)		(8,545,000	)
Net deferred tax assets	$	–		$	–

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2014			2013
Income benefit at statutory rate of 34%	$	(3,865,000	)	$	(1,258,000	)
Foreign income taxed at other rates		13,000			–
Permanent differences
Effect of stock based compensation		202,000			–
Debt extinguishment		2,736,000			501,000
Mark–to–market deriative liability adjustment		(994,000	)		7,000
Non–deductible finance and accretion expenses		808,000			–
Other permanent differences		(16,000	)		(5,000	)
Research and development tax credit		(26,000	)		(17,000	)
Adjustment and true up to prior years' tax provision		14,000			(161,000	)
Change in valuation allowance		1,128,000			933,000
Income Tax Expense	$	–		$	–