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DERIVATIVE INSTRUMENTS (Tables)
12 Months Ended
Sep. 30, 2015
Derivative Instruments Tables  
Financial assets and liabilities that were accounted for at fair value

The following table sets forth by level within the fair value hierarchy the Company's financial assets and liabilities that were accounted for at fair value as September 30, 2015 and 2014:

 

Recurring Fair Value Measures   Level 1     Level 2     Level 3     Total  
                         
Derivative liabilities at September 30, 2015   $ -     $ -     $ 4,152,164     $ 4,152,164  
Derivative liabilities at September 30, 2014   $ -     $ -     $ -     $ -  

Change in the fair value of the derivative liabilities

The below table represents the change in the fair value of the derivative liabilities during the year ended September 30, 2015:

 

Fair value of derivatives, September 30, 2014   $ -  
Derivative day one measurement- loss due to derivative     1,610,091  
Change in fair value of derivative liability- loss     2,542,073  
Fair value of derivatives, September 30, 2015   $ 4,152,164