XML 49 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events (Details Textual) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Mar. 08, 2016
Feb. 02, 2016
Dec. 08, 2015
Oct. 06, 2015
Nov. 13, 2014
Sep. 09, 2014
Sep. 08, 2014
Aug. 13, 2014
May 15, 2014
Apr. 07, 2014
Aug. 12, 2013
Jun. 24, 2016
Jun. 21, 2016
May 18, 2016
May 17, 2016
Apr. 26, 2016
Mar. 21, 2016
Jan. 31, 2016
Dec. 23, 2015
Dec. 18, 2015
Dec. 16, 2015
Sep. 30, 2015
Sep. 22, 2015
Sep. 02, 2015
Jul. 31, 2015
Jul. 20, 2015
Apr. 30, 2015
Mar. 31, 2015
Feb. 17, 2015
Jan. 31, 2015
Dec. 31, 2014
Oct. 31, 2014
Sep. 17, 2014
Aug. 31, 2014
Jul. 28, 2014
Jul. 22, 2014
Jan. 23, 2014
Dec. 23, 2013
Dec. 17, 2013
Nov. 30, 2013
Oct. 31, 2013
Oct. 25, 2013
Oct. 21, 2013
Sep. 18, 2013
Aug. 28, 2013
May 30, 2013
Apr. 16, 2013
Apr. 30, 2016
Jul. 31, 2015
Jul. 31, 2014
Sep. 30, 2016
Subsequent Event [Line Items]                                                                                                      
Stock Issued During Period, Value, Issued for Services $ 32,775 $ 57,750               $ 15,049 $ 15,000                           $ 5,840   $ 8,994 $ 141,130   $ 19,720 $ 91,258     $ 44,723     $ 20,651 $ 21,750   $ 66,500 $ 15,750 $ 13,382 $ 9,036 $ 22,500 $ 35,000     $ 1,215,719 $ 311,665 $ 213,967  
Stock Issued During Period, Shares, Issued for Services 3,582 5,500               3,762 3,750                           800   1,232 20,900   5,000 24,015     7,846     3,333 3,750   12,500 3,750 3,346 2,259 3,750 5,000            
Deferred Revenue, Additions       $ 618,000                             $ 715,500       $ 1,600,000                       $ 111,470 $ 3,000,000                       $ 1,000,000      
Percentage Interest In Asset     0.75% 0.824% 2.06723% 0.98% 0.88891% 0.84469% 1.50%                   0.954%       2.1333%     0.50%     1.97609%     0.98% 1.00%   0.22294% 6.00%     0.50%             1.50% 6.00% 1.50%      
Proceeds from (Payments for) Other Financing Activities     $ 500,000   $ 1,033,614 $ 500,000 $ 444,530 $ 422,344 $ 300,000                                 $ 250,000     $ 988,043     $ 500,000 $ 500,000           $ 250,000             $ 150,000 $ 600,000        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross                                                                                               1,437,500 195,000    
Share-based Compensation                                                                                               $ 121,760 $ 1,729,216 $ 9,217,549  
Debt Instrument, Interest Rate, Stated Percentage                                                             14.50%                                 14.50%      
Consultant [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Stock Issued During Period, Shares, Other                                                                                                 10,000    
Payments for Other Fees                                         $ 10,000                                                            
Monthly Service Fees                                         10,000                                                            
Maximum Annual Service Fees                                         $ 120,000                                                            
Consultant [Member] | Restricted Stock [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Stock Issued During Period, Value, Issued for Services                                 $ 94,500     $ 64,050                                                              
Stock Issued During Period, Shares, Issued for Services                                 9,000     7,000                                                              
Common Stock, Capital Shares Reserved for Future Issuance                                                                                                     13,000
Share-based Compensation                                                                                               $ 54,325      
Subsequent Event [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Stock Issued During Period, Value, Issued for Services                                               $ 50,000                                                      
Stock Issued During Period, Shares, Issued for Services                                               10,000                                                      
Deferred Revenue, Additions                           $ 266,500                 $ 1,600,000                                                        
Percentage Interest In Asset       0.824%                   0.355%                 2.1333% 1.00%                                                      
Proceeds from (Payments for) Other Financing Activities       $ 618,000                                       $ 535,000                                                      
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross                             70,000                                                                        
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price                             $ 10.00                                                                        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term                             5 years                                                                        
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights                             The options vest as follows: 23,334 vest upon the uplisting of the Company to the NASDAQ Stock Market; 23,334 vest upon the cumulative funding of the Company of or in excess of $5,000,000 by institutional investors; and 23,332 vest upon the first submission of a new drug application to the FDA.                                                                        
Subsequent Event [Member] | Licensing Agreements [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Royalty Term Description                               During the “Royalty Term” (as defined in Exhibit 1 to the Restated Agreement), the Company shall pay Aegis royalties (the “Royalties”) on annual net sales of (i) pharmaceutical formulations containing the Compound as an active ingredient and (ii) Aegis’s proprietary chemically synthesizable excipient(s), including without limitation the Intravail® excipients ((i) and (ii) together, the “Products”), ranging from (A) low single digits for Products with an aggregate annual “Net Sales” (as defined in Exhibit 1 to the Letter Agreement) during a calendar year of $50 million or less to (B) mid-single digits for Products with Net Sales of greater than $1 billion. Such Royalties are subject to reduction as provided in Exhibit 1 to the Restated Agreement but shall not be reduced by more than 50% of the regularly scheduled royalty payment.                                                                      
Subsequent Event [Member] | Aegis Therapeutics, LLC [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Stock to Be Issued       75,000                                                                                              
Stock Issued During Period, Shares, Other       13,697                                                                                              
Subsequent Event [Member] | Consultant [Member] | Restricted Stock [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Stock Issued During Period, Value, Issued for Services                       $ 91,520                                                                              
Stock Issued During Period, Shares, Issued for Services                       11,000                                                                              
Subsequent Event [Member] | Executive Officer [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Proceeds from (Payments for) Other Financing Activities                                           $ 151,191                                                          
Related Party Transaction, Rate                                   10.00%       6.00%                                                          
Related Party Transaction Penalty Rate                                   4.00%                                                                  
Subsequent Event [Member] | Advisor [Member] | Promissory Note [Member]                                                                                                      
Subsequent Event [Line Items]                                                                                                      
Accrued Advisory Fees                         $ 165,000                                                                            
Debt Instrument, Face Amount                         $ 2,200,000                                                                            
Debt Instrument Collateral Shares                         22,916                                                                            
Debt Instrument, Interest Rate, Stated Percentage                         6.00%