Spendsmart Networks 10-Q 14 Feb 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2013	Jan. 31, 2014
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Entity Registrant Name	'SpendSmart Payments Co	'
Entity Central Index Key	'0001062273	'
Current Fiscal Year End Date	'--09-30	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	10,398,527

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Sep. 30, 2013
Current assets:	'	'
Cash and cash equivalents	$497,313	$1,070,748
Amounts on deposits with or due from merchant processor	201,866	177,894
Prepaid insurance	4,068	16,271
Total current assets	703,247	1,264,913
Other assets:	'	'
Property and equipment, net of accumulated depreciation of $49,715 at December 31, 2013 and $48,583 at September 30, 2013, respectively	251	1,682
Other assets	5,700	5,700
Total other assets	5,951	7,382
Total assets	709,198	1,272,295
Current liabilities:	'	'
Accounts payable and accrued liabilities	921,164	1,163,692
Accrued and deferred personnel compensation	231,668	173,993
Notes payable, fair value	142,089	'
Derivative liabilities - warrants	26,505	57,784
Total current liabilities	1,321,426	1,395,469
STOCKHOLDERS' DEFICIENCY	'	'
Common stock; $0.001 par value; 300,000,000 shares authorized; 10,398,527 and 10,380,388 shares issued and outstanding as of December 31, 2013 and September 30, 2013, respectively	10,398	10,381
Additional paid-in capital	67,905,486	66,467,197
Accumulated deficit	-68,528,112	-66,600,752
TOTAL STOCKHOLDERS' DEFICIT	-612,228	-123,174
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$709,198	$1,272,295

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Condensed Consolidated Balance Sheets [Abstract]	'	'
Property and equipment, accumulated depreciation	$49,715	$48,583
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	10,389,527	10,380,388
Common stock, shares outstanding	10,389,527	10,380,388

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Condensed Consolidated Statements of Operations [Abstract]	'	'
Revenues	$227,050	$247,497
Operating expenses:	'	'
Selling and marketing	204,777	4,654,948
Personnel related	1,736,689	3,893,183
Processing	165,306	387,354
General and administrative	312,386	314,644
Total operating expenses	2,419,158	9,250,129
Loss from operations	-2,192,108	-9,002,632
Non-operating income (expense):	'	'
Interest expense	-7,073	'
Interest income	631	1,044
Change in fair value of derivative liabilities	271,190	8,587,290
Total non-operating income	264,748	8,588,334
Net loss and comprehensive net loss	($1,927,360)	($414,298)
Basic and diluted net loss per share	($0.19)	($0.06)
Basic and diluted weighted average number of common shares outstanding used in computing basic and diluted net loss per share	10,392,008	6,898,772

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net loss	($1,927,360)	($414,298)
Adjustments to reconcile net loss to cash used in operating activities:	'	'
Depreciation expense	1,131	1,132
Stock-based compensation	1,268,307	2,997,503
Issuance of common stock for services	52,000	24,000
Change in fair value of derivative liabilities	-271,190	-8,587,290
Changes in operating assets and liabilities:	'	'
Prepaid insurance	12,203	17,687
Amounts on deposits with or due from merchant processor	-23,972	57,815
Accounts payable and accrued liabilities	-242,529	1,835,586
Accrued and deferred personnel compensation	57,675	288,329
Net cash used in operating activities	-1,073,735	-3,779,536
Cash flows from investing activities:	'	'
Sale of property and equipment	300	'
Net cash provided by (used in) investing activities	300	'
Cash flows from financing activities:	'	'
Net proceeds from issuance of preferred and common stock and warrants	'	4,866,192
Net proceeds from exercise of warrants to purchase common stock	'	9,000
Proceeds from issuance of convertible debt	500,000	'
Net cash provided by financing activities	500,000	4,875,192
Net (decrease) increase in cash and cash equivalents	-573,435	1,095,656
Cash and cash equivalents at beginning of period	1,070,748	5,509,911
Cash and cash equivalents at end of period	$497,313	$6,605,567

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2013
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	1	Basis of Presentation
	The SpendSmart Payments Company is a Colorado corporation (the Company). Through our subsidiary incorporated in the state of California. The SpendSmart Payments Company ("SpendSmart-CA"), brings value added products, payment solutions, and mobile marketing solutions to consumers, merchants, businesses and government organizations. The Company is a publicly traded company trading on the OTC Bulletin Board under the symbol "SSPC." The accompanying unaudited condensed consolidated financial statements include the accounts of our Company and SpendSmart-CA as of and through December 31, 2013. All material intercompany balances and transactions have been eliminated. The accompanying unaudited consolidated financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K for the year ended September 30, 2013. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("GAAP"). All normal recurring adjustments which are necessary for the fair presentation of the results for the interim periods are reflected herein. Operating results for the three month periods ended December 31, 2013 and 2012 are not necessarily indicative of results to be expected for a full year.

Liquidity_and_Going_Concern

Liquidity and Going Concern	3 Months Ended
	Dec. 31, 2013
Liquidity and Going Concern [Abstract]	'
Liquidity and Going Concern	'
	2	Liquidity and Going Concern
	For the year ended September 30, 2013, our audited consolidated financial statements included an opinion containing an explanatory paragraph as to the uncertainty of our Company's ability to continue as a going concern. Additionally, we have incurred net losses through December 31, 2013 and have yet to establish profitable operations and cash flows from operations. These factors among others create a substantial doubt about our ability to continue as a going concern. Our unaudited condensed consolidated financial statements as of and for the three months ended December 31, 2013 do not contain any adjustments for this uncertainty.  In response to our Company's cash needs, in the first quarter of fiscal 2014 we raised additional cash through the issuance of two 7% Convertible Promissory Notes. Warrants to purchase an aggregate 200,000 shares of our common stock at an exercise price of $2.25 per share were also issued with these investments.
	The Company also currently plans to raise additional required capital through the sale of unregistered shares of the Company's preferred or common stock (accompanied by warrants to purchase our common stock). All additional amounts raised will be used for our future investing and operating cash flow needs. However there can be no assurance that we will be successful in consummating such financing. This description of our recent financing and future plans for financing does not constitute an offer to sell or the solicitation of an offer to buy our securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from the registration requirements and certificates evidencing such shares contain a legend stating the same.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
		3	Summary of Significant Accounting Policies
	Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, fair value of financial instruments, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could materially differ from those estimates.
	Fair Value Option
	The Company elected the fair value option for its $500,000 7% Convertible Promissory Note ("Promissory Note") as this option better represents the economics and the fair value of this instrument. The decision to elect the fair value option, which is irrevocable once elected, is determined on an instrument by instrument basis and applied to an entire instrument. The net gains or losses on Promissory Note for which the fair value option has been elected are recognized in change in fair value of financial instruments, net in the condensed consolidated statements of operations.
	Litigation
	From time to time and in the course of business, we may become involved in various legal proceedings seeking monetary damages and other relief.  The amount of any ultimate liability from such claims cannot be determined.  However, except as otherwise disclosed herein, there are no legal claims currently pending or threatened against us that in the opinion of our management would be likely to have a material adverse effect on our financial position, results of operations or cash flows.  Our Company was involved in an arbitration with our previous processor but we have since agreed to a settlement of such arbitration. The agreed upon settlement amount has been accrued at December 31, 2013 and was paid on February 13, 2014.
	Recently Issued Accounting Pronouncements
	In June 2011, the Financial Accounting Standards Board, "FASB" issued ASU 2011-05, "Presentation of Comprehensive Income", an amendment to FASB ASC Topic 220, "Comprehensive Income". The update gives companies the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amendments in the update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. ASU 2011-05 is effective for the Company for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of ASU 2011-05 did not have any impact on the Company as the Company has no other comprehensive income or loss, and therefore the net income or loss equals to the total comprehensive income or loss. In December 2011, the FASB issued ASU 2011-12 "Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05." This update stated that the specific requirement to present items that are reclassified from other comprehensive income to net income alongside their respective components of net income and other comprehensive income will be deferred. In February 2013, the FASB issued ASU 2013-02 "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income". This update requires companies to present the effects on the line items of net income of significant reclassifications out of accumulated other comprehensive income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period.  ASU 2013-02 is effective prospectively for the Company for fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company's condensed consolidated financial statements were not significantly impacted by the adoption of this amended guidance.

Issuances_of_common_stock_and_

Issuances of common stock and warrants	3 Months Ended
	Dec. 31, 2013
Issuances of common stock and warrants [Abstract]	'
Issuance of common stock and warrants	'
	4	Issuances of Common Stock and Warrants
	During the three months ended December 31, 2013 and 2012, we issued 17,639 and 4,000 shares of our common stock (in each respective period) to a contractor and two vendors in exchange for programming services and other services performed. In connection with these issuances of shares, we recognized expenses of $52,000 and $24,000 during the respective periods.

Fair_Value_Measures_and_Financ

Fair Value Measures and Financial Instruments	3 Months Ended
	Dec. 31, 2013
Fair Value Measures and Financial Instruments [Abstract]	'
Fair Value Measures and Financial Instruments	'
		5	Fair Value Measures and Financial Instruments
	The Company accounts for certain of our outstanding warrants issued in fiscal 2010 and 2012 ("2010 Warrants" and "2012 Warrants") as derivative liabilities.
	Based on the guidance in ASC 480 "Distinguishing Liabilities From Equity", ASC 815 "Contracts in an Entity's Own Equity" and ASC 718 "Compensation - Stock Compensation" with regard to 2010 Warrants and 2012 Warrants, management concluded these instruments are required to be accounted for as derivatives due to a ratchet down protection feature. Under ASC 815, the Company records the fair value of these warrants (derivatives) on its Condensed Consolidated Balance Sheets, at fair value, with changes in the values reflected in the Condensed Consolidated Statements of Operations as "Change in fair value of instruments". The fair value of the share purchase warrants are recorded on the balance sheet under "Derivative liabilities - warrants". These derivative liabilities which arose from the issuance of the 2010 Warrants and 2012 Warrants resulted in an ending balance of derivative liabilities of $26,505 and $57,784 as of December 31, 2013 and September 30, 2013, respectively, in the Condensed Consolidated Balance Sheet.
	ASC 820 defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - Quoted prices in active markets for identical assets or liabilities; Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3 - Unobservable inputs that are supported by little or no market activity and require significant judgment or estimation, pricing models, discounted cash flow methodologies, or similar techniques can be considered Level 2 or Level 3 depending on observability. At December 31, 2013 all of the Company's derivative liabilities and liabilities related to the Promissory Note with the fair value election were classified as Level 3. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
	Level 3 Valuation Techniques
	Financial liabilities are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. Level 3 financial liabilities consist of the Promissory Note and warrants for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation.
	Determining fair value of Promissory Note and warrants, given the Company's stage of development and financial position, is highly subjective and identifying appropriate measurement criteria and models is subject to uncertainty. The inputs used to value the Promissory Note are consistent with the inputs used to value the firm's other derivative instruments. The Company valued the embedded derivative component using a lattice model.  This model incorporates transaction details such as the Company's stock price, contractual terms, maturity, market interest rates, as well as assumptions about future financings, volatility, and holder behavior as of the date of issuance and each balance sheet date.
	The 2010 Warrants and 2012 Warrants contain reset provisions. The fair value of the warrants issued by the Company in connection with these transactions has been estimated using a Monte Carlo simulation under the following assumptions:
			9/30/13			12/31/13
	Share Price		$	1.95		$	0.91
	Strike Price		$	2.25		$	2.25
	Risk-free Rate			0.10% to 0.33%			0.13% to 0.38%
	Volatility (Annual)			69% to 70%			70% to 72%
	Number of Assumed Financings			1			1
	Total Warrants Outstanding			9,637,948			7,977,990
	Total Common Shares Outstanding			10,380,888			10,398,527
	Time To Maturity (Years)			0.73 to 2.15			0.48 to 1.90
	The foregoing inputs into the 2010 Warrants, 2012 Warrants and Promissory Notes are reviewed quarterly and are subject to change based primarily on Management's assessment of the probability of the events described occurring. Accordingly, changes to these assessments could materially affect the valuations.
	Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheet under Derivative liabilities - Warrants and Note Payable, fair value:
			30-Sep-13
			Carry Value			Level 1			Level 2			Level 3		Total
	Derivative liability - warrants			57,784			-			-			57,784		57,784
			$	57,784								$	57,784	$	57,784
			31-Dec-13
			Carry Value			Level 1			Level 2			Level 3		Total
	Note payable, fair value		$	142,089		$	-		$	-		$	142,089	$	142,089
	Derivative liability - warrants			26,505			-			-			26,505		26,505
			$	168,594								$	168,594	$	168,594
	The table below provides a summary of the changes in fair value, including net transfers, in and/or out, of financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2013:
	Fair Value Measurements Using Level 3 Inputs
			Derivative Liability
			Conversion
			Notes			Warrants			Total
	Balance - September 30, 2013		$	-		$	57,784		$	57,784
	Additions during the year			382,000			-			382,000
	Total unrealized (gains) or losses included in net loss			(239,911	)		(31,279	)		(271,190	)
	Transfers in and/or out of Level 3			-			-			-
	Balance - December 31, 2013		$	142,089		$	26,505		$	168,594

Convertible_Promissory_Notes

Convertible Promissory Notes	3 Months Ended
	Dec. 31, 2013
Convertible Promissory Notes [Abstract]	'
Convertible Promissory Notes	'
	6	Convertible Promissory Notes
	On October 25, 2013 and November 4, 2013, the Company closed a private placement of 10 Units to a total of 2 investors, each Unit consisting of (i) a 13-month $50,000 principal amount promissory note ("Promissory Note") bearing an annual interest rate of 7%, convertible at the holders' option to common stock at the rate of $1.25 per share and (ii) a four-year callable Warrant (the "Promissory Note Warrants"), to purchase 20,000 shares of common stock. The Company received gross proceeds of $500,000.
	The Promissory Notes are also contingently mandatorily convertible at a conversion price that is the lesser of i) 25% discount to the effective price sold in the consummation of an equity, or convertible debt financing in one or more series of transactions with aggregate gross proceeds of at least $3,000,000 or ii) $1.25 per share of common stock.
	The Company, upon five-day notice to holders of outstanding Promissory Note Warrants, has the right, subject to limitations, to call all or any portion of the Warrants then outstanding if (i) the VWAP for each of ten (10) consecutive trading days equals or exceeds $4.50 per share and (ii) has a minimum trading volume of 50,000 shares per day over the same period. These warrants were valued at $118,000 in aggregate and were classified as equity instruments.
	The Company elected the fair value option for notes payable as this option better represents the economics and fair value of notes payable. The decision to elect the fair value option, which is irrevocable once elected, is determined on an instrument by instrument basis and applied to an entire instrument. The Company recognized a $239,911 net change in fair value of financial instruments the condensed consolidated statements of operations from October 25, 2013 through December 31, 2013.

Convertible_Preferred_Stock

Convertible Preferred Stock	3 Months Ended
	Dec. 31, 2013
Convertible Preferred Stock [Abstract]	'
Convertible Preferred Stock	'
		7	Convertible Preferred Stock
	Series A Preferred Stock
	At December 31, 2013 and September 30, 2013 we had 0 shares of Series A Cumulative Convertible Preferred Stock (the "Series A Stock") outstanding.
	Series B Preferred Stock
	Our Series B Convertible Preferred Stock ("Series B Stock") automatically converted to common stock on January 19, 2013 as in accordance with the Certificate of Designation for the Series B stock which states that six months from the date of the final closing, as defined in the related subscription agreement, each share of Series B will automatically convert into common stock. 10,165 outstanding shares of Series B Stock automatically converted into 1,694,167 common shares at an effective price of $600 per share.
	At December 31, 2013 we had 0 shares of Series B convertible preferred stock ("Series B Stock") outstanding that were issued to investors for $1,000 per share.

Stockholders_equity

Stockholders' equity	3 Months Ended
	Dec. 31, 2013
Stockholders' equity [Abstract]	'
Stockholders' equity	'
		8	Stockholders' Deficit
	Stock Options
	On January 8, 2013, our Board of Directors approved the adoption of the SpendSmart Payments Company 2013 Equity Incentive Plan (the "2013 Plan"). The 2013 Plan was approved by the Company's shareholders on February 15, 2013. The 2013 Plan provides for granting of stock-based awards including: incentive stock options, non-statutory stock options, stock bonuses and rights to acquire restricted stock. The total number of shares of common stock that may be issued pursuant to stock awards under the 2013 Plan shall not exceed in the aggregate 3,000,000 shares of the common stock of our Company. On August 4, 2011, our Board of Directors approved the adoption of the SpendSmart Payments Company 2011 Equity Incentive Plan (the "2011 Plan"). The 2011 Plan provides for granting of stock-based awards including: incentive stock options, non-statutory stock options, stock bonuses and rights to acquire restricted stock. The total number of shares of common stock that may be issued pursuant to stock awards under the Plan shall not exceed in the aggregate 1,666,667 shares of the common stock of our Company. We also have a stockholder-approved Plan (the IdeaEdge, Inc. 2007 Equity Incentive Plan - the "2007 Plan", previously approved by our shareholders). The 2007 Plan has similar provisions and purposes as the 2011 Plan. The total number of shares of common stock that may be issued pursuant to stock awards under the 2007 Plan (as amended) shall not exceed in the aggregate 266,667 shares of the common stock of our Company. With shareholder approval of the 2013 Plan, our Board has expressed its intentions to issue no more shares under the 2011 and 2007 Plans.
	Through December 31, 2013, we have outstanding and vested a total of 1,566,667 and 1,279,630, respectively, of incentive and nonqualified stock options granted under the Plans, all of which we have estimated will eventually vest. All of the options have terms of five years with expiration dates ranging from August 2016 to November 2017.
	Stock Option Plans
	The Company's stock option plans are administered by the Board of Directors, which determines the terms and conditions of the options granted, including exercise price, number of options granted and vesting period of such options.
	Warrants
	In recompense for services performed on our behalf, we issued warrants to purchase up to 138,333 shares of our common stock during the three months ended December 31, 2013, including a five-year warrant to purchase up to 133,333 shares (exercise price of $1.95 per share) to a member of our Board of Directors and a five-year warrant to purchase up to 5,000 shares at $1.95 to our CFO (Chord Advisors, LLC). The aggregate expense recorded for the three months ended December 31, 2013 for these issuances was $29,452. In recompense for services performed on our behalf, we issued warrants to purchase up to 6,300,000 shares of our common stock during the three months ended December 31, 2012, including a five year warrant to purchase up to 2,000,000 shares (exercise price of $10.35 per share) to a member of our Board of Directors. Through December 31, 2013, we have not issued any warrants to advisors, consultants and in connection with the purchase of intellectual property. Warrants to purchase up to 150,000 shares of common stock have expired. Warrants to purchase up to 3,881,325 shares of common stock remain outstanding at December 31, 2013, of which 3,279,367 have vested.
	For the three months ended December 31, 2013, we issued 200,000 warrants to new investors. Through December 31, 2013, we have also issued warrants to purchase up to 4,917,276 shares of our common stock to investors (and as compensation to third parties in connection with investments) related to the sale of our common stock, 4,096,665 of which remain outstanding net of exercises, cancellations and expirations (all of which are fully vested).
	The numbers and exercise prices of all options and warrants outstanding at December 31, 2013 are as follows:
			Weighted
	Shares		Average		Expiration
	Outstanding		Exercise		Fiscal Period
			Price
	35,380		8.7		2nd Qtr, 2014
	57,333		9.75		3rd Qtr, 2014
	35,000		7.65		4th Qtr, 2014
	81,973		7.8		1st Qtr, 2015
	78,100		7.8		2nd Qtr, 2015
	10,600		10.05		3rd Qtr, 2015
	83,918		6.6		4th Qtr, 2015
	479,246		7.65		1st Qtr, 2016
	872,800		7.2		2nd Qtr, 2016
	960,100		6.45		3rd Qtr, 2016
	1,263,958		6.9		4th Qtr, 2016
	516,808		7.8		1st Qtr, 2017
	859,750		6.15		2nd Qtr, 2017
	1,076,475		7.65		3rd Qtr, 2017
	1,599,208		6.75		4th Qtr, 2017
	1,195,675		6.75		1st Qtr, 2018
	66,667		5.85		2nd Qtr, 2018
	138,333		1.95		1st Qtr, 2019
	133,333		7.05		1st Qtr, 2023
	9,544,657
	Stock-based Compensation
	During the three months ended December 31, 2013, we recognized stock-based compensation expense totaling $1,268,307 in connection with the issuance of stock options and warrants issued to employees, directors, advisors and consultants (not including shares of stock issued directly for services). For purposes of accounting for stock-based compensation, the fair value of each award is estimated on the date of grant (or performance of the contracted services as appropriate) using the Black-Scholes-Merton option pricing model. The following weighted average assumptions were utilized for the calculations of newly issued options and warrants during the three months ended December 31, 2013:
	Expected life (in years)			4.99 years
	Weighted average volatility			90.07	%
	Forfeiture rate			0	%
	Risk-free interest rate			1.41	%
	Expected dividend rate			0	%
	At December 31, 2013, the weighted average exercise price of vested options and warrants outstanding (issued in connection with stock-based compensation) is $6.80 per share while the corresponding weighted average remaining contractual period was approximately 37.0 months. As of December 31, 2013, $3,174,110 of total unrecognized compensation expense related to unvested stock-based compensation is expected to be recognized through November 2022.

Subsequent_events

Subsequent events	3 Months Ended
	Dec. 31, 2013
Subsequent events [Abstract]	'
Subsequent events	'
		9	Subsequent Events
	On January 29, 2014, Mr. Rob DeSantis resigned from his position as a director of The SpendSmart Payments Company (the "Company").
	SMS Acquisition
	On February 11, 2014, The SpendSmart Payments Company, a Colorado corporation ("we," "us," "our," or the "Company"), entered into subscription agreements ("Subscription Agreement") with accredited investors pursuant to which we issued 1,131,099 shares of our newly designated Series C Convertible Preferred Stock (the "Series C Preferred Stock") and warrants to purchase 4,524,396 shares of our common stock (the "Common Stock") exercisable during the five-year period commencing on the date of issuance at $1.10 per share (the "Warrants").
	This offering resulted in gross proceeds to us of approximately $3,393,270.  The placement agent, a FINRA registered broker-dealer, in connection with the financing received a cash fee totaling $534,327 and will receive warrants to purchase up to 113,110 shares of common stock at an exercise price of $1.265 per share as compensation. The Series C Preferred Stock and the Warrants were offered and sold without registration under the Securities Act of 1933, as amended (the "Securities Act") in reliance on the exemptions provided by Section 4(2) of the Securities Act and Regulation D promulgated thereunder.
	On February 11, 2014, immediately following the closing described above, the Company, through its wholly-owned subsidiary The SpendSmart Payments Company, a California corporation (the "Subsidiary"), purchased substantially all of the assets of Intellectual Capital Management, Inc., d/b/a SMS Masterminds ("SMS") a Nevada corporation, pursuant to the terms of an Asset Purchase Agreement (the "Asset Purchase Agreement"). In conjunction with the purchase of substantially all of the assets of SMS, the Company, through the Subsidiary acquired all of the goodwill owned by Alex Minicucci, the Chief Executive Officer of SMS, relating to SMS, pursuant to the terms of a Goodwill Purchase Agreement (the "Goodwill Purchase Agreement") (the closing of the Asset Purchase Agreement and Goodwill Purchase Agreement collectively referred to as the "SMS Acquisition").
	Pursuant to the Asset Purchase Agreement, the Company acquired all of the assets of SMS. In consideration of the purchased assets, the Company agreed to issue to SMS five million two hundred and fifty thousand shares of the Company's common stock. Pursuant to the Goodwill Purchase Agreement, the Company agreed to pay Mr. Minicucci: (i) cash in the amount of four hundred and fifty thousand dollars in the aggregate upon the closing of a minimum of three million dollars in gross proceeds raised in a financing transaction; (ii) cash in the amount of four hundred and fifty thousand dollars in the aggregate upon the closing of a minimum of seven million dollars in gross proceeds raised in a financing transaction; (iii) an earn-out payment relating to fifteen percent of the earnings generated by the SMS after the acquisition; and (iv) an additional earn-out payment tied to the EBITDA of the Company after the acquisition of SMS.
	On February 11, 2014, in conjunction with the closing of the SMS Acquisition, Mr. Alex Minicucci was appointed as the Chief Executive Officer and a director of the Company.
	Mr. Alex Minicucci is a serial entrepreneur with an 18 year background in web, ecommerce, and mobile marketing. In November 2008, Mr. Minicucci founded SMS Masterminds, subsequently earning several recognitions such as 'Top 20 under 40 Entrepreneur in 2013. From 2006 to 2008, he served as Chief Operating Officer of TechXpress, Inc., a managed services IT firm. Between 2000 and 2003, Mr. Minicucci built and sold one of the nation's largest virtual tour providers, USA Virtual Tours, to MediaNews Group. In the late 90's, Mr. Minicucci started and ran one of the first web development firms in central California, TooPhat.com, Inc., focused on next generation web development combined with interactive 3D environments. Mr. Minicucci is an Eagle Scout and active mentor to business students at Cal Poly San Luis Obispo.
	In connection with the appointment of Mr. Minicucci as Chief Executive Officer, the Company and Mr. Minicucci entered into an employment agreement (the "Minicucci Employment Agreement"). The Minicucci Employment Agreement has an initial term of three years. The Minicucci Employment Agreement provides for the payment of a base salary of $375,000 per year (subject to discretionary increases by the Board). The Minicucci Employment Agreement provides that Mr. Minicucci is entitled to usual and customary benefits and also contains usual and customary restrictive covenants (including non-competition, non-solicitation and confidentiality).
	In conjunction with Mr. Minicucci's appointment, Mr. Michael R. McCoy resigned from his position as Chief Executive Officer of the Company. Mr. McCoy's resignation was not the result of any disagreements with the Company. Mr. McCoy will continue to serve in his capacity as a director of the Company.
	Series C Convertible Preferred Stock
	On February 11, 2014, the Company filed a Certificate to Set Forth Designations, Voting Powers, Preferences, Limitations, Restrictions, and Relative Rights (the  "Certificate of Designations") of its Series C Convertible Preferred Stock with the Secretary of State of the State of Colorado to amend our articles of incorporation. The Certificate of Designations sets forth the rights, preferences and privileges of the Series C Preferred Stock. As provided in our articles of incorporation, the filing of the Certificate of Designations was approved by our Board of Directors. The following is a summary of the rights, privileges and preferences of the Series C Preferred Stock:
	Number of Shares: The number of shares of Series C Preferred Stock designated as Series C Preferred Stock is 3,333,334 (which shall not be subject to increase without the written consent of all of the holders of the Series C Preferred Stock or as otherwise set forth in the Certificate of Designation; provided however that the Company may authorize and issue additional shares of Series C Preferred Stock in the event the Maximum Offering Amount (as defined in the Subscription Agreement by and between the Company and each Holder dated as of even date herewith) is increased).
	Stated Value: The initial Stated Value of each share of Series C Preferred Stock is $3.00 (as adjusted pursuant to the Certificate of Designation).
	Voluntary Conversion: The Series C Preferred Stock shall be convertible at the option of the holder, into common stock at the applicable conversion price of $.75 per share, subject to adjustments for stock dividends, splits, combinations and similar events as described in the form of Certificate of Designations. In addition, the Company has the right to require the holders to convert to common stock under certain enumerated circumstances.
	Mandatory Conversion: At the Company's sole option, each outstanding share of Series C Preferred Stock may be converted into shares of Common Stock at the applicable conversion price immediately prior to the close of business on the date that the volume weighted average price of the Common Stock, based on the closing price on the or any other market or exchange where the same is traded, shall exceed $4.00 per share for any 30 consecutive trading days anytime from the Original Issue Date with an average daily trading volume of 100,000 shares (such numbers shall be proportionally adjusted for dividends, stock splits, Common Stock combinations and recapitalizations involving the Common Stock).
	Voting Rights: Except as described in the Certificate of Designations, holders of the Series C Preferred Stock will vote together with holders of the Company common stock on all matters, on an as-converted to common stock basis, and not as a separate class or series (subject to limited exceptions).
	Liquidation Preferences:  In the event of any liquidation or winding up of the Company prior to and in preference to any Junior Securities (including common stock), the holders of the Series C Preferred Stock will be entitled to receive in preference to the holders of the Company common stock a per share amount equal to the Stated Value (as adjusted pursuant to the Certificate of Designations).

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, fair value of financial instruments, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could materially differ from those estimates.
Fair Value Option	'
	Fair Value Option
	The Company elected the fair value option for its $500,000 7% Convertible Promissory Note ("Promissory Note") as this option better represents the economics and the fair value of this instrument. The decision to elect the fair value option, which is irrevocable once elected, is determined on an instrument by instrument basis and applied to an entire instrument. The net gains or losses on Promissory Note for which the fair value option has been elected are recognized in change in fair value of financial instruments, net in the condensed consolidated statements of operations.
Litigation	'
	Litigation
	From time to time and in the course of business, we may become involved in various legal proceedings seeking monetary damages and other relief.  The amount of any ultimate liability from such claims cannot be determined.  However, except as otherwise disclosed herein, there are no legal claims currently pending or threatened against us that in the opinion of our management would be likely to have a material adverse effect on our financial position, results of operations or cash flows.  Our Company was involved in an arbitration with our previous processor but we have since agreed to a settlement of such arbitration. The agreed upon settlement amount has been accrued at December 31, 2013 and was paid on February 13, 2014.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In June 2011, the Financial Accounting Standards Board, "FASB" issued ASU 2011-05, "Presentation of Comprehensive Income", an amendment to FASB ASC Topic 220, "Comprehensive Income". The update gives companies the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amendments in the update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. ASU 2011-05 is effective for the Company for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of ASU 2011-05 did not have any impact on the Company as the Company has no other comprehensive income or loss, and therefore the net income or loss equals to the total comprehensive income or loss. In December 2011, the FASB issued ASU 2011-12 "Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05." This update stated that the specific requirement to present items that are reclassified from other comprehensive income to net income alongside their respective components of net income and other comprehensive income will be deferred. In February 2013, the FASB issued ASU 2013-02 "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income". This update requires companies to present the effects on the line items of net income of significant reclassifications out of accumulated other comprehensive income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period.  ASU 2013-02 is effective prospectively for the Company for fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company's condensed consolidated financial statements were not significantly impacted by the adoption of this amended guidance.

Fair_Value_Measures_and_Financ1

Fair Value Measures and Financial Instruments (Tables)	3 Months Ended
	Dec. 31, 2013
Fair Value Measures and Financial Instruments [Abstract]	'
Schedule of Valuation Methodology	'
		9/30/13			12/31/13
	Share Price	$	1.95		$	0.91
	Strike Price	$	2.25		$	2.25
	Risk-free Rate		0.10% to 0.33%			0.13% to 0.38%
	Volatility (Annual)		69% to 70%			70% to 72%
	Number of Assumed Financings		1			1
	Total Warrants Outstanding		9,637,948			7,977,990
	Total Common Shares Outstanding		10,380,888			10,398,527
	Time To Maturity (Years)		0.73 to 2.15			0.48 to 1.90
Schedule of Fair Value of the Liabilities Measured on a Recurring Basis	'
		30-Sep-13
		Carry Value			Level 1			Level 2			Level 3		Total
	Derivative liability - warrants		57,784			-			-			57,784		57,784
		$	57,784								$	57,784	$	57,784
		31-Dec-13
		Carry Value			Level 1			Level 2			Level 3		Total
	Note payable, fair value	$	142,089		$	-		$	-		$	142,089	$	142,089
	Derivative liability - warrants		26,505			-			-			26,505		26,505
		$	168,594								$	168,594	$	168,594
Schedule of Activity for Liabilities Measured at Fair Value using Unobservable Inputs	'
	Fair Value Measurements Using Level 3 Inputs
		Derivative Liability
		Conversion
		Notes			Warrants			Total
	Balance - September 30, 2013	$	-		$	57,784		$	57,784
	Additions during the year		382,000			-			382,000
	Total unrealized (gains) or losses included in net loss		(239,911	)		(31,279	)		(271,190	)
	Transfers in and/or out of Level 3		-			-			-
	Balance - December 31, 2013	$	142,089		$	26,505		$	168,594

Stockholders_equity_Tables

Stockholders' equity (Tables)	3 Months Ended
	Dec. 31, 2013
Stockholders' equity [Abstract]	'
Schedule of Option and Warrant Activity	'
		Weighted
	Shares	Average		Expiration
	Outstanding	Exercise		Fiscal Period
		Price
	35,380	8.7		2nd Qtr, 2014
	57,333	9.75		3rd Qtr, 2014
	35,000	7.65		4th Qtr, 2014
	81,973	7.8		1st Qtr, 2015
	78,100	7.8		2nd Qtr, 2015
	10,600	10.05		3rd Qtr, 2015
	83,918	6.6		4th Qtr, 2015
	479,246	7.65		1st Qtr, 2016
	872,800	7.2		2nd Qtr, 2016
	960,100	6.45		3rd Qtr, 2016
	1,263,958	6.9		4th Qtr, 2016
	516,808	7.8		1st Qtr, 2017
	859,750	6.15		2nd Qtr, 2017
	1,076,475	7.65		3rd Qtr, 2017
	1,599,208	6.75		4th Qtr, 2017
	1,195,675	6.75		1st Qtr, 2018
	66,667	5.85		2nd Qtr, 2018
	138,333	1.95		1st Qtr, 2019
	133,333	7.05		1st Qtr, 2023
	9,544,657
Schedule of Assumptions for Calculations of Newly Issued Options and Warrants	'
	Expected life (in years)		4.99 years
	Weighted average volatility		90.07	%
	Forfeiture rate		0	%
	Risk-free interest rate		1.41	%
	Expected dividend rate		0	%

Liquidity_and_Going_Concern_De

Liquidity and Going Concern (Details)	Dec. 31, 2013
Liquidity and Going Concern [Abstract]	'
Interest rate on convertible promissory notes	7.00%
Number of shares called by warrants	200,000
Exercise price	2.25

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Convertible promissory notes	$500,000
Interest rate on convertible promissory notes	7.00%

Issuances_of_common_stock_and_1

Issuances of common stock and warrants (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Issuances of common stock and warrants [Abstract]	'	'
Shares issued for services	17,639	4,000
Issuance of common stock for services	$52,000	$24,000

Fair_Value_Measures_and_Financ2

Fair Value Measures and Financial Instruments (Narrative) (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Fair Value Measures and Financial Instruments [Abstract]	'	'
Derivative liabilities - warrants	$26,505	$57,784

Fair_Value_Measures_and_Financ3

Fair Value Measures and Financial Instruments (Schedule of Valuation Methodology) (Details) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Share price	0.91	1.95
Strike price	2.25	2.25
Number of Assumed Financings	1	1
Total Warrants Outstanding	7,977,990	9,637,948
Total Common Shares Outstanding	10,389,527	10,380,388
Minimum [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Risk-free Rate	0.13%	0.10%
Volatility	70.00%	69.00%
Time to Maturity	'5 months 23 days	'8 months 23 days
Maximum [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Risk-free Rate	0.38%	0.33%
Volatility	72.00%	70.00%
Time to Maturity	'1 year 10 months 24 days	'2 years 1 month 24 days

Fair_Value_Measures_and_Financ4

Fair Value Measures and Financial Instruments (Schedule of Fair Values of the Liabilities Measured on a Recurring Basis) (Details) (Fair Value, Measurements, Recurring [Member], USD $)	Dec. 31, 2013	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Note payable, fair value	$142,089	'
Derivative liability - warrants	26,505	57,784
Total	168,594	57,784
Carrying Value [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Note payable, fair value	142,089	'
Derivative liability - warrants	26,505	57,784
Total	168,594	57,784
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Note payable, fair value	'	'
Derivative liability - warrants	'	'
Total	'	'
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Note payable, fair value	'	'
Derivative liability - warrants	'	'
Total	'	'
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Note payable, fair value	142,089	'
Derivative liability - warrants	26,505	57,784
Total	$168,594	$57,784

Fair_Value_Measures_and_Financ5

Fair Value Measures and Financial Instruments (Schedule of Activity for Liabilities Measured at Fair Value using Unobservable Inputs) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'
Beginning balance	$57,784
Additions during the year	382,000
Total unrealized (gains) or losses included in net loss	-271,190
Transfers in and/or out of Level 3	'
Ending balance	168,594
Conversion Notes [Member]	'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'
Beginning balance	'
Additions during the year	382,000
Total unrealized (gains) or losses included in net loss	-239,911
Transfers in and/or out of Level 3	'
Ending balance	142,089
Warrants [Member]	'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'
Beginning balance	57,784
Additions during the year	'
Total unrealized (gains) or losses included in net loss	-31,279
Transfers in and/or out of Level 3	'
Ending balance	$26,505

Convertible_Promissory_Notes_D

Convertible Promissory Notes (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Convertible Promissory Notes [Abstract]	'	'
Number of units sold	10	'
Promissory note term	'13 months	'
Promissory note per unit	$50,000	'
Interest rate	7.00%	'
Term of warrants	'4 years	'
Number of shares called by each warrant	20,000	'
Proceeds from issuance of convertible debt	500,000	'
Discount rate	25.00%	'
Financing proceeds trigger amount	3,000,000	'
Conversion price per share	$1.25	'
Trading days	'10 days	'
Stock price trigger	$4.50	'
Trading volume	50,000	'
Warrants outstanding	118,000	'
Change in fair value of notes payable	$239,911	'

Convertible_Preferred_Stock_De

Convertible Preferred Stock (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2013
Series A Preferred Stock [Member]	'	'
Convertible preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]	'	'
Convertible preferred stock, shares outstanding	'	0
Convertible preferred stock, face value	'	$1,000
Conversion, preferred shares converted	10,165	'
Conversion, common shares issued	1,694,167	'
Convertible preferred stock, effective price per share	$600	'

Stockholders_equity_Narrative_

Stockholders' equity (Narrative) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding	9,544,657	'
Stock-based compensation expense	1,268,307	'
Weighted average exercise price per share	6.8	'
Weighted average remaining contractual term	'37 months	'
Unrecognized compensation expense	3,174,110	'
2007 Plan [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Maximum shares authorized for issuance	266,667	'
2011 Plan [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Maximum shares authorized for issuance	1,666,667	'
2013 Plan [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Maximum shares authorized for issuance	3,000,000	'
Stock Options [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding	1,566,667	'
Vested	1,279,630	'
Term	'5 years	'
Warrants [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding	3,881,325	'
Vested	3,279,367	'
Grants in period	1,338,333	6,300,000
Expirations	150,000	'
Warrants [Member] | Board of Directors [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Term	'5 years	'5 years
Grants in period	133,333	2,000,000
Exercise price per share	1.95	10.35
Warrants [Member] | CFO [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Term	'5 years	'
Grants in period	5,000	'
Exercise price per share	1.95	'
Warrants [Member] | Advisors, consultants, intellectual property [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Grants in period	0	'
Warrants [Member] | Investors [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding	4,096,665	'
Vested	4,096,665	'
Grants in period	4,917,276	'

Stockholders_equity_Summary_of

Stockholders' equity (Summary of Options and Warrants Outstanding) (Details) (USD $)	Dec. 31, 2013
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	9,544,657
Weighted Average Exercise Price	$6.80
2nd Qtr, 2014 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	35,380
Weighted Average Exercise Price	$8.70
3rd Qtr, 2014 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	57,333
Weighted Average Exercise Price	$9.75
4th Qtr, 2014 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	35,000
Weighted Average Exercise Price	$7.65
1st Qtr, 2015 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	81,973
Weighted Average Exercise Price	$7.80
2nd Qtr, 2015 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	78,100
Weighted Average Exercise Price	$7.80
3rd Qtr, 2015 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	10,600
Weighted Average Exercise Price	$10.05
4th Qtr, 2015 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	83,918
Weighted Average Exercise Price	$6.60
1st Qtr, 2016 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	479,246
Weighted Average Exercise Price	$7.65
2nd Qtr, 2016 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	872,800
Weighted Average Exercise Price	$7.20
3rd Qtr, 2016 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	960,100
Weighted Average Exercise Price	$6.45
4th Qtr, 2016 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	1,263,958
Weighted Average Exercise Price	$6.90
1st Qtr, 2017 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	516,808
Weighted Average Exercise Price	$7.80
2nd Qtr, 2017 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	859,750
Weighted Average Exercise Price	$6.15
3rd Qtr, 2017 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	1,076,475
Weighted Average Exercise Price	$7.65
4th Qtr, 2017 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	1,599,208
Weighted Average Exercise Price	$6.75
1st Qtr, 2018 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	1,195,675
Weighted Average Exercise Price	$6.75
2nd Qtr, 2018 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	66,667
Weighted Average Exercise Price	$5.85
1st Qtr, 2019 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	138,333
Weighted Average Exercise Price	$1.95
1st Qtr, 2023 [Member]	'
Share Based Payment Award, By Expiration Fiscal Period [Line Items]	'
Outstanding	133,333
Weighted Average Exercise Price	$7.05

Stockholders_equity_Schedule_o

Stockholders' equity (Schedule of Assumptions for Calculations of Newly Issued Options and Warrants) (Details)	3 Months Ended
	Dec. 31, 2013
Stockholders' equity [Abstract]	'
Expected life (in years)	'4 years 11 months 27 days
Weighted average volatility	90.07%
Forfeiture rate	0.00%
Risk-free interest rate	1.41%
Expected dividend rate	0.00%

Subsequent_events_Details

Subsequent events (Details) (USD $)	1 Months Ended	3 Months Ended
	Feb. 11, 2014	Dec. 31, 2013
Subsequent Event [Line Items]	'	'
Warrants to purchase common stock	'	200,000
Shares issued in business acquisition	5,250,000	'
Financing proceeds trigger amount	'	$3,000,000
Trading volume	'	50,000
Series C Preferred Stock [Member]	'	'
Subsequent Event [Line Items]	'	'
Shares authorized	3,333,334	'
Stated value	3	'
Convertible preferred stock, effective price per share	0.75	'
Force conversion, requisite closing price	4	'
Force conversion, number of days requisite closing price must be maintained	'30 days	'
Trading volume	100,000	'
Subscription Agreement [Member]	'	'
Subsequent Event [Line Items]	'	'
Series C Convertible Preferred Stock issued	1,131,099	'
Warrants to purchase common stock	4,524,396	'
Term of award	'5 years	'
Exercise price per share	1.1	'
Gross proceeds from issuance of equity	3,393,270	'
Placement Agent [Member]	'	'
Subsequent Event [Line Items]	'	'
Warrants to purchase common stock	113,110	'
Exercise price per share	1.265	'
Cash fee	534,327	'
Financing Arrangement One [Member]	'	'
Subsequent Event [Line Items]	'	'
Shares issued in business acquisition	450,000	'
Cash payment for acquisition, net	3,000,000	'
Financing Arrangement Two [Member]	'	'
Subsequent Event [Line Items]	'	'
Shares issued in business acquisition	450,000	'
Cash payment for acquisition, net	7,000,000	'
Chief Executive Officer [Member]	'	'
Subsequent Event [Line Items]	'	'
Annual compensation	375,000	'