Annual report pursuant to section 13 and 15(d)

Note 6. Long-Term Debt (Details Narrative)

v2.4.0.6
Note 6. Long-Term Debt (Details Narrative) (USD $)
12 Months Ended
Sep. 30, 2012
Purchase Agreement with ICG
 
Maturity date Apr. 03, 2013
Interest rate 8.00%
Initial principal amount $ 250,000
Beneficial conversion feature/debt discount 166,667
Note converted - conversion price $ 2.38
Note converted - shares issued 109,139
Warrants issued upon conversion 109,139
Interest expense recognized on transaction 97,222
Fair value of warrants issued charged as interest expense 322,927
2nd Note ICG
 
Initial principal amount $ 250,000
Note converted - conversion price $ 2.02
Note converted - shares issued 123,829
Warrants issued upon conversion 123,829