Quarterly report pursuant to sections 13 or 15(d)

7. Warrants

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7. Warrants
 3 Months Ended
Dec. 31, 2013
Warrants and Rights Note Disclosure [Abstract]  
Warrants

As discussed in Note 5, the Company issued several Notes and converted them resulting in the issuance of warrants. The following table summarizes information about the Company’s warrants at December 31, 2013:

 

    Number of Units     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (in years)     Intrinsic Value  
Outstanding at September 30, 2013     2,866,506     $ 0.63                  
Granted     –                          
Exercised     –                          
Outstanding at December 31, 2013     2,866,506       0.63       4.14       1,987,969  
Exerciseable at December 31, 2013     2,866,506       0.63       4.14       1,987,969