Quarterly report pursuant to sections 13 or 15(d)

8. Warrants

v2.4.0.8
8. Warrants
 6 Months Ended
Mar. 31, 2014
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 March 31, 2014:

 

        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 March 31, 2014       2,866,506       0.63       3.89       17,797,412  
  Exercisable at March 31, 2014       2,866,506       0.63       3.89       17,797,412