Quarterly report pursuant to Section 13 or 15(d)

11. Warrants (Tables)

v3.19.1
11. Warrants (Tables)
 6 Months Ended
Mar. 31, 2019
Warrants and Rights Note Disclosure [Abstract]  
Warrant activity

The following table summarizes information about the Company’s warrants at March 31, 2019 and September 30, 2018, respectively:

 

      Number of units - Series B Convertible preferred warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (in years)       Intrinsic Value  
Outstanding at September 30, 2018       118,029     $ 20.80       1.35     $ 2,855,734  
Exercisable at September 30, 2018       118,029     $ 20.80       1.35     $ 2,855,734  
                                   
Outstanding at March 31, 2019       118,029     $ 20.80       0.85     $ 2,147,559  
Exercisable at March 31, 2019       118,029     $ 20.80       0.85     $ 2,147,559  
Warrants outstanding and exercisable

The exercise price for the Series B Convertible Preferred Stock warrants outstanding and exercisable at March 31, 2019 and September 30, 2018, are as follows:

 

Series B Convertible Preferred  
Outstanding     Exercisable  
Number of     Exercise     Number of     Exercise  
Warrants     Price     Warrants     Price  
  54,396     $ 16.60       54,396     $ 16.60  
  17,857       16.80       17,857       16.80  
  12,383       24.30       12,383       24.30  
  33,393       28.50       33,393       28.50  
  118,029               118,029