Quarterly report pursuant to Section 13 or 15(d)

11. Warrants (Tables)

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11. Warrants (Tables)
 9 Months Ended
Jun. 30, 2019
Warrants and Rights Note Disclosure [Abstract]  
Warrant activity

The Company issued several notes in prior periods and converted them, resulting in the issuance of warrants. The following table summarizes information about the Company’s warrants at June 30, 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 June 30, 2019     118,029     $ 20.80       0.60     $ 1,775,767  
Exercisable at June 30, 2019     118,029     $ 20.80       0.60     $ 1,775,767  
Warrants outstanding and exercisable

The exercise price for the Series B Convertible Preferred Stock warrants outstanding and exercisable at June 30, 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