Quarterly report pursuant to Section 13 or 15(d)

8. Warrants

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8. Warrants
 9 Months Ended
Jun. 30, 2014
Warrants and Rights Note Disclosure [Abstract]  
Warrants

As discussed in Note 4, 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, 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 June 30, 2014     2,866,506       0.63       3.64     $ 10,717,143  
Exercisable at June 30, 2014     2,866,506       0.63       3.64     $ 10,717,143