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I. NET LOSS PER SHARE

9 Months Ended

Jun. 30, 2014

The Company’s basic and diluted loss per share (LPS) are as follows: For the nine months ended June 30, 2014 and 2013, the computation of dilutive LPS excluded options and warrants to purchase approximately 39,878,000 and 12,556,000 shares of common stock because their inclusion would have an anti-dilutive effect. Additionally, for the nine and three months ended June 30, 2013, the gain on derivatives is not included in net loss in calculating dilutive loss per share because its effect is anti-dilutive.

	Nine months ended June 30, 2014
	Net Loss			Weighted Average Shares		LPS

Basic and dilutive LPS	$	(21,261,925	)		56,343,806	$	(0.38	)

	Three Months Ended June 30, 2014
	Net Loss			Weighted Average Shares		LPS

Basic loss per share	$	(2,444,480	)		64,664,274	$	(0.04	)
Gain on derivatives		(4,467,776	)

Dilutive loss per share	$	(6,912,256	)		64,664,274	$	(0.11	)

	Nine months ended June 30, 2013
	Net Loss			Weighted Average Shares		LPS

Basic loss per share	$	(7,530,621	)		30,038,324	$	(0.25	)
Gain on derivatives		(7,363,854	)

Dilutive loss per share	$	(14,894,475	)		30,038,324	$	(0.50	)

	Three Months Ended June 30, 2013
	Net Loss			Weighted Average Shares		LPS

Basic loss per share	$	(4,507,004	)		30,930,650	$	(0.15	)
Gain on derivatives		(1,079,392	)

Dilutive loss per share	$	(5,586,396	)		30,930,650	$	(0.18	)

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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