2011 INCENTIVE STOCK PLAN

3 Months Ended

Dec. 31, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

9. 2011 INCENTIVE STOCK PLAN

On October 17, 2011, the Board of Directors of the Company approved the Double Eagle Holdings, Ltd. 2011 Incentive Stock Plan ("Plan").  The maximum number of shares authorized and available under the Plan is 20,000,000 shares and the Plan was approved on December 8, 2011 by written consent of a majority of the Company's shareholders.  Under the terms of the Plan, the options expire after 5 years.  The Company has reserved 20,000,000 shares of common stock for the grant of qualified incentive options or non-qualified options to employees and directors of the Company or its parents or subsidiaries, and to non-employee directors, consultants and advisors and other persons who may perform significant services for or on behalf of the Company under the Plan.  Prices for incentive stock options must provide for an exercise price of not less than 100% of the fair market value of the common stock on the date the options are granted unless the eligible employee owns more than 10% of the Company's common stock for which the exercise price must be at least 110% of such fair market value.

During the three months ended December 31, 2012, the Company granted options for 22,597,598 shares of restricted common stock, under the Plan, with a fair value of $1,184,129.  

Data concerning all stock options granted during the three months ended December 31, 2012 is as follows:

			Weighted-
			Average		Number
	Number		Remaining		of
Exercise	of		Contractual		Options
Price Range	Options		Life (Years)		Exercisable
$0.11 - $0.20		18,073,073		4.82		4,029,948
$0.20 - $0.30		4,524,525		4.80		1,061,400

The fair value of each option on the date of grant is estimated using the Black Scholes option valuation model.  The following weighted-average assumptions were used for options granted during the three months ended December 31, 2012:

	2012
Expected term		1-5 years
Expected average volatility		39%-62%
Expected dividend yield		0%
Risk-free interest rate		.62%-.78%
Expected annual forfeiture rate		0%

The fair value of each option on the date of grant is estimated using the Black Scholes option valuation model.  The following weighted-average assumptions were used for options granted during the year ended September 30, 2012: 

	2012
Expected term		1-5 years
Expected average volatility		163.08%-296.24%
Expected dividend yield		0%
Risk-free interest rate		.3%-3.12%
Expected annual forfeiture rate		0%

At December 31, 2012, the Company had the following common stock equivalents from convertible debt and the detachable warrants issued with the convertible debt, which are not included in the information above.

			Exercise
	Amount		Price		Shares
Convertible debt	$	5,000	$	0.025		200,000
Convertible debt	$	100,000	$	0.120		833,333
Convertible debt	$	19,000		0.130		146,154
Detachable warrants			$	0.120		5,792,480
Detachable warrants			$	0.120		2,817,176
Detachable warrants			$	0.120		750,000
Detachable warrants			$	0.250		3,583,334
Detachable warrants – A			$	0.130		24,403,593
						38,526,070

At September 30, 2012, the Company had the following common stock equivalents from convertible debt and the detachable warrants issued with the convertible debt, which are not included in the information above.

			Exercise
	Amount		Price		Shares
Convertible debt	$	5,000	$	0.025		200,000
Convertible debt	$	100,000	$	0.120		833,333
Convertible debt		144,605		0.130		1,112,346
Detachable warrants			$	0.120		5,792,480
Detachable warrants			$	0.120		2,817,176
Detachable warrants			$	0.120		750,000
Detachable warrants			$	0.250		3,583,334
Detachable warrants – A			$	0.130		25,746,553
Detachable warrants – B			$	0.130		14,649,605
						55,484,827