Stock Options (Tables)

9 Months Ended

Jun. 30, 2012

Stock Options

Compensation expense is based upon straight-line depreciation of the grant-date fair value over the vesting period of the underlying unit option.

	Shares Underlying Options Outstanding						Shares Underlying Options Exercisable
Range of Exercise Prices	Shares Underlying Options Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Shares Underlying Options Exercisable		Weighted Average Exercise Price
$0.47 at June 30, 2012		240,000		0.22	$	0.47		240,000	$	0.47
$0.14 at June 30, 2012		2,736,000		3.69		0.14		1,836,000		0.14
		2,976,000		3.41	$	0.17		2,076,000	$	0.18

Stock Option Activity

The following is a summary of stock option activity as at June 30, 2012:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Fair Market Value
Balance, September 30, 2011		3,351,000		$	0.23	$	0.15
Options expired October 25, 2011		(375,000	)		0.71		0.27
Balance, June 30, 2012		2,976,000		$	0.17	$	0.13
Exercisable, June 30, 2012		2,076,000		$	0.18	$	0.14

Non-vested Stock Options

The following table summarizes the activity of the Company’s non-vested stock options since September 30, 2011:

	Non-Vested Options
	Number of  Shares			Weighted Average Exercise Price
Non-vested at September 30, 2011		1,800,000		$	0.14
Options vested at March 23, 2012		(900,000	)	$	0.14
Non-vested at June 30, 2012		900,000		$	0.14