Common Stock (Tables)

3 Months Ended

Dec. 31, 2015

Summary of Company's warrants outstanding

	Shares Underlying Warrants Outstanding						Shares Underlying Warrants Exercisable
Range of Exercise Price	Shares Underlying Warrants Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Shares Underlying Warrants Exercisable		Weighted Average Exercise Price

$0.105 at December 31, 2015		52,155,221		0.90	$	0.105		52,155,221	$	0.105
$0.075 at December 31, 2015		520,000		0.47		0.075		520,000		0.075
		52,675,221		0.89	$	0.105		52,675,221	$	0.105

Summary of warrants activity

Number of Warrants

Weighted Average Exercise Price

Intrinsic Value

Balance, September 30, 2015

52,675,221

0.105

–

Cancelled

–

Granted

–

Exercised

–

Balance, December 31, 2015

52,675,221

0.105

–

Outstanding Warrants, December 31, 2015

52,675,221

0.105

–

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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