7. Stockholders equity (Tables)

3 Months Ended

Dec. 31, 2012

Equity [Abstract]

Warrrants outstanding

The number of shares of common stock subject to exercise and the exercise price of all options and warrants outstanding at December 31, 2012 is as follows:

Shares Outstanding		Weighted Average Exercise Price		Shares Vested		Expiration Fiscal Period
	2,805,600	$	1.45		2,805,600	4th Qtr, 2013
	40,000		0.01		40,000	3rd Qtr, 2014
	200,000		1.25		200,000	4th Qtr, 2014
	108,500		0.40		108,500	1st Qtr, 2015
	104,000		0.19		104,000	2nd Qtr. 2015
	30,000		0.53		30,000	4th Qtr, 2016
	50,000		0.50		50,000	1st Qtr, 2017
	50,000		0.50		50,000	2nd Qtr. 2017
	1,079,000		0.55		740,452	4th Qtr, 2021
	125,000		0.53		41,665	1st Qtr, 2022
	35,000		0.53		10,208	2nd Qtr, 2022
	1,462		3.25		1,462	3rd Qtr, 2022
	52,000		0.75		-	1st Qtr, 2023
	4,680,562				4,181,887

Weighted average assumptions for Black-Scholes-Merton option pricing formula

The following weighted average assumptions were used for the calculations during the three months ended December 31, 2012:

Expected life (in years)	3.74 years
Weighted average volatility		135.89	%
Forfeiture rate		20.00	%
Risk-free interest rate		1.06	%
Expected dividend rate		-	%

Exercise prices for options and warrants granted and outstanding which resulted in stock based compensation charges

The exercise prices for options and warrants granted and outstanding which resulted in stock based compensation charges was as follows at December 31, 2012:

Exercise Price Range			Number of options or warrants
	$	0.25 - 0.50	100,000
	$	0.51 – 0.75	1,297,000
	$	0.76 - 1.00	-
	$	1.01 - 1.25	624,000
	$	1.26 - 2.00	32,500
	$	2.01 - 3.00	-
	$	3.01 - 4.00	1,462
			2,054,962

Summary of non-vested options and warrants

A summary of the status of our non-vested options and warrants as of December 31, 2012 and changes during the three months then ended is as follows:

	Shares
Non-vested outstanding, October 1, 2012		613,360
Granted		152,000
Vested		(266,685	)
Cancelled		-
Non-vested outstanding, December 31, 2012		498,675

Shares of common stock reserved for future issuance

The following table summarizes shares of our common stock reserved for future issuance at December 31, 2012:

Stock options outstanding	1,133,462
Stock options available for future grant under the 2011 Plan	366,538
Warrants	3,547,100
Total common shares reserved for future issuance	5,047,100