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5. SHAREHOLDERS EQUITY (DEFICIT) (Tables)
12 Months Ended
Sep. 30, 2012
Shareholders Equity Deficit Tables  
Common stock warrants granted, forfeited or expired and exercised


The following is a summary of the common stock warrants granted, forfeited or expired and exercised.

 

     Weighted Average Exercise  
   Warrants    Price Per Shares  
 Outstanding – October 1, 2010  0  $0.00  
 Granted    4,282,153  $0.70  
 Forfeited or expired  0  $0.00  
 Exercised                   0  $0.00  
 Outstanding – September 30, 2011   4,282,153  $0.70  
 Granted    3,333,334   $0.14  
 Forfeited or expired  0  $0.00  
 Exercised                   0  $0.00  
 Outstanding – September 30, 2012   7,615,487  $0.45  

 

Warrants to purchase common stock outstanding

 

As of September 30, 2012, the Company has the following warrants to purchase common stock outstanding:

 

 

 Number of     Warrant Exercise    Warrant  
 Warrants Issued    Price Per Share    Expiration Date  
 595,238    $1.26   October 5, 2013  
 449,438    $1.34  January 25, 2014  
 510,204   $1.47  February 23, 2014  
 2,727,273  $0.33  August 9, 2014  
 1,666,667   $0.18   February 21, 2015  
 1,666,667  $0.09  September 20, 2015  
 7,615,487