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6. SHAREHOLDERS EQUITY (DEFICIT) (Tables)
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Shareholders Equity Deficit Tables    
Common stock warrants granted, forfeited or expired and exercised

 

          Weighted Average Exercise  
    Warrants     Price Per Shares  
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  

 

 

       
             
Granted   1,265,823     $ 0.12  
Forfeited or expired   0     $ 0.00  
Exercised   0     $ 0.00  
Outstanding – December 31, 2012   8,881,310     $ 0.40  


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
Number of Warrant Exercise Warrant
Warrants Issued Price Per Share Expiration Date
595,238 $1.26 5-Oct-13
449,438 $1.34 25-Jan-14
510,204 $1.47 23-Feb-14
2,727,273 $0.33 9-Aug-14
1,666,667 $0.18 21-Feb-15
1,666,667 $0.09 20-Sep-15
1,265,823 $0.12 3-Oct-15
8,881,310

   

 

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