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STOCK WARRANTS
 3 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
STOCK WARRANTS

The following is a summary of stock warrant activity during the three months ended December 31, 2017 and year ended September 30, 2017. 

 

   Number of Shares  Weighted Average Exercise Price
Balance, September 30, 2016   13,112,100  $0.59
Warrants granted and assumed   —    $—  
Warrants expired   —     —  
Warrants canceled   —     —  
Warrants exercised   4,500,000   0.083
Balance, September 30, 2017   8,612,100  $0.85
Warrants granted and assumed   —    $—  
Warrants expired   —     —  
Warrants canceled   —     —  
Warrants exercised   27,548   0.363
Balance, December 31, 2017   8,584,552  $0.85

 

As of December 31, 2017, there are warrants exercisable to purchase 8,584,552 shares of common stock in the Company.

 

On December 13, 2017, an investor exercised warrants to purchase 27,548 shares of the Company’s $0.001 par value common stock at a purchase price equal to $0.363 for each share of Common stock. The Company receive $10,000 as a result of this exercise.