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Senior Convertible Debentures (Tables)
 3 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of senior convertible debentures

 

    December 31,     September 30,  
Senior Convertible Debentures   2015     2015  
             
Senior Convertible Debentures, non-interest                
bearing, unsecured, due March 18, 2044   $ 4,982     $ 6,144  
Less: Debt Discount     (4,717 )     (5,812 )
Total carrying value     265       332  
Less: current portion     -       -  
Long term liability   $ 265     $ 332  
Schedule of issuance of debentures

In connection with the issuance of the Debentures, the Company issued an aggregate of 16,916,666 share purchase warrants as follows:

 

          Non-        
    Purchasers     purchasers     Total  
Series A Warrants     8,333,333       125,000       8,458,333  
Series B Warrants     8,333,333       125,000       8,458,333  
      16,666,666       250,000       16,916,666  
Schedule of fair value of the purchaser and non-purchaser warrants

The fair value of the Purchaser and Non-Purchaser warrants at issuance was determined using the Black Scholes option pricing model with the following weighted average assumptions:

 

Risk-free interest rate     1.56 %
Expected life (years)     5.00  
Expected volatility     97.16 %
Stock price   $ 1.76  
Dividend yields     0.00 %