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15. EQUITY (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2013 | Sep. 30, 2012
Notes to Financial Statements |  |
Summary of the warrants issued | A summary of the warrants issued as of June 30, 2013 were as follows:
|  | June 30, 2013 |
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  |  |  |  | Exercise |
|  | Shares |  |  | Price |
Outstanding at beginning of period |  |  | 3,369,050 |  |  | $ | 0.307 |
Issued |  |  | 110,080,000 |  |  |  | 0.100 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | (300,000 | ) |  |  | (0.200 | )
Expired |  |  | (792,000 | ) |  |  | (0.500 | )
Outstanding at end of period |  |  | 112,357,050 |  |  | $ | 0.173 |
Exerciseable at end of period |  |  | 112,357,050 |  |  |  |  |
| A summary of the warrants issued as of September 30, 2012 were as follows:
|  | September 30, 2012 |
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  |  |  |  | Exercise |
|  | Shares |  |  | Price |
Outstanding at beginning of period |  |  | 4,569,050 |  |  |  | 0.410 |
Issued |  |  | 600,000 |  |  |  | 0.100 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |
Expired |  |  | (1800000 | ) |  |  | (0.500 | )
Outstanding at end of period |  |  | 3,369,050 |  |  |  | 0.307 |
Exerciseable at end of period |  |  | 3,369,050 |  |  |  |  |
Summary of the status of the warrants outstanding | A summary of the status of the warrants outstanding as of June 30, 2013 is presented below:
|  |  | June 30, 2013 |
|  |  | Weighted |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  | Average |  |  | Average |  |  |  |  |  | Average |
Number of |  |  | Remaining |  |  | Exercise |  |  | Shares |  |  | Exercise |
Warrants |  |  | Life |  |  | Price |  |  | Exerciseable |  |  | Price |
| 6,080,000 |  |  |  | 4.37 |  |  | $ | 0.100 |  |  |  | 6,080,000 |  |  | $ | 0.100 |
| 52,300,000 |  |  |  | 4.88 |  |  |  | 0.150 |  |  |  | 52,300,000 |  |  |  | 0.150 |
| 52,300,000 |  |  |  | 4.88 |  |  |  | 0.200 |  |  |  | 52,300,000 |  |  |  | 0.200 |
| 1,059,073 |  |  |  | 0.62 |  |  |  | 0.20-0.29 |  |  |  | 1,059,073 |  |  |  | 0.20-0.29 |
| 117,977 |  |  |  | 0.80 |  |  |  | 0.30-0.39 |  |  |  | 117,977 |  |  |  | 0.30-0.39 |
| 500,000 |  |  |  | 0.63 |  |  |  | 0.40-0.49 |  |  |  | 500,000 |  |  |  | 0.40-0.49 |
| 112,357,050 |  |  |  | 4.75 |  |  | $ | 0.173 |  |  |  | 112,357,050 |  |  | $ | 0.173 |
| A summary of the status of the warrants outstanding as of September 30, 2012 is presented below:
|  |  | September 30, 2012 |
|  |  | Weighted |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  | Average |  |  | Average |  |  |  |  |  | Average |
Number of |  |  | Remaining |  |  | Exercise |  |  | Shares |  |  | Exercise |
Warrants |  |  | Life |  |  | Price |  |  | Exerciseable |  |  | Price |
| 600,000 |  |  |  | 2.50 |  |  | $ | 0.100 |  |  |  | 600,000 |  |  | $ | 0.100 |
| 1,359,073 |  |  |  | 1.26 |  |  |  | 0.20-0.29 |  |  |  | 1,359,073 |  |  |  | 0.20-0.29 |
| 117,977 |  |  |  | 1.55 |  |  |  | 0.30-0.39 |  |  |  | 117,977 |  |  |  | 0.30-0.39 |
| 500,000 |  |  |  | 1.38 |  |  |  | 0.40-0.49 |  |  |  | 500,000 |  |  |  | 0.40-0.49 |
| 792,000 |  |  |  | 3.63 |  |  |  | 0.500 |  |  |  | 792,000 |  |  |  | 0.500 |
| 3,369,050 |  |  |  | 2.27 |  |  | $ | 0.307 |  |  |  | 3,369,050 |  |  | $ | 0.307 |
Weighted average assumptions relating to the valuation of the Companys warrants | The significant weighted average assumptions relating to the valuation of the Company’s warrants for the period ended June 30, 2013 were as follows:
Dividend yield | 0%
Expected life | 3-5 years
Expected volatility | 143%
Risk free interest rate | 1.5%
| The significant weighted average assumptions relating to the valuation of the Company’s warrants for the year ended September 30, 2012 were as follows:
Assumptions |  |  |
Dividend yield |  |  | 0 | %
Expected life |  |  | 3 |
Expected volatility |  |  | 143 | %
Risk free interest rate |  |  | 2 | %

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph i -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 28 -Article 5 + Details
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