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9. Stock Options: Share-Based Compensation, Stock Options, Activity (Tables)
12 Months Ended
Sep. 30, 2017
Tables/Schedules  
Share-Based Compensation, Stock Options, Activity

 

The following table summarizes stock option activity for the year ended September 30, 2017.

 

 

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

Average

 

 

 

 

 

 

Number of

 

 

Exercise

 

 

Remaining

 

 

Aggregate

 

 

 

Shares

 

 

Price

 

 

Contractual Life (years)

 

 

Intrinsic Value

 

Outstanding at September 30, 2016

 

 

573,000

 

 

$

0.54

 

 

 

 

 

 

 

Granted

 

 

2,684,000

 

 

 

0.48

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Expired

 

 

(192,500

)

 

 

0.48

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Outstanding at September 30, 2017

 

 

3,064,500

 

 

$

0.58

 

 

 

9.6

 

 

 

17,425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2017

 

 

180,500

 

 

$

0.48

 

 

 

8.4

 

 

 

17,425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table summarizes stock option activity for the year ended of September 30, 2016.

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Average

 

 

 

 

 

 

 

Number of

 

 

Exercise

 

 

Remaining

 

 

Aggregate

 

 

 

Shares

 

 

Price

 

 

Contractual Life (years)

 

 

Intrinsic Value

 

Outstanding at September 30, 2015

 

 

2,833,333

 

 

$

0.48

 

 

 

 

 

 

 

 

 

Granted

 

 

618,000

 

 

 

0.67

 

 

 

 

 

 

 

 

 

Exercised

 

 

(5,000

)

 

 

0.30

 

 

 

 

 

 

 

 

 

Expired

 

 

(40,000

)

 

 

0.30

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(2,833,333

)

 

 

0.48

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

573,000

 

 

$

0.70

 

 

 

9.6

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

 

195,000

 

 

$

0.42

 

 

 

9.6

 

 

$

-