XML 29 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
COMMON STOCK, STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Mar. 31, 2016
Common Stock Stock Options And Warrants Tables  
Schedule of stock option activity

A summary of option activity under the 2014 Plan as of March 31, 2016 and the changes during the six months then ended is presented below:

 

Options   Shares    

Weighted-

Average

Exercise

Price

   

Weighted-

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

 
                             
Outstanding at October 1, 2015     3,900,000     $ 0.47     8.94 years   $ 297,000  
Granted     800,000     $ 0.54              
Assumed in acquisition     1,158,758     $ 0.07              
Exercised                        
Forfeited or expired                        
Outstanding at March 31, 2016     5,858,758     $ 0.40     8.51 years   $ 1,182,870  
Exercisable at March 31, 2016     3,487,027     $ 0.41     8.41 years   $ 673,899  
Schedule of Warrants

The following table summarizes the warrants outstanding at March 31, 2016:

 

    Exercise price     Number         Expiration Dates  
                           
Investor Warrants   $ 0.60       3,400,067         September 12, 2019  
Placement Agent Unit Warrants     0.60       680,013         September 12, 2019  

Warrants underlying Placement Agent

Unit Warrants

    0.60       680,013         September 12, 2019  
Placement Agent Share Warrants     0.60       1,000,000         September 12, 2019  
Investor Warrants     0.60       500,000         March 19, 2020  
Investor Warrants     0.60       583,334   (1 )   April 22, 2020  
Investor Warrants     0.60       258,333   (1 )   April 30, 2020  
Investor Warrants     0.60       333,334   (1 )   June 10, 2020  
Investor Warrants     0.60       100,000   (1 )   June 22, 2020  
Investor Warrants     0.60       370,370   (1 )   June 26, 2020  
Investor Warrants     0.60       208,333   (1 )   July 2, 2020  
Investor Warrants     0.60       100,000   (1 )   July 25, 2020  
Investor Warrants     0.60       333,333   (1 )   July 15, 2020  
Investor Warrants     0.60       250,000   (1 )   September 14, 2020  
Investor Warrants     0.60       166,667   (1 )   November 5, 2020  
Investor Warrants     0.60       166,667   (1 )   November 18, 2020  
Investor Warrants     0.60       250,000   (1 )   November 20, 2020  
Investor Warrants     0.60       458,333   (1 )   January 7, 2021  
Investor Warrants     0.60       241,667   (1 )   February 2, 2021  
Investor Warrants     0.60       1,000,000   (1 )   February 17, 2021  
Investor Warrants     0.60       50,000   (1 )   March 17, 2021  
Investor Warrants     0.60       383,334   (1 )   March 21, 2021  
LMB Warrants     0.41       1,352,266         June 12, 2019 - March 2, 2021  
LMB Warrants     0.66       122,319         September 30, 2019 - January 8, 2020  
LMB Warrants     1.38       265,814         November 3, 2019 - March 6, 2020  
LMB Warrants     0.50       1,108,249         August 18, 2020 – March 14, 2021  
LMB Warrants     0.91       796,649         March 24, 2022 – April 29, 2022  
              15,159,095            

 

  (1) Fair value of these warrants are included in the derivative warrant liability