Stockholders' Equity (Tables)

9 Months Ended

Jun. 30, 2014

Assumptions used for valuation of warrants at fair value

Expected life:	5 years
Expected volatility:	118	%
Risk free interest rate:	2.55	%
Expected dividends:	0	%

Summary of all warrant grants

	Number of Warrants		Weighted Average Exercise Price
Stock Warrants
Balance at September 30, 2013	-		$-
Granted		250,000		0.90
Exercised		-		-
Expired		-		-
Balance at June 30, 2014		250,000	$	0.90
Warrants Exercisable at June 30, 2014		250,000	$	0.90
Weighted Average Fair Value of Warrants Granted During 2014			$	1.04

Summarized information about stock warrants

June 30, 2014 Warrants Outstanding								Warrants Exercisable
Range of Exercise Price		Number Outstanding at June 30, 2014		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at June 30, 2014		Weighted Average Exercise Price
$	0.90		250,000		4.75	$	0.90		250,000	$	0.90

- 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+ Details

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