v3.8.0.1

Related Party Transactions (Details Narrative) - Major Shareholder - USD ($)	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016
Consulting services, description	January 2015, the Company entered into an agreement with a company that is owned and controlled by a major shareholder, to provide consulting services. Fees payable for performance of the consulting services are $10,000 per month.
Stock options, granted	4,200,000
Stock options. granted, value	$ 34,683
Stock options, exercise price	$ 0.15
Stock options, contractual term	5 years
Stock price at grant date	$ 0.0517
Stock options, expected life	2 years 6 months
Stock options, volatility	70.00%
Stock options, risk free rate	0.03%
Balance for services rendered		$ 90,000	$ 90,000

Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received.

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A description of the related party transaction, including transactions to which no amounts or nominal amounts were ascribed and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements. Examples of common related party transactions are, sales, purchases and transfers of realty and personal property, services received or furnished, loans and leases to and from top management and affiliates.

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The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

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The risk-free interest rate assumption that is used in valuing an option on its own shares.

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Net number of share options (or share units) granted during the period.

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Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.

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Price of a single share of a number of saleable stocks of a company.

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Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.

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Weighted average remaining contractual term of exercisable stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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MEDICAL IMAGING CORP. 10-Q