Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK/PAID IN CAPITAL (Tables)

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COMMON STOCK/PAID IN CAPITAL (Tables)
9 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Fair Value Assumptions for Warrants

The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions:

 

    June 2016     July 2016     August 2016     November 2016     June 2017  
  Number of Warrants Issued   12.9 million     10.0 million     3.3 million     1.7 million     3.2 million  
Stock Price:   $ 0.054     $ 0.040     $ 0.032     $ 0.029     $ 0.025  
Exercise Price:   $ 0.03     $ 0.03     $ 0.03     $ 0.03     $ 0.03  
Term:     3 years       3 years       3 years       3 years       2 years  
Risk Free Rate:     .87 %     .80 %     .88 %     1.28 %     1.35 %
Volatility:     135 %     138 %     137 %     131 %     135 %

  

The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions:

  

    December 2016     March 2017  
Number of Warrants Issued     550,000       1,100,000  
Stock Price:   $ 0.028     $ 0.0279  
Exercise Price:   $ 0.10     $ 0.10  
Term:     5 years       5 years  
Risk Free Rate:     2.02 %     2.13 %
Volatility:     155 %     127 %