Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK/PAID IN CAPITAL (Tables)

v3.10.0.1
COMMON STOCK/PAID IN CAPITAL (Tables)
9 Months Ended
Jun. 30, 2018
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     July 2017     August 2017     January 2018  
Warrants Issued   12.9 million     10.0 million     3.3 million     1.7 million     3.2 million     2.5 million     1.25 million     2.8 million  
Stock Price (1)   $ 0.054     $ 0.040     $ 0.032     $ 0.029     $ 0.025     $ 0.019     $ 0.016     $ 0.11  
Exercise Price   $ 0.03     $ 0.03     $ 0.03     $ 0.03     $ 0.03     $ 0.03     $ 0.03     $ 0.10  
Term     3 years       3 years       3 years       3 years       2 years       2 years       2 years       1.5 years (2)  
Risk Free Rate     .87 %     .80 %     .88 %     1.28 %     1.35 %     1.35 %     1.33 %     1.89 %
Volatility     135 %     138 %     137 %     131 %     135 %     136 %     135 %     163 %

(1) Fair market value on the date of agreement.

(2) Average term. 

  December 2016 March 2017 October 2017 December 2017
Number of Warrants Issued   550,000   1,100,000   1,100,000   1,100,000
Stock Price: $ 0.028 $ 0.0279 $ 0.04 $ 0.068
Exercise Price: $ 0.10 $ 0.10 $ 0.10 $ 0.10
Term:   5 years   5 years   5 years   5 years
Risk Free Rate:   2.02%   2.13%   1.95%   2.16%
Volatility:   155%   127%   150%   149%