Annual report pursuant to Section 13 and 15(d)

COMMON STOCK/PAID IN CAPITAL (Tables)

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COMMON STOCK/PAID IN CAPITAL (Tables)
12 Months Ended
Sep. 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:   $ 0.054 (1)   $ 0.040 (1)   $ 0.032 (1)   $ 0.029 (1)   $ 0.025 (1)   $ 0.019 (1)   $ 0.016 (1)   $ 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  
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.
Schedule of warrants issued in conjunction with Financing Notes

A summary of warrants, issued in conjunction with the Bridge Financing Notes and outstanding at September 30, 2018:

 

          Warrants Outstanding     Warrants Exercisable  
Date Issued   Exercise Price     Number Outstanding     Weighted Average Remaining Contractual Life (Yrs)     Weighted Average Exercise Price     Number Exercisable     Weighted Average Exercise Price  
June 2016   $ 0.03       12,566,667       .69     $ 0.03       12,566,667     $ 0.03  
July 2016   $ 0.03       10,000,000       .79     $ 0.03       10,000,000     $ 0.03  
August 2016   $ 0.03       3,333,333       .88     $ 0.03       3,333,333     $ 0.03  
November 2016   $ 0.03       1,666,667       1.13     $ 0.03       1,666,667     $ 0.03  
June 2017   $ 0.03       3,141,667       .69     $ 0.03       3,141,667     $ 0.03  
July 2017   $ 0.03       2,500,000       .79     $ 0.03       2,500,000     $ 0.03  
August 2017   $ 0.03       833,333       .88     $ 0.03       833,333     $ 0.03  
August 2017   $ 0.03       416,667       1.13     $ 0.03       416,667     $ 0.03  
January 2018   $ 0.10       2,790,000        .78     $ 0.10       2,790,000     $ 0.10  

 

A summary of the Financing Note warrants, issued in conjunction with the Financing Notes and outstanding at September 30, 2018:

 

      Warrants Outstanding     Warrants Exercisable  
Exercise Price     Number Outstanding     Remaining Contractual Life (Yrs)     Weighted Average Exercise Price     Number Exercisable     Weighted Average Exercise Price  
 $ 0.10       550,000       3.25     $ 0.10       550,000     $ 0.10  
 $ 0.10       1,100,000       3.46     $ 0.10       1,100,000     $ 0.10  
 $ 0.10       1,100,000       4.04     $ 0.10       1,100,000     $ 0.10  
 $ 0.10       1,100,000       4.21     $ 0.10       1,100,000     $ 0.10