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)
3 Months Ended
Dec. 31, 2018
Common Stockpaid In Capital  
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 (2)     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. 

(2) Average term.

 

    Effective Date December 2018
Number of Warrants Issued   9,662,500
Stock Price $ 0.044
Exercise Price $ 0.09
Term   3 years
Risk Free Rate   2.46%
Volatility   149%
Schedule of warrants issued in conjunction with Financing Notes

Below is a summary of warrants issued in conjunction with convertible notes which were paid in full as of September 30, 2018. The warrants are outstanding at December 31, 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       3.00     $ 0.10       550,000     $ 0.10  
 $ 0.10       1,100,000       3.21     $ 0.10       1,100,000     $ 0.10  
 $ 0.10       1,100,000       3.79     $ 0.10       1,100,000     $ 0.10  
 $ 0.10       1,100,000       3.96     $ 0.10       1,100,000     $ 0.10