Annual report pursuant to Section 13 and 15(d)

DERIVATIVE LIABILITIES (Tables)

v3.6.0.2
DERIVATIVE LIABILITIES (Tables)
 12 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of black-scholes option-pricing model assumption inputs

The range of Black-Scholes option-pricing model assumption inputs for all the valuation dates are in the table below:

 

    September 30, 2015 
through to September 30, 2016		  
    Low     High  
Annual dividend yield     —       —  
Expected life (years)     2.5       5.00  
Risk-free interest rate     0.56 %     1.81 %
Expected volatility     191.05 %     273.10 %
Schedule of changes in the derivative valuation

The following tables include a roll-forward of liabilities classified within Levels 1, 2 and 3: 

 

    Level 1     Level 2     Level 3  
                   
Stock warrant and other derivative liabilities at September 30, 2014   $ -     $ -     $ 153,100  
Change in fair value     -       -       (153,100 )
Stock warrant and other derivative liabilities at September 30, 2015                     833,000  
Total derivative liabilities at September 30, 2015   $ -     $ -     $ 833,000  
$3M of convertible debt prior to amendment 12/22/15     -       -       (772,800 )
$3M of convertible debt as amended 12/23/15     -       -       962,300  
Change in fair value as of 06/30/26     -       -       (263,100 )
Derivative liabilities upon Note origination 12/23/15 through 8/16/16     -       -       1,079,800  
$6M of convertible debt prior to amendment 09/16/16     -       -       1,070,500  
$6M of convertible debt as amended 09/19/16     -       -       3,412,300  
 Elimination of derivative liabilities on Note conversion to Common Stock     -       -       (6,322,000 )
Total derivative liabilities at September 30, 2016   $ -     $ -     $ -