Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT AND EQUITY FINANCINGS (Tables)

v2.4.1.9
CONVERTIBLE DEBT AND EQUITY FINANCINGS (Tables)
6 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Convertible Debt [Table Text Block]
 
 
 
 
As of March 31, 2015
 
Note Type and Investor
 
Due Date
 
Balance
 
Discount
 
Carrying
Value
 
Senior Secured 5% Notes Convertible at $0.25
(the “September 2014 Notes”)
 
 
 
($)
 
($)
 
($)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RSJ Private Equity
 
03/21/2016
 
$
750,000
 
$
(44,600)
 
$
705,400
 
4 Accredited Investors
 
03/21/2016
 
 
300,000
 
 
(19,100)
 
 
280,900
 
John Pappajohn
 
03/21/2016
 
 
300,000
 
 
(23,300)
 
 
276,700
 
Tierney Family Trust
 
03/21/2016
 
 
415,000
 
 
(34,100)
 
 
380,900
 
Oman Ventures
 
03/21/2016
 
 
200,000
 
 
(16,900)
 
 
183,100
 
Follman Family Trust
 
03/21/2016
 
 
100,000
 
 
(6,300)
 
 
93,700
 
Total Secured Convertible Promissory (September 2014) Notes
 
 
 
$
2,065,000
 
$
(144,300)
 
$
1,920,700