Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' DEFICIT (Tables)

v3.3.1.900
STOCKHOLDERS' DEFICIT (Tables)
 3 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of stock-based compensation expense

Stock-based compensation expenses are generally recognized over the employees’ or service provider’s requisite service period, generally the vesting period of the award. Stock-based compensation expense included in the accompanying statements of operations for the three months ended December 31, 2015 and 2014 is as follows:   

 

    For the three months ended
December 31,		  
    2015     2014  
Research     10,400       10,400  
Product Development     9,200       18,500  
Sales and marketing     9,100       9,900  
General and administrative     11,200       23,700  
Total   $ 39,900     $ 62,500  
Schedule of stock option activity

A summary of stock option activity is as follows: 

 

    Number of 
Shares		     Weighted
Average 
Exercise 
Price		  
Outstanding at September 30, 2015     14,230,011     $ 0.75  
Granted     -          
Exercised     -       -  
Forfeited     -          
Outstanding at December 31, 2015     14,230,011     $ 0.75  
Schedule of the status of options outstanding

Following is a summary of the status of options outstanding at December 31, 2015:

 

 Exercise
Price ($)		     Number
of Shares		     Expiration
Date		   Weighted Average
Exercise Price ($)		  
                   
$ 0.055       1,750,000     08/2025   $ 0.055  
  0.04718       8,795,308     12/2022 – 01/2023     0.04718  
  0.25       2,715,109     03/2023 – 01/2025     0.25  
  0.26       425,000     07/2024     0.26  
  3.00       42,670     03/2022     3.00  
  3.60       28,648     08/2016     3.60  
  3.96       32,928     08/2016     3.96  
  9.00       4,525     11/2016     9.00  
  12.00       28,535     03/2019 – 07/2020     12.00  
  14.10       10,000     03/2021     14.10  
  15.30       1,373     09/2018     15.30  
  16.50       262,441     03/2020     16.50  
  17.70       953     08/2016     17.70  
  24.00       4,667     12/2017     24.00  
  26.70       32,297     09/2017     26.70  
  28.80       11,767     04/2018     28.80  
$ 32.70       83,790     08/2017   $ 32.70  
  Total       14,230,011     Average   $ 0.75  
Schedule of share-based compensation warrants

The warrant activity for the period starting October 1, 2013, through December 31, 2015, is described as follows:

 

    Number of 
Shares		     Weighted
Average 
Exercise Price		  
Outstanding at September 30, 2015     781,524     $ 0.53  
Granted     80,000,000       0.05  
Exercised     -       -  
Expired     (16,668 )     1.00  
Outstanding at December 31, 2015     80,764,856     $ 0.054  
Schedule of the status of warrants outstanding

Following is a summary of the status of warrants outstanding at December 31, 2015:

 

Exercise
Price		     Number
of Shares		     Expiration
Date		   Weighted Average
Exercise Price		  
                   
$ 0.04718       38,152     03/2018   $ 0.04718  
  0.05       20,000,000 (1)   12/31/2020     0.05  
  0.05       60,000,000 (2)   12/31/2020     0.05  
  0.25       332,200     04/2016 – 07/2017     0.25  
  0.275       324,000     06/2018 – 03/2019     0.275  
  1.00       50,502     10/2015 – 01/2017     1.00  
  7.50       3,334     05/2016     7.50  
$ 9.00       16,668     07/2017     9.00  
  Total       80,764,856         $ 0.054  
Schedule of black-scholes option-pricing model assumption inputs

The Black-Scholes option-pricing model assumption inputs for December 23, 2015, valuation were as follows:

 

     December 23, 2015  
Annual dividend yield     —  
Expected life (years)     5.00  
Risk-free interest rate     1.74 %
Expected volatility     272.56 %