Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITIES (Tables)

v3.5.0.2
DERIVATIVE LIABILITIES (Tables)
 9 Months Ended
Jun. 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 June 30, 2016		  
    Low     High  
Annual dividend yield     —       —  
Expected life (years)     0.2       2.00  
Risk-free interest rate     0.08 %     1.06 %
Expected volatility     47.83 %     232.60 %
Schedule of changes in the derivative valuation

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

 

    Nine months Ended June 30, 2016  
    Level 1     Level 2     Level 3  
                   
Stock warrant and other derivative liabilities at September 30, 2015   $ -     $ -     $ 833,000  
$3M of convertible debt prior to amendment     -       -       (772,800 )
$3M of convertible debt as amended     -       -       962,300  
Issuance of warrants and other derivatives     -       -       714,200  
Change in fair value     -       -       (263,100 )
Stock warrant and other derivative liabilities at June 30, 2016   $ -     $ -     $ 1,473,600  

 

    Nine months Ended June 30, 2015  
    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 June 30, 2015   $ -     $ -     $ -