Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.7.0.1
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of stock-based compensation expense

Stock-based compensation expense included in the accompanying statements of operations for the year ended March 31, 2017 and 2016 is as follows:    

 

    For the three months ended
March 31
 
    2017     2016  
Research   $ 2,200     $ 10,400  
Product Development     93,000       7,700  
Sales and marketing     24,400       14,900  
General and administrative     62,100       7,200  
Total   $ 181,700     $ 40,200  

  

    For the six months ended
March 31
 
    2017     2016  
Research   $ 8,700     $ 20,800  
Product Development     190,400       16,800  
Sales and marketing     46,900       14,900  
General and administrative     216,700       18,400  
Total   $ 462,700     $ 70,900  
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, 2016     223,120     $ 50.98  
Granted     102,000       6.00  
Exercised     -       -  
Forfeited     (25 )     1,800.00  
Outstanding at December 31, 2016     325,095     $ 36.74  
Granted     23,000       6.19  
Exercised     -       -  
Forfeited     -       -  
Outstanding at March 31, 2017     348,095     $ 34.72  
Schedule of the status of options outstanding

Following is a summary of the status of options outstanding at March 31, 2017:

 

Exercise
Price ($)
    Number
of Shares
    Expiration
Date
  Weighted Average
Exercise Price ($)
 
2012 Omnibus Incentive Compensation Plan             
$ 5.10       8,250     04/2026   $ 5.10  
  5.90       18,000     03/2027     5.90  
  6.00       246,000     09/2026 – 10/2026     6.00  
  7.25       5,000     02/2017     7.25  
  11.00       8,750     08/2025     11.00  
  9.44       43,978     12/2022 – 01/2023     9.44  
  50.00       13,577     03/2023 – 01/2025     50.00  
  52.00       2,125     07/2024     52.00  
  600.00       216     03/2022     600.00  
  Total 2012 Plan       345,896         $ 8.94  
                         
2006 Stock Incentive Plan              
$ 2,400.00       144     03/2019 – 07/2020   $ 2,400.00  
  2,820.00       51     03/2021     2,820.00  
  3,060.00       7     09/2018     3,060.00  
  3,300.00       1,325     03/2020     3,300.00  
  4,800.00       24     12/2017     4,800.00  
  5,340.00       162     09/2017     5,340.00  
  5,760.00       61     04/2018     5,760.00  
  6,540.00       425     08/2017     6,540.00  
  Total 2006 Plan       2,199         $ 4,090.26  
  Total options outstanding       348,095     Average   $ 34.72  
Schedule of share-based compensation warrants

The warrant activity for the period starting October 1, 2016, through March 31, 2017, is described as follows:

 

    Number of
Shares
    Weighted
Average 
Exercise Price
 
Outstanding at September 30, 2016     7,160     $ 50.41  
Granted     -       -  
Exercised     -       -  
Expired     (14 )     200.00  
Forfeited     -       -  
Outstanding at December 31, 2016     7,146     $ 50.12  
Granted     -       -  
Exercised     -       -  
Expired     (251 )     103.78  
Forfeited     -       -  
Outstanding at March 31, 2017     6,895     $ 48.17  
Schedule of the status of warrants outstanding

Following is a summary of the status of warrants outstanding at March 31, 2017:

 

Exercise
Price
    Number
of Shares
    Expiration
Date
  Weighted Average
Exercise Price
 
$ 9.44       191     03/2018   $ 9.44  
  10.00       4,000 (1)   06/2021     10.00  
  50.00       1,000     07/2017     50.00  
  55.00       1,620      06/2018 – 03/2019     55.00  
  1,800.00       84     07/2017     1,800.00  
$ Total         6,895         $ 48.17