Annual report pursuant to Section 13 and 15(d)

COMMON STOCK OPTIONS (Details Narrative)

v2.4.0.6
COMMON STOCK OPTIONS (Details Narrative) (USD $)
60 Months Ended 12 Months Ended 60 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Sep. 30, 2012
Employee Stock Option
Sep. 30, 2011
Employee Stock Option
Sep. 30, 2012
Employee Stock Option
Sep. 30, 2012
Board of Directors and Executives
Sep. 30, 2012
Stock Options
Mar. 09, 2012
Stock Options
Apr. 12, 2010
Stock Options
Apr. 09, 2009
Stock Options
Stock price at valuation, minimum $ 0.40                      
Stock price at valuation, maximum $ 0.65                      
Expected Term 5 years                      
Exercise Price, minimum $ 0.50                      
Exercise Price, maximum $ 0.57                      
Risk-free interest rate, minimum 0.83%                      
Risk-free interest rate, maximum 2.60%                      
Dividend Yield 0.00%                      
Volatility rate, minimum 192.00%                      
Volatility rate, maximum 277.00%                      
Number Outstanding 3,246,965 1,546,965 1,546,965 579,141           1,700,000 1,000,000 579,141
Fair Value of Options (per share)                   $ 0.63 $ 0.40  
Vested Upon Issuance                   425,000 520,000  
Future Vesting                   1,275,000 480,000  
Future Vesting - Terms                   25% tranches on each anniversary 5 years  
Compensation Expense - employees         $ 47,900 $ 47,900 $ 315,341 $ 358,367        
Options vested in period         120,000 120,000 790,000 425,000        
Vested options         790,000   790,000          
Intrinsic value of awards                 $ 1,450,000