Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK WARRANTS

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COMMON STOCK WARRANTS
3 Months Ended
Dec. 31, 2015
Common Stock Warrants  
COMMON STOCK WARRANTS

NOTE 6 - COMMON STOCK WARRANTS

Below is a table summarizing the warrants issued and outstanding as of December 31, 2015:

    Number 
Outstanding
  Weighted-Average 
Exercise Price
Outstanding at September 30, 2015     746,869     $ 4.75  
Granted     —         —    
Exercised     (6,944 )     1.95  
Forfeited/ Expired     (26,667 )     7.94  
Outstanding at December 31, 2015     713,258     $ 4.66  

The outstanding warrants as of December 31, 2015 have an intrinsic value of approximately $1,451,513.