Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK WARRANTS

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COMMON STOCK WARRANTS
 6 Months Ended
Mar. 31, 2016
Common Stock Warrants  
COMMON STOCK WARRANTS

NOTE 7 - COMMON STOCK WARRANTS

 

Below is a table summarizing the warrants issued and outstanding as of March 31, 2016:

 

    Number 
Outstanding		     Weighted-Average 
Exercise Price		  
Outstanding at September 30, 2015     746,869     $ 4.75  
Exercised     (6,944 )     1.95  
Forfeited/ Expired     (43,334 )     4.89  
Outstanding at March 31, 2016     696,591     $ 4.67  

 

As of March 31, 2016, the outstanding warrants have an intrinsic value of $184,312.