Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK WARRANTS

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COMMON STOCK WARRANTS
 9 Months Ended
Jun. 30, 2016
Common Stock Warrants  
COMMON STOCK WARRANTS

NOTE 7 - COMMON STOCK WARRANTS

 

Below is a table summarizing the warrants issued and outstanding as of June 30, 2016:

 

    Number
Outstanding		     Weighted-
Average 
Exercise Price		  
Outstanding at September 30, 2015     746,869     $ 4.75  
Exercised     (15,278 )     1.70  
Forfeited/ Expired     (43,334 )     6.55  
Outstanding at June 30, 2016     688,257     $ 4.71  

 

As of June 30, 2016, the outstanding warrants have an intrinsic value of $112,361.