Stockholders' Equity (Deficit)

6 Months Ended

Mar. 31, 2013

Stockholders' Equity (Deficit) [Abstract]

Stockholders' Equity (Deficit)

Note 8 – Stockholders' Equity (Deficit)

Issuance of Common Stock

From time to time, the Company will issue common stock for services rendered, debt reductions or as part of private placement offerings. 

For the quarter ended March 31, 2013, there was no common stock issuance.  

For the quarter ended March 31, 2012, the Company issued an aggregate of 4,534,000 shares of its common stock for services valued at $45,340, which represents the fair value of the services provided.

Preferred Stock

As of March 31, 2013, there was no preferred stock outstanding. Dividend features and voting rights are at the discretion of the Board of Directors without the requirement of shareholder approval 

Outstanding Options

As of March 31, 2013 and 2012, there are no options outstanding to purchase shares of the Company’s common stock.

Outstanding Warrants

During the period ended June 30, 2011, the Company issued warrants to purchase an aggregate of 2,815,000 common shares at an exercise price of $0.15 per share and 333,332 common shares at an exercise price of $0.20 per share. The warrants were issued in connection with private placements completed during 2011. The warrants vested immediately and have terms of one to two years that expire between March 28, 2012 and February 4 2013. As at September 30, 2012, 333,332 common shares at an exercise price of $0.20 per share where no exercised and they expired in March 2012, The total as at September 30 2012 issued warrants to purchase an aggregate of 2,481,668 common shares at an exercise price of $0.15 The Company estimated the fair value of the warrants using the Black-Scholes method with assumptions including: (1) term of 1 year to two years; (2) a computed volatility rate of 205%; (3) a discount rate of $0.45%; and (4) zero dividends. The fair value of the warrants was estimated to be $218,991.