Convertible Debt (Tables)

12 Months Ended

Sep. 30, 2014

Convertible Debt [Abstract]

Schedule of convertible notes

	September 30,  2014			September 30,  2013
Notes Payable:
Convertible term note (a)	$	1,700,000		$	1,700,000
Convertible term note (b)		275,000			275,000
Convertible term note (c)		1,030,000			1,030,000
Convertible term note (d)		255,000			255,000
Convertible term note (e)		448,000			498,000
Principal balance		3,708,000			3,758,000
Accrued Interest		582,899			337,498
		4,290,899			4,095,498
Less: discount on debt		(-	)		(376,627	)
		4,290,899			3,718,871
Less: current portion		(4,290,899	)		(3,278,278	)
Long term debt	$	-		$	440,593

a) In November and December 2011, the Company entered into convertible term notes bearing interest at 10% per annum with a maturity date of August 31, 2014 and issued warrants to purchase 3,600,000 shares of the Company’s common stock at $0.25 per share that expires on September 7, 2015. At any time at the option of the six note holders (one of which is a former Director of the Company), principal and the first year’s accrued interest, in the amount of $170,000, may be paid in common stock at a conversion price of $0.50 per share.  

b)	On September 7, 2012, the Company entered into convertible term notes bearing interest at 10% per annum, payable semi-annually, with principal having a maturity date of September 7, 2014 and issued warrants to purchase 550,000 shares of the Company’s common stock at $0.25 per share that expires on September 17, 2015.  At any time at the option of the note holders, principal may be paid in common stock at a conversion price of $0.50 per share.
c)	On September 27, 2012, the Company entered into convertible term notes bearing interest at 10% per annum, payable semi-annually, with principal having a maturity date of September 27, 2014 and issued warrants to purchase 2,060,000 shares of the Company’s common stock at $0.25 per share that expires on September 27, 2015.  At any time at the option of the note holders, principal may be paid in common stock at a conversion price of $0.50 per share.
d)	On September 28, 2012, the Company entered into convertible term notes bearing interest at 10% per annum, payable semi-annually, with principal having a maturity date of September 28, 2014 and issued warrants to purchase 510,000 shares of the Company’s common stock at $0.25 per share that expires on September 28, 2015.  At any time at the option of the note holders, principal may be paid in common stock at a conversion price of $0.50 per share.
e)	On October 5, 2012, the Company entered into convertible term notes bearing interest at 10% per annum, payable semi-annually, with principal having a maturity date of October 5, 2014 and issued warrants to purchase 896,000 shares of the Company’s common stock at $0.25 per share that expires on October 5, 2015.  At any time at the option of the note holders, principal may be paid in common stock at a conversion price of $0.50 per share.