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9. Stock Options

9 Months Ended

Jun. 30, 2014

During the nine months ended June 30, 2014, the Company issued options to the holders of the Notes mentioned in Note 6. The Company has granted each note holder an option to purchase one share of the Company’s common stock for each dollar of the principal amount of the note at $0.05 per share. The options expire one year from the date on which the note is repaid.

The following is a summary of common stock options outstanding at June 30, 2014:

	Options		Wgtd Avg Exercise Price		Wgtd Years to Maturity

Outstanding at September 30, 2013		6,600,000	$	0.18		4.16

Issues		506,000	$	0.05		1.85
Exercises		170,000	$	0.14
Expires		0

Outstanding at June 30, 2014		6,936,000	$	0.16		3.50

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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