4. STOCK OPTIONS

3 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

4. STOCK OPTIONS

During three months ended 2015, the Company  committed to issue 242,500 options to employees and consultant for the services the next time the board approves for issuance.

The new method of determination of granted is simplified method and no more usage of the Black-Scholes model.

The following table summarizes common stock options issued and outstanding:

	Stock Options	Exercise price	Intrinsic value
Outstanding at September 30, 2015	2,833,333	$0.60	-
Granted	-	-	-
Excised	-	-	-
Forfeited	-	-	-
Expired	-	-	-
Outstanding at December 31, 2015	(2,833,333)	$0.60	-
Total	-	-	-

As of December 31, 2015, there were no options exercisable or outstanding.