12. WARRANTS (Tables)

12 Months Ended

Sep. 30, 2019

Warrants Abstract

Summary of warants

	Number of shares		Weighted-average exercise price		Weighted- Average remaining contractual term (in years)		Aggregate intrinsic value (in thousands)
Outstanding at September 30, 2017		212,176	$	6.53
Issued		100,000		7.50
Exercised		-		-
Forfeited		-		-
Outstanding at September 30, 2018		312,176		6.84
Issued		111,429		6.06
Exercised		—		—
Forfeited		—		—
Outstanding at September 30, 2019		423,605	$	6.64		3.03	$	—
Exercisable at September 30, 2019		423,605	$	6.64		3.03	$	—

Outstanding common stock purchase warrants

	Number of shares		Weighted-average exercise price		Expiration
Exercisable at $7.80 per share		141,676	$	7.80	September 2021
Exercisable at $4.00 per share		70,500	$	4.00	September 2022
Exercisable at $7.50 per share		100,000	$	7.50	October 2022
Exercisable at $4.375 per share		51,429	$	4.375	September 2023
Exercisable at $7.50 per share		60,000	$	7.50	May 2024
		423,605		6.64