Stock Options and Warrants (Tables)

6 Months Ended

Mar. 31, 2019

Stock Options And Warrants

Summary of Stock Option and Warrant Activity

The following table summarizes all stock option and warrant activity for the six months ended March 31, 2019:

	Shares		Weighted-Average Exercise Price Per Share
Outstanding, September 30, 2018		4,638,050	$	0.784
Granted		646,920		0.610
Exercised				-
Forfeited		-		-
Expired		-		-
Outstanding, March 31, 2019		5,284,970	$	0.764

Schedule of Outstanding and Exercisable Options and Warrants

The following table discloses information regarding outstanding and exercisable options and warrants at March 31, 2019:

		Outstanding						Exercisable
Exercise Prices		Number of Option Shares		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)		Number of Option Shares		Weighted Average Exercise Price
$	0.400		110,000	$	0.400		2.38		110,000	$	0.400
$	0.420		330,000	$	0.420		4.80		330,000	$	0.420
$	0.500		165,000	$	0.500		2.45		162,500	$	0.500
$	0.600		627,220	$	0.600		0.87		627,220	$	0.600
$	0.650		145,000	$	0.650		3.57		36,250	$	0.650
$	0.800		3,482,750	$	0.800		2.19		3,095,250	$	0.800
$	0.850		100,000	$	0.850		4.05		-	$	0.850
$	1.050		25,000	$	1.050		4.55		-	$	1.050
$	1.260		220,000	$	1.260		3.25		110,000	$	1.260
$	1.300		10,000	$	1.300		2.56		7,500	$	1.300
$	1.386		60,000	$	1.386		3.25		30,000	$	1.386
$	1.666		10,000	$	1.666		3.34		5,000		1.666
	Total		5,284,970	$	0.783		2.82		4,513,720	$	0.764

Schedule of Stock Option Granted Assumptions

The assumptions used in these calculations are summarized as follows:

	March 31, 2019
Expected term of options granted		1.1 to 5.0 years
Expected volatility		102.63 to 122.49	%
Risk-free interest rate		2.57 to 2.67	%
Expected dividend yield		0	%