COMMITMENTS AND CONTINGENCIES

9 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Consulting agreement - The Company entered into a consulting agreement with Mr. Durschlag in April 2010 under which he may receive royalty payments in accordance with the terms of his patent assignment and technology transfer agreement. Mr. Durschlag is entitled to royalties on Fuse Science, Inc. sales be as follows:

Sales Range		Commission Rate
$	0 - $100,000		0.00	%
$	100,001 - $10,000,000		5.00	%
$	10,000,001 - $50,000,000		2.50	%

 Employment agreements - The Company currently has an employment agreement with Brian Tuffin and Jeanne Hebert.

 Effective December 28, 2012 the Company entered into a settlement agreement with the Company’s former Chief Marketing Officer and Chief Information Officer, Aitan Zacharin for approximately 5,000 options to acquire common stock at exercise prices from $24.00 to $42.00 and $58,000 over a period of seven months commencing January 1, 2013.

 Endorsement agreements – Several of our endorsement agreements require share or option compensation to be issued annually. In addition, additional shares may be granted in the event of certain performance milestones.

 The Company also issued stock options as compensation under certain other endorsement agreements.  These agreements have a term of one to five years with Company options to extend the agreements for one to three years at mutually agreeable terms.