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2011 INCENTIVE STOCK PLAN (Tables)

3 Months Ended

Dec. 31, 2014

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

Schedule of Share-based Compensation, Activity

A summary of this activity during the quarter ended December 31, 2014 follows:

Exercise Price Range		Number Of Options				Weighted-Average Remaining Contractual Life (Years)				Number Of Exercisable Options

$0.08			233,319				4.75				233,319

Weighted average assumptions used for option grants

The fair value of each option on the date of grant is estimated using the Black Scholes option valuation model. The following weighted-average assumptions were used for options granted during the three months ended December 31, 2014:

		2014

Expected term		5 years
Expected average volatility			0.46	%
Expected dividend yield			0	%
Risk-free interest rate			1.49	%
Expected annual forfeiture rate			0	%

The fair value of each option on the date of grant is estimated using the Black Scholes option valuation model. The following weighted-average assumptions were used for options granted during the Year ended September 30, 2014:

		2014

Expected term		1-3 years
Expected average volatility			100%-140	%
Expected dividend yield			0	%
Risk-free interest rate			.25%-.1.38	%
Expected annual forfeiture rate			0	%

Shares Authorized under Stock Option Plans

At December 31, 2014, the Company had the following common stock equivalents from convertible debt and the detachable warrants issued with the convertible debt, which are not included in the information above.

					Exercise
		Price			Shares

Detachable warrants		$	0.0007		8,203
Detachable warrants		$	0.0007		40,125
Detachable warrants		$	0.0007		129,154
Detachable warrants		$	0.0007		6,472
					67,715

At September 30, 2014, the Company had the following common stock equivalents from convertible debt and the detachable warrants issued with the convertible debt, which are not included in the information above.

					Exercise
		Price			Shares

Detachable warrants		$	0.0007		8,203
Detachable warrants		$	0.0007		40,125
Detachable warrants		$	0.0007		129,154
Detachable warrants		$	0.0007		6,472
					67,715

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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