CONVERTIBLE DEBT EXCHANGE

9 Months Ended

Jun. 30, 2015

Notes to Financial Statements

CONVERTIBLE DEBT EXCHANGE

On August 27, 2014, we entered into exchange agreements with holders of the January 2014 Notes, holders of the November 2013 Notes and holders of other debt in the amount of $1,697,000 whereby the holders exchanged the debt, including accrued interest of approximately $160,000, for 1,500,000 shares of Series A Prefs. As of June 30, 2015, 1,360,874 shares of Series A Prefs are outstanding. .