Common Stock Warrants (Tables)
12 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Summary of Common Stock Warrants Outstanding

The following is a summary of information about the Common Stock Warrants outstanding at September 30, 2015.

 

    Shares Underlying  
Shares Underlying Warrants Outstanding   Warrants Exercisable  
                               
              Weighted                          
      Shares       Average     Weighted       Shares     Weighted  
Range of     Underlying       Remaining     Average       Underlying     Average  
Exercise     Warrants       Contractual     Exercise       Warrants     Exercise  
Prices     Outstanding       Life     Price       Exercisable     Price  
                                         
$0.30 – $0.40     500,000       2.25 years     $ 0.36       500,000     $ 0.36  

Schedule of Warrant Pricing Model Weighted-average Assumptions Used for Grands Under Fixed Option Plan

The fair value of each warrant grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants under the fixed option plan:

 

    September 30,     September 30,  
    2015     2014  
                 
Average risk-free interest rates     1.64 %     - %
Average expected life (in years)     3.00       -  
Volatility     257 %     - %

Summary of Common Stock Warrants Activity Outstanding

The following is a summary of activity of outstanding common stock warrants:

 

          Weighted  
          Average  
    Number     Exercise  
    of Shares     Price  
             
Balance, September 30, 2013     -     $ -  
Warrants expired     -       -  
Warrants cancelled     -       -  
Warrants granted     -       -  
Warrants exercised     -       -  
                 
Balance, September 30, 2014     -       -  
Warrants expired     -       -  
Warrants cancelled     -       -  
Warrants granted     500,000       0.36  
Warrants exercised     -       -  
                 
Balance, September 30, 2015     500,000     $ 0.36  
                 
Exercisable, September 30, 2015     500,000     $ 0.36