A summary of warrant activity for the fiscal year ended September 30, 2013 is presented in the following table:
| | Number of Shares | Weighted Average Exercise Price Per Share |
| Outstanding-beg of year | 70,871 | $2.82 |
| Issued | 3,795,000 | $2.67 |
| Expired | (70,871) | $2.82 |
| Outstanding and exercisable at Sept 30, 2013 | 3,795,000 | $2.67 |