| Number of Units | Weighted Average Exercise Price | Weighted
Average Remaining Contractual Term (in years) | Intrinsic Value | |||||||||||||
| Outstanding at September 30, 2012 | 109,139 | $ | 2.85 | 4.95 | 253,202 | |||||||||||
| Granted | 846,363 | 1.78 | ||||||||||||||
| Exercised | – | – | ||||||||||||||
| Outstanding at September 30, 2013 | 955,502 | $ | 1.90 | 4.39 | 1,471,998 | |||||||||||
| Exerciseable at September 30, 2013 | 955,502 | $ | 1.90 | 4.39 | 1,471,998 | |||||||||||