Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Current assets:    
Cash $ 3,787,737 $ 5,036,476
Prepaid expenses and other current assets 110,070 107,784
Total current assets 3,897,807 5,144,260
Long-term assets:    
Property and equipment, net 4,174 0
Total long-term assets 4,174 0
Total assets 3,901,981 5,144,260
Current liabilities:    
Accounts payable 272,252 374,896
Accrued expenses and other liabilities 121,036 299,487
Accrued interest 261,570 304,770
Note payable, net of unamortized discount 754,817 899,627
Total current liabilities 1,409,675 1,878,780
Long-term liabilities:    
Note payable, net of unamortized discount 0 78,255
Accrued interest, net of current portion 0 26,230
Total long-term liabilities 0 104,485
Total liabilities 1,409,675 1,983,265
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 138,182,075 and 136,657,075 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively 136,107 134,432
Additional paid-in capital 25,472,290 24,741,153
Accumulated deficit (23,116,091) (21,714,590)
Total stockholders’ equity 2,492,306 3,160,995
Total liabilities and stockholders' equity $ 3,901,981 $ 5,144,260