General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Sep. 30, 2013
Sep. 30, 2012
Current assets:      
Cash and cash equivalents $ 945,398 $ 557,319 $ 17,139
Promissory note receivable 0 1,000,000 0
Prepaid expenses and other current assets 39,629 19,629 3,308
Total current assets 985,027 1,576,948 20,447
Long-term Assets:      
Property and equipment, net 322 322 908
Other assets 10,062 10,062 0
Total long-term assets 10,384 10,384 908
Total assets 995,411 1,587,332 21,355
Current liabilities:      
Accounts payable 309,571 314,769 258,426
Accrued expenses and other liabilities 203,230 140,840 49,510
Current maturities of convertible notes payable   0 1,395,000
Current maturities of convertible notes payable, related parties   0 105,000
Notes payable, related party   0 275,200
Current Portion of accrued interest   0 352,755
Accrued interest to related parties   0 116,548
Total current liabilities 512,801 455,609 2,552,439
Long-term liabilities:      
Note payable 947,472 944,707 0
Convertible notes payable, net of current maturities   0 235,000
Accrued interest, net of current portion 25,000 0 6,351
Total long-term liabilities 972,472 944,707 241,351
Total liabilities 1,485,273 1,400,316 2,793,790
Commitments and contingencies        
Stockholders’ (deficit) equity:      
Common stock, $0.001 par value, 300,000,000 shares authorized and 60,145,237 shares issued and outstanding as of December 31 and September 30, 2013 60,145 60,145 5,645
Additional paid in capital 4,890,305 4,758,742 0
Deficit accumulated during the development stage (5,440,312) (4,631,871) (2,778,080)
Total stockholders’ (deficit) equity (489,862) 187,016 (2,772,435)
Total liabilities and stockholders' equity (deficit) $ 995,411 $ 1,587,332 $ 21,355