Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity (Deficit)

v2.4.0.8
Consolidated Statements of Changes in Stockholders' Equity (Deficit) (USD $)
Total
Common Stock
Additional Paid-in Capital
Deficit Accumulated During the Development Stage
Beginning balance at Mar. 05, 2006 $ 0 $ 0 $ 0 $ 0
Beginning balance (in shares) at Mar. 05, 2006   0    
Net loss (18,153) 0 0 (18,153)
Ending balance at Sep. 30, 2006 (18,153) 0 0 (18,153)
Ending balance (in shares) at Sep. 30, 2006   0    
Net loss (450,038) 0 0 (450,038)
Issuance of common stock to founders 3,198 3,198 0 0
Issuance of common stock to founders (in shares)   3,198,105    
Ending balance at Sep. 30, 2007 (464,993) 3,198 0 (468,191)
Ending balance (in shares) at Sep. 30, 2007   3,198,105    
Net loss (233,040) 0 0 (233,040)
Ending balance at Sep. 30, 2008 (698,033) 3,198 0 (701,231)
Ending balance (in shares) at Sep. 30, 2008   3,198,105    
Net loss (504,687) 0 0 (504,687)
Issuances of common stock to directors on May 13 [1] 1,525 1,525 0 0
Issuances of common stock to directors on May 13 (in shares) [1]   1,524,721    
Issuances of common stock in connection with a technology license on May 13 [1] 283 283 0 0
Issuances of common stock in connection with a technology license on May 13 (in shares) [1]   282,886    
Issuances of common stock to advisors and consultants on May 13 [1] 11 11 0 0
Issuances of common stock to advisors and consultants on May 13 (in shares) [1]   11,242    
Issuances of common stock to advisors and consultants on July 22 [1] 42 42 0 0
Issuances of common stock to advisors and consultants on July 22 (in shares) [1]   42,448    
Issuances of common stock to advisors and consultants on September 22 [1] 9 9 0 0
Issuances of common stock to advisors and consultants on September 22 (in shares) [1]   8,722    
Ending balance at Sep. 30, 2009 (1,202,527) 5,068 0 (1,205,918)
Ending balance (in shares) at Sep. 30, 2009   5,068,124    
Net loss (420,093) 0 0 (420,093)
Issuances of common stock [1] 259 259 0 0
Issuances of common stock (in shares) [1]   259,240    
Ending balance at Sep. 30, 2010 (1,622,361) 5,327 0 (1,626,011)
Ending balance (in shares) at Sep. 30, 2010   5,327,364    
Net loss (573,472) 0 0 (573,472)
Issuances of common stock [1] 82 82 0 0
Issuances of common stock (in shares) [1]   82,279    
Issuances of common stock to directors on May 24 [1] 214 214 0 0
Issuances of common stock to directors on May 24 (in shares) [1]   213,764    
Issuances of common stock to advisors and consultants on May 24 [1] 12 12 0 0
Issuances of common stock to advisors and consultants on May 24 (in shares) [1]   12,114    
Ending balance at Sep. 30, 2011 (2,195,524) 5,636 0 (2,201,160)
Ending balance (in shares) at Sep. 30, 2011   5,635,521    
Net loss (576,911) 0 0 (576,911)
Issuances of common stock [1] 9 9 0 0
Issuances of common stock (in shares) [1]   9,691    
Ending balance at Sep. 30, 2012 (2,772,435) 5,645 0 (2,778,080)
Ending balance (in shares) at Sep. 30, 2012   5,645,212    
Net loss (1,853,791) 0 0 (1,853,791)
Equity acquired in reverse merger 0 41,500 (41,500) 0
Equity acquired in reverse merger (in shares)   41,500,000    
Exchange of debt for common stock 2,470,022 9,000 2,461,022 0
Exchange of debt for common stock (in shares)   9,000,025    
Issuance of common stock and 2,500,000 warrants to purchase 2,500,000 shares of common stock on June 26 for $1,250,000 ($0.50 per share) 1,250,000 2,500 1,247,500 0
Issuance of common stock and 2,500,000 warrants to purchase 2,500,000 shares of common stock on June 26 for $1,250,000 ($0.50 per share) (in shares)   2,500,000    
Issuance of common stock and 500,000 warrants to purchase 500,000 shares of common stock on July 3 for $250,000 ($0.50 per share) 249,500 500 249,500 0
Issuance of common stock and 500,000 warrants to purchase 500,000 shares of common stock on July 3 for $250,000 ($0.50 per share) (in shares)   500,000    
Issuance of common stock and 1,000,000 warrants to purchase 1,000,000 shares of common stock on August 30 for $500,000 ($0.50 per share) 499,000 1,000 499,000 0
Issuance of common stock and 1,000,000 warrants to purchase 1,000,000 shares of common stock on August 30 for $500,000 ($0.50 per share) (in shares)   1,000,000    
Grant of one warrant to purchase 145,985 shares of common stock issued with note payable on September 30 55,293 0 55,293 0
Stock based compensation expense 287,927 0 287,927 0
Ending balance at Sep. 30, 2013 $ 187,016 $ 60,145 $ 4,758,742 $ (4,631,871)
Ending balance (in shares) at Sep. 30, 2013   60,145,237    
[1] The Company performed an analysis of the value of its common stock as of each of these dates and determined the value per share is equivalent to par value which is considered to be de minimis.