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

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Sep. 30, 2013
Sep. 30, 2012
Current assets:      
Cash and cash equivalents $ 2,631,285 $ 557,319 $ 17,139
Promissory note receivable 0 1,000,000 0
Prepaid expenses and other current assets 30,917 19,629 3,308
Total current assets 2,662,202 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 2,672,586 1,587,332 21,355
Current liabilities:      
Accounts payable 104,155.00 314,769 258,426
Accrued expenses and other liabilities 149,948 140,840 49,510
Derivative liabilities 4,114,773 0  
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 4,368,876 455,609 2,552,439
Long-term liabilities:      
Note payable 950,237 944,707 0
Accrued interest, net of current portion 50,000 0 6,351
Derivative liabilities 5,792,045 0  
Convertible notes payable, net of current maturities   0 235,000
Total long-term liabilities 6,792,282 944,707 241,351
Total liabilities 11,161,158 1,400,316 2,793,790
Commitments and contingencies         
Stockholders’ (deficit) equity:      
Common stock, $0.001 par value, 300,000,000 shares authorized, 72,076,487 issued and 71,926,487 shares outstanding as of March 31, 2014 and 60,145,237 shares issued and outstanding as of September 30, 2013 71,926 60,145 5,645
Additional paid in capital 5,259,969 4,758,742 0
Deficit accumulated during the development stage (13,820,467) (4,631,871) (2,778,080)
Total stockholders’ (deficit) equity (8,488,572) 187,016 (2,772,435)
Total liabilities and stockholders' equity (deficit) $ 2,672,586 $ 1,587,332 $ 21,355