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

Consolidated Statement of Cash Flows

v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
 6 Months Ended 12 Months Ended 91 Months Ended 97 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Mar. 31, 2014
Cash flows from operating activities:            
Net loss $ (9,188,596) $ (377,893) $ (1,853,791) $ (576,911) $ (4,631,871) $ (13,820,468)
Adjustments to reconcile net loss to cash used in operating activities:            
Depreciation expense 0 847 586 3,372 18,371 18,371
Other noncash adjustments 92,500 0 (92) 0 5,752 98,252
Stock based compensation 503,355 0 287,927 0 287,927 791,282
Noncash interest expense on notes payable 55,530 0       55,530
Noncash interest expense on convertible notes payable 0 69,754 82,147 118,657 441,253 441,253
Noncash interest expense on notes payable to related party 0 18,369 25,599 37,211 142,057 142,057
Repayment of accrued interest to related party 0 0 (98,288) 0 (98,288) (98,288)
Non cash expense for issuance of warrants 7,056,818 0       7,056,818
Issuance of common stock for services 51,750 0 0 1 253 52,003
(Increase) decrease in:            
Prepaid expenses and other current assets (11,288) 2,187 (16,321) 648 (19,629) (30,917)
Other Assets 0 0 (10,062) 0 (10,062) (10,062)
Increase (decrease) in:            
Accounts payable (210,614) 45,038 56,343 139,878 314,769 104,155
Accrued expenses and other liabilities 9,108 (24,560) 91,332 22,508 140,840 149,948
Net cash used in operating activities (1,641,437) (266,258) (1,434,620) (254,636) (3,408,628) (5,050,065)
Cash flows from investing activities:            
Purchases of property and equipment 0 0 0 0 (19,053) (19,053)
Net cash used in investing activities 0 0 0 0 (19,053) (19,053)
Cash flows from financing activities:            
Proceeds from issuance of common stock and warrants 2,715,403 0 2,000,000 0 2,000,000 4,715,403
Repayment of notes payable to related party 0 0 (275,200) 0 (275,200) (275,200)
Proceeds from issuance of notes payable to related party 0 0 0 0 275,200 275,200
Proceeds from issuance of convertible notes payable to related party 0 0 0 0 105,000 105,000
Proceeds from issuance of convertible notes payable 0 250,000 250,000 235,000 1,880,000 1,880,000
Proceeds from issuance of notes payable 1,000,000 0       1,000,000.00
Net cash provided by financing activities 3,715,403 250,000 1,974,800 235,000 3,985,000 7,700,403
Net increase in cash and cash equivalents 2,073,966 (16,258) 540,180 (19,636) 557,319 2,631,285
Cash and cash equivalents, beginning of period 557,319 17,139 17,139 36,775 0 0
Cash and cash equivalents, end of period 2,631,285 881 557,319 17,139 557,319 2,631,285
Supplemental disclosure of cash flow information and non-cash financing activities            
Interest 0 0 98,288 0 98,288 98,288
Income taxes 0 0 0 0 0 0
Debt with warrants issued for promissory note receivable 0 0 1,000,000 0 1,000,000 1,000,000
Exchange of convertible notes and related accrued interest for common stock $ 0 $ 0 $ 2,470,022 $ 0 $ 2,470,022 $ 2,470,022