Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Current assets:    
Cash $ 5,036,476 $ 3,960,100
Prepaid expenses and other current assets 107,784 42,919
Total current assets 5,144,260 4,003,019
Total assets 5,144,260 4,003,019
Current liabilities:    
Accounts payable 374,896 231,761
Accrued expenses and other liabilities 299,487 245,478
Accrued Interest 304,770 0
Note payable, net of unamortized discount 899,627 0
Convertible notes, net of unamortized discount 0 473,747
Current derivative liabilities 0 335,092
Total current liabilities 1,878,780 1,286,078
Long-term liabilities:    
Note payable, net of unamortized discount and current portion 78,255 966,824
Accrued interest, net of current portion 26,230 210,000
Total long-term liabilities 104,485 1,176,824
Total liabilities 1,983,265 2,462,902
Commitments and contingencies (see Note 12)
Stockholders' equity:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 136,657,075 and 107,592,205 shares issued and outstanding as of September 30, 2016 and September 30, 2015, respectively 134,432 107,392
Additional paid-in capital 24,741,153 17,154,945
Accumulated deficit (21,714,590) (15,722,220)
Total stockholders’ equity 3,160,995 1,540,117
Total liabilities and stockholders' equity $ 5,144,260 $ 4,003,019