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

Consolidated Balance Sheets (Current Period Unaudited)

v3.22.2.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2022
Sep. 30, 2021
Cash $ 54,997 $ 2,266,639
Inventory 1,428,264 1,093,765
Prepaid expense and other current assets 83,487 307,341
Total current assets 1,566,748 3,667,745
Long-term assets:    
Property and equipment, net 2,843 5,240
Other assets 3,500 3,500
Total long-term assets 6,343 8,740
Total assets 1,573,091 3,676,485
Current liabilities:    
Accounts payable 1,696,213 408,083
Accrued expense and other liabilities 223,094 319,464
Current portion of derivative liability 0 1,000,000
Total current liabilities 1,919,307 1,727,547
Long-term liabilities:    
Advances from investors 575,000 0
Accrued interest 286,808 167,137
Derivative liability, net of current portion 1,207,475 1,207,475
Total long-term liabilities 3,669,283 2,974,612
Total liabilities 5,588,590 4,702,159
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.001 par value, 800,000,000 shares authorized; 237,169,770 shares issued as of June 30, 2022 and September 30, 2021, respectively, and 236,994,770 and 236,719,770 shares outstanding as of June 30, 2022 and September 30, 2021, respectively 236,995 236,720
Additional paid-in capital 48,931,720 48,534,525
Accumulated deficit (53,184,214) (49,796,919)
Total stockholders’ deficit (4,015,499) (1,025,674)
Total liabilities and stockholders’ deficit 1,573,091 3,676,485
Series 1 Convertible Notes [Member]    
Long-term liabilities:    
Convertible notes 550,000 550,000
Series 2 Convertible Notes [Member]    
Long-term liabilities:    
Convertible notes $ 1,050,000 $ 1,050,000