Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Sep. 30, 2012
Current assets:    
Cash and cash equivalents $ 557,319 $ 17,139
Promissory Note Receivable 1,000,000 0
Prepaid expenses and other current assets 19,629 3,308
Total current assets 1,576,948 20,447
Long Term Assets:    
Property and equipment, net 322 908
Other Assets 10,062 0
Total long-term assets 10,384 908
Total assets 1,587,332 21,355
Current liabilities:    
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
Accounts payable 314,769 258,426
Accrued expenses and other liabilities 140,840 49,510
Current Portion of accrued interest 0 352,755
Accrued interest to related parties 0 116,548
Total current liabilities 455,609 2,552,439
Long-term liabilities:    
Note payable 944,707 0
Convertible notes payable, net of current maturities 0 235,000
Accrued interest, net of current portion 0 6,351
Total long-term liabilities 944,707 241,351
Total liabilities 1,400,316 2,793,790
Commitments and contingencies      
Stockholders’ equity (deficit):    
Common stock, $0.001 par value, 300,000,000 shares authorized at September 30, 2013 and 75,000,000 at September 30, 2012, 60,145,237 and 5,645,212 shares issued and outstanding at September 30, 2013 and September 30, 2012, respectively 60,145 5,645
Additional paid in capital 4,758,742 0
Deficit accumulated during the development stage (4,631,871) (2,778,080)
Total stockholders’ equity (deficit) 187,016 (2,772,435)
Total liabilities and stockholders' equity (deficit) $ 1,587,332 $ 21,355