Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Sep. 30, 2013
Current assets:    
Cash and cash equivalents $ 833,520 $ 557,319
Promissory note receivable 0 1,000,000
Prepaid expenses and other current assets 43,470 19,629
Total current assets 876,990 1,576,948
Long-term assets:    
Property and equipment, net 0 322
Other Assets 0 10,062
Total long-term assets 0 10,384
Total assets 876,990 1,587,332
Current liabilities:    
Accounts payable 175,832 314,769
Accrued expenses and other liabilities 267,835 140,840
Current derivative liabilities 2,280,000 0
Total current liabilities 2,723,667 455,609
Long-term liabilities:    
Note payable, Net of Unamortized Discount 955,766 944,707
Accrued interest, net of current portion 100,000 0
Derivative liabilities, net of current portion 3,990,000 0
Total long-term liabilities 5,045,766 944,707
Total liabilities 7,769,433 1,400,316
Commitments and contingencies( see Note 13)      
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 72,076,487 and 60,145,237 shares issued and outstanding as of September 30, 2014 and September 30, 2013, respectively 72,051 60,145
Additional paid in capital 5,810,200 4,758,742
Accumulated Deficit (12,774,694) (4,631,871)
Total stockholders’ (deficit) equity (6,892,443) 187,016
Total liabilities and stockholders' (deficit) equity $ 876,990 $ 1,587,332