Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Current assets:    
Cash $ 3,960,100 $ 833,520
Prepaid expenses and other current assets 42,919 43,470
Total current assets 4,003,019 876,990
Long-term assets:    
Total assets 4,003,019 876,990
Current liabilities:    
Accounts payable 231,761 175,832
Accrued expenses and other liabilities 245,478 267,835
Convertible notes, net of unamortized discount 473,747 0
Current derivative liabilities 335,092 2,280,000
Total current liabilities 1,286,078 2,723,667
Long-term liabilities:    
Note payable, net of unamortized discount 966,824 955,766
Accrued interest, net of current portion 210,000 100,000
Derivative liabilities, net of current portion 0 3,990,000
Total long-term liabilities 1,176,824 5,045,766
Total liabilities $ 2,462,902 $ 7,769,433
Commitments and contingencies (see Note 12)
Stockholders’ equity (deficit):    
Common stock, $0.001 par value, 300,000,000 shares authorized, 107,542,205 and 72,076,487 shares issued and outstanding as of September 30, 2015 and September 30, 2014, respectively $ 107,392 $ 72,051
Additional paid in capital 17,154,945 5,810,200
Accumulated deficit (15,722,220) (12,774,694)
Total stockholders’ equity (deficit) 1,540,117 (6,892,443)
Total liabilities and stockholders' equity (deficit) $ 4,003,019 $ 876,990