Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
Mar. 31, 2015
Sep. 30, 2014
Current assets:    
Cash and cash equivalents $ 573,600us-gaap_CashAndCashEquivalentsAtCarryingValue $ 833,520us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 32,441us-gaap_PrepaidExpenseAndOtherAssetsCurrent 43,470us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 606,041us-gaap_AssetsCurrent 876,990us-gaap_AssetsCurrent
Total assets 606,041us-gaap_Assets 876,990us-gaap_Assets
Current liabilities:    
Accounts payable 204,099us-gaap_AccountsPayableCurrent 175,832us-gaap_AccountsPayableCurrent
Accrued expenses and other liabilities 329,485us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent 267,835us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent
Convertible notes, net of unamortized discount 409,803us-gaap_ConvertibleNotesPayableCurrent 0us-gaap_ConvertibleNotesPayableCurrent
Current derivative liabilities 448,776us-gaap_DerivativeLiabilitiesCurrent 2,280,000us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities 1,392,163us-gaap_LiabilitiesCurrent 2,723,667us-gaap_LiabilitiesCurrent
Long-term liabilities:    
Note payable, net of unamortized discount 961,295us-gaap_LongTermNotesPayable 955,766us-gaap_LongTermNotesPayable
Accrued interest, net of current portion 155,000us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent 100,000us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent
Derivative liabilities, net of current portion 4,026,950us-gaap_DerivativeLiabilitiesNoncurrent 3,990,000us-gaap_DerivativeLiabilitiesNoncurrent
Total long-term liabilities 5,143,245us-gaap_LiabilitiesNoncurrent 5,045,766us-gaap_LiabilitiesNoncurrent
Total liabilities 6,535,408us-gaap_Liabilities 7,769,433us-gaap_Liabilities
Commitments and contingencies      
Stockholders’ deficit:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 76,076,487 and 72,076,487 shares issued and outstanding as of March 31, 2015 and September 30, 2014, respectively 76,076us-gaap_CommonStockValue 72,051us-gaap_CommonStockValue
Additional paid in capital 7,224,072us-gaap_AdditionalPaidInCapitalCommonStock 5,810,200us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (13,229,515)us-gaap_RetainedEarningsAccumulatedDeficit (12,774,694)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders’ deficit (5,929,367)us-gaap_StockholdersEquity (6,892,443)us-gaap_StockholdersEquity
Total liabilities and stockholders' deficit $ 606,041us-gaap_LiabilitiesAndStockholdersEquity $ 876,990us-gaap_LiabilitiesAndStockholdersEquity