Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Sep. 30, 2015
Current assets:    
Cash $ 2,815,449 $ 3,960,100
Prepaid expenses and other current assets 52,960 42,919
Total current assets 2,868,409 4,003,019
Total assets 2,868,409 4,003,019
Current liabilities:    
Accounts payable 267,863 231,761
Accrued expenses and other liabilities 146,429 245,478
Convertible notes, net of unamortized discount 265,898 473,747
Current derivative liabilities 68,485 335,092
Total current liabilities 748,675 1,286,078
Long-term liabilities:    
Note payable, net of unamortized discount 969,589 966,824
Accrued interest, net of current portion 240,250 210,000
Total long-term liabilities 1,209,839 1,176,824
Total liabilities $ 1,958,514 $ 2,462,902
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.001 par value, 300,000,000 shares authorized, 109,171,684 and 107,592,205 shares issued and outstanding as of December 31, 2015 and September 30, 2015, respectively $ 109,172 $ 107,392
Additional paid-in capital 17,679,598 17,154,945
Accumulated deficit (16,878,875) (15,722,220)
Total stockholders’ equity 909,895 1,540,117
Total liabilities and stockholders' equity $ 2,868,409 $ 4,003,019