Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Current assets:    
Cash $ 1,669,249 $ 3,960,100
Prepaid expenses and other current assets 90,119 42,919
Total current assets 1,759,368 4,003,019
Total assets 1,759,368 4,003,019
Current liabilities:    
Accounts payable 135,615 231,761
Accrued expenses and other liabilities 163,386 245,478
Convertible notes, net of unamortized discount 100,000 473,747
Current derivative liabilities 0 335,092
Total current liabilities 399,001 1,286,078
Long-term liabilities:    
Note payable, net of unamortized discount 972,353 966,824
Accrued interest, net of current portion 270,500 210,000
Total long-term liabilities 1,242,853 1,176,824
Total liabilities $ 1,641,854 $ 2,462,902
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 110,423,588 and 107,592,205 shares issued and outstanding as of March 31, 2016 and September 30, 2015, respectively $ 110,424 $ 107,392
Additional paid-in capital 18,139,021 17,154,945
Accumulated deficit (18,131,931) (15,722,220)
Total stockholders’ equity 117,514 1,540,117
Total liabilities and stockholders' equity $ 1,759,368 $ 4,003,019