Financials

v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Current assets:    
Cash $ 215,158 $ 43,635
Prepaid expenses 42
Total current assets $ 215,158 $ 43,677
Other assets:    
Deposit on asset acquisition 40,000
Intellectual property 1,664,799 $ 1,651,875
Website development cost, net 20,188
Patent costs, net 128,862 $ 143,178
Total assets 2,069,007 1,838,730
Current liabilities:    
Accounts payable 186,362 159,598
Accrued payroll & benefits 80,000 $ 320,000
Accrued interest 3,407
Due to related party 90,217 $ 141,717
Convertible Notes Payable, net of unamortized discount of $59,010 and $0 at March 31, 2016 and September 30, 2015, respectively. 153,490
Derivative liabilities 51,828
Total current liabilities $ 565,304 $ 621,315
Commitments and contingencies
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, Series B preferred stock, $0.001 par value; 3,000 shares authorized, -0- shares issued and outstanding as of December 31, 2015 and September 30, 2015
Common stock, $0.00001 par value, 450,000,000 shares authorized; 110,204,543 and 95,944,743 shares issued; 108,654,543 and 95,162,243 outstanding as of March 31, 2016 and September 30, 2015, respectively $ 1,102 $ 959
Additional paid in capital 11,748,967 11,030,534
Accumulated deficit (10,246,366) (9,814,078)
Total stockholders' equity 1,503,703 1,217,415
Total liabilities and stockholders' equity $ 2,069,007 $ 1,838,730

Source

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
OPERATING EXPENSES:        
Selling, general and administrative $ 174,928 $ 118,334 $ 305,313 $ 279,302
Professional fees $ 51,100 60,758 $ 118,250 60,758
Merger costs 641,126 641,126
Total operating expenses $ 226,028 820,218 $ 423,563 981,186
Loss from operations (226,028) $ (820,218) (423,563) $ (981,186)
Other income (expense):        
Interest expense (13,846) (13,846)
Gain on change in fair value of derivative liabilities 5,121 5,121
NET LOSS $ (234,753) $ (820,218) $ (432,288) $ (981,186)
Net loss, basic and diluted $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Weighted average number of common shares, basic and diluted 100,123,242 77,974,136 97,071,245 77,048,737
Comprehensive loss:        
Net loss $ (234,753) $ (820,218) $ (432,288) $ (981,186)
Unrealized losses on available for sale securities (100,000) (700,000)
Comprehensive loss $ (234,753) $ (920,218) $ (432,288) $ (1,681,186)

Source

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (432,288) $ (981,186)
Adjustment to reconcile net loss to net cash used in operating activities:    
Amortization of patent and web design costs 15,379
Amortization of debt discounts $ 10,439
Merger costs $ 641,126
Stock based compensation $ 55,001 $ 3,579
Gain on change in fair value of derivative liabilities (5,121)
Changes in operating assets and liabilities:    
Prepaid expenses 127 $ (30)
Accounts payable 26,765 (40,376)
Accrued expenses-related party 36,990 244,980
Accrued liabilities 103,407 12,575
Net cash used in operating activities (189,301) (119,332)
CASH FLOWS FROM INVESTING ACTIVITIES:    
License costs (12,924) $ (59,378)
Website development (21,252)
Deposit on acquisition (40,000)
Net cash used in investing activities (74,176) $ (59,378)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock, net $ 235,000 340,000
Proceeds from warrant and option exercises $ 1,300
Proceeds from convertible notes payable $ 200,000
Net cash provided by financing activities 435,000 $ 341,300
Net increase in cash 171,523 162,590
Cash, beginning of period 43,635 6,000
Cash, end of period $ 215,158 $ 168,590
SUPPLEMENTAL INFORMATION:    
Cash paid during period for: Interest
Cash paid during period for: Income taxes
Non-cash investing and financing activities:    
Net liabilities assumed in connection with recapitalization $ 70,000
Effect of recapitalization $ 71,384
Shares issued in settlement of related party accrued salary and other current liabilities $ 428,575
Initial fair value of derivative liabilities $ 56,949

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