10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to____________

Commission File No. 000-49652

FONU2 Inc.

(Exact name of registrant as specified in its charter)

Nevada	65-0773383
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

135 Goshen Road Ext. Suite 205,

Rincon, GA 31326

(Address of principal executive offices)

(912) 655-5321

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒   No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date:

August 7, 2015 - Common – 241,833,331

August 7, 2015 - Preferred – 6,250

FONU2, INC.

FORM 10-Q

For the quarterly period ended June 30, 2015

INDEX

	Page
PART 1 – FINANCIAL INFORMATION
Item 1.   Financial Statements (Unaudited)	3
Item 2.   Management's Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3.   Quantitative and Qualitative Disclosure About Market Risk	25
Item 4.   Controls and Procedures	26
PART II – OTHER INFORMATION
Item 1.   Legal Proceedings	27
Item 1A.   Risk Factors	27
Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds	27
Item 3.   Defaults upon Senior Securities	28
Item 4.   Mine Safety Disclosures	28
Item 5.   Other Information	28
Item 6.   Exhibits	28
SIGNATURES	29

2

PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

The financial statements of the registrant required to be filed with this Quarterly Report on Form 10-Q were prepared by management and commence below, together with related notes. In the opinion of management, the financial statements fairly present the financial condition of the registrant.

3

FONU2, INC. AND SUBSIDIARY

Consolidated Balance Sheets 

	30-Jun			30-Sep
	2015			2014
	(Unaudited)
	$			$
ASSETS
CURRENT ASSETS
Cash and Bank		178,888			5,143
Prepaid Expenses		12,285			31,516
Assets from Discontinued Operations		-			35,949
Total Current Assets		191,173			72,608
FIXED ASSETS
Site Development		210,865			-
Land Lease		4,996,787			-
Computer Equipment & Software (Net)		8,713			-
Furniture & Fittings (Net)		9,778			-
Total Fixed Assets		5,226,143			-
OTHER ASSETS
Film Assets		1,558,137			-
Security Deposits		6,500			-
Debt Issuance Costs		61,809			-
Total Other Assets		1,626,446			-
TOTAL ASSETS		7,043,762			72,608
LIABILITIES and STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Accounts Payable & Accrued Expenses		205,138			7,866
Accrued Interest Payable		40,722			32,208
Payroll & Payroll Tax Liabilities		15,002			10,002
Capital Lease Obligation		507,777			-
Derivative Liability		2,190,156			247,880
Notes Payable (Net)		354,711			19,000
Convertible Notes Payable (Net)		411,607			195,320
Notes Payable - Related Party		18,000			18,000
Make Whole Provision Liability		333,333			-
Total Current Liabilities		4,076,446			530,276
NON - CURRENT LIABILITIES
Notes Payable		25,000			25,000
Capital Lease Obligation		4,648,465			-
Total Non-Current Liabilities		4,673,465			25,000
TOTAL LIABILITIES		8,749,911			555,276
STOCKHOLDERS' EQUITY
Preferred Stock Series A: 20,000,000 Shares Authorized; at $0.001 Par Value, -0- and -0- Shares Issued and Outstanding, respectively		-			-
Preferred Stock Series B: 20,000,000 Shares Authorized; at $0.001 Par Value, 6,250 and -0- Shares Issued and Outstanding, respectively		6			-
Common Stock: 2,000,000,000 Shares Authorized; at $0.001 Par Value, 239,683,331 and 312,284 Shares Issued and Outstanding, respectively		239,683			312
Additional Paid-In Capital		43,608,504			39,918,053
Profit (Deficit) Accumulated		(45,554,342	)		(40,401,033	)
TOTAL STOCKHOLDERS' EQUITY		(1,706,149	)		(482,668	)
TOTAL LIABILITIES and STOCKHOLDERS' EQUITY		7,043,762			72,608

The accompanying notes are an integral part of these unaudited consolidated financial statements.

4

FONU2, INC. AND SUBSIDIARY

Consolidated Statements of Operations

(Unaudited)

	For the Three Months Ended						For the Nine Months Ended
	June 30,			June 30,			June 30,			June 30,
	2015			2014			2015			2014
	$			$			$			$
REVENUES		-			-			-			-
COST OF SALES		-			-			-			-
		-			-			-			-
GROSS PROFIT
OPERATING EXPENSES
Depreciation		1,352			-			2,080			-
Product Development		-			-			34,124			-
Compensation		17,644			-			27,343			-
Professional Fees		149,641			612,157			486,952			829,794
General & Administrative		292,554			72,068			472,944			576,711
Total Operating Expenses		461,191			684,225			1,023,443			1,406,505
LOSS FROM OPERATIONS		(461,191	)		(684,225	)		(1,023,443	)		(1,406,505	)
OTHER INCOME (EXPENSES)
Interest Expense		(543,657	)		(209,042	)		(1,190,648	)		(336,306	)
Gain on Settlement of Debt		-			-			13,524			5,719
Loss on Extinguishment of Debt		-			-			(21,300	)		-
Gain (Loss) on Derivative Liability		(809,409	)		(342,979	)		(2,561,542	)		321,206
Loss on Make Whole Provision		(83,333	)		-			(333,333	)		-
Total Other Income (Expenses)		(1,436,399	)		(552,021	)		(4,093,299	)		(9,381	)
INCOME (LOSS) FROM CONTINUING OPERATIONS		(1,897,590	)		(1,236,246	)		(5,116,742	)		(1,415,886	)
Net (Loss) Profit from Discontinued Operations		-			(51,566	)		(36,567	)		35,949
INCOME (LOSS) BEFORE TAXATION		(1,897,590	)		(1,287,812	)		(5,153,309	)		(1,379,937	)
PROVISION FOR INCOME TAXES		-			-			-			-
NET INCOME (LOSS)		(1,897,590	)		(1,287,812	)		(5,153,309	)		(1,379,937	)
BASIC and DILUTED INCOME (LOSS PER SHARE)
Continuing Operations		(0.01	)		(5.72	)		(0.05	)		(7.01	)
Discontinued Operations		-			-			-			-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		203,882,389			225,174			103,018,832			196,933

The accompanying notes are an integral part of these unaudited consolidated financial statements.

5

FONU2, INC. AND SUBSIDIARY

Consolidated Statements of Cash Flows

(Unaudited)

	For the Nine Months Ended
	June 30,			June 30,
	2015			2014
	$			$
OPERATING ACTIVITIES
Net Loss		(5,153,309	)		(1,379,937	)
Adjustments to Reconcile Loss from Cash Flows Used in Operating Activities
Depreciation		2,080			3,348
Amortization of Debt Discount		928,027			296,396
Loss (Gain) on Derivative Liability		2,561,542			(321,206	)
Make Whole Provision		333,333			-
Gain due to Forgiveness of Debt		(13,524	)		-
Stock Based Compensation		109,424			636,542
Loss on Settlement of Debt		21,300			-
Loss (Gain) on Default Note Payable		-			(5,719	)
Amortization of Debt Issuance Costs		17,748
Original Issuance Discount		3,000
Capital Lease Accretion		159,455
Changes in Operating Assets and Liabilities
Inventory		9,007			-
Accrued Expenses		72,227			-
Prepaid Expenses and Other Current Assets		15,016			143,707
Accounts Payable		114,755			18,435
Net Cash Used in Operating Activities		(819,919	)		(608,434	)
INVESTING ACTIVITIES
Purchase of Property and Equipment		(217,279	)		(4,919	)
Net Cash Used in Investing Activities		(217,279	)		(4,919	)
FINANCING ACTIVITIES
Proceeds from Notes Payable		280,000			416,500
Repayments of Notes Payable		-			(53,000	)
Proceeds from Notes Payable - Long Term		78,000			-
Net Proceeds from Convertible Notes		922,000			-
Cash Paid for Debt Issuance Costs		(79,557	)		-
Common and Preferred Stock Issued for Cash		-			130,000
Common Stock Issued in Exercise of Options		-			90,000
Net Cash Provided by Financing Activities		1,200,443			583,500
NET INCREASE (DECREASE) IN CASH		163,245			(29,853	)
CASH AT BEGINNING OF PERIOD		15,643			54,197
CASH AT END OF PERIOD		178,888			24,344

The accompanying notes are an integral part of these unaudited consolidated financial statements.

6

FONU2, INC. AND SUBSIDIARY.

Consolidated Statements of Cash Flows

(Unaudited)

(Continued)

	For the Nine Months Ended
	30-Jun		30-Jun
	2015		2014
	$		$
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest		-		-
Cash paid for income taxes		-		-
NON - CASH INVESTING AND FINANCING ACTIVITY
Net Present Value of Capital Lease		4,996,787		-
Write Off of Derivative Liability and Additional Paid - In Capital		2,051,908		543,857
Debt Discount from Derivative Liability		1,399,558		410,489
Conversion of Notes and Accrued Interest		915,219		181,220
Convertible Notes Assumed - Moon River Studios, Inc.		710,558		-
Stock Issued for Purchase of Film Assets		500,000		-
Preferred Stock Issued for Studioplex City, LLC		259,062		-
Shares Issued for Eagle Productions, LLC		166,667		-
Common Stock Issued to Settle Debt		100,000		-
Liabilities Assumed - Moon River Studios, Inc.		77,017		-
Reclassification of Convertible Note to Derivative		27,085		-
Note Payable Assumed by Third Party		19,000		-
Deemed Distribution - Shares Issued for Capital Lease		10,000		-
Debt Discount - Warrant Derivative		5,999		-
Common Stock Issued for Related Party Debts		-		195,719
Common Stock Issued for Settlement of Payroll Liability		-		86,000
Conversion of Accounts Payable to Notes Payable		-		12,500
Common Stock Issued in Settlement of Accounts Payable		-		14,338
Original Issuance Discount		25,000		-

The accompanying notes are an integral part of these unaudited consolidated financial statements.

7

FONU2, INC. and Subsidiary

Notes to the Consolidated Financial Statements

June 30, 2015

(unaudited)

NOTE 1 - BASIS OF PRESENTATION

The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2015 and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's September 30, 2014 audited financial statements.  The results of operations for the period ended June 30, 2015 are not necessarily indicative of the operating results for the full year.

NOTE 2 - GOING CONCERN

The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern.  During the nine months ended June 30, 2015 the Company realized a net loss of $5,153,309. It used $819,919 in cash from operating activities and had a working capital deficit of $3,807,273 for the nine months ended June 30, 2015. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from high net worth and institutional investors sufficient to meet its operating expenses and seeking equity and/or debt financing for specific project financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 3 – CONVERTIBLE NOTES PAYABLE

As of June 30, 2015 and September 30, 2014, the Company had total of $1,018,578 and $328,050 in outstanding Convertible Notes Payable respectively. As of June 30, 2015 and September 30, 2014, the Company had a total of $606,971 and $132,730 of Unamortized Debt Discount.

			June 30, 2015										September 31, 2014
			$		$			$			$		$		$			$
Note Payable Current	Note Date	Maturity  Date	Face Value or O/S Amount		Principal Converted			Forgiveness of Debt			Net		Face Value or O/S Amount		Principal Converted			Ending Face Value Balance
Loan #1	11/6/2103	8/8/2014		51,560		(51,560	)		-			-		128,500		(76,940	)		51,560
Loan #2	11/13/2013	11/12/2015		94,990		(94,990	)		-			-		94,990		-			94,990
Loan #3	1/24/2014	10/28/2014		78,500		(67,066	)		(11,434	)		-		78,500		-			78,500
Loan #4	4/11/2014	4/11/2015		103,000		(103,000	)		-			-		103,000		-			103,000
Loan #5	12/19/2014	12/19/2015		26,000		-			-			26,000		-		-			-
Loan #6	12/31/2014	12/31/2015		20,000		(20,000	)		-			-		-		-			-
Loan #7	2/5/2015	2/5/2016		100,000		-			-			100,000		-		-			-
Loan #8	2/5/2015	2/5/2016		450,000		(402,100	)		-			47,900		-		-			-
Loan #9	2/6/2015	2/6/2016		25,000		(25,000	)		-			-		-		-			-
Loan #10	2/17/2015	2/17/2016		35,000		-			-			35,000		-		-			-
Loan #11	3/9/2015	3/9/2016		53,880		(53,880	)		-			-		-		-			-
Loan #12	3/9/2015	3/9/2016		50,000		-			-			50,000		-		-			-
Loan #13	2/19/2015	11/23/2015		43,000		-			-			43,000		-		-			-
Loan #14	3/10/2015	3/10/2016		75,000		-			-			75,000		-		-			-
Loan #15	3/12/2015	3/12/2016		75,000		-			-			75,000		-		-			-
Loan #16	3/24/2015	3/24/2016		116,678		(1,000	)		-			115,678		-		-			-
Loan #17	3/24/2015	3/24/2016		50,000		-			-			50,000		-		-			-
Loan #18	3/27/2015	12/27/2015		53,000		-			-			53,000		-		-			-
Loan #19	4/9/2015	1/14/2016		38,000		-			-			38,000		-		-			-
Loan #20	4/13/2015	4/13/2016		75,000					-			75,000		-		-			-
Loan #21	4/27/2015	4/27/2016		50,000		-			-			50,000		-		-			-
Loan #22	5/7/2015	5/7/2016		55,000		-			-			55,000		-		-			-
Loan #23	5/11/2015	11/11/2015		50,000		-			-			50,000		-		-			-
Loan #24	5/20/2015	5/20/2016		50,000		-			-			50,000		-		-			-
Loan #25	6/24/2015	12/24/2015		30,000		-			-			30,000		-		-			-
TOTAL				1,848,608		(818,596	)		(11,434	)		1,018,578		404,990		(76,940	)		328,050

8

Loan #1 Asher Enterprises, Inc.

On November 6, 2013 the Company entered into a Securities Purchase Agreement with an unrelated third-party entity in connection with a convertible note whereby the Company borrowed $128,500.  The note principal bears interest at a rate of eight percent per annum and will accrue interest at a rate of 22 percent per annum should the Company default.  The note principal and any unpaid accrued interest is due in full on or before August 8, 2014.  The note is convertible at the option of the holder at any point at least 180 days from the note date at a 42 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion. During the year September 30, 2014, the holder converted $76,940 of the principal into common stock. The ending balance at September 30, 2014 was $51,560. During the six months ended March 31, 2015, the lender converted $51,560 in note principal into common stock. As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #2 JMJ Financial

On November 13, 2013 the Company entered into a promissory note with an unrelated third party whereby the Company agreed to borrow a maximum of $300,000.  Each borrowing under the terms of the note, along with specific accrued interest is due two years from the date the specific funds are received by the Company. All borrowings under the terms of this note are subject to a 10% original issue discount such that the consideration due back to the lender is equal to cash proceeds actually received plus ten percent of the amount borrowed. Through September 30, 2014, the Company had borrowed $137,500, with initial debt discount of $12,500 pursuant to this promissory note. The note is exempt from interest for the 90 days after the note date; after 90 days the unpaid principal balance shall accrue interest at a rate of 12 percent per annum.  The note became convertible into shares of the Company’s common stock on May 12, 2014 at 60 percent of the lowest trade price in the 25 trading days previous to the conversion. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the year ended September 30, 2014 the lender converted $42,510 of the note principal into 24,250 shares of the Company’s common stock.  As of September 30, 2014 the remaining principal balance on this note was $94,990. During the three months ended December 31, 2014 the lender converted $45,042 of note principal into 464,250 shares of the Company’s common stock. As of December 31, 2014 the remaining principal balance of the note was $49,948, with $10,661 in accrued interest. During the three months ended March 31, 2015, the lender converted $49,948 in note principal into 3,428,000 of the Company’s common stock.

Subsequent to the filing of the Company’s Form 10-Q for the period ended March 31, 2015, Management noted that some $33,937.54 had not been converted and thus the Company reclassified the amount back from equity to liability. During the three months ended June 30, 2015 the lender converted $33,937.54 in note principal into 1,529,169 of the Company’s common stock. As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #3 Asher Enterprises, Inc.

On January 24, 2014 the Company entered into a Securities Purchase Agreement with an unrelated third-party entity in connection with a convertible note whereby the Company borrowed $78,500.  The note principal bears interest at a rate of eight percent per annum and will accrue interest at a rate of 22 percent per annum should the Company default.  The note principal and any unpaid accrued interest is due in full on or before October 28, 2014.  The note is convertible at the option of the holder at any point at least 180 days from the note date at a 42 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.  As of September 30, 2014 the full principal balance $78,500, along with accrued interest of $4,284, remained outstanding. During the three months ended December 31, 2014, the lender converted $62,235 in note principal into 854,563 shares of common stock. As of December 31, 2014, the remaining principal balance of the note was $16,265, with $5,240 in accrued interest. During the three months ended March 31, 2015, the lender converted $4,831 in note principal into common stock. The remaining balance of $11,434 was written off by the lender, along with interest of $2,090. The Company accounted for this as gain on forgiveness of debt. As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #4 Hanover Holdings, LLC

On April 11, 2014 the Company entered into a convertible promissory note with an unrelated third party, wherein the Company borrowed $103,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 11, 2015.  The note is convertible at the option of the holder at any point after the note date at a 40 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability when the conversion option became effective after the note date due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  As of September 30, 2014 the principal balance on this note remained at $103,000. During the three months ended December 31, 2014, the lender converted $83,000 in note principal into 816,778 shares of common stock. As of December 31, 2014 the remaining principal balance on the note was $20,000, with $1,336 in accrued interest. During the three months ended March 31, 2015, the lender converted $20,000 in note principal into 1,092,242 of the Company’s common stock. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #5 Union Capital, LLC

On December 19, 2014 the Company entered into a convertible note with an unrelated third party. Pursuant to the terms of the note, the Company borrowed $26,000 from the lender. The principal accrues interest at a rate of eight percent per annum and is due in full on December 19, 2015.  The Company did not assume the debt until February 5, 2015 and as such the note was not convertible until this date.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 10 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The note was drawn in the three months ended March 31, 2015. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $26,000.

9

Loan #6 Dr. Yusuf Hameed

On December 31, 2014 the Company entered into a Convertible Redeemable Note Agreement with an unrelated third party. Pursuant to the terms of the note, the Company borrowed $20,000 from the lender, which accrues interest at a rate of eight percent per annum, and is due on December 31, 2015. The note is convertible 6 months from the date of the agreement at a conversion price of $0.0001 - The note shall immediately convert upon the earlier of (a) a reverse split being effective or (b) an increase in authorized shares. Prior to six months from the date of the agreement, the Company had a reverse split which caused the note to become convertible. On the February 8, 2015, the Company recognized $27,085 as derivative liability and reclassified the convertible note to derivative as this note is tainted due to the other derivative convertible instruments. During the period ended March 31, 2015 the lender converted $20,000 of the note principal into the Company’s 500,000 shares of common stock. The Company and lender negotiated an early settlement on February 14, 2015 on the conversion terms. The Company evaluated the note for debt extinguishment and concluded that this note does not qualify as it is considered to be a derivative under ASC 815-15. As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #7 Coventry Enterprises, LLC

On February 5, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $100,000. The principal accrues interest at a rate of eight percent per annum and is due in full on February 5, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $100,000.

Loan #8 Coventry Enterprises, LLC

On February 5, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company assumed $450,000 of debt of Medient Studios, Inc. in respect of the distribution agreement for the movie Yellow entered on February 12, 2015. The principal accrues interest at a rate of eight percent per annum and is due in full on February 5, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended March 31, 2015 the lender converted $221,300 of the note principal into 12,900,000 of the Company’s common stock. During the period ended June 30, 2015 the lender converted $180,800 of the note principal into 16,000,000 of the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $47,900.

Loan #9 Union Capital, LLC

On February 6, 2015 the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $25,000 that was used to settle the Olweean demand note (see below). The principal accrues interest at a rate of eight percent per annum and is due in full on February 6, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 10 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $25,000 of the note principal into 1,618,559 shares of the Company’s common stock.   As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #10 Magna Securities, LLC

On February 17, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $35,000. The principal accrues interest at a rate of eight percent per annum and is due in full on February 17, 2016.  The note is immediately convertible at a 40 percent discount to the lowest trading price in the five trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $35,000.

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Loan #11 Union Capital, LLC

On March 9, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company assumed $53,880 of debt of Medient Studios, Inc. in respect of the distribution agreement for the movie Yellow entered on February 12, 2015. The principal accrues interest at a rate of eight percent per annum and is due in full on March 9, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the 5 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $53,880 of the note principal into 3,283,903 of the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #12 Union Capital, LLC

On March 9, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 9, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the 5 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $50,000.

Loan #13 Vis Vires Group, Inc.

On February 19, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $43,000. The principal accrues interest at a rate of eight percent per annum and is due in full on November 23, 2015.  The note is convertible after 180 days at a 50 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $43,000.

Loan #14 Coventry Enterprises, LLC

On March 10, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $75,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 10, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $75,000.

Loan #15 LG Capital Funding, LLC

On March 12, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $75,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 12, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the 15 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $75,000.

Loan #16 Union Capital, LLC

On March 24, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company assumed $116,678 of debt of Medient Studios, Inc. in respect of the distribution agreement for the movie Yellow entered on February 12, 2015. The principal accrues interest at a rate of eight percent per annum and is due in full on March 24, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the five trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $1,000 of the note principal into 65,775 of the Company’s common stock. As of June 30, 2015 the remaining principal balance on this note was $115,678.

Loan #17 Union Capital, LLC

On March 24, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 24, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the five trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock. As of June 30, 2015 the remaining principal balance on this note was $50,000.

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Loan #18 Carebourn Capital, LP

On March 27, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $53,000, with original issuance discount of $3,000 recorded as expense. The principal accrues interest at a rate of 12 percent per annum and is due in full on December 27, 2015.  The note is convertible after 90 days at a 40 percent discount to the average of the lowest three days trading price in the 10 trading days prior to conversion date.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $53,000.

Loan #19 Vis Vires Group, Inc.

On April 9, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $38,000. The principal accrues interest at a rate of eight percent per annum and is due in full on January 14, 2016.  The note is convertible after 180 days at a 40 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $38,000.

Loan #20 Coventry Enterprises, LLC

On April 13, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $75,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 13, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $59,016, net of debt discount of $15,984.

Loan #21 Coventry Enterprises, LLC

On April 27, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 27, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $41,257, net of debt discount of $8,743.

Loan #22 JDF Capital, LLC

On May 7, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $55,000. The principal accrues interest at a rate of eight percent per annum and is due in full on May 7, 2016.  The note is convertible at any time after the required 144 holding period at a 40 percent discount to the lowest closing bid price in the 5 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $55,000.

Loan #23 HGT Capital, LLC

On May 11, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of ten percent per annum and is due in full on November 11, 2015 The note is convertible after maturity at a 38 percent discount to the average lowest 3 closing bid price in the 20 trading days prior to conversion. The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $50,000.

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Loan #24 Coventry Enterprises, LLC

On May 20, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on May 20, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $50,000.

Loan #25 JMJ Financial

On June 24, 2015 the Company drew down upon an existing promissory note with an unrelated third party whereby the Company agreed to borrow $30,000. The note is due in full on December 24, 2015. The note is exempt from interest for the 90 days after the note date; after 90 days the unpaid principal balance shall accrue interest at a rate of 12 percent per annum.  The note will become convertible into shares of the Company’s common stock on December 21, 2015 at a conversion price of 60 percent of the lowest trade price in the 25 trading days previous to the conversion. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $30,000.

During the period ended June 30, 2015, the Company recorded $1,399,558 new debt discounts and amortized a total $925,317 to interest expense, leaving total unamortized debt discounts of $606,971 as of June 30, 2015.

NOTE 4 – NOTES PAYABLE

As of June 30, 2015 and September 30, 2014, the Company had total of $383,000 and $19,000 in outstanding Notes Payable respectively. The unamortized debt discount as of June 30, 2015 and September 30, 2014 are $28,289 and $0, respectively.

Note Payable	Note	Maturity	$ Face Value or O/S		June 30,		September 30,
Current	Date	Date	Amount		2015		2014
					$		$
Loan #1	5/1/2012	Demand		-		-		19,000
Loan #2	12/22/2014	12/22/2015		-		-		-
Loan #3	2/10/2015	9/5/2015		-		-		-
Loan #4	1/19/2015	9/23/2015		30,000		30,000		-
Loan #5	4/29/2015	4/29/2016		78,000		78,000		-
Loan #6	6/4/2015	5/29/2016		275,000		275,000		-
TOTAL				383,000		383,000		19,000

Loan #1 Jeffrey Olweean

On May 1, 2012 the Company entered into a loan agreement with an unrelated third party. The note principal bears interest at a rate of 10 percent per annum and due on demand. At September 30, 2014 the entire $19,000 principal balance remained outstanding, along with $3,800 in accrued interest. As of December 31, 2014 accrued interest on the note totaled $4,758. On February 5, 2015 this note was settled for $25,000 with another note. See Loan #9 in Note 3. As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #2 Dr. Yusuf Hameed 

On December 22, 2014 the Company entered into a Convertible Redeemable Note Agreement with an unrelated third party. Pursuant to the terms of the note, the Company borrowed $50,000 from the lender, which accrues interest at a rate of eight percent per annum, and is due on December 22, 2015. The note is convertible at the option of the lender at any time after 6 months from the date of the agreement. The note shall immediately convert upon the earlier of (a) a reverse split being effective or (b) an increase in authorized shares, at the lower of 70 percent of the thirty-day volume weighted average trading price of the Company’s common stock, or $0.0003 per share (on a pre-reverse split basis). During the period ended March 31, 2015 the lender converted $50,000 of the note principal into 1,550,000 shares of the Company’s common stock. The Company and lender negotiated an early settlement on February 14, 2015 of the conversion terms. The Company fair valued the shares issued using the market price on date of settlement that was $0.046 or $71,300 and recorded a loss on settlement of debt of $21,300.  As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #3 Dr. Yusuf Hameed

On February 10, 2015 the Company assumed a Convertible Redeemable Note with an unrelated third party. The debt was owed by Medient Studios, Inc. and was assumed in respect of the capital lease purchase from the IDA on February 10, 2015. Pursuant to the terms of the note, the Company borrowed $90,000 from the lender, which accrues interest at a rate of eight percent per annum, and is due on September 5, 2015. The note is convertible 30 days from the date of the note at price of the lower of (a) 30 day VWAP for 30 days subsequent to reverse stock split or $0.000175. During the period ended March 31, 2015 the lender converted $90,000 of the note principal into 2,250,000 shares of the Company’s common stock. The Company and lender negotiated an early settlement on February 14, 2015 of conversion terms. The Company evaluated the note for debt extinguishment and concluded that this note does not qualify as it is considered to be a derivative under ASC 815-15. As of June 30, 2015 the remaining principal balance on this note was $0.

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Loan #4 Ultimate Impressions, LLC dba ULT Consulting

On January 19, 2015, the Company entered into a promissory note with an unrelated third party whereby the Company issued a Note to a supplier in settlement of outstanding invoices in a reduced amount of borrowed $30,000. The principal accrues interest at a rate of 0 percent per annum and is due in full on September 23, 2015. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $30,000.

Loan #5 Robinson Belaustegui Sharp & Low

On February 17, 2015 the Company entered into a $40,517 promissory note with an unrelated third party, which was assumed from Medient Studios, Inc.  The promissory note bears no interest per annum, due 36 months after date of issuance.

On April 29, 2015 the Company entered into a $78,000 promissory note (assumed from Medient Studios), with an unrelated third party that replaced the $40,517 promissory note, with additional borrowing of $37,483. The promissory note bears no interest per annum and is due no later than April 29, 2016. As of June 30, 2015, the amount of principal outstanding was $78,000.

The Company analyzed the modification of the term for the $40,517 note under ASC 470-60 “Trouble Debt Restructurings” and ASC 470-50 “Extinguishment of Debt”. The Company determined the modification is substantial and the transaction should be accounted for as an extinguishment with the old debt written off and the new debt initially recorded at fair value with a new effective interest rate. The Company also determined that the fair value of the new debt is the same as the fair value of the old debt. Thus no gain or loss was recognized upon the extinguishment.

Loan #6 SBI Investments, LLC

On June 4, 2015, the Company issued and SBI Investments LLC, 2014-1 (“SBI”) purchased an Original Issue Discount 5% Secured Promissory Note (the “Note”). Additionally, the Company issued Common Stock Purchase Warrants to SBI for 500,000 shares of common stock exercisable at $0.015 per share for a three (3) year period. The Company analyzed the attached warrants for derivative accounting consideration under ASC 815-15 “derivatives and Hedging” and determined that the derivative instrument should be classified as a liability, since the warrants became tainted by the convertible notes. The debt discount originated from the warrants derivative is determined to be $5,999.

The Note has a face amount of $275,000 and was purchased for $250,000, bears interest at five (5%) percent per annum, and is paid over four quarters beginning August 29, 2015, with a final payment of all remaining principal, accrued interest and any fees then due on May 29, 2016. Any overdue principal bears interest at twenty-two (22%) per annum. The payment of the Note is secured by the pledge by Mr. Jake Shapiro, Chairman of the Company, of 1,875 shares of the Company’s Series B Convertible Preferred Stock owned by Mr. Shapiro. The Note is not convertible.

Upon the occurrence of certain Events of Default in the Note, including but not limited to:  (i) the failure to make a principal or interest payment; (ii) the Company’s breach of any material covenant, representation or warranty with respect to the Note or other agreement with SBI; (iii) the appointment of a receiver or trustee for the Company, or the commencement of a bankruptcy, liquidation or insolvency proceeding; (iv) the default by the Company under other debt instruments; or (v) the change of control of the Company, the Note becomes immediately due and payable and the Company shall pay to SBI 125% of the sum of the then outstanding principal on the Note, together with default interest.

SBI has represented to the Company that it is an “accredited investor” as defined in Rule 501(a) of Regulation D of the Securities and Exchange Commission.

During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $275,000. 

During the period ended June 30, 2015, the Company recorded $30,999 new debt discount, and amortized a total of $2,710 to interest expense, leaving total unamortized debt discounts of $28,289 as of June 30, 2015.

NOTE 5 – NOTES PAYABLE - LONG TERM

As of June 30, 2015 and September 30, 2014, the Company had total of $25,000, and $25,000 in outstanding Notes Payable – Long Term respectively.

Note Payable		Maturity	June 30,		September 30,
Current	Note Date	Date	2015		2014
			$		$
Loan #1	8/26/2014	8/27/2017		25,000		25,000
TOTAL				25,000		25,000

Loan #1 Ira Williams- long term convertible note 

On August 26, 2014 the Company entered into a $25,000 convertible debenture note agreement with an unrelated third party. The note accrues interest at a rate of 12 percent per annum and is due on August 25, 2017.  Pursuant to the terms of the note, the principal can be converted into shares of the Company’s common stock, at the option of the lender, at any time after six months and up to one year from the note date at a 20 percent discount to the market price of the shares.  The discount will be 25 percent if converted between one and two years, and will be 30 percent if converted after two years.  The maximum conversion price will be $0.50 per share.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015, the entire principal balance remained outstanding and accrued interest on the note totaled $26,027

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NOTE 6 – RELATED PARTY NOTES PAYABLE

Loan #1 Robert Lees 

On August 5, 2014 the Company borrowed $18,000 from a former related party in the form of a note payable.  The note accrues interest at a rate of 12 percent per annum, is unsecured, and is due on demand.

As of June 30, 2015 and September 30, 2014, the Company had a total of $18,000 and $18,000 in outstanding Related Party Notes Payable respectively.

NOTE 7 – FAIR VALUE MEASUREMENTS

As defined in FASB ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy are as follows:

Level 1   –    Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2   –    Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date.

Level 3   –    Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as June 30, 2015.

September 30, 2014

Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
LIABILITIES:
Derivative liability		--		--		247,880		247,880

June 30, 2015

Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
LIABILITIES:
Derivative liability		--		--		2,190,156		2.190,156

NOTE 8 – DERIVATIVE INSTRUMENTS

During the years ended September 30, 2013 and 2014, and the nine months ended June 30, 2015, the Company issued debt instruments that were convertible into common stock at discounts to closing prices during various preceding trading day period priors to conversion. The conversion options embedded in these instruments contain no explicit limit to the number of shares to be issued upon settlement and as a result are classified as liabilities under ASC 815. Additionally, because the number of shares to be issued upon settlement is indeterminate, all other share settleable instruments must also be classified as liabilities, resulting in a liability for conversion options on 500,000 Common Stock Purchase Warrants issued during June, 2015. A debt discount of $1,405,557 was recorded as a result of these derivative liabilities, $928,027 was amortized into interest expense for the nine months ended June 30, 2015.

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During the period ended June 30, 2015, certain notes payable were converted resulting in settlement of the related derivative liabilities.  The Company re-measured the embedded conversion options at fair value on the date of settlement and recorded these amounts to additional paid-in capital.

The following table summarizes the changes in the derivative liabilities during the period ended June 30, 2015:

Ending balance as of September 30, 2014	$	247,880
Debt discount		1,405,557
Reclassification of convertible note to derivative		27,085
Reclassification of derivative liabilities to additional paid-in capital due to conversion of debt		(2,051,908	)
Loss on change in fair value		2,561,542
Ending balance as of June 30, 2015	$	2,190,156

The Company uses the Black Scholes Option Pricing Model to value its derivatives based upon the following assumptions: dividend yield of -0-%, volatility of 174-1271%, risk free rate of 0.02-1.07% and an expected term of 0.08 to 3.04 years.

NOTE 9 – EQUITY ACTIVITY

Common Stock

During the nine months ended June 30, 2015, the Company issued and aggregate of 45,240,647 of common stock upon the conversion and partial conversion of $915,219 in convertible debts and notes payable, including interest. In addition, the Company issued an aggregate of 6,332,216 of common stock for $109,424 in services rendered, an aggregate of 10,000,000 of common stock valued at $0 for part consideration of the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights. The Company issued a further 8,333,333 of common stock for $500,000 in part consideration for the directing services of Penny Marshall re the motion picture Effa and a second motion picture to be determined. The Company issued a further 166,666,667 of common stock valued at $0 in consideration of part financing the motion picture Effa. The Company also cancelled 1,816 of common stock. The Company also issued a total of 2,800,000 shares of common stock for settlement of $100,000 liability. A loss of $21,300 was recognized on the settlement.

During the nine months ended June 30, 2015, on the dates indicated below, the Company issued the following “unregistered” and “restricted” shares as indicated (all share figures are post-split).

Name	No. of Shares			Issuance Date	Consideration
Jake Shapiro		6,250	(Preferred)	12/8/14	(1)
Jeff Olweean		73,500		2/12/15	(2)
Roger Miguel		300,000		2/12/15	(3)
Moon River Studios, Inc.		10,000,000		2/12/15	(4)
Nutmeg Productions, Inc.		7,083,333		2/18/15	(5)
Michael Mann		1,250,000		2-18-15	(6)
Eagle Productions, LLC		166,666,667		2-27-15	(7)
Alex Warner		1,250,000		4/9/15	(8)
NFC Corp.		1,000,000		5/11/15	(9)
Steven Bahlmann		458,716		6/1/15	(10)
Benchmark Advisors		2,000,000		6/15/15	(11)
FMW Media		2,500,000		6/16/15	(12)

(1) These shares were issued as consideration for the Studioplex City LLC acquisition.

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(2) These shares were issued in consideration of services related to the Company’s acquisition of Studioplex City, LLC.

(3) These shares were issued as consideration for management services.

(4) These shares were issued as part consideration for the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights

(5) These shares were issued in part consideration for the directing services of Penny Marshall re the motion picture Effa and a second motion picture yet to be determined.

(6) These shares were issued in part consideration for management fees re Penny Marshall directing the motion picture Effa.

(7) These share were issued in consideration of part financing the motion picture Effa.

(8) These shares were issued in exchange for acquiring entertainment and potential consulting services.

(9) These shares were issued for consulting services performed.

(10) These shares were issued in settlement of a $10,000 debt for previously rendered services for Moon River Studios, Inc.

(11) These shares were issued in exchange for consulting services.

(12) These shares were issued in exchange for consulting services.

These shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

Preferred Stock

On December 7, 2014 the Company authorized the creation of Series B preferred stock. The Series B preferred stock has liquidation preference, and each share of Series B preferred stock carries voting rights equivalent to that of five hundred shares of common stock. In addition, the Series B preferred stock is convertible into shares of common stock at the option of the shareholder at a rate of ten common shares for every share of Series B preferred stock.

On December 7, 2014, the Company issued 6,250 shares of Series B preferred stock in order to complete the acquisition of Studioplex City, LLC. The shares were valued at $400.00 per share. The shares were issued to Mr. Jake Shapiro who was subsequently appointed Chairman of the Company. The sole asset of Studioplex City, LLC was a two picture deal with the director Penny Marshall. These preferred shares carried super voting rights of 500 per share i.e. 3,125,000 votes. At the date of the transaction 659,608,217 (pre-split) common stock was issued, trading at $0.0006. Therefore the Company had a market capitalization of $395,765 and the Preferred Stock Series B had 65% of voting rights in the Company. Accordingly, the value of the film asset has been recorded at $259,062, being 65% of the then market capitalization of the Company. As of the filing date, these shares represent 1.3% of voting rights in the Company.

Reverse Stock-Split

On December 22, 2014 the Company authorized a reverse-split of its outstanding common stock on a one-share-for-400-shares basis. All references to common stock in these financial statements have been retroactively restated so as to account for the effects of this reverse-split.

Common Stock Rights and Warrants

During June 2015, in conjunction with the issuance of a $275,000 Note Payable, The Company granted 500,000 warrants to purchase common stock at an exercise price of $0.015 per share for three years. The warrants were valued using the Black-Scholes option pricing model at a fair value of $0.01 per share, resulting in $5,999 being recorded as debt discount, which is being amortized to interest expense.

The Company analyzed the Common Stock Purchase Warrants for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that they contain a derivative instrument classified as a liability due to there being no explicit limit to the number of shares to be delivered upon settlement.   

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The following table summarizes the warrants outstanding and associated activity for the period ended June 30, 2015:

	Number of Options		Weighted Average Price		Weighted Average Remaining Contractual Life
Warrants exercisable at September 30, 2014:		-	$	0.0		-
Granted		500,000		0.015		3.00
Exercised		-		-		-
Expired		-		-		-
Warrants exercisable at June 30, 2015		500,000		0.015		2.92

The warrants were valued at using the Black-Scholes option fair value pricing model using the following assumptions:

Stock price on grant date	$	0.012
Exercise price	$	0.015
Expected time to exercise		3 years
Risk free interest rate		0.98	%
Volatility		448	%
Expected forfeiture rate		0.00	%

The outstanding warrants have an intrinsic value of $2,500 as of June 30, 2015.

NOTE 10 - CAPITAL LEASE

On February 10, 2015 the Company entered into a Lease Purchase and Assignment Agreement with Moon River Studios, Inc., (“Moon River”) formerly known as Medient Studios, Inc. (“Medient”) whereby the Company purchased a land lease (“Lease”) relating to property predominantly in Effingham County, GA, along with various other assets of Moon River, including the name “Moon River Studios”. Mr. Jake Shapiro, Chairman of the Company was formerly the Chief Executive Officer of Medient. As consideration for this purchase, the Company agreed to the issuance of ten million shares of the Company’s common stock, payment for registering the shares, plus the Company’s assumption of $10,000,000 of Medient liabilities under the terms of the Lease.

The Company has accounted for the value of the lease as the net present value of $4,996,787 of the capital lease obligation.

The discount rate used in calculating the net present value of the minimum lease payments was The Company’s weighted average cost of capital of 8.6%.

A discount accretion of $159,455 and $0 has been recorded in the nine months ended June 30, 2015 and 2014 respectively, relative to the present value of the minimum lease payments.

Accordingly, the capital lease obligation as at June 30, 2015 is $5,156,242.

The Lease Agreement was entered on August 21, 2013, with the Effingham County Industrial Development Authority (the “IDA”). Under the Lease, approximately 1,560 acres of land located predominantly within Effingham County, Georgia (“Property”) was leased. The Lease is effective from August 21, 2013 through July 1, 2033. No interest is payable and no payments are due for the first two years, with the total rent of $10 million being paid in 18 equal annual installments, commencing February 28, 2016. The Company is obligated to pay additional rent if it does not achieve the specified goals of $90 million in investment and 527 jobs on or before the end of year 5 (five). During the five year period there are also a number of mutually agreed milestones to be met. If not met the Company will be subject to various default provisions. At the end of the Lease, the Company has the option to purchase the Property for $100. The Lease has been accounted for as a capital lease and the net present value of the minimum lease payments under the Lease is $4,996,787 million as at June 30, 2015. 

NOTE 11 – FILM ASSETS

On February 12, 2015, the Company acquired the worldwide distribution rights for the movie Yellow from Medient Studios, Inc. Mr. Jake Shapiro, Chairman of the Company was formerly the Chief Executive Officer of Medient Studios, Inc. Under terms of the agreement, the Company will receive, in addition to a profit share, a 10% (ten percent) distribution fee, and a 20% (twenty percent) return on all funds expended associated with the acquisition of the rights, print and advertising, marketing, and other expenses associated with the release of the movie. As consideration, the Company has committed to provide these costs and fees, along with the assumption of various costs and liabilities costs associated with the movie. Costs assumed to June 30, 2015 totaled $787,575. Included within this amount is an account payable in the amount of $23,689 owing to Ms. Megan Murphy by Medient Studios, Inc. The Company will, from time to time, advance miscellaneous funds on behalf of Moon River Studios Inc’s expenses, and will recoup such funds from the exploitation of the movie.

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Under an option agreement with the writers of the script for the movie Effa the Company has paid $8,000 for an 18-month option to finance, produce and exploit the rights in the movie. The Company has the right to extend the option at the end of the initial 18 months for a further 12 months for a further payment of $8,000. A further $3,500 was expended relating to consultancy services in respect of the movie.

During the quarter ended December 31, 2014 the Company acquired Studioplex City, LLC, the sole asset of which was a two picture deal with director Penny Marshall.

The Company acquired Studioplex City, LLC with the issuance of 6,250 shares of Series B preferred stock. The shares were issued to Mr. Jake Shapiro, who was subsequently appointed Chairman of the Company. The shares were valued at $400.00 per share. At the time of the acquisition the Company had a market valuation of $359,765. Upon closing of the transaction the Series B preferred stock had 65% voting control of the Company. Accordingly the Company has valued the Film Asset as 65% of the value of the Company i.e. $259,062. As of the filing date, these shares represent 1.3% of voting rights in the Company.

NOTE 12 - SITE DEVELOPMENT COSTS

On February 10, 2015, the Company entered into a Lease Purchase and Assignment Agreement with Moon River Studios, Inc., (“Moon River”) formerly known as Medient Studios, Inc. (“Medient”) whereby the Company purchased a land lease (“Lease”) relating to property predominantly in Effingham County, GA, along with various other assets of Moon River, including the name “Moon River Studios” As consideration for this purchase, the Company agreed to the issuance of ten million shares of the Company’s common stock, payment for registering the shares, plus the Company’s assumption of $10,000,000 of Medient liabilities under the terms of the Lease.

The Company is developing this property with a view to building a motion picture studio. During the nine months ended June 30, 2015, the Company has expended $210,865 on site development costs, including but not limited to architects, and civil engineers etc.

The milestones and dates completed include:

Milestone	Completion Date
Survey for Water Line	April 2, 2015
Updated Master Plan (submission)	April 13, 2015
Survey for Spine Road	April 15, 2015
Engineering Design for Water Line (submission)	April 16, 2015
Topo Survey for Studio Site (57 + acres)	May 13, 2015
Septic System Drain Field Survey (3+ acres)	June 1, 2015
Septic System Soil Investigation	June 14, 2015
Engineering Design for Spine Road (submission)	June 15, 2015
Revised Master Plan (submission)	July 8, 2015
Further Revised Master Plan (submission)	July 14, 2015
County Commission Approval of Master Plan	July 21, 2015

NOTE 13 – DISCONTINUED OPERATIONS

On March 1, 2015, the Company sold ownership of Zaldiva Comics and Collectibles (“Zaldiva”) to Ms. Nicole Leigh, a former director of the Company, for $10,100.  The assets sold consist of Zaldiva.com, Zaldiva.com Comics & Collectibles, Zaldiva Comics & Collectibles, and all of Zaldiva’s inventory and intellectual property.

As such, all assets, liabilities, revenues and expenses of the business have been presented as discontinued operations in the consolidated financial statements. A summary of the assets and liabilities as of June 30, 2015 and September 30, 2014 and revenues and expenses for the three and nine months ended June 30, 2015 and June 30, 2014

	June 30, 2015		September 30, 2014
	$		$
Assets from Discontinued Operations
Bank Account		-		10,500
Deposits		-		2,285
Fixed Assets		-		14,157
Inventory		-		9,007
Total Assets		-		35,949
Liabilities from Discontinued Operations		-		-
Total Liabilities		-		-

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	For the three months					For the nine months
	ended June 30					ended June 30
	2015		2014			2015			2014
	$		$			$			$
Net Revenues		-		90,829			185,806			244,165
Cost of Sales		-		40,966			81,772			106,787
Gross Margin		-		49,863			104,034			137,378
Expenses
Compensation		-		-			53,971			-
Depreciation		-		3,348			1,128			3,348
Professional fees		-		57,686			-			57,686
General & Administrative		-		40,395			54,107			40,395
Total Expenses		-		101,429			109,206			101,429
Net Income (Loss) from
Discontinued Operations		-		(51,566	)		(5,172	)		35,949
Loss on disposal		-		-			(31,395	)		-
Total discontinued operations		-		(51,566	)		(36,567	)		35,949

The Company was forgiven a $10,000 debt to Ms. Leigh as proceeds from the sale of Zaldiva.

As at December 31, 2014, the Company consolidated $41,395 of net assets of Zaldiva. This was increased to $58,703 from trading profits in the three months to December 31, 2014 of $17,308. Trading losses of $12,136 incurred during the two months ended March 1, 2015 reduce the write off to $46,567. The Company received $10,000 as proceeds from the sale establishing a Loss on Zaldiva of $36,567 for the nine months ended June 30, 2015.

NOTE 14 – MAKE WHOLE PROVISION LIABILITY

Pursuant to the agreement entered between the Company and Nutmeg Productions, Inc. (“Nutmeg”) for the directing services of Penny Marshall, the Company has guaranteed that the value of the number of shares of stock so issued shall at all times be equal to the sum of $425,000. Such Guarantee shall be in place for a period of six (6) months from the date of the issuing of the stock (February 18, 2015) (said date of availability for sale is termed “Sale Date”), whereupon Nutmeg is able thereafter to sell the stock. Should the net proceeds of the stock as at Sale Date be less than US$425,000 (“Shortfall”) the Company shall be liable to pay to Nutmeg any Shortfall by either:

a) Paying Nutmeg the difference, or

b) Issuing further stock (“Further Stock”) to Nutmeg.

Pursuant to the agreement entered between the Company and Nutmeg Productions, Inc. for the directing services of Penny Marshall, the Company has guaranteed that the value of the number of shares of stock issued to Michal Mann (“Mann”) as Ms. Marshall’s manager, that shall at all times be equal to the sum of $75,000. Such Guarantee shall be in place for a period of six (6) months from the date of the issuing of the stock (February 18, 2015) (said date of availability for sale is termed “Sale Date”), whereupon Mann is able thereafter to sell the stock. Should the net proceeds of the stock as at Sale Date be less than US$75,000 (“Shortfall”) the Company shall be liable to pay to Mann any Shortfall by either:

a) Paying Mann the difference, or

b) Issuing further stock (“Further Stock”) to Mann.

As at June 30, 2015, the amount of the Shortfall was $333,333 that has been accounted for as Make Whole Provision Liability.

NOTE 15 – CONTINGENT LIABILITIES

The Company has guaranteed a loan from AMAG to Moon River Studios, Inc. in relation to the movie Yellow. The loan is intended to be repaid by Moon River Studios, Inc. from the proceeds derived from the exploitation of the movie. As at June 30, 2015, the amount outstanding was $338,633 and accrues interest at 12% per annum.

The Company also guaranteed other costs in relation to the movie Yellow in the amount of $450,000. The Company may guarantee and / or assume further debts of Yellow, in anticipation of the commercial exploitation of the movie. Any further guarantee or assumption of debt will be disclosed by the Company at that time. The Company also guaranteed a further $90,000 in respect of the lease of the property.

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NOTE 16– EAGLE PRODUCTIONS

On February 27, 2015, the Company entered into a Rights Acquisition and Investment Agreement with Eagle Productions, LLC (“Eagle”) with a view to the Company investing in, co-producing and exploiting the motion picture currently titled Effa to be produced by Eagle. Under this agreement, the Company will acquire the worldwide distribution rights and will invest in the movie.  The Company will be the sole and exclusive beneficiary of the worldwide exploitation rights of the picture for all purposes, in perpetuity.  The Company will advance a portion of the budget of the picture, consisting of 166,666,667 in restricted common. On July 6, 2015, the Company filed a Form S-1 Registration statement for these shares, together with the additional 10,000,000 shares previously issued in relation to the acquisition of the capital lease for the property.

While Eagle was formed by the Company’s Chairman, Mr. Jake Shapiro, under the terms of the Rights Acquisition Agreement, Mr. Shapiro has assigned 99% of the distribution revenues to the benefit of the Company. Film producer Wendi Laski has been appointed as managing director of Eagle.

As per the Rights Acquisition Agreement, Eagle Productions has pledged its shares to the Board of Directors of the Registrant (Messrs. Roger Miguel, Jake Shapiro, and Joseph Giamichael).   If the Board of Directors cannot reach a majority, the chairman of the Board of Directors of the Registrant (Mr. Jake Shapiro) shall have the casting vote.

Medient Studios, Inc has approximately 3,000 shareholders of record and, all officers and directors have resigned.

Given that Eagle and the Company share common control, the consideration has been accounted for through Additional Paid In Capital.

NOTE 17 – CORRECTION OF PRIOR QUARTER INFORMATION

During the quarter ended March 31, 2015 the Company identified an error in the December 31, 2014 previous period which included a film asset in the amount of $2,500,000.

The asset was acquired as part of the acquisition by the Company of Studioplex City, LLC on December 7, 2014 where under the Company issued 6,250 shares of Series B preferred stock in order to complete the acquisition. The shares were valued at $400.00 per share. The sole asset of Studioplex City, LLC was a two picture deal with the director Penny Marshall. At the time of the acquisition the Company had a market valuation of $359,765. Upon closing of the transaction the Series B preferred stock had 65% voting control of the Company. Accordingly the Company, during the quarter ended March 31, has recognized a correction of the value of the film assert to 65% of the value of the Company i.e. $259,062. Additional Paid In Capital has similarly been reduced by $2,240,938 being the amount of the write down. As of the filing date, these shares represent 1.3% of voting rights in the Company.

In accordance with the SEC’s Staff Accounting Bulletin Nos. 99 and 108 (SAB 99 and SAB 108), The Company evaluated this error and, based on an analysis of quantitative and qualitative factors, determined that the error was immaterial to the prior reporting period affected. However, if the adjustments to correct the cumulative effect of the above error had been recorded, the Company believes the impact would have been significant and would impact comparisons to prior periods. Therefore, as permitted by SAB 108, the Company corrected, in the current filing, previously reported results for December 31, 2014 financial statements.

A Form 10Q / A was filed on July 1, 2015 amending the previously filed Form 10Q.

NOTE 18 – DEBT ISSUANCE COSTS

Costs incurred in issuing Convertible Notes and Notes Payable are capitalized as Debt Issuance Costs. The Debt Issuance Costs are amortized over the term of the Convertible Notes and Notes Payable. During the nine months ended June 30, 2015, $17,748 was amortized to interest. Included in these amounts was $3,193 for interest that related to the three months ended March 31, 2015 and $33 for interest that related to the three months ended December 31, 2014. Management does not consider these prior period amounts material, and have not, therefore, restated the Financial Statements for the three months ended March 31, 2015. As at June 30, 2015, the amount of unamortized Debt Issuance Costs was $61,809. As at March 31, 2015 the amount of unamortized Cost of Debt was $30,023 and as at December 31, 2014, the amount of unamortized Cost of Debt was $969.

NOTE 19 – STUDIOPLEX CITY RENTALS

On April 17, 2015, The Company acquired 100% of the share capital of Studioplex City Rentals, LLC (“SCR”). The shares were purchased from Mr. Jake Shapiro, Chairman of the Company, for a purchase price of $100. As at the date of the acquisition,of the shares, and through June 30, 2015, SCR had not generated revenues. SCR, on March 26, 2015, had entered a Purchase and Sale Agreement with Applebox Productions, Inc. under which it agreed to purchase various film equipment, intended for rental. The acquisitions was completed on July 2, 2015, and since that date, SCR has generated $22,090 in revenue.

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NOTE 20 – SUBSEQUENT EVENTS

On July 2, 2015, Studioplex City Rentals, LLC, a Nevada limited liability company (“SCR”) and a wholly-owned subsidiary of FONU2 Inc. (“FONU2”) completed the purchase of all assets of AppleBox Productions, Inc., a film rental production company based in Jacksonville, Florida (“AppleBox”). The Company paid total consideration of $1,000,000 consisting of (1) $400,000 in cash, and (2) $600,000 in a subordinated note (the “Seller Note”).

The Seller Note bears interest at eight percent (8%) per annum and is payable in a lump sum or $94,000 on or before the sixtieth day following the closing date, and thereafter in monthly payments of not less than $25,000, with a final payment of all unpaid principal and accrued interest on the first anniversary of the closing date. The Seller Note is secured by the collateral assignment of all purchased assets pursuant to a Security Agreement between SCR and the Seller. The repayment of the Seller Note is subordinated to the payment of the indebtedness of FONU2 to Loeb Term Solutions LLC (“Loeb”) described below. FONU2 and Mr. Jake Shapiro, Chairman of FONU2, have both unconditionally guaranteed the repayment of the Seller Note.

In order to finance a portion of the cash portion of the purchase price and to pay closing costs, FONU2 borrowed $350,000 from Loeb pursuant to a Term Promissory Note (the “Loeb Note”) which is secured by the collateral assignment of all purchased assets pursuant to a Security Agreement between the SCR and Loeb. The Loeb Note bears interest at the prime rate plus ten percent (10%) per annual and is paid in 206 consecutive weekly payments of $2,164.39, with a final payment of all outstanding principal and accrued but unpaid interest due on June 19, 2019. The repayment of the Loeb Note is senior to the payment of the indebtedness of the SCR to AppleBox described above. FONU2 and Mr. Jake Shapiro, Chairman of FONU2, have both unconditionally guaranteed the repayment of the Loeb Note. 

In addition, SCR entered into a lease agreement with Applebox to lease warehousing space until arrangements are made to move the equipment to Georgia. The lease is for a period of two months rent free, with the option to renew monthly at a cost of $3,500 per month..

Purchase Price	$	1,000,000
Closing Costs		34,824
Total	$	1,034,824
Financed By:
Studioplex City Rentals, LLC	$	84,824
Loeb Term Solutions, LLC		350,000
Applebox Short Term Subordinated Debt		100,000
Applebox Long Term Subordinated Debt		500,000
Total	$	1,034,824

On July 7, 2015 the Company entered into a convertible note with Vis Vires Group, Inc., an unrelated third party whereby the Company borrowed $38,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 10, 2016.  The note is convertible after 180 days at a 40 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default.

On July 9, 2015 the Company issued 500,000 shares of common stock to Levelogic, Inc. in exchange for consulting services. As at the date of issue the stock so issued had a value of $15,000.

On July 13, 2015 the Company issued 1,000,000 shares of common stock to Emerging Markets Consulting, LLC in exchange for consulting services. As at the date of issue the stock so issued had a value of $30,000.

On July 13, 2015, the Company issued 325,000 shares of common stock to Meyers Associates LP in exchange for consulting services. As at the date of issue the stock so issued had a value of $9,750.

On July 13, 2015 the Company issued 325,000 shares of common stock to Gregory R Traina in exchange for consulting services. As at the date of issue the stock so issued had a value of $9,750.

As of August 7, 2015 there have been no further issuances of shares of common stock.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. From time to time, we may also provide oral or written forward-looking statements in other materials we release to the public. Such forward-looking statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections about our business and industry, and our beliefs and assumptions, and include, but are not limited to, statements under the headings “Management's Discussion and Analysis of Financial Condition and Results of Operations” and Outlook. Words such as “anticipate,” “believe,” “estimate,” “expects,” “intend,” “plan,” “will” and variations of these words and similar expressions identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond our control, are difficult to predict and could cause actual results to differ materially (both favorable and unfavorably) from those expressed or forecasted in the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in “Risk Factors” and elsewhere in this report, and those described from time to time in our past and future reports filed with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended September 30, 2014. Forward-looking statements that were believed to be true at the time made may ultimately prove to be incorrect or false. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Overview

FONU2 Inc. is a film studio, production and social commerce company actively developing a 1,560 acre film studio complex predominantly in Effingham County, Georgia. Pre-construction and engineering have begun on the site with the initial warehouses and sound stages to follow.  In addition to building the film studio, the Company has purchased equipment suitable for film, television and commercial production.  Both the facility space and the equipment will be used by the Company for its own productions and be made available for rental to third parties. In addition, the Company acquired certain intellectual property rights, including the name “Moon River Studios.”

The Company has also acquired the worldwide distribution rights to Nick Cassavetes’ film, Yellow. The Company has also acquired a two picture directing contract with Penny Marshall, the option on the screenplay Effa and the worldwide distribution rights for Eagle Productions.

The Company’s social media division has previously invested in the development of a precision sales and marketing platform that integrates into the social media networks.

The social commerce platform is currently on hold. Given the Company’s current emphasis on development of the studios, rental equipment activities and other activities relating to the movie industry, the social commerce activities of the Company are not considered a priority at this time.

The Company would need $250,000 to prepare the platform for a launch, plus $50,000 per month for ongoing operations.  An approximately $2,000,000 is required for advertising and marketing.   The Company would require 3 to 4 months from date of funding to launch the platform.

Alternatively the Company can seek to acquire and/or merge with an existing social commerce company.  This would reduce risk, shorten timeframes and reduce advertising and marketing expenses.  The Company believes that it would require at least $600,000 in addition to equity for the acquisition.

Having acquired Studioplex City, LLC (“Studioplex City”), the worldwide distribution rights to Yellow, and the Lease to the 1,560 acre property predominantly in Effingham County, Georgia (see “Recent Developments” below), the Company has established a film division to build and operate a large scale full service movie studio and produce motion pictures. For its first in house project the Company has hired Penny Marshall to direct and Wendy Laski to co-produce the movie project Effa.

The Company is firmly committed to keeping our shareholders and the public in general apprised of current development in our business.  As part of this, the Company has, and anticipates continuing to engage with consultants for public relations, investor relations and overall market awareness.  The Company has a firm policy that where appropriate, all  press releases, newsletters, emails, or social media are made available to the public in a manner that complies with all applicable laws and regulations.

Recent Developments.

On April 17, 2015, The Company acquired 100% of the share capital of Studioplex, City Rentals, LLC (“SCR”). The shares were purchased from Mr. Jake Shapiro, Chairman of the Company’s Board, for a purchase price of $100. As at the date of the acquisition,of the shares, and through June 30, 2015, SCR had not generated revenues. SCR, on March 26, 2015, had entered a Purchase and Sale Agreement with Applebox Productions, Inc. under which it agreed to purchase various film equipment, intended for rental. The acquisition was completed on July 2, 2015, and since that date, SCR has generated $22,090 in revenue.

The Company has and continues to raise capital through the issuance of convertible notes. The holders of the convertible notes are able to exercise conversion rights at a discount to the market on various terms and conditions as detailed in Note 3 of the Notes to the Financial Statements, above. Such exercise of conversion rights can lead to substantial share issuances and potential dilution. Such share issuances may have a negative impact on share liquidity and/or share price.

Results of Operations

Three months ended June 30, 2015 compared to the three months ended June 30, 2014

For the three months ended June 30, 2015, we did not earn any revenues. We paid depreciation expenses of $1,352 and product development expenses of $0 and compensation of $17,644. We paid professional fees of $149,641 and general and administrative expenses of $292,554. We paid interest expenses of $543,657, and had a loss on derivative liability of $809,409. We made a loss on make whole provision of $83,333. As a result we had a net loss of $1,897,590 for the three months ended June 30, 2015.

23

Comparatively, for the three months ended June 30, 2014, we did not earn any revenues. We paid professional fees of $612,157, and general and administrative expenses of $72,068. We had interest expense of $209,042, and a loss on derivative liability of $342,979. As a result, we had a net loss from continuing operations of $1,236,246 for the three months ended June 30, 2014. We had a loss from discontinued operations of $51,566. As a result we incurred a net loss of $1,287,812. The increase in net loss between the three months ended June 30, 2015 and 2014 is primarily due to increased interest expense, the increased loss on derivative liability and increased make whole provision.

Nine months ended June 30, 2015 compared to the nine months ended June 30, 2014

For the nine months ended June 30, 2015, we did not earn any revenues. We paid depreciation expenses of $2,080, product development expenses of $34,124, compensation of $27,343, professional fees of $486,952, and general and administrative expenses of $472,944. We paid interest expenses of $1,190,648, had and a gain on the settlement of debt of $13,524, had a loss on extinguishment of debt of $21,300, and a loss on derivative liability of $2,561,542. We made a loss on make whole provision of $333,333. As a result, we had net loss from continuing operations of $5,116,742. We incurred a loss from discontinued operations of $36,567. As a result we incurred a net loss of $5,153,309 for the nine months ended June 30, 2015.

Comparatively, for the nine months ended June 30, 2014, we did not earn any revenues. We recorded professional fees expense of $829,794 and $576,711 on administrative expenses.. We incurred interest of $336,306, a gain on the settlement of debt of $5,719 and a gain on derivative liability of $321,206. As a result, we had a net loss from continuing operations of $1,415,886 for the nine months ended June 30, 2014. We had a profit from discontinued operations of $35,949. As a result we made a net loss of $1,379,937. The increase in net loss between the nine months ended June 30 2015 and 2014 is primarily due to increased interest expense, increased loss on derivative liability and increased make whole provision, partially offset by a decrease in professional fees and general and administrative expenses.

Capital Resources and Liquidity

The Company currently finances its operations through investment capital from a number of accredited investors through the issuance of convertible notes. Such exercise of conversion rights can lead to substantial share issuances and potential dilution. Such share issuances may have a negative impact on share liquidity and/or share price. The primary use of the funds is funding the Company’s operations and studio site development. Over the next twelve months, the Company’s cash requirement for capital expenditure and operations is expected to be in excess of $25,000,000. This requirement is expected to be funded by institutional investor and other capital. There can be no assurance that we will be able to raise capital, if at all, upon terms acceptable to the Company. The Company currently has written agreements, including but not limited to Lexden Capital, with respect to obtaining the necessary capital, however there can be no assurances that the Company will be able to raise the required funds. In addition, our auditors have raised substantial doubt as to our ability to continue as a going concern.

The Company’s current and future sources of capital are from investors, along with the distribution fees earned from the film Yellow. If the Company was unsuccessful at raising additional capital this could lead to the Company’s reduction or termination of operations.

We currently have no firm commitments for capital expenditures within the next year. However, under the terms of the capital lease with the IDA, various milestones are required to be met in respect of the approved Development Plan. These include capital expenditures for the years respectively ended December 31 of $20,000,000 (2015), $25,000,000 (2016), $30,000,000 (2017) and $15,000,000 (2018-2033). The Company does not expect to meet the December, 2015 capital expenditure requirement and is currently revising the Development Plan with the IDA. In addition the rental payment of $555,556 under the terms of the capital lease with the IDA is due on February 29, 2016.

For the nine months ended June 30, 2015, we had a net loss of $5,153,309. We had the following adjustments to reconcile loss from cash flows from operating activities: an increase of $2,080 due to depreciation, an increase of $928,027 due to the amortization of debt discount, and an increase of $2,561,542 due to loss on derivative liability. We had an increase due to the make whole provision of $333,333 and a gain on settlement of debt and interest of $13,524. We had stock based compensation of $109,424, a loss on settlement of debt of $21,300, amortization of debt issuance costs of $17,748 and an original discount of $3,000. We had capital lease accretion of $159,455.

We had the following changes in operating assets and liabilities: an increase of $9,007 due to inventory, an increase of $72,227 in accrued expenses, an increase of $15,016 due to prepaid expenses, and an increase of $114,755 due to account payable. As a result, we had net cash used in operating activities of $819,919 for the nine months ended June 30, 2015.

For the nine months ended June 30, 2014, we had a net loss of $1,379,937. We had the following adjustments to reconcile loss from cash flows from operating activities: an increase of $3,348 due to depreciation, an increase of $296,396 due to the amortization of debt discount, a decrease of $321,206 due to gain on derivative liability, a decrease of $5,719 due to gain on default note payable, and an increase of $636,542 due to stock based compensation. We had the following changes in operating assets and liabilities: an increase of $143,707 due to prepaid expenses and an increase of $18,435 due to accounts payable and accrued liabilities. As a result, we had net cash used in operating activities of $608,434 for the nine months ended June 30, 2014.

24

For the nine months ended June 30, 2015, we purchased $217,279 of property and equipment. As a result, we had net cash used in investing activities of $217,279.

For the nine months ended June 30, 2014, we paid $4,919 for the purchase of property and equipment. As a result, we had net cash used in investing activities of $4,919 for the period.

For the nine months ended June 30, 2015, we received $280,000 as proceeds from notes payable. We received $78,000 as proceeds from long term notes payable and $922,000 as net proceeds from convertible notes. We had cash paid for debt issuance costs of $79,557. As a result, we had net cash provided by financing activities of $1,200,443 for the nine months ended June 30, 2015.

For the nine months ended June 30, 2014, we spent $53,000 on notes payable. We received $416,500 as net proceeds from convertible notes, $90,000 from common stock issued in exercise of options, and $130,000 from common and preferred stock issued for cash. As a result, we had net cash provided by financing activities of $583,500 for the nine months ended June 30, 2014.

Off - Balance Sheet Arrangements

The Company had no material off-balance sheet arrangements as of June 30, 2015 or September 30, 2014.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable for smaller reporting companies.

25

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures:

Based on Our evaluation as of the end of the period covered by this Form 10-Q, Our principal executive officer and Our principal financial officer concluded that Our disclosure controls and procedures as of the end of the period covered by this Form 10-Q were not effective such that the information required to be disclosed by the Company in reports filed under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to Our management, including Our principal executive officer and Our principal financial officer, as appropriate to allow timely decisions regarding disclosure. This material deficiency is due to a lack of adequate internal controls and the lack of a formal audit committee. As at June 30, 2015 the Company has not deducted taxation from Other Consultancy costs that include payments to consultants who have subsequently become officers of the Company.

Management’s Annual Report on Internal Control over Financial Reporting:

The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act).  The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes of accounting principles generally accepted in the United States.

The Company’s management, with the participation of the principal executive officer and the principal financial officer, evaluated the effectiveness of the Company’s internal control over financial reporting as of June 30, 2015.  In making this assessment, the Company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control – Integrated Framework.  Based on this evaluation, Our management, with the participation of the principal executive officer and principal financial officer, concluded that, as of June 30, 2015, Our internal control over financial reporting was not effective, due primarily to lack of adequate internal controls and the lack of a formal audit committee.  The most significant material weaknesses that led management to this conclusion are the lack of segregation of duties, and failure in the operation of controls over stock based compensation and derivative liabilities.

This Form 10-Q does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting.  Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to rules of the Commission that permit the Company to provide only management’s report in this Form 10-Q

Evaluation of Changes in Internal Control over Financial Reporting:

There have been no changes in internal control over financial reporting during the third quarter of the fiscal year covered by this Form 10-Q that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

26

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

Not applicable for smaller reporting companies.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Except as indicated below, during the quarterly period ended June 30, 2015, we have not issued any unregistered securities that have not already been disclosed in a Current Report on Form 8-K.

On April 9, 2015, the Company issued to Union Enterprises, Inc. (“Union”), an aggregate total of 750,870 post-split shares of common stock in consideration of Union’s partial conversion of the Company’s outstanding Eight Percent (8%) Convertible Note dated March 9, 2015 in the original principal amount of $53,879.  The total principal converted during the period was $11,451. These shares were issued in reliance on the exemption from registration provided by Rule 4(a)(1) of the Securities Act of 1933, as amended, and Rule 144 of the Securities and Exchange Commission.

On April 14, 2015, the Company issued to Coventry Enterprises, LLC. (“Coventry”), an aggregate total of 8,000,000 post-split shares of common stock in consideration of Coventry’s partial conversion of the Company’s outstanding Eight Percent (8%) Convertible Note dated February 05, 2015 in the original principal amount of $450,000.  The total principal converted during the period was $100,800. These shares were issued in reliance on the exemption from registration provided by Rule 4(a)(1) of the Securities Act of 1933, as amended, and Rule 144 of the Securities and Exchange Commission.

On April 15, 2015, the Company issued to JMJ Financial (“JMJ”), an aggregate total of 1,529,169 post-split shares of common stock in consideration of JMJ’s partial conversions of the Company’s outstanding $300,000 Promissory Note dated November 13, 2013, as amended.  The total principal converted during the period was $22,937.54. These shares were issued in reliance on the exemption from registration provided by Rule 4(a)(1) of the Securities Act of 1933, as amended, and Rule 144 of the Securities and Exchange Commission.

On April 29, 2015, the Company issued to Coventry Enterprises, LLC. (“Coventry”), an aggregate total of 8,000,000 post-split shares of common stock in consideration of Coventry’s partial conversion of the Company’s outstanding Eight Percent (8%) Convertible Note dated February 05, 2015 in the original principal amount of $450,000.  The total principal converted during the period was $80,000. These shares were issued in reliance on the exemption from registration provided by Rule 4(a)(1) of the Securities Act of 1933, as amended, and Rule 144 of the Securities and Exchange Commission.

Post June 30, 2015

On July 9, 2015, the Company issued 500,000 shares of common stock to Levelogic, Inc. in exchange for consulting services. As at the date of issue the stock so issued had a value of $15,000.

On July 13, 2015, the Company issued 1,000,000 shares of common stock to Emerging Markets Consulting, LLC in exchange for consulting services. As at the date of issue the stock so issued had a value of $30,000.

On July 13, 2015, the Company issued 325,000 shares of common stock to Meyers Associates LP in exchange for consulting services. As at the date of issue the stock so issued had a value of $9,750.

On July 13, 2015, the Company issued 325,000 shares of common stock to Gregory R Traina in exchange for consulting services. As at the date of issue the stock so issued had a value of $9,750.

27

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable

ITEM 5. OTHER INFORMATION

During the quarterly period ended June 30, 2015, there were no material changes to the procedures by which security holders may recommend nominees to the Company’s Board of Directors.

The Company is delinquent in meeting its payroll tax obligations and is working to implement proper payroll systems as soon as possible.

ITEM 6. EXHIBITS

Exhibit 31*	-	Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit 32*	-	Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS**		XBRL Instance Document
101.SCH**		XBRL Taxonomy Extension Schema Document
101.CAL**		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF**		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB**		XBRL Taxonomy Extension Label Linkbase Document
101.PRE**		XBRL Taxonomy Extension Presentation Linkbase Document

* Filed herewith

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

28

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: August 07, 2015

FONU2, Inc.

/s/ Roger Miguel

August 07, 2015

Roger Miguel

Chief Executive Officer

/s/ Graham Bradstreet

August 07, 2015

Graham Bradstreet

Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

/s/ Roger Miguel

August 07, 2015

Roger Miguel

Chief Executive Officer

/s/ Graham Bradstreet

August 07, 2015

Graham Bradstreet

Chief Financial Officer

29

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Roger Miguel, certify that:

1. I have reviewed this quarterly report on Form 10-Q of FONU2 Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures, to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: August 07, 2015

FONU2, Inc.

/s/ Roger Miguel

August 07, 2015

Roger Miguel

Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Graham Bradstreet, certify that:

1. I have reviewed this quarterly report on Form 10-Q of FONU2 Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures, to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: August 07, 2015

FONU2, Inc.

/s/ Graham Bradstreet

August 07, 2015

Graham Bradstreet

Chief Finance Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned officer of FONU2 Inc. (the "Company"), hereby certifies, to such officer's knowledge, that the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 (the "Report") fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 07, 2015

FONU2, Inc.

/s/ Roger Miguel

August 07, 2015

Roger Miguel

Chief Executive Officer

XML

Notes Payable - Long Term (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Notes Payable - Long Term	$ 25,000	$ 25,000
Loan #1 [Member]
Debt Instrument [Line Items]
Note Date	Aug. 26, 2014
Maturity Date	Aug. 27, 2017
Notes Payable - Long Term	$ 25,000	$ 25,000

XML

Discontinued Operation (Details Textual) - USD ($)	2 Months Ended	3 Months Ended			9 Months Ended
	Mar. 01, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Discontinued Operations and Disposal Groups (Textual)
Assets from discontinued operations							$ 35,949
Zaldiva [Member]
Discontinued Operations and Disposal Groups (Textual)
Discontinued operation, Sale	$ 10,100
Assets from discontinued operations			$ 41,395
Increase in trading profits			17,308			$ 58,703
Trading losses			$ 12,136
Total discontinued operations				$ (51,566)	$ (36,567)	$ 35,949
Receivable under discontinued operation		$ 10,000			10,000
Discontinued operation, write off	$ 46,567
Ms. Leigh [Member]
Discontinued Operations and Disposal Groups (Textual)
Debt forgiveness					$ 10,000

XML

Equity Activity (Details Textual) - USD ($)		6 Months Ended	9 Months Ended
	Dec. 07, 2014	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Class of Stock [Line Items]
Common stock issued upon conversion			45,240,647
Loss recognized on the settlement of debt			$ (21,300)
Convertible debts and notes payable		$ 51,560	$ 915,219
Stock issued for services rendered			6,332,216
Stock issued for services rendered, values			$ 109,424
Common stock cosideration of acquition			10,000,000
Common stock cosideration of acquition, values			$ 0
Acquisition of the economic interest			Part consideration of the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights.
Preferred Stock				On December 7, 2014 the Company authorized the creation of Series B preferred stock. The Series B preferred stock has liquidation preference, and each share of Series B preferred stock carries voting rights equivalent to that of five hundred shares of common stock. In addition, the Series B preferred stock is convertible into shares of common stock at the option of the shareholder at a rate of ten common shares for every share of Series B preferred stock.
Film asset market capitalization percentage			65.00%
Preferred shares voting rights	Preferred shares carried super voting rights of 500 per share i.e. 3,125,000 votes.		Series B preferred stock had 65% voting control of the Company.
Common stock pre - split, shares			659,608,217
Market capitalization			$ 259,062
Reverse Stock-Split				On December 22, 2014 the Company authorized a reverse-split of its outstanding common stock on a one-share-for-400-shares basis. All references to common stock in these financial statements have been retroactively restated so as to account for the effects of this reverse-split.
Number of common stock shares issued for settlement of liability				2,800,000
Number of common stock shares issued for settlement of liability, value				$ 100,000
Warrants issued to purchase common stock			500,000
Warrants exercise price			$ 0.015
Warrants fair value			$ 0.01
Debt discount			$ 5,999
Warrants outstanding intrinsic value			$ 2,500
Common stock trading per share			$ 0.0006
Term of warrant			3 years
Subordinated note issued to acquire assets			$ 275,000
Director [Member]
Class of Stock [Line Items]
Stock issued for services rendered			8,333,333
Stock issued for services rendered, values			$ 500,000
Common stock cancelled			1,816
Common stock for part consideration			166,666,667
Common stock for part consideration value			$ 0
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued			6,250		0
Market capitalization			$ 395,765
Preferred stock per share	$ 400.0		$ 0.001		$ 0.001
Studioplex City Rentals Llc [Member]
Class of Stock [Line Items]
Preferred shares voting rights			Represent 1.3% of voting rights in the Company.
Purchase price per share			$ 400
Moon River Studios, Inc [Member]
Class of Stock [Line Items]
Stock issued for services rendered, values			$ 10,000

XML

Make Whole Provision Liability (Details) - Jun. 30, 2015 - USD ($)

Total

Subsidiary, Sale of Stock [Line Items]

Make Whole Provision Liability

$ 333,333

Nutmeg Productions, Inc [Member]

Subsidiary, Sale of Stock [Line Items]

Number of shares of stock issued, value

$ 425,000

Sale of stock, transaction date

Feb. 18, 2015

Shares of stock transaction

Should the net proceeds of the stock as at Sale Date be less than US$425,000 (“Shortfall”) the Company shall be liable to pay to Nutmeg any Shortfall by either: a) Paying Nutmeg the difference, or b) Issuing further stock (“Further Stock”) to Nutmeg.

Guarantee period of agreement

6 months

Michal Mann [Member]

Subsidiary, Sale of Stock [Line Items]

Number of shares of stock issued, value

$ 75,000

Sale of stock, transaction date

Feb. 18, 2015

Shares of stock transaction

Should the net proceeds of the stock as at Sale Date be less than US$75,000 (“Shortfall”) the Company shall be liable to pay to Mann any Shortfall by either: a) Paying Mann the difference, or b) Issuing further stock (“Further Stock”) to Mann.

Guarantee period of agreement

6 months

XML

Equity Activity (Details 1) - 9 months ended Jun. 30, 2015 - $ / shares	Total
Weighted Average Price
Weighted Average Price Warrants exercisable at June 30, 2015	$ 0.01
Warrant [Member]
Number of Options
Number of Options Warrants exercisable at September 30, 2014
Number of Options Granted	500,000
Number of Options Exercised
Number of Options Expired
Number of Options Warrants exercisable at June 30, 2015	500,000
Weighted Average Price
Weighted Average Price Warrants exercisable at September 30, 2014	$ 0.0
Weighted Average Price Granted	$ 0.015
Weighted Average Price Exercised
Weighted Average Price Expired
Weighted Average Price Warrants exercisable at June 30, 2015	$ 0.015
Weighted Average Remaining Contractual Life
Weighted Average Remaining Contractual Life Granted	3 years
Weighted Average Remaining Contractual Life Warrants exercisable	2 years 11 months 1 day

XML

Subsequent Events (Tables)

9 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Schedule of warehousing space subject to lease

Purchase Price	$	1,000,000
Closing Costs		34,824
Total	$	1,034,824
Financed By:
Studioplex City Rentals, LLC	$	84,824
Loeb Term Solutions, LLC		350,000
Applebox Short Term Subordinated Debt		100,000
Applebox Long Term Subordinated Debt		500,000
Total	$	1,034,824

XML

Eagle Productions (Details)	1 Months Ended	9 Months Ended
	Feb. 27, 2015 Shareholders shares	Jun. 30, 2015 shares
Eagle Productions (Textual)
Additional shares issued in relation to acquisition		10,000,000
Eagle Productions, LLC [Member]
Eagle Productions (Textual)
Restricted common stock	166,666,667
Number of shareholders | Shareholders	3,000
Mr. Shapiro [Member] | Eagle Productions, LLC [Member]
Eagle Productions (Textual)
Ownership percentage	99.00%

XML

Subsequent Events

9 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 20 – SUBSEQUENT EVENTS

On July 2, 2015, Studioplex City Rentals, LLC, a Nevada limited liability company (“SCR”) and a wholly-owned subsidiary of FONU2 Inc. (“FONU2”) completed the purchase of all assets of AppleBox Productions, Inc., a film rental production company based in Jacksonville, Florida (“AppleBox”). The Company paid total consideration of $1,000,000 consisting of (1) $400,000 in cash, and (2) $600,000 in a subordinated note (the “Seller Note”).

The Seller Note bears interest at eight percent (8%) per annum and is payable in a lump sum or $94,000 on or before the sixtieth day following the closing date, and thereafter in monthly payments of not less than $25,000, with a final payment of all unpaid principal and accrued interest on the first anniversary of the closing date. The Seller Note is secured by the collateral assignment of all purchased assets pursuant to a Security Agreement between SCR and the Seller. The repayment of the Seller Note is subordinated to the payment of the indebtedness of FONU2 to Loeb Term Solutions LLC (“Loeb”) described below. FONU2 and Mr. Jake Shapiro, Chairman of FONU2, have both unconditionally guaranteed the repayment of the Seller Note.

In order to finance a portion of the cash portion of the purchase price and to pay closing costs, FONU2 borrowed $350,000 from Loeb pursuant to a Term Promissory Note (the “Loeb Note”) which is secured by the collateral assignment of all purchased assets pursuant to a Security Agreement between the SCR and Loeb. The Loeb Note bears interest at the prime rate plus ten percent (10%) per annual and is paid in 206 consecutive weekly payments of $2,164.39, with a final payment of all outstanding principal and accrued but unpaid interest due on June 19, 2019. The repayment of the Loeb Note is senior to the payment of the indebtedness of the SCR to AppleBox described above. FONU2 and Mr. Jake Shapiro, Chairman of FONU2, have both unconditionally guaranteed the repayment of the Loeb Note. 

In addition, SCR entered into a lease agreement with Applebox to lease warehousing space until arrangements are made to move the equipment to Georgia. The lease is for a period of two months rent free, with the option to renew monthly at a cost of $3,500 per month..

Purchase Price	$	1,000,000
Closing Costs		34,824
Total	$	1,034,824
Financed By:
Studioplex City Rentals, LLC	$	84,824
Loeb Term Solutions, LLC		350,000
Applebox Short Term Subordinated Debt		100,000
Applebox Long Term Subordinated Debt		500,000
Total	$	1,034,824

On July 7, 2015 the Company entered into a convertible note with Vis Vires Group, Inc., an unrelated third party whereby the Company borrowed $38,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 10, 2016.  The note is convertible after 180 days at a 40 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default.

On July 9, 2015 the Company issued 500,000 shares of common stock to Levelogic, Inc. in exchange for consulting services. As at the date of issue the stock so issued had a value of $15,000.

On July 13, 2015 the Company issued 1,000,000 shares of common stock to Emerging Markets Consulting, LLC in exchange for consulting services. As at the date of issue the stock so issued had a value of $30,000.

On July 13, 2015, the Company issued 325,000 shares of common stock to Meyers Associates LP in exchange for consulting services. As at the date of issue the stock so issued had a value of $9,750.

On July 13, 2015 the Company issued 325,000 shares of common stock to Gregory R Traina in exchange for consulting services. As at the date of issue the stock so issued had a value of $9,750.

As of August 7, 2015 there have been no further issuances of shares of common stock.

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Film Assets (Details) - USD ($)			9 Months Ended
	Feb. 12, 2015	Dec. 07, 2014	Jun. 30, 2015	Sep. 30, 2014
Film Assets (Textual)
Distribution fee	10.00%
Percentage of return on funds expended	20.00%
Total film costs			$ 787,575
Payment for film			8,000
Further payment			8,000
Accounts payable			23,689
Consultancy services expenses			3,500
Market valuation			$ 259,062
Film asset market capitalization percentage			65.00%
Preferred shares voting rights		Preferred shares carried super voting rights of 500 per share i.e. 3,125,000 votes.	Series B preferred stock had 65% voting control of the Company.
Studioplex City, LLC [Member]
Film Assets (Textual)
Preferred shares voting rights			Shares represent 1.3% of voting rights in the Company.
Purchase price per share			$ 400.00
Series B Preferred Stock [Member]
Film Assets (Textual)
Preferred stock, shares issued			6,250	0
Market valuation			$ 395,765

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Fair Value Measurements (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ 2,190,156	$ 247,880
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ 2,190,156	$ 247,880

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Notes Payable (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Short-term Debt [Line Items]
Face Value Or O/S Amount	$ 1,848,608	$ 404,990
Notes Payable Current, Total	$ 354,711	19,000
Loan #1 [Member]
Short-term Debt [Line Items]
Note Date	May 01, 2012
Maturity Date, Description	Demand
Face Value Or O/S Amount
Notes Payable Current, Total		$ 19,000
Loan #2 [Member]
Short-term Debt [Line Items]
Note Date	Dec. 22, 2014
Maturity Date	Dec. 22, 2015
Face Value Or O/S Amount
Notes Payable Current, Total
Loan #3 [Member]
Short-term Debt [Line Items]
Note Date	Feb. 10, 2015
Maturity Date	Sep. 05, 2015
Face Value Or O/S Amount
Notes Payable Current, Total
Loan #4 [Member]
Short-term Debt [Line Items]
Note Date	Jan. 19, 2015
Maturity Date	Sep. 23, 2015
Face Value Or O/S Amount	$ 30,000
Notes Payable Current, Total	$ 30,000
Loan #5 [Member]
Short-term Debt [Line Items]
Note Date	Apr. 29, 2015
Maturity Date	Apr. 29, 2016
Face Value Or O/S Amount	$ 78,000
Notes Payable Current, Total	$ 78,000
Loan #6 [Member]
Short-term Debt [Line Items]
Note Date	Jun. 04, 2015
Maturity Date	May 29, 2016
Face Value Or O/S Amount	$ 275,000
Notes Payable Current, Total	$ 275,000

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Discontinued Operation (Details) - Zaldiva [Member] - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Assets from Discontinued Operations
Bank Account		$ 10,500
Deposits		2,285
Fixed Assets		14,157
Inventory		9,007
Total Assets		$ 35,949
Liabilities from Discontinued Operations
Total Liabilities

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Subsequent Events (Details)	Jun. 30, 2015 USD ($)
Schedule of purchase price allocation
Purchase Price	$ 1,000,000
Closing Costs	34,824
Total	1,034,824
Studioplex, City Rentals, LLC [Member]
Schedule of purchase price allocation
Purchase Price	84,824
Loeb Term Solutions, LLC [Member]
Schedule of purchase price allocation
Purchase Price	350,000
Applebox Short Term Subordinated Debt [Member]
Schedule of purchase price allocation
Purchase Price	100,000
Applebox Long Term Subordinated Debt One [Member]
Schedule of purchase price allocation
Purchase Price	$ 500,000

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Equity Activity (Details 2) - Jun. 30, 2015 - $ / shares	Total
Equity Activity [Abstract]
Stock price on grant date	$ 0.012
Exercise price	$ 0.015
Expected time to exercise	3 years
Risk free interest rate	0.98%
Volatility	448.00%
Expected forfeiture rate	0.00%

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Notes Payable

9 Months Ended

Jun. 30, 2015

Convertible Notes Payable\ Notes Payable [Abstract]

NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

As of June 30, 2015 and September 30, 2014, the Company had total of $383,000 and $19,000 in outstanding Notes Payable respectively. The unamortized debt discount as of June 30, 2015 and September 30, 2014 are $28,289 and $0, respectively.

Note Payable	Note	Maturity	$  Face Value or O/S		June 30,		September 30,
Current	Date	Date	Amount		2015		2014
					$		$
Loan #1	5/1/2012	Demand		-		-		19,000
Loan #2	12/22/2014	12/22/2015		-		-		-
Loan #3	2/10/2015	9/5/2015		-		-		-
Loan #4	1/19/2015	9/23/2015		30,000		30,000		-
Loan #5	4/29/2015	4/29/2016		78,000		78,000		-
Loan #6	6/4/2015	5/29/2016		275,000		275,000		-
TOTAL				383,000		383,000		19,000

Loan #1 Jeffrey Olweean

On May 1, 2012 the Company entered into a loan agreement with an unrelated third party. The note principal bears interest at a rate of 10 percent per annum and due on demand. At September 30, 2014 the entire $19,000 principal balance remained outstanding, along with $3,800 in accrued interest. As of December 31, 2014 accrued interest on the note totaled $4,758. On February 5, 2015 this note was settled for $25,000 with another note. See Loan #9 in Note 3. As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #2 Dr. Yusuf Hameed 

On December 22, 2014 the Company entered into a Convertible Redeemable Note Agreement with an unrelated third party. Pursuant to the terms of the note, the Company borrowed $50,000 from the lender, which accrues interest at a rate of eight percent per annum, and is due on December 22, 2015. The note is convertible at the option of the lender at any time after 6 months from the date of the agreement. The note shall immediately convert upon the earlier of (a) a reverse split being effective or (b) an increase in authorized shares, at the lower of 70 percent of the thirty-day volume weighted average trading price of the Company’s common stock, or $0.0003 per share (on a pre-reverse split basis). During the period ended March 31, 2015 the lender converted $50,000 of the note principal into 1,550,000 shares of the Company’s common stock. The Company and lender negotiated an early settlement on February 14, 2015 of the conversion terms. The Company fair valued the shares issued using the market price on date of settlement that was $0.046 or $71,300 and recorded a loss on settlement of debt of $21,300.  As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #3 Dr. Yusuf Hameed

On February 10, 2015 the Company assumed a Convertible Redeemable Note with an unrelated third party. The debt was owed by Medient Studios, Inc. and was assumed in respect of the capital lease purchase from the IDA on February 10, 2015. Pursuant to the terms of the note, the Company borrowed $90,000 from the lender, which accrues interest at a rate of eight percent per annum, and is due on September 5, 2015. The note is convertible 30 days from the date of the note at price of the lower of (a) 30 day VWAP for 30 days subsequent to reverse stock split or $0.000175. During the period ended March 31, 2015 the lender converted $90,000 of the note principal into 2,250,000 shares of the Company’s common stock. The Company and lender negotiated an early settlement on February 14, 2015 of conversion terms. The Company evaluated the note for debt extinguishment and concluded that this note does not qualify as it is considered to be a derivative under ASC 815-15. As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #4 Ultimate Impressions, LLC dba ULT Consulting

On January 19, 2015, the Company entered into a promissory note with an unrelated third party whereby the Company issued a Note to a supplier in settlement of outstanding invoices in a reduced amount of borrowed $30,000. The principal accrues interest at a rate of 0 percent per annum and is due in full on September 23, 2015. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $30,000.

Loan #5 Robinson Belaustegui Sharp & Low

On February 17, 2015 the Company entered into a $40,517 promissory note with an unrelated third party, which was assumed from Medient Studios, Inc.  The promissory note bears no interest per annum, due 36 months after date of issuance.

On April 29, 2015 the Company entered into a $78,000 promissory note (assumed from Medient Studios), with an unrelated third party that replaced the $40,517 promissory note, with additional borrowing of $37,483. The promissory note bears no interest per annum and is due no later than April 29, 2016. As of June 30, 2015, the amount of principal outstanding was $78,000.

The Company analyzed the modification of the term for the $40,517 note under ASC 470-60 “Trouble Debt Restructurings” and ASC 470-50 “Extinguishment of Debt”. The Company determined the modification is substantial and the transaction should be accounted for as an extinguishment with the old debt written off and the new debt initially recorded at fair value with a new effective interest rate. The Company also determined that the fair value of the new debt is the same as the fair value of the old debt. Thus no gain or loss was recognized upon the extinguishment.

Loan #6 SBI Investments, LLC

On June 4, 2015, the Company issued and SBI Investments LLC, 2014-1 (“SBI”) purchased an Original Issue Discount 5% Secured Promissory Note (the “Note”). Additionally, the Company issued Common Stock Purchase Warrants to SBI for 500,000 shares of common stock exercisable at $0.015 per share for a three (3) year period. The Company analyzed the attached warrants for derivative accounting consideration under ASC 815-15 “derivatives and Hedging” and determined that the derivative instrument should be classified as a liability, since the warrants became tainted by the convertible notes. The debt discount originated from the warrants derivative is determined to be $5,999.

The Note has a face amount of $275,000 and was purchased for $250,000, bears interest at five (5%) percent per annum, and is paid over four quarters beginning August 29, 2015, with a final payment of all remaining principal, accrued interest and any fees then due on May 29, 2016. Any overdue principal bears interest at twenty-two (22%) per annum. The payment of the Note is secured by the pledge by Mr. Jake Shapiro, Chairman of the Company, of 1,875 shares of the Company’s Series B Convertible Preferred Stock owned by Mr. Shapiro. The Note is not convertible.

Upon the occurrence of certain Events of Default in the Note, including but not limited to:  (i) the failure to make a principal or interest payment; (ii) the Company’s breach of any material covenant, representation or warranty with respect to the Note or other agreement with SBI; (iii) the appointment of a receiver or trustee for the Company, or the commencement of a bankruptcy, liquidation or insolvency proceeding; (iv) the default by the Company under other debt instruments; or (v) the change of control of the Company, the Note becomes immediately due and payable and the Company shall pay to SBI 125% of the sum of the then outstanding principal on the Note, together with default interest.

SBI has represented to the Company that it is an “accredited investor” as defined in Rule 501(a) of Regulation D of the Securities and Exchange Commission.

During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $275,000. 

During the period ended June 30, 2015, the Company recorded $30,999 new debt discount, and amortized a total of $2,710 to interest expense, leaving total unamortized debt discounts of $28,289 as of June 30, 2015.

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Subsequent Events (Details Textual) - USD ($)					9 Months Ended
	Jul. 13, 2015	Jul. 09, 2015	Jul. 07, 2015	Jul. 02, 2015	Jun. 30, 2015	Sep. 30, 2014
Subsequent Events (Textual)
Subordinated note issued to acquire assets					$ 275,000
Common stock issued for consulting services, shares					6,332,216
Common stock issued for consulting services					$ 109,424
Payable in lump sum					$ 1,848,608	$ 404,990
Subsequent Event [Member] | Loeb Term Solutions, LLC [Member]
Subsequent Events (Textual)
Note bears interest				10.00%
Borrowed				$ 350,000
Maturity Date				Jun. 19, 2019
Payment of all outstanding principal and accrued				$ 2,164.39
Subsequent Event [Member] | Studioplex, City Rentals, LLC [Member]
Subsequent Events (Textual)
Total consideration				1,000,000
Cash paid to acquire assets				400,000
Subordinated note issued to acquire assets				$ 600,000
Note bears interest				8.00%
Monthly payments				$ 25,000
Payable in lump sum				94,000
Subsequent Event [Member] | Levelogic, Inc [Member]
Subsequent Events (Textual)
Common stock issued for consulting services, shares		500,000
Common stock issued for consulting services		$ 15,000
Subsequent Event [Member] | Emerging Markets Consulting, LLC [Member]
Subsequent Events (Textual)
Common stock issued for consulting services, shares	1,000,000
Common stock issued for consulting services	$ 30,000
Subsequent Event [Member] | Meyers Associates LP [Member]
Subsequent Events (Textual)
Common stock issued for consulting services, shares	325,000
Common stock issued for consulting services	$ 9,750
Subsequent Event [Member] | Gregory R Traina [Member]
Subsequent Events (Textual)
Common stock issued for consulting services, shares	325,000
Common stock issued for consulting services	$ 9,750
Subsequent Event [Member] | Vis Vires Group, Inc [Member]
Subsequent Events (Textual)
Borrowed			$ 38,000
Convertible note conversion, description			The principal accrues interest at a rate of eight percent per annum and is due in full on April 10, 2016. The note is convertible after 180 days at a 40 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice. The note will accrue interest at a rate of 22 percent per annum should the Company default.
Maturity Date			Apr. 10, 2016
Subsequent Event [Member] | Applebox Short Term Subordinated Debt [Member]
Subsequent Events (Textual)
Monthly cost				$ 35,000
Lease period renew term				2 months

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Derivative Instruments (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments [Abstract]
Ending balance as of September 30, 2014	$ 247,880
Debt discount	1,405,557
Reclassification of convertible note to derivative	27,085
Reclassification of derivative liabilities to additional paid-in capital due to conversion of debt	(2,051,908)
Loss on change in fair value	(2,561,542)	$ 321,206
Ending balance as of June 30, 2015	$ 2,190,156

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Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2015

Fair Value Measurements [Abstract]

Schedule of fair value financial assets and liabilities

September 30, 2014

Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
LIABILITIES:
Derivative liability		--		--		247,880		247,880

June 30, 2015

Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
LIABILITIES:
Derivative liability		--		--		2,190,156		2.190,156

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Notes Payable - Long Term (Tables)

9 Months Ended

Jun. 30, 2015

Convertible Notes Payable\ Notes Payable [Abstract]

Summary of note payable long term

Note Payable		Maturity	June 30,		September 30,
Current	Note Date	Date	2015		2014
			$		$
Loan #1	8/26/2014	8/27/2017		25,000		25,000
TOTAL				25,000		25,000

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Contingent Liabilities (Details) - Jun. 30, 2015 - USD ($)	Total
Contingent Liabilities (Textual)
Loan outstanding	$ 338,633
Accrues interest rate	12.00%
Costs related to movies	$ 450,000
Cost relating to lease of the property	$ 90,000

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Derivative Instruments (Details Textual) - 9 months ended Jun. 30, 2015 - USD ($)	Total
Derivative Instruments (Textual)
Debt discount amortized to interest expense	$ 928,027
Dividend yield	0.00%
Warrants issued to purchase common stock	500,000
Debt discount	$ 1,405,557
Maximum [Member]
Derivative Instruments (Textual)
Volatility rate	1271.00%
Expected term	3 years 15 days
Risk free interest rate	1.07%
Minimum [Member]
Derivative Instruments (Textual)
Volatility rate	174.00%
Expected term	29 days
Risk free interest rate	0.02%

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Derivative Instruments (Tables)

9 Months Ended

Jun. 30, 2015

Derivative Instruments [Abstract]

Summary of changes in the derivative liabilities

Ending balance as of September 30, 2014	$	247,880
Debt discount		1,405,557
Reclassification of convertible note to derivative		27,085
Reclassification of derivative liabilities to additional paid-in capital due to conversion of debt		(2,051,908	)
Loss on change in fair value		2,561,542
Ending balance as of June 30, 2015	$	2,190,156

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Equity Activity (Tables)

9 Months Ended

Jun. 30, 2015

Equity Activity [Abstract]

Schedule of unregistered and restricted shares issued

Name	No. of Shares			Issuance Date	Consideration
Jake Shapiro		6,250	(Preferred)	12/8/14	(1)
Jeff Olweean		73,500		2/12/15	(2)
Roger Miguel		300,000		2/12/15	(3)
Moon River Studios, Inc.		10,000,000		2/12/15	(4)
Nutmeg Productions, Inc.		7,083,333		2/18/15	(5)
Michael Mann		1,250,000		2-18-15	(6)
Eagle Productions, LLC		166,666,667		2-27-15	(7)
Alex Warner		1,250,000		4/9/15	(8)
NFC Corp.		1,000,000		5/11/15	(9)
Steven Bahlmann		458,716		6/1/15	(10)
Benchmark Advisors		2,000,000		6/15/15	(11)
FMW Media		2,500,000		6/16/15	(12)

(1) These shares were issued as consideration for the Studioplex City LLC acquisition.

(2) These shares were issued in consideration of services related to the Company’s acquisition of Studioplex City, LLC.

(3) These shares were issued as consideration for management services.

(4) These shares were issued as part consideration for the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights

(5) These shares were issued in part consideration for the directing services of Penny Marshall re the motion picture Effa and a second motion picture yet to be determined.

(6) These shares were issued in part consideration for management fees re Penny Marshall directing the motion picture Effa.

(7) These share were issued in consideration of part financing the motion picture Effa.

(8) These shares were issued in exchange for acquiring entertainment and potential consulting services.

(9) These shares were issued for consulting services performed.

(10) These shares were issued in settlement of a $10,000 debt for previously rendered services for Moon River Studios, Inc.

(11) These shares were issued in exchange for consulting services.

(12) These shares were issued in exchange for consulting services.

Schedule of warrants outstanding and associated activity

	Number of  Options		Weighted  Average Price		Weighted Average  Remaining  Contractual Life
Warrants exercisable at September 30, 2014:		-	$	0.0		-
Granted		500,000		0.015		3.00
Exercised		-		-		-
Expired		-		-		-
Warrants exercisable at June 30, 2015		500,000		0.015		2.92

Schedule of Black-Scholes option fair value pricing model

Stock price on grant date	$	0.012
Exercise price	$	0.015
Expected time to exercise		3 years
Risk free interest rate		0.98	%
Volatility		448	%
Expected forfeiture rate		0.00	%

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Convertible Notes Payable

9 Months Ended

Jun. 30, 2015

Convertible Notes Payable\ Notes Payable [Abstract]

CONVERTIBLE NOTES PAYABLE

NOTE 3 – CONVERTIBLE NOTES PAYABLE

As of June 30, 2015 and September 30, 2014, the Company had total of $1,018,578 and $328,050 in outstanding Convertible Notes Payable respectively. As of June 30, 2015 and September 30, 2014, the Company had a total of $606,971 and $132,730 of Unamortized Debt Discount.

			June 30, 2015										September 31, 2014
			$		$			$			$		$		$			$
Note Payable Current	Note Date	Maturity  Date	Face Value or O/S Amount		Principal Converted			Forgiveness of Debt			Net		Face  Value or O/S Amount		Principal Converted			Ending Face Value Balance
Loan #1	11/6/2103	8/8/2014		51,560		(51,560	)		-			-		128,500		(76,940	)		51,560
Loan #2	11/13/2013	11/12/2015		94,990		(94,990	)		-			-		94,990		-			94,990
Loan #3	1/24/2014	10/28/2014		78,500		(67,066	)		(11,434	)		-		78,500		-			78,500
Loan #4	4/11/2014	4/11/2015		103,000		(103,000	)		-			-		103,000		-			103,000
Loan #5	12/19/2014	12/19/2015		26,000		-			-			26,000		-		-			-
Loan #6	12/31/2014	12/31/2015		20,000		(20,000	)		-			-		-		-			-
Loan #7	2/5/2015	2/5/2016		100,000		-			-			100,000		-		-			-
Loan #8	2/5/2015	2/5/2016		450,000		(402,100	)		-			47,900		-		-			-
Loan #9	2/6/2015	2/6/2016		25,000		(25,000	)		-			-		-		-			-
Loan #10	2/17/2015	2/17/2016		35,000		-			-			35,000		-		-			-
Loan #11	3/9/2015	3/9/2016		53,880		(53,880	)		-			-		-		-			-
Loan #12	3/9/2015	3/9/2016		50,000		-			-			50,000		-		-			-
Loan #13	2/19/2015	11/23/2015		43,000		-			-			43,000		-		-			-
Loan #14	3/10/2015	3/10/2016		75,000		-			-			75,000		-		-			-
Loan #15	3/12/2015	3/12/2016		75,000		-			-			75,000		-		-			-
Loan #16	3/24/2015	3/24/2016		116,678		(1,000	)		-			115,678		-		-			-
Loan #17	3/24/2015	3/24/2016		50,000		-			-			50,000		-		-			-
Loan #18	3/27/2015	12/27/2015		53,000		-			-			53,000		-		-			-
Loan #19	4/9/2015	1/14/2016		38,000		-			-			38,000		-		-			-
Loan #20	4/13/2015	4/13/2016		75,000					-			75,000		-		-			-
Loan #21	4/27/2015	4/27/2016		50,000		-			-			50,000		-		-			-
Loan #22	5/7/2015	5/7/2016		55,000		-			-			55,000		-		-			-
Loan #23	5/11/2015	11/11/2015		50,000		-			-			50,000		-		-			-
Loan #24	5/20/2015	5/20/2016		50,000		-			-			50,000		-		-			-
Loan #25	6/24/2015	12/24/2015		30,000		-			-			30,000		-		-			-
TOTAL				1,848,608		(818,596	)		(11,434	)		1,018,578		404,990		(76,940	)		328,050

Loan #1 Asher Enterprises, Inc.

On November 6, 2013 the Company entered into a Securities Purchase Agreement with an unrelated third-party entity in connection with a convertible note whereby the Company borrowed $128,500.  The note principal bears interest at a rate of eight percent per annum and will accrue interest at a rate of 22 percent per annum should the Company default.  The note principal and any unpaid accrued interest is due in full on or before August 8, 2014.  The note is convertible at the option of the holder at any point at least 180 days from the note date at a 42 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion. During the year September 30, 2014, the holder converted $76,940 of the principal into common stock. The ending balance at September 30, 2014 was $51,560. During the six months ended March 31, 2015, the lender converted $51,560 in note principal into common stock. As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #2 JMJ Financial

On November 13, 2013 the Company entered into a promissory note with an unrelated third party whereby the Company agreed to borrow a maximum of $300,000.  Each borrowing under the terms of the note, along with specific accrued interest is due two years from the date the specific funds are received by the Company. All borrowings under the terms of this note are subject to a 10% original issue discount such that the consideration due back to the lender is equal to cash proceeds actually received plus ten percent of the amount borrowed. Through September 30, 2014, the Company had borrowed $137,500, with initial debt discount of $12,500 pursuant to this promissory note. The note is exempt from interest for the 90 days after the note date; after 90 days the unpaid principal balance shall accrue interest at a rate of 12 percent per annum.  The note became convertible into shares of the Company’s common stock on May 12, 2014 at 60 percent of the lowest trade price in the 25 trading days previous to the conversion. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the year ended September 30, 2014 the lender converted $42,510 of the note principal into 24,250 shares of the Company’s common stock.  As of September 30, 2014 the remaining principal balance on this note was $94,990. During the three months ended December 31, 2014 the lender converted $45,042 of note principal into 464,250 shares of the Company’s common stock. As of December 31, 2014 the remaining principal balance of the note was $49,948, with $10,661 in accrued interest. During the three months ended March 31, 2015, the lender converted $49,948 in note principal into 3,428,000 of the Company’s common stock.

Subsequent to the filing of the Company’s Form 10-Q for the period ended March 31, 2015, Management noted that some $33,937.54 had not been converted and thus the Company reclassified the amount back from equity to liability. During the three months ended June 30, 2015 the lender converted $33,937.54 in note principal into 1,529,169 of the Company’s common stock. As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #3 Asher Enterprises, Inc.

On January 24, 2014 the Company entered into a Securities Purchase Agreement with an unrelated third-party entity in connection with a convertible note whereby the Company borrowed $78,500.  The note principal bears interest at a rate of eight percent per annum and will accrue interest at a rate of 22 percent per annum should the Company default.  The note principal and any unpaid accrued interest is due in full on or before October 28, 2014.  The note is convertible at the option of the holder at any point at least 180 days from the note date at a 42 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.  As of September 30, 2014 the full principal balance $78,500, along with accrued interest of $4,284, remained outstanding. During the three months ended December 31, 2014, the lender converted $62,235 in note principal into 854,563 shares of common stock. As of December 31, 2014, the remaining principal balance of the note was $16,265, with $5,240 in accrued interest. During the three months ended March 31, 2015, the lender converted $4,831 in note principal into common stock. The remaining balance of $11,434 was written off by the lender, along with interest of $2,090. The Company accounted for this as gain on forgiveness of debt. As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #4 Hanover Holdings, LLC

On April 11, 2014 the Company entered into a convertible promissory note with an unrelated third party, wherein the Company borrowed $103,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 11, 2015.  The note is convertible at the option of the holder at any point after the note date at a 40 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability when the conversion option became effective after the note date due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  As of September 30, 2014 the principal balance on this note remained at $103,000. During the three months ended December 31, 2014, the lender converted $83,000 in note principal into 816,778 shares of common stock. As of December 31, 2014 the remaining principal balance on the note was $20,000, with $1,336 in accrued interest. During the three months ended March 31, 2015, the lender converted $20,000 in note principal into 1,092,242 of the Company’s common stock. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015, the remaining principal balance of the note was $0.

Loan #5 Union Capital, LLC

On December 19, 2014 the Company entered into a convertible note with an unrelated third party. Pursuant to the terms of the note, the Company borrowed $26,000 from the lender. The principal accrues interest at a rate of eight percent per annum and is due in full on December 19, 2015.  The Company did not assume the debt until February 5, 2015 and as such the note was not convertible until this date.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 10 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The note was drawn in the three months ended March 31, 2015. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $26,000.

Loan #6 Dr. Yusuf Hameed

On December 31, 2014 the Company entered into a Convertible Redeemable Note Agreement with an unrelated third party. Pursuant to the terms of the note, the Company borrowed $20,000 from the lender, which accrues interest at a rate of eight percent per annum, and is due on December 31, 2015. The note is convertible 6 months from the date of the agreement at a conversion price of $0.0001 - The note shall immediately convert upon the earlier of (a) a reverse split being effective or (b) an increase in authorized shares. Prior to six months from the date of the agreement, the Company had a reverse split which caused the note to become convertible. On the February 8, 2015, the Company recognized $27,085 as derivative liability and reclassified the convertible note to derivative as this note is tainted due to the other derivative convertible instruments. During the period ended March 31, 2015 the lender converted $20,000 of the note principal into the Company’s 500,000 shares of common stock. The Company and lender negotiated an early settlement on February 14, 2015 on the conversion terms. The Company evaluated the note for debt extinguishment and concluded that this note does not qualify as it is considered to be a derivative under ASC 815-15. As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #7 Coventry Enterprises, LLC

On February 5, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $100,000. The principal accrues interest at a rate of eight percent per annum and is due in full on February 5, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $100,000.

Loan #8 Coventry Enterprises, LLC

On February 5, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company assumed $450,000 of debt of Medient Studios, Inc. in respect of the distribution agreement for the movie Yellow entered on February 12, 2015. The principal accrues interest at a rate of eight percent per annum and is due in full on February 5, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended March 31, 2015 the lender converted $221,300 of the note principal into 12,900,000 of the Company’s common stock. During the period ended June 30, 2015 the lender converted $180,800 of the note principal into 16,000,000 of the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $47,900.

Loan #9 Union Capital, LLC

On February 6, 2015 the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $25,000 that was used to settle the Olweean demand note (see below). The principal accrues interest at a rate of eight percent per annum and is due in full on February 6, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 10 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $25,000 of the note principal into 1,618,559 shares of the Company’s common stock.   As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #10 Magna Securities, LLC

On February 17, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $35,000. The principal accrues interest at a rate of eight percent per annum and is due in full on February 17, 2016.  The note is immediately convertible at a 40 percent discount to the lowest trading price in the five trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $35,000.

Loan #11 Union Capital, LLC

On March 9, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company assumed $53,880 of debt of Medient Studios, Inc. in respect of the distribution agreement for the movie Yellow entered on February 12, 2015. The principal accrues interest at a rate of eight percent per annum and is due in full on March 9, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the 5 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $53,880 of the note principal into 3,283,903 of the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $0.

Loan #12 Union Capital, LLC

On March 9, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 9, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the 5 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $50,000.

Loan #13 Vis Vires Group, Inc.

On February 19, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $43,000. The principal accrues interest at a rate of eight percent per annum and is due in full on November 23, 2015.  The note is convertible after 180 days at a 50 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $43,000.

Loan #14 Coventry Enterprises, LLC

On March 10, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $75,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 10, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $75,000.

Loan #15 LG Capital Funding, LLC

On March 12, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $75,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 12, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the 15 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $75,000.

Loan #16 Union Capital, LLC

On March 24, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company assumed $116,678 of debt of Medient Studios, Inc. in respect of the distribution agreement for the movie Yellow entered on February 12, 2015. The principal accrues interest at a rate of eight percent per annum and is due in full on March 24, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the five trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $1,000 of the note principal into 65,775 of the Company’s common stock. As of June 30, 2015 the remaining principal balance on this note was $115,678.

Loan #17 Union Capital, LLC

On March 24, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on March 24, 2016.  The note is immediately convertible at a 39 percent discount to the lowest trading price in the five trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock. As of June 30, 2015 the remaining principal balance on this note was $50,000.

Loan #18 Carebourn Capital, LP

On March 27, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $53,000, with original issuance discount of $3,000 recorded as expense. The principal accrues interest at a rate of 12 percent per annum and is due in full on December 27, 2015.  The note is convertible after 90 days at a 40 percent discount to the average of the lowest three days trading price in the 10 trading days prior to conversion date.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $53,000.

Loan #19 Vis Vires Group, Inc.

On April 9, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $38,000. The principal accrues interest at a rate of eight percent per annum and is due in full on January 14, 2016.  The note is convertible after 180 days at a 40 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.  The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $38,000.

Loan #20 Coventry Enterprises, LLC

On April 13, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $75,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 13, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $59,016, net of debt discount of $15,984.

Loan #21 Coventry Enterprises, LLC

On April 27, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on April 27, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $41,257, net of debt discount of $8,743.

Loan #22 JDF Capital, LLC

On May 7, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $55,000. The principal accrues interest at a rate of eight percent per annum and is due in full on May 7, 2016.  The note is convertible at any time after the required 144 holding period at a 40 percent discount to the lowest closing bid price in the 5 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $55,000.

Loan #23 HGT Capital, LLC

On May 11, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of ten percent per annum and is due in full on November 11, 2015 The note is convertible after maturity at a 38 percent discount to the average lowest 3 closing bid price in the 20 trading days prior to conversion. The note will accrue interest at a rate of 22 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $50,000.

Loan #24 Coventry Enterprises, LLC

On May 20, 2015, the Company entered into a convertible note with an unrelated third party whereby the Company borrowed $50,000. The principal accrues interest at a rate of eight percent per annum and is due in full on May 20, 2016.  The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.  The note will accrue interest at a rate of 24 percent per annum should the Company default. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $50,000.

Loan #25 JMJ Financial

On June 24, 2015 the Company drew down upon an existing promissory note with an unrelated third party whereby the Company agreed to borrow $30,000. The note is due in full on December 24, 2015. The note is exempt from interest for the 90 days after the note date; after 90 days the unpaid principal balance shall accrue interest at a rate of 12 percent per annum.  The note will become convertible into shares of the Company’s common stock on December 21, 2015 at a conversion price of 60 percent of the lowest trade price in the 25 trading days previous to the conversion. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the derivative instrument should be classified as a liability once the conversion option becomes effective due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015 the remaining principal balance on this note was $30,000.

During the period ended June 30, 2015, the Company recorded $1,399,558 new debt discounts and amortized a total $925,317 to interest expense, leaving total unamortized debt discounts of $606,971 as of June 30, 2015.

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Discontinued Operation (Tables)

9 Months Ended

Jun. 30, 2015

Discontinued Operations [Abstract]

Schedule of financial information included in income and balance sheet from discontinued operations

	June 30,  2015		September 30, 2014
	$		$
Assets from Discontinued Operations
Bank Account		-		10,500
Deposits		-		2,285
Fixed Assets		-		14,157
Inventory		-		9,007
Total Assets		-		35,949
Liabilities from Discontinued Operations		-		-
Total Liabilities		-		-

	For the three months					For the nine months
	ended June 30					ended June 30
	2015		2014			2015			2014
	$		$			$			$
Net Revenues		-		90,829			185,806			244,165
Cost of Sales		-		40,966			81,772			106,787
Gross Margin		-		49,863			104,034			137,378
Expenses
Compensation		-		-			53,971			-
Depreciation		-		3,348			1,128			3,348
Professional fees		-		57,686			-			57,686
General & Administrative		-		40,395			54,107			40,395
Total Expenses		-		101,429			109,206			101,429
Net Income (Loss) from
Discontinued Operations		-		(51,566	)		(5,172	)		35,949
Loss on disposal		-		-			(31,395	)		-
Total discontinued operations		-		(51,566	)		(36,567	)		35,949

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Notes Payable - Long Term (Details Textual) - USD ($)		9 Months Ended	12 Months Ended
	Aug. 26, 2014	Jun. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Notes Payable - Long Term		$ 25,000	$ 25,000
Principal balance outstanding and accrued interest		411,607	195,320
Principle Converted		(818,596)	(76,940)
Loan #1 Ira Williams- long term convertible note [Member]
Debt Instrument [Line Items]
Notes Payable - Long Term		$ 25,000	$ 25,000
Interest rate	12.00%
Maturity date		Aug. 27, 2017
Convertible debt, terms of conversion feature	Pursuant to the terms of the note, the principal can be converted into shares of the Company's common stock, at the option of the lender, at any time after six months and up to one year from the note date at a 20 percent discount to the market price of the shares. The discount will be 25 percent if converted between one and two years, and will be 30 percent if converted after two years.
Principal balance outstanding and accrued interest		$ 26,027
Debt conversion price per share	$ 0.50
Principle Converted		$ 26,027

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Discontinued Operation (Details 1) - Zaldiva [Member] - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Revenues		$ 90,829	$ 185,806	$ 244,165
Cost of Sales		40,966	81,772	106,787
Gross Margin		$ 49,863	104,034	$ 137,378
Expenses
Compensation			53,971
Depreciation		$ 3,348	$ 1,128	$ 3,348
Professional fees		57,686		57,686
General & Administrative		40,395	$ 54,107	40,395
Total Expenses		101,429	109,206	101,429
Net Income (Loss) from Discontinued Operations		$ (51,566)	(5,172)	$ 35,949
Loss on disposal			(31,395)
Total discontinued operations		$ (51,566)	$ (36,567)	$ 35,949

XML

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Sep. 30, 2014
CURRENT ASSETS
Cash and Bank	$ 178,888	$ 5,143
Prepaid Expenses	$ 12,285	31,516
Assets from Discontinued Operations		35,949
Total Current Assets	$ 191,173	$ 72,608
FIXED ASSETS
Site Development	210,865
Land Lease	4,996,787
Computer Equipment & Software (Net)	8,713
Furniture & Fittings (Net)	9,778
Total Fixed Assets	5,226,143
OTHER ASSETS
Film Assets	1,558,137
Security Deposits	6,500
Debt Issuance Costs	61,809
Total Other Assets	1,626,446
TOTAL ASSETS	7,043,762	$ 72,608
CURRENT LIABILITIES
Accounts Payable & Accrued Expenses	205,138	7,866
Accrued Interest Payable	40,722	32,208
Payroll & Payroll Tax Liabilities	15,002	$ 10,002
Capital Lease Obligation	507,777
Derivative Liability	2,190,156	$ 247,880
Notes Payable (Net)	354,711	19,000
Convertible Notes Payable (Net)	411,607	195,320
Notes Payable - Related Party	18,000	18,000
Make Whole Provision Liability	333,333
Total Current Liabilities	4,076,446	530,276
NON - CURRENT LIABILITIES
Notes Payable	25,000	$ 25,000
Capital Lease Obligation	4,648,465
Total Non-Current Liabilities	4,673,465	$ 25,000
TOTAL LIABILITIES	8,749,911	555,276
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock: 2,000,000,000 Shares Authorized; at $0.001 Par Value, 239,683,331 and 312,284 Shares Issued and Outstanding, respectively	239,683	312
Additional Paid-In Capital	43,608,504	39,918,053
Profit (Deficit) Accumulated	(45,554,342)	(40,401,033)
TOTAL STOCKHOLDERS' EQUITY	(1,706,149)	(482,668)
TOTAL LIABILITIES and STOCKHOLDERS' EQUITY	$ 7,043,762	$ 72,608
Series A Preferred Stock
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock value
Series B Preferred Stock
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock value	$ 6

XML

Equity Activity (Details) - 9 months ended Jun. 30, 2015 - shares		Total
Jeff Olweean [Member]
Unregistered and restricted stock	[1]	73,500
Issuane Date		Feb. 12, 2015
Roger Miguel [Member]
Unregistered and restricted stock	[2]	300,000
Issuane Date		Feb. 12, 2015
Moon River Studios Inc [Member]
Unregistered and restricted stock	[3]	10,000,000
Issuane Date		Feb. 12, 2015
Nutmeg Productions, Inc [Member]
Unregistered and restricted stock	[4]	7,083,333
Issuane Date		Feb. 18, 2015
Michael Mann [Member]
Unregistered and restricted stock	[5]	1,250,000
Issuane Date		Feb. 18, 2015
Eagle Productions Llc [Member]
Unregistered and restricted stock	[6]	166,666,667
Issuane Date		Feb. 27, 2015
Alex Warner [Member]
Unregistered and restricted stock	[7]	1,250,000
Issuane Date		Apr. 09, 2015
NFC Corp. [Member]
Unregistered and restricted stock	[8]	1,000,000
Issuane Date		May 11, 2015
Steven Bahlmann [Member]
Unregistered and restricted stock	[9]	458,716
Issuane Date		Jun. 01, 2015
Benchmark Advisors [Member]
Unregistered and restricted stock	[10]	2,000,000
Issuane Date		Jun. 15, 2015
Fmw Media [Member]
Unregistered and restricted stock	[10]	2,500,000
Issuane Date		Jun. 16, 2015
Preferred Stock [Member] | Jake Shapiro [Member]
Unregistered and restricted stock	[11]	6,250
Issuane Date	[11]	Dec. 08, 2014

[1] These shares were issued in consideration of services related to the Company's acquisition of Studioplex City, LLC.

[2] These shares were issued as consideration for management services.

[3] These shares were issued as part consideration for the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights

[4] These shares were issued in part consideration for the directing services of Penny Marshall re the motion picture Effa and a second motion picture yet to be determined.

[5] These shares were issued in part consideration for management fees re Penny Marshall directing the motion picture Effa.

[6] These share were issued in consideration of part financing the motion picture Effa.

[7] These shares were issued in exchange for acquiring entertainment and potential consulting services.

[8] These shares were issued for consulting services performed.

[9] These shares were issued in settlement of a $10,000 debt for previously rendered services for Moon River Studios, Inc.

[10] These shares were issued in exchange for consulting services.

[11] These shares were issued as consideration for the Studioplex City LLC acquisition.

XML

Basis of Presentation

9 Months Ended

Jun. 30, 2015

Basis of Presentation [Abstract]

BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION

The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2015 and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's September 30, 2014 audited financial statements.  The results of operations for the period ended June 30, 2015 are not necessarily indicative of the operating results for the full year.

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Debt Issuance Costs (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Issuance Costs (Textual)
Amortization of debt issuance costs			$ 17,748
Debt interest amount	$ 3,193	$ 33
Unamortized debt issuance costs	$ 30,023	$ 969	$ 61,809

XML

Convertible Notes Payable (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Short-term Debt [Line Items]
Face Value Or O/S Amount	$ 1,848,608	$ 404,990
Principle Converted	(818,596)	(76,940)
Forgiveness of debt	(11,434)
Net	$ 1,018,578	328,050
Convertible Notes Payable [Member] | Loan #1 [Member]
Short-term Debt [Line Items]
Note Date	Nov. 06, 2013
Maturity Date	Aug. 08, 2014
Face Value Or O/S Amount	$ 51,560	128,500
Principle Converted	$ (51,560)	(76,940)
Forgiveness of debt
Net		51,560
Convertible Notes Payable [Member] | Loan #2 [Member]
Short-term Debt [Line Items]
Note Date	Nov. 13, 2013
Maturity Date	Nov. 12, 2015
Face Value Or O/S Amount	$ 94,990	$ 94,990
Principle Converted	$ (94,990)
Forgiveness of debt
Net		$ 94,990
Convertible Notes Payable [Member] | Loan #3 [Member]
Short-term Debt [Line Items]
Note Date	Jan. 24, 2014
Maturity Date	Oct. 28, 2014
Face Value Or O/S Amount	$ 78,500	$ 78,500
Principle Converted	(67,066)
Forgiveness of debt	$ (11,434)
Net		$ 78,500
Convertible Notes Payable [Member] | Loan #4 [Member]
Short-term Debt [Line Items]
Note Date	Apr. 11, 2014
Maturity Date	Apr. 11, 2015
Face Value Or O/S Amount	$ 103,000	$ 103,000
Principle Converted	$ (103,000)
Forgiveness of debt
Net		$ 103,000
Convertible Notes Payable [Member] | Loan #5 [Member]
Short-term Debt [Line Items]
Note Date	Dec. 19, 2014
Maturity Date	Dec. 19, 2015
Face Value Or O/S Amount	$ 26,000
Principle Converted
Forgiveness of debt
Net	$ 26,000
Convertible Notes Payable [Member] | Loan #6 [Member]
Short-term Debt [Line Items]
Note Date	Dec. 31, 2014
Maturity Date	Dec. 31, 2015
Face Value Or O/S Amount	$ 20,000
Principle Converted	$ (20,000)
Forgiveness of debt
Net
Convertible Notes Payable [Member] | Loan #7 [Member]
Short-term Debt [Line Items]
Note Date	Feb. 05, 2015
Maturity Date	Feb. 05, 2016
Face Value Or O/S Amount	$ 100,000
Principle Converted
Forgiveness of debt
Net	$ 100,000
Convertible Notes Payable [Member] | Loan #8 [Member]
Short-term Debt [Line Items]
Note Date	Feb. 05, 2015
Maturity Date	Feb. 05, 2016
Face Value Or O/S Amount	$ 450,000
Principle Converted	$ (402,100)
Forgiveness of debt
Net	$ 47,900
Convertible Notes Payable [Member] | Loan #9 [Member]
Short-term Debt [Line Items]
Note Date	Feb. 06, 2015
Maturity Date	Feb. 06, 2016
Face Value Or O/S Amount	$ 25,000
Principle Converted	$ (25,000)
Forgiveness of debt
Net
Convertible Notes Payable [Member] | Loan #10 [Member]
Short-term Debt [Line Items]
Note Date	Feb. 17, 2015
Maturity Date	Feb. 17, 2016
Face Value Or O/S Amount	$ 35,000
Principle Converted
Forgiveness of debt
Net	$ 35,000
Convertible Notes Payable [Member] | Loan #11 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 09, 2015
Maturity Date	Mar. 09, 2016
Face Value Or O/S Amount	$ 53,880
Principle Converted	$ (53,880)
Forgiveness of debt
Net
Convertible Notes Payable [Member] | Loan #12 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 09, 2015
Maturity Date	Mar. 09, 2016
Face Value Or O/S Amount	$ 50,000
Principle Converted
Forgiveness of debt
Net	$ 50,000
Convertible Notes Payable [Member] | Loan #13 [Member]
Short-term Debt [Line Items]
Note Date	Feb. 19, 2015
Maturity Date	Nov. 23, 2015
Face Value Or O/S Amount	$ 43,000
Principle Converted
Forgiveness of debt
Net	$ 43,000
Convertible Notes Payable [Member] | Loan #14 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 10, 2015
Maturity Date	Mar. 10, 2016
Face Value Or O/S Amount	$ 75,000
Principle Converted
Forgiveness of debt
Net	$ 75,000
Convertible Notes Payable [Member] | Loan #15 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 12, 2015
Maturity Date	Mar. 12, 2016
Face Value Or O/S Amount	$ 75,000
Principle Converted
Forgiveness of debt
Net	$ 75,000
Convertible Notes Payable [Member] | Loan #16 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 24, 2015
Maturity Date	Mar. 24, 2016
Face Value Or O/S Amount	$ 116,678
Principle Converted	$ (1,000)
Forgiveness of debt
Net	$ 115,678
Convertible Notes Payable [Member] | Loan #17 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 24, 2015
Maturity Date	Mar. 24, 2016
Face Value Or O/S Amount	$ 50,000
Principle Converted
Forgiveness of debt
Net	$ 50,000
Convertible Notes Payable [Member] | Loan #19 [Member]
Short-term Debt [Line Items]
Note Date	Mar. 27, 2015
Maturity Date	Dec. 27, 2015
Face Value Or O/S Amount	$ 53,000
Principle Converted
Forgiveness of debt
Net	$ 53,000
Convertible Notes Payable [Member] | Loan #19 [Member]
Short-term Debt [Line Items]
Note Date	Apr. 09, 2015
Maturity Date	Jan. 14, 2016
Face Value Or O/S Amount	$ 38,000
Principle Converted
Forgiveness of debt
Net	$ 38,000
Convertible Notes Payable [Member] | Loan #20 [Member]
Short-term Debt [Line Items]
Note Date	Apr. 13, 2015
Maturity Date	Apr. 13, 2016
Face Value Or O/S Amount	$ 75,000
Principle Converted
Forgiveness of debt
Net	$ 75,000
Convertible Notes Payable [Member] | Loan #21 [Member]
Short-term Debt [Line Items]
Note Date	Apr. 27, 2015
Maturity Date	Apr. 27, 2016
Face Value Or O/S Amount	$ 50,000
Principle Converted
Forgiveness of debt
Net	$ 50,000
Convertible Notes Payable [Member] | Loan #22 [Member]
Short-term Debt [Line Items]
Note Date	May 07, 2015
Maturity Date	May 07, 2016
Face Value Or O/S Amount	$ 55,000
Principle Converted
Forgiveness of debt
Net	$ 55,000
Convertible Notes Payable [Member] | Loan #23 [Member]
Short-term Debt [Line Items]
Note Date	May 11, 2015
Maturity Date	Nov. 11, 2015
Face Value Or O/S Amount	$ 50,000
Principle Converted
Forgiveness of debt
Net	$ 50,000
Convertible Notes Payable [Member] | Loan #24 [Member]
Short-term Debt [Line Items]
Note Date	May 20, 2015
Maturity Date	May 20, 2016
Face Value Or O/S Amount	$ 50,000
Principle Converted
Forgiveness of debt
Net	$ 50,000
Convertible Notes Payable [Member] | Loan #25 [Member]
Short-term Debt [Line Items]
Note Date	Jun. 24, 2015
Maturity Date	Dec. 24, 2015
Face Value Or O/S Amount	$ 30,000
Principle Converted
Forgiveness of debt
Net	$ 30,000

XML

Correction of Prior Quarter Information

9 Months Ended

Jun. 30, 2015

Correction of Prior Quarter Information [Abstract]

CORRECTION OF PRIOR QUARTER INFORMATION

NOTE 17 – CORRECTION OF PRIOR QUARTER INFORMATION

During the quarter ended March 31, 2015 the Company identified an error in the December 31, 2014 previous period which included a film asset in the amount of $2,500,000.

The asset was acquired as part of the acquisition by the Company of Studioplex City, LLC on December 7, 2014 where under the Company issued 6,250 shares of Series B preferred stock in order to complete the acquisition. The shares were valued at $400.00 per share. The sole asset of Studioplex City, LLC was a two picture deal with the director Penny Marshall. At the time of the acquisition the Company had a market valuation of $359,765. Upon closing of the transaction the Series B preferred stock had 65% voting control of the Company. Accordingly the Company, during the quarter ended March 31, has recognized a correction of the value of the film assert to 65% of the value of the Company i.e. $259,062. Additional Paid In Capital has similarly been reduced by $2,240,938 being the amount of the write down. As of the filing date, these shares represent 1.3% of voting rights in the Company.

In accordance with the SEC’s Staff Accounting Bulletin Nos. 99 and 108 (SAB 99 and SAB 108), The Company evaluated this error and, based on an analysis of quantitative and qualitative factors, determined that the error was immaterial to the prior reporting period affected. However, if the adjustments to correct the cumulative effect of the above error had been recorded, the Company believes the impact would have been significant and would impact comparisons to prior periods. Therefore, as permitted by SAB 108, the Company corrected, in the current filing, previously reported results for December 31, 2014 financial statements.

A Form 10Q / A was filed on July 1, 2015 amending the previously filed Form 10Q.

XML

Convertible Notes Payable (Details Textual) - USD ($)																1 Months Ended						3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Jun. 24, 2015	May. 20, 2015	May. 11, 2015	May. 07, 2015	Apr. 27, 2015	Apr. 13, 2015	Apr. 09, 2015	Mar. 12, 2015	Mar. 10, 2015	Mar. 09, 2015	Feb. 06, 2015	Feb. 05, 2015	Apr. 11, 2014	Nov. 13, 2013	Nov. 06, 2013	Mar. 27, 2015	Mar. 24, 2015	Feb. 19, 2015	Feb. 17, 2015	Dec. 19, 2014	Jan. 24, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014	Feb. 08, 2015
Short-term Debt [Line Items]
Borrowed amount																									$ 1,848,608		$ 404,990
Unamortized debt discount																									606,971
Principle Converted																									$ (818,596)		(76,940)
Debt conversion, converted instrument, shares issued																									45,240,647
Forgiveness of debt																									$ (11,434)
Convertible notes payable																									1,018,578		328,050
Accrued interest																									40,722		32,208
Debt discount																									1,399,558	$ 410,489
Amortization of Debt Discount																									928,027	$ 296,396
Derivative Liability																									2,190,156		247,880
Interest expenses																									925,317
Convertible Notes Payable [Member] | Loan #1 Asher Enterprises, Inc. [Member]
Short-term Debt [Line Items]
Borrowed amount															$ 128,500
Convertible note interest rate															8.00%
Accrued interest rate															22.00%
Maturity Date															Aug. 08, 2014
Convertible note conversion, description															The note is convertible at the option of the holder at any point at least 180 days from the note date at a 42 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.
Principle Converted																								$ 51,560			76,940
Convertible notes payable																									0		51,560
Convertible Notes Payable [Member] | Loan #2 JMJ Financial [Member]
Short-term Debt [Line Items]
Convertible note, maximum borrowing amount														$ 300,000
Original debt discount percentage														10.00%
Borrowed amount														$ 137,500
Convertible note conversion, description														The note is exempt from interest for the 90 days after the note date; after 90 days the unpaid principal balance shall accrue interest at a rate of 12 percent per annum. The note became convertible into shares of the Company's common stock on May 12, 2014 at 60 percent of the lowest trade price in the 25 trading days previous to the conversion.
Principle Converted																						$ 49,948	$ 45,042		$ 33,937.54		$ 42,510
Debt conversion, converted instrument, shares issued																						3,428,000	464,250		1,529,169		24,250
Convertible notes payable																							$ 49,948		$ 0		$ 94,990
Accrued interest																							10,661
Amortization of Debt Discount														$ 12,500
Convertible Notes Payable [Member] | Loan #3 Asher Enterprises, Inc. [Member]
Short-term Debt [Line Items]
Borrowed amount																					$ 78,500
Convertible note interest rate																					8.00%
Accrued interest rate																					22.00%
Maturity Date																					Oct. 28, 2014
Convertible note conversion, description																					The note is convertible at the option of the holder at any point at least 180 days from the note date at a 42 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.
Principle Converted																						$ 4,831	$ 62,235
Debt conversion, converted instrument, shares issued																							854,563
Forgiveness of debt																						11,434
Convertible notes payable																							$ 16,265		0		78,500
Accrued interest																						2,090	5,240	$ 2,090			4,284
Convertible Notes Payable [Member] | Loan #4 Hanover Holdings, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount													$ 103,000
Convertible note interest rate													8.00%
Accrued interest rate													22.00%
Maturity Date													Apr. 11, 2015
Convertible note conversion, description													The note is convertible at the option of the holder at any point after the note date at a 40 percent discount to the average of the three lowest closing prices during the ten day period prior to conversion.
Principle Converted																						$ 20,000	$ 83,000		0
Debt conversion, converted instrument, shares issued																						1,092,242	816,778
Convertible notes payable																							$ 20,000		0		$ 103,000
Accrued interest																							1,336
Convertible Notes Payable [Member] | Loan #5 Union Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount																				$ 26,000
Convertible note interest rate																				8.00%
Accrued interest rate																				24.00%
Maturity Date																				Dec. 19, 2015
Convertible note conversion, description																				The Company did not assume the debt until February 5, 2015 and as such the note was not convertible until this date. The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 10 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									26,000
Convertible Notes Payable [Member] | Loan #6 Dr. Yusuf Hameed [Member]
Short-term Debt [Line Items]
Borrowed amount																							$ 20,000
Convertible note interest rate																							8.00%
Maturity Date																							Dec. 31, 2015
Convertible note conversion, description																							The note is convertible 6 months from the date of the agreement at a conversion price of $0.0001 - The note shall immediately convert upon the earlier of (a) a reverse split being effective or (b) an increase in authorized shares.
Debt conversion price per share																							$ 0.0001
Principle Converted																						$ 20,000
Debt conversion, converted instrument, shares issued																						500,000
Convertible notes payable																									0
Derivative Liability																												$ 27,085
Convertible Notes Payable [Member] | Loan #7 Coventry Enterprises, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount												$ 100,000
Convertible note interest rate												8.00%
Accrued interest rate												24.00%
Maturity Date												Feb. 05, 2016
Convertible note conversion, description												The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									100,000
Convertible Notes Payable [Member] | Loan #8 Coventry Enterprises, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount												$ 450,000
Convertible note interest rate												8.00%
Accrued interest rate												24.00%
Maturity Date												Feb. 05, 2016
Convertible note conversion, description												The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.
Principle Converted																						$ 221,300			$ 180,800
Debt conversion, converted instrument, shares issued																						12,900,000			16,000,000
Convertible notes payable																									$ 47,900
Convertible Notes Payable [Member] | Loan #9 Union Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount											$ 25,000
Convertible note interest rate											8.00%
Accrued interest rate											24.00%
Maturity Date											Feb. 06, 2016
Convertible note conversion, description											The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 10 trading days prior to conversion notice. The note will accrue interest at a rate of 24 percent per annum should the Company default.
Principle Converted																									$ 25,000
Debt conversion, converted instrument, shares issued																									1,618,559
Convertible notes payable																									$ 0
Convertible Notes Payable [Member] | Loan #10 Magna Securities, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount																			$ 35,000
Convertible note interest rate																			8.00%
Accrued interest rate																			22.00%
Maturity Date																			Feb. 17, 2016
Convertible note conversion, description																			The note is immediately convertible at a 40 percent discount to the lowest trading price in the five trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									35,000
Convertible Notes Payable [Member] | Loan #11 Union Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount										$ 53,880
Convertible note interest rate										8.00%
Accrued interest rate										24.00%
Maturity Date										Mar. 09, 2016
Convertible note conversion, description										The note is immediately convertible at a 39 percent discount to the lowest trading price in the 5 trading days prior to conversion notice.
Principle Converted																									$ 53,880
Debt conversion, converted instrument, shares issued																									3,283,903
Convertible notes payable																									$ 0
Convertible Notes Payable [Member] | Loan #12 Union Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount										$ 50,000
Convertible note interest rate										8.00%
Accrued interest rate										24.00%
Maturity Date										Mar. 09, 2016
Convertible note conversion, description										The note is immediately convertible at a 39 percent discount to the lowest trading price in the 5 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									50,000
Convertible Notes Payable [Member] | Loan #13 Vis Vires Group, Inc. [Member]
Short-term Debt [Line Items]
Borrowed amount																		$ 43,000
Convertible note interest rate																		8.00%
Accrued interest rate																		22.00%
Maturity Date																		Nov. 23, 2015
Convertible note conversion, description																		The note is convertible after 180 days at a 50 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									43,000
Convertible Notes Payable [Member] | Loan #14 Coventry Enterprises, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount									$ 75,000
Convertible note interest rate									8.00%
Accrued interest rate									24.00%
Maturity Date									Mar. 10, 2016
Convertible note conversion, description									The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									75,000
Convertible Notes Payable [Member] | Loan #15 LG Capital Funding, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount								$ 75,000
Convertible note interest rate								8.00%
Accrued interest rate								24.00%
Maturity Date								Mar. 12, 2016
Convertible note conversion, description								The note is immediately convertible at a 39 percent discount to the lowest trading price in the 15 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									75,000
Convertible Notes Payable [Member] | Loan #16 Union Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount																	$ 116,678
Convertible note interest rate																	8.00%
Accrued interest rate																	24.00%
Maturity Date																	Mar. 24, 2016
Convertible note conversion, description																	The note is immediately convertible at a 39 percent discount to the lowest trading price in the five trading days prior to conversion notice.
Principle Converted																									$ 1,000
Debt conversion, converted instrument, shares issued																									65,775
Convertible notes payable																									$ 115,678
Convertible Notes Payable [Member] | Loan #17 Union Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount																	$ 50,000
Convertible note interest rate																	8.00%
Accrued interest rate																	24.00%
Maturity Date																	Mar. 24, 2016
Convertible note conversion, description																	The note is immediately convertible at a 39 percent discount to the lowest trading price in the five trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									50,000
Convertible Notes Payable [Member] | Loan #18 Carebourn Capital, LP [Member]
Short-term Debt [Line Items]
Borrowed amount																$ 53,000
Convertible note interest rate																12.00%
Accrued interest rate																22.00%
Maturity Date																Dec. 27, 2015
Convertible note conversion, description																The note is convertible after 90 days at a 40 percent discount to the average of the lowest three days trading price in the 10 trading days prior to conversion date.
Principle Converted																									0
Convertible notes payable																									53,000
Amortization of Debt Discount																$ 3,000
Convertible Notes Payable [Member] | Loan #19 Vis Vires Group, Inc. [Member]
Short-term Debt [Line Items]
Borrowed amount							$ 38,000
Convertible note interest rate							8.00%
Accrued interest rate							22.00%
Maturity Date							Jan. 14, 2016
Convertible note conversion, description							The note is convertible after 180 days at a 40 percent discount to the average of the three lowest trading prices in the 30 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									38,000
Convertible Notes Payable [Member] | Loan #20 Coventry Enterprises, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount						$ 75,000
Convertible note interest rate						8.00%
Accrued interest rate						24.00%
Maturity Date						Apr. 13, 2016
Convertible note conversion, description						The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									59,016
Amortization of Debt Discount																									15,984
Convertible Notes Payable [Member] | Loan #21 Coventry Enterprises, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount					$ 50,000
Convertible note interest rate					8.00%
Accrued interest rate					24.00%
Maturity Date					Apr. 27, 2016
Convertible note conversion, description					The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									41,257
Amortization of Debt Discount																									8,743
Convertible Notes Payable [Member] | Loan #22 JDF Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount				$ 55,000
Convertible note interest rate				8.00%
Accrued interest rate				24.00%
Maturity Date				May 07, 2016
Convertible note conversion, description				The note is convertible at any time after the required 144 holding period at a 40 percent discount to the lowest closing bid price in the 5 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									55,000
Convertible Notes Payable [Member] | Loan #23 HGT Capital, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount			$ 50,000
Convertible note interest rate			10.00%
Accrued interest rate			22.00%
Maturity Date			Nov. 11, 2015
Convertible note conversion, description			The principal accrues interest at a rate of ten percent per annum and is due in full on November 11, 2015 The note is convertible after maturity at a 38 percent discount to the average lowest 3 closing bid price in the 20 trading days prior to conversion.
Principle Converted																									0
Convertible notes payable																									50,000
Convertible Notes Payable [Member] | Loan #24 Coventry Enterprises, LLC [Member]
Short-term Debt [Line Items]
Borrowed amount		$ 50,000
Convertible note interest rate		8.00%
Accrued interest rate		24.00%
Maturity Date		May 20, 2016
Convertible note conversion, description		The note is immediately convertible at a 45 percent discount to the lowest closing bid price in the 20 trading days prior to conversion notice.
Principle Converted																									0
Convertible notes payable																									50,000
Convertible Notes Payable [Member] | Loan #25 JMJ Financial [Member]
Short-term Debt [Line Items]
Borrowed amount	$ 30,000
Convertible note interest rate	12.00%
Maturity Date	Dec. 24, 2015
Convertible note conversion, description	The note is exempt from interest for the 90 days after the note date; after 90 days the unpaid principal balance shall accrue interest at a rate of 12 percent per annum. The note will become convertible into shares of the Company's common stock on December 21, 2015 at a conversion price of 60 percent of the lowest trade price in the 25 trading days previous to the conversion.
Principle Converted																									0
Convertible notes payable																									$ 30,000

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Studioplex City Rentals

9 Months Ended

Jun. 30, 2015

Studioplex City Rentals [Abstract]

STUDIOPLEX CITY RENTALS

NOTE 19 – STUDIOPLEX CITY RENTALS

On April 17, 2015, The Company acquired 100% of the share capital of Studioplex City Rentals, LLC (“SCR”). The shares were purchased from Mr. Jake Shapiro, Chairman of the Company, for a purchase price of $100. As at the date of the acquisition,of the shares, and through June 30, 2015, SCR had not generated revenues. SCR, on March 26, 2015, had entered a Purchase and Sale Agreement with Applebox Productions, Inc. under which it agreed to purchase various film equipment, intended for rental. The acquisitions was completed on July 2, 2015, and since that date, SCR has generated $22,090 in revenue.

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Going Concern

9 Months Ended

Jun. 30, 2015

Going Concern [Abstract]

GOING CONCERN

NOTE 2 - GOING CONCERN

The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern.  During the nine months ended June 30, 2015 the Company realized a net loss of $5,153,309. It used $819,919 in cash from operating activities and had a working capital deficit of $3,807,273 for the nine months ended June 30, 2015. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from high net worth and institutional investors sufficient to meet its operating expenses and seeking equity and/or debt financing for specific project financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Sep. 30, 2014
Common stock, Shares authorized	2,000,000,000	2,000,000,000
Common stock, Par value	$ 0.001	$ 0.001
Common stock, Shares issued	239,683,331	312,284
Common stock, Shares outstanding	239,683,331	312,284
Series A Preferred Stock
Preferred stock, Shares authorized	20,000,000	20,000,000
Preferred stock, Par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, Shares outstanding	0	0
Series B Preferred Stock
Preferred stock, Shares authorized	20,000,000	20,000,000
Preferred stock, Par value	$ 0.001	$ 0.001
Preferred stock, shares issued	6,250	0
Preferred stock, Shares outstanding	6,250	0

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Site Development Costs

9 Months Ended

Jun. 30, 2015

Site Development Costs [Abstract]

SITE DEVELOPMENT COSTS

NOTE 12 - SITE DEVELOPMENT COSTS

On February 10, 2015, the Company entered into a Lease Purchase and Assignment Agreement with Moon River Studios, Inc., (“Moon River”) formerly known as Medient Studios, Inc. (“Medient”) whereby the Company purchased a land lease (“Lease”) relating to property predominantly in Effingham County, GA, along with various other assets of Moon River, including the name “Moon River Studios” As consideration for this purchase, the Company agreed to the issuance of ten million shares of the Company’s common stock, payment for registering the shares, plus the Company’s assumption of $10,000,000 of Medient liabilities under the terms of the Lease.

The Company is developing this property with a view to building a motion picture studio. During the nine months ended June 30, 2015, the Company has expended $210,865 on site development costs, including but not limited to architects, and civil engineers etc.

The milestones and dates completed include:

Milestone	Completion Date
Survey for Water Line	April 2, 2015
Updated Master Plan (submission)	April 13, 2015
Survey for Spine Road	April 15, 2015
Engineering Design for Water Line (submission)	April 16, 2015
Topo Survey for Studio Site (57 + acres)	May 13, 2015
Septic System Drain Field Survey (3+ acres)	June 1, 2015
Septic System Soil Investigation	June 14, 2015
Engineering Design for Spine Road (submission)	June 15, 2015
Revised Master Plan (submission)	July 8, 2015
Further Revised Master Plan (submission)	July 14, 2015
County Commission Approval of Master Plan	July 21, 2015

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Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Aug. 07, 2015
Document and Entity Information:
Entity Registrant Name	FONU2 Inc.
Entity Central Index Key	0001168325
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		241,833,331

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Discontinued Operation

9 Months Ended

Jun. 30, 2015

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

NOTE 13 – DISCONTINUED OPERATIONS

On March 1, 2015, the Company sold ownership of Zaldiva Comics and Collectibles (“Zaldiva”) to Ms. Nicole Leigh, a former director of the Company, for $10,100.  The assets sold consist of Zaldiva.com, Zaldiva.com Comics & Collectibles, Zaldiva Comics & Collectibles, and all of Zaldiva’s inventory and intellectual property.

As such, all assets, liabilities, revenues and expenses of the business have been presented as discontinued operations in the consolidated financial statements. A summary of the assets and liabilities as of June 30, 2015 and September 30, 2014 and revenues and expenses for the three and nine months ended June 30, 2015 and June 30, 2014

	June 30,  2015		September 30, 2014
	$		$
Assets from Discontinued Operations
Bank Account		-		10,500
Deposits		-		2,285
Fixed Assets		-		14,157
Inventory		-		9,007
Total Assets		-		35,949
Liabilities from Discontinued Operations		-		-
Total Liabilities		-		-

	For the three months					For the nine months
	ended June 30					ended June 30
	2015		2014			2015			2014
	$		$			$			$
Net Revenues		-		90,829			185,806			244,165
Cost of Sales		-		40,966			81,772			106,787
Gross Margin		-		49,863			104,034			137,378
Expenses
Compensation		-		-			53,971			-
Depreciation		-		3,348			1,128			3,348
Professional fees		-		57,686			-			57,686
General & Administrative		-		40,395			54,107			40,395
Total Expenses		-		101,429			109,206			101,429
Net Income (Loss) from
Discontinued Operations		-		(51,566	)		(5,172	)		35,949
Loss on disposal		-		-			(31,395	)		-
Total discontinued operations		-		(51,566	)		(36,567	)		35,949

The Company was forgiven a $10,000 debt to Ms. Leigh as proceeds from the sale of Zaldiva.

As at December 31, 2014, the Company consolidated $41,395 of net assets of Zaldiva. This was increased to $58,703 from trading profits in the three months to December 31, 2014 of $17,308. Trading losses of $12,136 incurred during the two months ended March 1, 2015 reduce the write off to $46,567. The Company received $10,000 as proceeds from the sale establishing a Loss on Zaldiva of $36,567 for the nine months ended June 30, 2015.

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Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income statement
REVENUES
COST OF SALES
GROSS PROFIT
OPERATING EXPENSES
Depreciation	$ 1,352		$ 2,080
Product Development			34,124
Compensation	$ 17,644		27,343
Professional Fees	149,641	$ 612,157	486,952	$ 829,794
General & Administrative	292,554	72,068	472,944	576,711
Total Operating Expenses	461,191	684,225	1,023,443	1,406,505
LOSS FROM OPERATIONS	(461,191)	(684,225)	(1,023,443)	(1,406,505)
OTHER INCOME (EXPENSES)
Interest Expense	$ (543,657)	$ (209,042)	(1,190,648)	(336,306)
Gain on Settlement of Debt			13,524	5,719
Loss on Extinguishment of Debt			(21,300)
Gain (Loss) on Derivative Liability	$ (809,409)	$ (342,979)	(2,561,542)	$ 321,206
Loss on Make Whole Provision	(83,333)		(333,333)
Total Other Income (Expenses)	(1,436,399)	$ (552,021)	(4,093,299)	$ (9,381)
INCOME (LOSS) FROM CONTINUING OPERATIONS	$ (1,897,590)	(1,236,246)	(5,116,742)	(1,415,886)
Net (Loss) Profit from Discontinued Operations		(51,566)	(36,567)	35,949
INCOME (LOSS) BEFORE TAXATION	$ (1,897,590)	$ (1,287,812)	$ (5,153,309)	$ (1,379,937)
PROVISION FOR INCOME TAXES
NET INCOME (LOSS)	$ (1,897,590)	$ (1,287,812)	$ (5,153,309)	$ (1,379,937)
BASIC and DILUTED INCOME (LOSS PER SHARE)
Continuing Operations	$ (0.01)	$ (5.72)	$ (0.05)	$ (7.01)
Discontinued Operations
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	203,882,389	225,174	103,018,832	196,933

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Fair Value Measurements

9 Months Ended

Jun. 30, 2015

Fair Value Measurements [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 7 – FAIR VALUE MEASUREMENTS

As defined in FASB ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy are as follows:

Level 1   –    Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2   –    Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date.

Level 3   –    Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as June 30, 2015.

September 30, 2014

Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
LIABILITIES:
Derivative liability		--		--		247,880		247,880

June 30, 2015

Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
LIABILITIES:
Derivative liability		--		--		2,190,156		2.190,156

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Related Party Notes Payable

9 Months Ended

Jun. 30, 2015

Related Party Notes Payable [Abstract]

RELATED PARTY NOTES PAYABLE

NOTE 6 – RELATED PARTY NOTES PAYABLE

Loan #1 Robert Lees 

On August 5, 2014 the Company borrowed $18,000 from a former related party in the form of a note payable.  The note accrues interest at a rate of 12 percent per annum, is unsecured, and is due on demand.

As of June 30, 2015 and September 30, 2014, the Company had a total of $18,000 and $18,000 in outstanding Related Party Notes Payable respectively.

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Debt Issuance Costs

9 Months Ended

Jun. 30, 2015

Debt Issuance Costs [Abstract]

DEBT ISSUANCE COSTS

NOTE 18 – DEBT ISSUANCE COSTS

Costs incurred in issuing Convertible Notes and Notes Payable are capitalized as Debt Issuance Costs. The Debt Issuance Costs are amortized over the term of the Convertible Notes and Notes Payable. During the nine months ended June 30, 2015, $17,748 was amortized to interest. Included in these amounts was $3,193 for interest that related to the three months ended March 31, 2015 and $33 for interest that related to the three months ended December 31, 2014. Management does not consider these prior period amounts material, and have not, therefore, restated the Financial Statements for the three months ended March 31, 2015. As at June 30, 2015, the amount of unamortized Debt Issuance Costs was $61,809. As at March 31, 2015 the amount of unamortized Cost of Debt was $30,023 and as at December 31, 2014, the amount of unamortized Cost of Debt was $969.

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Make Whole Provision Liability

9 Months Ended

Jun. 30, 2015

Make Whole Provision Liability [Abstract]

MAKE WHOLE PROVISION LIABILITY

NOTE 14 – MAKE WHOLE PROVISION LIABILITY

Pursuant to the agreement entered between the Company and Nutmeg Productions, Inc. (“Nutmeg”) for the directing services of Penny Marshall, the Company has guaranteed that the value of the number of shares of stock so issued shall at all times be equal to the sum of $425,000. Such Guarantee shall be in place for a period of six (6) months from the date of the issuing of the stock (February 18, 2015) (said date of availability for sale is termed “Sale Date”), whereupon Nutmeg is able thereafter to sell the stock. Should the net proceeds of the stock as at Sale Date be less than US$425,000 (“Shortfall”) the Company shall be liable to pay to Nutmeg any Shortfall by either:

a) Paying Nutmeg the difference, or

b) Issuing further stock (“Further Stock”) to Nutmeg.

Pursuant to the agreement entered between the Company and Nutmeg Productions, Inc. for the directing services of Penny Marshall, the Company has guaranteed that the value of the number of shares of stock issued to Michal Mann (“Mann”) as Ms. Marshall’s manager, that shall at all times be equal to the sum of $75,000. Such Guarantee shall be in place for a period of six (6) months from the date of the issuing of the stock (February 18, 2015) (said date of availability for sale is termed “Sale Date”), whereupon Mann is able thereafter to sell the stock. Should the net proceeds of the stock as at Sale Date be less than US$75,000 (“Shortfall”) the Company shall be liable to pay to Mann any Shortfall by either:

a) Paying Mann the difference, or

b) Issuing further stock (“Further Stock”) to Mann.

As at June 30, 2015, the amount of the Shortfall was $333,333 that has been accounted for as Make Whole Provision Liability.

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Capital Lease

9 Months Ended

Jun. 30, 2015

Capital Lease [Abstract]

CAPITAL LEASE

NOTE 10 - CAPITAL LEASE

On February 10, 2015 the Company entered into a Lease Purchase and Assignment Agreement with Moon River Studios, Inc., (“Moon River”) formerly known as Medient Studios, Inc. (“Medient”) whereby the Company purchased a land lease (“Lease”) relating to property predominantly in Effingham County, GA, along with various other assets of Moon River, including the name “Moon River Studios”. Mr. Jake Shapiro, Chairman of the Company was formerly the Chief Executive Officer of Medient. As consideration for this purchase, the Company agreed to the issuance of ten million shares of the Company’s common stock, payment for registering the shares, plus the Company’s assumption of $10,000,000 of Medient liabilities under the terms of the Lease.

The Company has accounted for the value of the lease as the net present value of $4,996,787 of the capital lease obligation.

The discount rate used in calculating the net present value of the minimum lease payments was The Company’s weighted average cost of capital of 8.6%.

A discount accretion of $159,455 and $0 has been recorded in the nine months ended June 30, 2015 and 2014 respectively, relative to the present value of the minimum lease payments.

Accordingly, the capital lease obligation as at June 30, 2015 is $5,156,242.

The Lease Agreement was entered on August 21, 2013, with the Effingham County Industrial Development Authority (the “IDA”). Under the Lease, approximately 1,560 acres of land located predominantly within Effingham County, Georgia (“Property”) was leased. The Lease is effective from August 21, 2013 through July 1, 2033. No interest is payable and no payments are due for the first two years, with the total rent of $10 million being paid in 18 equal annual installments, commencing February 28, 2016. The Company is obligated to pay additional rent if it does not achieve the specified goals of $90 million in investment and 527 jobs on or before the end of year 5 (five). During the five year period there are also a number of mutually agreed milestones to be met. If not met the Company will be subject to various default provisions. At the end of the Lease, the Company has the option to purchase the Property for $100. The Lease has been accounted for as a capital lease and the net present value of the minimum lease payments under the Lease is $4,996,787 million as at June 30, 2015. 

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Studioplex City Rentals (Details) - Apr. 17, 2015 - Studioplex, City Rentals, LLC [Member] - USD ($)	Total
Business Acquisition [Line Items]
Ownership percentage	100.00%
Purchase price per share	$ 100
Revenue	$ 22,090

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Derivative Instruments

9 Months Ended

Jun. 30, 2015

Derivative Instruments [Abstract]

DERIVATIVE INSTRUMENTS

NOTE 8 – DERIVATIVE INSTRUMENTS

During the years ended September 30, 2013 and 2014, and the nine months ended June 30, 2015, the Company issued debt instruments that were convertible into common stock at discounts to closing prices during various preceding trading day period priors to conversion. The conversion options embedded in these instruments contain no explicit limit to the number of shares to be issued upon settlement and as a result are classified as liabilities under ASC 815. Additionally, because the number of shares to be issued upon settlement is indeterminate, all other share settleable instruments must also be classified as liabilities, resulting in a liability for conversion options on 500,000 Common Stock Purchase Warrants issued during June, 2015. A debt discount of $1,405,557 was recorded as a result of these derivative liabilities, $928,027 was amortized into interest expense for the nine months ended June 30, 2015.

During the period ended June 30, 2015, certain notes payable were converted resulting in settlement of the related derivative liabilities.  The Company re-measured the embedded conversion options at fair value on the date of settlement and recorded these amounts to additional paid-in capital.

The following table summarizes the changes in the derivative liabilities during the period ended June 30, 2015:

Ending balance as of September 30, 2014	$	247,880
Debt discount		1,405,557
Reclassification of convertible note to derivative		27,085
Reclassification of derivative liabilities to additional paid-in capital due to conversion of debt		(2,051,908	)
Loss on change in fair value		2,561,542
Ending balance as of June 30, 2015	$	2,190,156

The Company uses the Black Scholes Option Pricing Model to value its derivatives based upon the following assumptions: dividend yield of -0-%, volatility of 174-1271%, risk free rate of 0.02-1.07% and an expected term of 0.08 to 3.04 years.

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Equity Activity

9 Months Ended

Jun. 30, 2015

Equity Activity [Abstract]

EQUITY ACTIVITY

NOTE 9 – EQUITY ACTIVITY

Common Stock

During the nine months ended June 30, 2015, the Company issued and aggregate of 45,240,647 of common stock upon the conversion and partial conversion of $915,219 in convertible debts and notes payable, including interest. In addition, the Company issued an aggregate of 6,332,216 of common stock for $109,424 in services rendered, an aggregate of 10,000,000 of common stock valued at $0 for part consideration of the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights. The Company issued a further 8,333,333 of common stock for $500,000 in part consideration for the directing services of Penny Marshall re the motion picture Effa and a second motion picture to be determined. The Company issued a further 166,666,667 of common stock valued at $0 in consideration of part financing the motion picture Effa. The Company also cancelled 1,816 of common stock. The Company also issued a total of 2,800,000 shares of common stock for settlement of $100,000 liability. A loss of $21,300 was recognized on the settlement.

During the nine months ended June 30, 2015, on the dates indicated below, the Company issued the following “unregistered” and “restricted” shares as indicated (all share figures are post-split).

Name	No. of Shares			Issuance Date	Consideration
Jake Shapiro		6,250	(Preferred)	12/8/14	(1)
Jeff Olweean		73,500		2/12/15	(2)
Roger Miguel		300,000		2/12/15	(3)
Moon River Studios, Inc.		10,000,000		2/12/15	(4)
Nutmeg Productions, Inc.		7,083,333		2/18/15	(5)
Michael Mann		1,250,000		2-18-15	(6)
Eagle Productions, LLC		166,666,667		2-27-15	(7)
Alex Warner		1,250,000		4/9/15	(8)
NFC Corp.		1,000,000		5/11/15	(9)
Steven Bahlmann		458,716		6/1/15	(10)
Benchmark Advisors		2,000,000		6/15/15	(11)
FMW Media		2,500,000		6/16/15	(12)

(1) These shares were issued as consideration for the Studioplex City LLC acquisition.

(2) These shares were issued in consideration of services related to the Company’s acquisition of Studioplex City, LLC.

(3) These shares were issued as consideration for management services.

(4) These shares were issued as part consideration for the acquisition of the economic interest in the lease of 1560 acres of property in Effingham, GA, and various intellectual property rights

(5) These shares were issued in part consideration for the directing services of Penny Marshall re the motion picture Effa and a second motion picture yet to be determined.

(6) These shares were issued in part consideration for management fees re Penny Marshall directing the motion picture Effa.

(7) These share were issued in consideration of part financing the motion picture Effa.

(8) These shares were issued in exchange for acquiring entertainment and potential consulting services.

(9) These shares were issued for consulting services performed.

(10) These shares were issued in settlement of a $10,000 debt for previously rendered services for Moon River Studios, Inc.

(11) These shares were issued in exchange for consulting services.

(12) These shares were issued in exchange for consulting services.

These shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

Preferred Stock

On December 7, 2014 the Company authorized the creation of Series B preferred stock. The Series B preferred stock has liquidation preference, and each share of Series B preferred stock carries voting rights equivalent to that of five hundred shares of common stock. In addition, the Series B preferred stock is convertible into shares of common stock at the option of the shareholder at a rate of ten common shares for every share of Series B preferred stock.

On December 7, 2014, the Company issued 6,250 shares of Series B preferred stock in order to complete the acquisition of Studioplex City, LLC. The shares were valued at $400.00 per share. The shares were issued to Mr. Jake Shapiro who was subsequently appointed Chairman of the Company. The sole asset of Studioplex City, LLC was a two picture deal with the director Penny Marshall. These preferred shares carried super voting rights of 500 per share i.e. 3,125,000 votes. At the date of the transaction 659,608,217 (pre-split) common stock was issued, trading at $0.0006. Therefore the Company had a market capitalization of $395,765 and the Preferred Stock Series B had 65% of voting rights in the Company. Accordingly, the value of the film asset has been recorded at $259,062, being 65% of the then market capitalization of the Company. As of the filing date, these shares represent 1.3% of voting rights in the Company.

Reverse Stock-Split

On December 22, 2014 the Company authorized a reverse-split of its outstanding common stock on a one-share-for-400-shares basis. All references to common stock in these financial statements have been retroactively restated so as to account for the effects of this reverse-split.

Common Stock Rights and Warrants

During June 2015, in conjunction with the issuance of a $275,000 Note Payable, The Company granted 500,000 warrants to purchase common stock at an exercise price of $0.015 per share for three years. The warrants were valued using the Black-Scholes option pricing model at a fair value of $0.01 per share, resulting in $5,999 being recorded as debt discount, which is being amortized to interest expense.

The Company analyzed the Common Stock Purchase Warrants for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that they contain a derivative instrument classified as a liability due to there being no explicit limit to the number of shares to be delivered upon settlement.   

The following table summarizes the warrants outstanding and associated activity for the period ended June 30, 2015:

	Number of  Options		Weighted  Average Price		Weighted Average  Remaining  Contractual Life
Warrants exercisable at September 30, 2014:		-	$	0.0		-
Granted		500,000		0.015		3.00
Exercised		-		-		-
Expired		-		-		-
Warrants exercisable at June 30, 2015		500,000		0.015		2.92

The warrants were valued at using the Black-Scholes option fair value pricing model using the following assumptions:

Stock price on grant date	$	0.012
Exercise price	$	0.015
Expected time to exercise		3 years
Risk free interest rate		0.98	%
Volatility		448	%
Expected forfeiture rate		0.00	%

The outstanding warrants have an intrinsic value of $2,500 as of June 30, 2015.

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Film Assets

9 Months Ended

Jun. 30, 2015

Film Assets [Abstract]

FILM ASSETS

NOTE 11 – FILM ASSETS

On February 12, 2015, the Company acquired the worldwide distribution rights for the movie Yellow from Medient Studios, Inc. Mr. Jake Shapiro, Chairman of the Company was formerly the Chief Executive Officer of Medient Studios, Inc. Under terms of the agreement, the Company will receive, in addition to a profit share, a 10% (ten percent) distribution fee, and a 20% (twenty percent) return on all funds expended associated with the acquisition of the rights, print and advertising, marketing, and other expenses associated with the release of the movie. As consideration, the Company has committed to provide these costs and fees, along with the assumption of various costs and liabilities costs associated with the movie. Costs assumed to June 30, 2015 totaled $787,575. Included within this amount is an account payable in the amount of $23,689 owing to Ms. Megan Murphy by Medient Studios, Inc. The Company will, from time to time, advance miscellaneous funds on behalf of Moon River Studios Inc’s expenses, and will recoup such funds from the exploitation of the movie.

Under an option agreement with the writers of the script for the movie Effa the Company has paid $8,000 for an 18-month option to finance, produce and exploit the rights in the movie. The Company has the right to extend the option at the end of the initial 18 months for a further 12 months for a further payment of $8,000. A further $3,500 was expended relating to consultancy services in respect of the movie.

During the quarter ended December 31, 2014 the Company acquired Studioplex City, LLC, the sole asset of which was a two picture deal with director Penny Marshall.

The Company acquired Studioplex City, LLC with the issuance of 6,250 shares of Series B preferred stock. The shares were issued to Mr. Jake Shapiro, who was subsequently appointed Chairman of the Company. The shares were valued at $400.00 per share. At the time of the acquisition the Company had a market valuation of $359,765. Upon closing of the transaction the Series B preferred stock had 65% voting control of the Company. Accordingly the Company has valued the Film Asset as 65% of the value of the Company i.e. $259,062. As of the filing date, these shares represent 1.3% of voting rights in the Company.

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Going Concern (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Going Concern [Abstract]
Net loss	$ (1,897,590)	$ (1,287,812)	$ (5,153,309)	$ (1,379,937)
Net cash from operating activities			(819,919)	$ (608,434)
Working capital deficit			$ 3,807,273

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Site Development Costs (Details) - USD ($) shares in Millions	Feb. 10, 2015	Jun. 30, 2015	Sep. 30, 2014
Site Development Costs (Textual)
Site development cost		$ 210,865
Lease Purchase and Assignment Agreement [Member]
Site Development Costs (Textual)
Issuance of shares of Company's common stock	10
Medient liabilities	$ 10,000,000

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Eagle Productions

9 Months Ended

Jun. 30, 2015

Eagle Productions [Abstract]

EAGLE PRODUCTIONS

NOTE 16– EAGLE PRODUCTIONS

On February 27, 2015, the Company entered into a Rights Acquisition and Investment Agreement with Eagle Productions, LLC (“Eagle”) with a view to the Company investing in, co-producing and exploiting the motion picture currently titled Effa to be produced by Eagle. Under this agreement, the Company will acquire the worldwide distribution rights and will invest in the movie.  The Company will be the sole and exclusive beneficiary of the worldwide exploitation rights of the picture for all purposes, in perpetuity.  The Company will advance a portion of the budget of the picture, consisting of 166,666,667 in restricted common. On July 6, 2015, the Company filed a Form S-1 Registration statement for these shares, together with the additional 10,000,000 shares previously issued in relation to the acquisition of the capital lease for the property.

While Eagle was formed by the Company’s Chairman, Mr. Jake Shapiro, under the terms of the Rights Acquisition Agreement, Mr. Shapiro has assigned 99% of the distribution revenues to the benefit of the Company. Film producer Wendi Laski has been appointed as managing director of Eagle.

As per the Rights Acquisition Agreement, Eagle Productions has pledged its shares to the Board of Directors of the Registrant (Messrs. Roger Miguel, Jake Shapiro, and Joseph Giamichael).   If the Board of Directors cannot reach a majority, the chairman of the Board of Directors of the Registrant (Mr. Jake Shapiro) shall have the casting vote.

Medient Studios, Inc has approximately 3,000 shareholders of record and, all officers and directors have resigned.

Given that Eagle and the Company share common control, the consideration has been accounted for through Additional Paid In Capital.

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Convertible Notes Payable (Tables)

9 Months Ended

Jun. 30, 2015

Convertible Notes Payable\ Notes Payable [Abstract]

Schedule of convertible notes payable

			June 30, 2015										September 31, 2014
			$		$			$			$		$		$			$
Note Payable Current	Note Date	Maturity  Date	Face Value or O/S Amount		Principal Converted			Forgiveness of Debt			Net		Face  Value or O/S Amount		Principal Converted			Ending Face Value Balance
Loan #1	11/6/2103	8/8/2014		51,560		(51,560	)		-			-		128,500		(76,940	)		51,560
Loan #2	11/13/2013	11/12/2015		94,990		(94,990	)		-			-		94,990		-			94,990
Loan #3	1/24/2014	10/28/2014		78,500		(67,066	)		(11,434	)		-		78,500		-			78,500
Loan #4	4/11/2014	4/11/2015		103,000		(103,000	)		-			-		103,000		-			103,000
Loan #5	12/19/2014	12/19/2015		26,000		-			-			26,000		-		-			-
Loan #6	12/31/2014	12/31/2015		20,000		(20,000	)		-			-		-		-			-
Loan #7	2/5/2015	2/5/2016		100,000		-			-			100,000		-		-			-
Loan #8	2/5/2015	2/5/2016		450,000		(402,100	)		-			47,900		-		-			-
Loan #9	2/6/2015	2/6/2016		25,000		(25,000	)		-			-		-		-			-
Loan #10	2/17/2015	2/17/2016		35,000		-			-			35,000		-		-			-
Loan #11	3/9/2015	3/9/2016		53,880		(53,880	)		-			-		-		-			-
Loan #12	3/9/2015	3/9/2016		50,000		-			-			50,000		-		-			-
Loan #13	2/19/2015	11/23/2015		43,000		-			-			43,000		-		-			-
Loan #14	3/10/2015	3/10/2016		75,000		-			-			75,000		-		-			-
Loan #15	3/12/2015	3/12/2016		75,000		-			-			75,000		-		-			-
Loan #16	3/24/2015	3/24/2016		116,678		(1,000	)		-			115,678		-		-			-
Loan #17	3/24/2015	3/24/2016		50,000		-			-			50,000		-		-			-
Loan #18	3/27/2015	12/27/2015		53,000		-			-			53,000		-		-			-
Loan #19	4/9/2015	1/14/2016		38,000		-			-			38,000		-		-			-
Loan #20	4/13/2015	4/13/2016		75,000					-			75,000		-		-			-
Loan #21	4/27/2015	4/27/2016		50,000		-			-			50,000		-		-			-
Loan #22	5/7/2015	5/7/2016		55,000		-			-			55,000		-		-			-
Loan #23	5/11/2015	11/11/2015		50,000		-			-			50,000		-		-			-
Loan #24	5/20/2015	5/20/2016		50,000		-			-			50,000		-		-			-
Loan #25	6/24/2015	12/24/2015		30,000		-			-			30,000		-		-			-
TOTAL				1,848,608		(818,596	)		(11,434	)		1,018,578		404,990		(76,940	)		328,050

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Capital Lease (Details) shares in Millions		9 Months Ended
	Feb. 10, 2015 USD ($) shares	Jun. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Aug. 21, 2013 a
Capital Lease (Textual)
Capital lease obligation		$ 5,156,242
Payment of lease		$ 4,996,787
Weighted average cost of capital, discount rate		8.60%
Discount accretion		$ 159,455
Industrial Development Authority [Member]
Capital Lease (Textual)
Area of Land | a				1,560
Total rent		$ 10,000,000
Date of payment		Feb. 28, 2016
Additional rent expense		$ 90,000,000
Purchase of property, option		$ 100
Capital leases description		No interest is payable and no payments are due for the first two years, with the total rent of $10 million being paid in 18 equal annual installments, commencing February 28, 2016.
Term of rent payment under lease		Company is obligated to pay additional rent if it does not achieve the specified goals of $90 million in investment and 527 jobs on or before the end of year 5 (five).
Lease Purchase and Assignment Agreement [Member]
Capital Lease (Textual)
Common stock shares issued | shares	10
Medient liabilities	$ 10,000,000

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Related Party Notes Payable (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014	Aug. 05, 2014
Related party notes payable (Textual)
Amount for notes payable	$ 18,000	$ 18,000
Loan #1 Robert Lees [Member]
Related party notes payable (Textual)
Amount for notes payable			$ 18,000
Accrued interest rate			12.00%

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES
Net Loss	$ (5,153,309)	$ (1,379,937)
Adjustments to Reconcile Loss from Cash Flows Used in Operating Activities
Depreciation	2,080	3,348
Amortization of Debt Discount	928,027	296,396
Loss (Gain) on Derivative Liability	2,561,542	$ (321,206)
Make Whole Provision	333,333
Gain due to Forgiveness of Debt	(13,524)
Stock Based Compensation	109,424	$ 636,542
Loss on Settlement of Debt	$ 21,300
Loss (Gain) on Default Note Payable		$ (5,719)
Amortization of Debt Issuance Costs	$ 17,748
Original Issuance Discount	3,000
Capital Lease Accretion	159,455
Changes in Operating Assets and Liabilities
Inventory	9,007
Accrued Expenses	72,227
Prepaid Expenses and Other Current Assets	15,016	$ 143,707
Accounts Payable	114,755	18,435
Net Cash Used in Operating Activities	(819,919)	(608,434)
INVESTING ACTIVITIES
Purchase of Property and Equipment	(217,279)	(4,919)
Net Cash Used in Investing Activities	(217,279)	(4,919)
FINANCING ACTIVITIES
Proceeds from Notes Payable	$ 280,000	416,500
Repayments of Notes Payable		$ (53,000)
Proceeds from Notes Payable - Long Term	$ 78,000
Net Proceeds from Convertible Notes	922,000
Cash Paid for Debt Issuance Costs	$ (79,557)
Common and Preferred Stock Issued for Cash		$ 130,000
Common Stock Issued in Exercise of Options		90,000
Net Cash Provided by Financing Activities	$ 1,200,443	583,500
NET INCREASE (DECREASE) IN CASH	163,245	(29,853)
CASH AT BEGINNING OF PERIOD	15,643	54,197
CASH AT END OF PERIOD	$ 178,888	$ 24,344
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest
Cash paid for income taxes
NON - CASH INVESTING AND FINANCING ACTIVITY
Net Present Value of Capital Lease	$ 4,996,787
Write Off of Derivative Liability and Additional Paid - In Capital	2,051,908	$ 543,857
Debt Discount from Derivative Liability	1,399,558	410,489
Conversion of Notes and Accrued Interest	915,219	$ 181,220
Convertible Notes Assumed - Moon River Studios, Inc.	710,558
Stock Issued for Purchase of Film Assets	500,000
Preferred Stock Issued for Studioplex City, LLC	259,062
Shares Issued for Eagle Productions, LLC	166,667
Common Stock Issued to Settle Debt	100,000
Liabilities Assumed - Moon River Studios, Inc.	77,017
Reclassification of Convertible Note to Derivative	27,085
Note Payable Assumed by Third Party	19,000
Deemed Distribution - Shares Issued for Capital Lease	10,000
Debt Discount - Warrant Derivative	$ 5,999
Common Stock Issued for Related Party Debts		$ 195,719
Common Stock Issued for Settlement of Payroll Liability		86,000
Conversion of Accounts Payable to Notes Payable		12,500
Common Stock Issued in Settlement of Accounts Payable		$ 14,338
Original Issuance Discount	$ 25,000

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Notes Payable - Long Term

9 Months Ended

Jun. 30, 2015

Convertible Notes Payable\ Notes Payable [Abstract]

NOTES PAYABLE - LONG TERM

NOTE 5 – NOTES PAYABLE - LONG TERM

As of June 30, 2015 and September 30, 2014, the Company had total of $25,000, and $25,000 in outstanding Notes Payable – Long Term respectively.

Note Payable		Maturity	June 30,		September 30,
Current	Note Date	Date	2015		2014
			$		$
Loan #1	8/26/2014	8/27/2017		25,000		25,000
TOTAL				25,000		25,000

Loan #1 Ira Williams- long term convertible note 

On August 26, 2014 the Company entered into a $25,000 convertible debenture note agreement with an unrelated third party. The note accrues interest at a rate of 12 percent per annum and is due on August 25, 2017.  Pursuant to the terms of the note, the principal can be converted into shares of the Company’s common stock, at the option of the lender, at any time after six months and up to one year from the note date at a 20 percent discount to the market price of the shares.  The discount will be 25 percent if converted between one and two years, and will be 30 percent if converted after two years.  The maximum conversion price will be $0.50 per share.  During the period ended June 30, 2015 the lender converted $0 of the note principal into the Company’s common stock.  As of June 30, 2015, the entire principal balance remained outstanding and accrued interest on the note totaled $26,027

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Correction of Prior Quarter Information (Details) - USD ($)		9 Months Ended
	Dec. 07, 2014	Jun. 30, 2015	Dec. 31, 2014
Correction of Prior Quarter Information [Abstract]
Film asset value			$ 2,500,000
Preferred Stock, Voting Rights	Preferred shares carried super voting rights of 500 per share i.e. 3,125,000 votes.	Series B preferred stock had 65% voting control of the Company.
Business acquisition, number Series B preferred stock of shares issued	6,250
Business acquisition number of shares issued per share value	$ 400
Picture deal market valuation	$ 359,765
Film assert write down value	259,062
Additional paid in capital reduced value	$ 2,240,938
Voting rights on the filing date	1.30%

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Notes Payable (Tables)

9 Months Ended

Jun. 30, 2015

Convertible Notes Payable\ Notes Payable [Abstract]

Schedule of notes payable

Note Payable	Note	Maturity	$  Face Value or O/S		June 30,		September 30,
Current	Date	Date	Amount		2015		2014
					$		$
Loan #1	5/1/2012	Demand		-		-		19,000
Loan #2	12/22/2014	12/22/2015		-		-		-
Loan #3	2/10/2015	9/5/2015		-		-		-
Loan #4	1/19/2015	9/23/2015		30,000		30,000		-
Loan #5	4/29/2015	4/29/2016		78,000		78,000		-
Loan #6	6/4/2015	5/29/2016		275,000		275,000		-
TOTAL				383,000		383,000		19,000

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Notes Payable (Details Textual) - USD ($)				1 Months Ended		9 Months Ended		12 Months Ended
	Jun. 04, 2015	Feb. 10, 2015	Feb. 05, 2015	Feb. 17, 2015	Dec. 22, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014	Apr. 29, 2015	Jan. 19, 2015	Dec. 31, 2014	May. 01, 2012
Notes Payable (Textual)
Debt discount from derivative liability						$ 1,399,558	$ 410,489
Amortization of Debt Discount						928,027	$ 296,396
Unamortized debt discount						28,289		$ 0
Outstanding notes payable						354,711		19,000
Accrued interest						40,722		32,208
Debt conversion, converted instrument amount						$ (818,596)		(76,940)
Debt conversion, converted instrument, shares issued						45,240,647
Loss on Settlement of Debt						$ (21,300)
Loan #1 Jeffrey Olweean [Member]
Notes Payable (Textual)
Outstanding notes payable								19,000
Interest rate												10.00%
Accrued interest								$ 3,800			$ 4,758
Settlement of debt			$ 25,000
Loan #2 Dr. Yusuf Hameed [Member]
Notes Payable (Textual)
Outstanding notes payable
Interest rate					8.00%
Maturity date						Dec. 22, 2015
Short-term debt					$ 50,000
Convertible debt, terms of conversion feature					The note is convertible at the option of the lender at any time after 6 months from the date of the agreement. The note shall immediately convert upon the earlier of (a) a reverse split being effective or (b) an increase in authorized shares, at the lower of 70 percent of the thirty-day volume weighted average trading price of the Company's common stock, or $0.0003 per share (on a pre-reverse split basis).
Debt conversion, converted instrument, shares issued						1,550,000
Loss on Settlement of Debt						$ 21,300
Fair value of shares issued						$ 71,300
Shares issued, Price per share						$ 0.046
Remaining principal balance of note						$ 0
Loan #3 Dr. Yusuf Hameed [Member]
Notes Payable (Textual)
Outstanding notes payable
Interest rate		8.00%
Maturity date						Sep. 05, 2015
Short-term debt		$ 90,000
Convertible debt, terms of conversion feature		The note is convertible 30 days from the date of the note at price of the lower of (a) 30 day VWAP for 30 days subsequent to reverse stock split or $0.000175.
Debt conversion, converted instrument, shares issued						2,250,000
Remaining principal balance of note						$ 0
Loan #4 Ultimate Impressions, LLC dba ULT Consulting [Member]
Notes Payable (Textual)
Outstanding notes payable						$ 30,000
Interest rate										0.00%
Maturity date						Sep. 23, 2015
Short-term debt										$ 30,000
Remaining principal balance of note						$ 30,000
Loan #5 Robinson Belaustegui Sharp & Low [Member]
Notes Payable (Textual)
Outstanding notes payable						$ 78,000
Principal balance of notes payable									$ 40,517
Maturity date						Apr. 29, 2016
Short-term debt				$ 40,517					78,000
Convertible debt, terms of conversion feature				The promissory note bears no interest per annum, due 36 months after date of issuance.
Additional borrowing									$ 37,483
Loan #6 SBI Investments, LLC [Member]
Notes Payable (Textual)
Debt discount from derivative liability	$ 5,999					$ 30,999
Amortization of Debt Discount						2,710
Unamortized debt discount						28,289
Outstanding notes payable						$ 275,000
Interest rate						22.00%
Maturity date						May 29, 2016
Convertible debt, terms of conversion feature	Purchased an Original Issue Discount 5% Secured Promissory Note (the "Note"). Additionally, the Company issued Common Stock Purchase Warrants to SBI for 500,000 shares of common stock exercisable at $0.015 per share for a three (3) year period.					Purchased for $250,000, bears interest at five (5%) percent per annum, and is paid over four quarters beginning August 29, 2015
Debt conversion, converted instrument amount						$ 0
Conversion of shares						1,875
Convertible note conversion, description						(i) the failure to make a principal or interest payment; (ii) the Company's breach of any material covenant, representation or warranty with respect to the Note or other agreement with SBI; (iii) the appointment of a receiver or trustee for the Company, or the commencement of a bankruptcy, liquidation or insolvency proceeding; (iv) the default by the Company under other debt instruments; or (v) the change of control of the Company, the Note becomes immediately due and payable and the Company shall pay to SBI 125% of the sum of the then outstanding principal on the Note, together with default interest.
Remaining principal balance of note						$ 275,000

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Contingent Liabilities

9 Months Ended

Jun. 30, 2015

Contingent Liabilities [Abstract]

CONTINGENT LIABILITIES

NOTE 15 – CONTINGENT LIABILITIES

The Company has guaranteed a loan from AMAG to Moon River Studios, Inc. in relation to the movie Yellow. The loan is intended to be repaid by Moon River Studios, Inc. from the proceeds derived from the exploitation of the movie. As at June 30, 2015, the amount outstanding was $338,633 and accrues interest at 12% per annum.

The Company also guaranteed other costs in relation to the movie Yellow in the amount of $450,000. The Company may guarantee and / or assume further debts of Yellow, in anticipation of the commercial exploitation of the movie. Any further guarantee or assumption of debt will be disclosed by the Company at that time. The Company also guaranteed a further $90,000 in respect of the lease of the property.