6. DISCONTINUED OPERATIONS

3 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

6. DISCONTINUED OPERATIONS

NOTE 6– DISCONTINUED OPERATIONS

Cloud MD Sale

The Company’s Board of Directors believed that it was in the best interest of the Company to discontinue the former business operation Cloud MD. During September 2015, the Cloud MD business segment was discontinued and a plan of sale of the segment was approved. The Cloud MD sale occurred in October 2015 as a $250,000 note payable from the buyer. The note receivable has five annual payments of $50,000 and carries interest of 3% a year. We reviewed the need for an allowance for loan loss and estimation of impairment of the note receivable based on professional relationship and experience with the buyer and the specifics of the agreements. Currently, no allowance is deemed necessary and no impairment is expected as collection seems reasonably assured. Accordingly, the assets, which had a net book value of zero as of September 30, 2015, qualified as held for sale and the Company has presented Cloud MD as discontinued operations.  Discontinued revenue for 2014 consisted of $12,779 revenue from D&A and $431 of revenues associated with Cloud MD. Discontinued operating expenses for 2014 consisted of $13,493 operating expenses from D&A and $68,070 from Cloud MD.

Details of the classifications for revenues, operating expenses and operations are shown below.

	Period ended    December 31,
	2015		2014
Discontinued operations:
Revenues	$	—	$	13,210
Operating expenses		—		81,563
Gain from discontinued operations		250,000
Income(loss) from discontinued operations	$	250,000	$	(68,353	)

	Dec 31, 2015		Sep 30, 2015
Net assets attributable to discontinued operations:		—		—
Intangible Software		—		3,232
Net liabilities of discontinued operations		18		18