Note 6 - Stockholders' Equity

3 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

6 . Stockholders’ Equity

Preferred Stock

As of

December 31, 2019

and

September 30, 2019,

we were authorized to issue a total

1,000,000

shares of preferred stock. There were

no

shares of Preferred Stock issued or outstanding as of

December 31, 2019

and

September 30, 2019.

Common Stock

As of

December 31, 2019

and

September 30, 2019,

we were authorized to issue a total of

125,000,000

shares of common stock, and there were

33,870,520

shares issued and outstanding.

Pursuant to the Contribution Agreement in

2018,

we issued

29,236,759

shares of our common stock, in the aggregate, to Mastermind Marketing, Inc, a Georgia Corporation, Digital Advize, LLC, a Georgia limited liability company, and Villanta Corporation, a Georgia Corporation. These

three

entities are controlled by Daniel A. Dodson, Ricardo Rios, and Michael Gelfond; respectively. Messrs. Dodson, Rios and Gelfond were appointed as our executive officers upon the consummation of the Contribution Agreement.

Common Stock Options

As of

December 31, 2019

and

September 30, 2019,

there were fully-vested, non-qualified stock options exercisable by our former chief executive officer and sole director into

525,667

shares of our common stock at an exercise price of

$0.15

per share. There were

no

stock options exercised or issued during the

three

months ended

December 31, 2019

and

December 31, 2018.

A

2018

Equity Incentive Plan consisting of

four million

(

4,000,000

) shares of Common Stock was also adopted by written consent of holders of

85%

of the voting securities.

No

options or shares have been issued under this plan as of

December 31, 2019

and

September 30, 2019.