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BALANCE SHEETS (06/30/2012 Unaudited, 09/30/2011 Audited) (USD $)
Jun. 30, 2012
Sep. 30, 2011
Cash and cash equivalents $ 2,422 $ 15,332
Restricted cash   13,491
Trade Receivables   580
Total current assets: 2,422 15,912
Fixed assets at cost 29,010 69,057
(Less) depreciation (16,421) (44,597)
Total fixed assets: 12,589 24,460
Finance contract receivables, net of collections 8,002 75,879
Non-marketable securities 2,000  
Proceeds due from Sale of Assets 14,500  
Total other assets: 24,502 75,879
TOTAL ASSETS 39,513 116,251
Accounts payable - trade and taxes 137,768 163,103
Credit lines payable   18,360
Notes payable other - current portion 3,694 3,462
Notes payable related party 138,337 87,011
Investment payable 2,000  
Convertible debentures payable - defaulted   50,000
Accrued interest payable-debentures - defaulted   25,611
Total current liabilites 281,799 347,547
Notes payable other - long term portion 6,246 9,127
TOTAL LIABILITIES 288,045 356,674
Preferred stock 0 [1] 178 [2]
Preferred stock - ISA Acceptance Corporation $ 0 [3] $ 560,000 [4]
Common Stock, Value 4,888 [5] 2,400 [6]
Additional paid-in capital 11,475,856 10,795,328
Accumulated deficit (11,191,776) (11,060,829)
Treasury stock (537,500) (537,500)
Total stockholders' equity (248,532) (240,423)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 39,513 $ 116,251
[1] 12% cumulative convertible, $.0001 par, 30,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2012
[2] 12% cumulative convertible, $.0001 par, 30,000,000 shares authorized, 1,781,000 shares issued and outstanding at September 30, 2011
[3] $25 par, 50,000 shares authorized, 0 shares issued and outstanding at June 30, 2012
[4] $25 par, 50,000 shares authorized, 22,400 shares issued and outstanding at September 30, 2011
[5] $.0001 par, 300,000,000 shares authorized, 48,874,912 shares issued and outstanding at June 30, 2012
[6] $.0001 par, 300,000,000 shares authorized, 23,999,612 shares issued and outstanding at September 30, 2011