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EQUITY
12 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
NOTE 11 - EQUITY

On December 23, 2013 the Company issued 2,483,334 shares of common stock with a value of $34,523 for debt.

 

On March 19, 2014 the Company issued 34,287 shares of common stock with a value of $60,002 for debt.

 

On March 26, 2014 the Company issued 14,433 shares of common stock with a value of $87,501 which was offset against the liability "shares to be issued" of $88,125. The difference of $624 was offset against interest expense.

 

On November 18, 2014 the Company issued 3,000 shares with a value of $15,750 to one individual for the settlement of $12,165 of accounts payable .The Company computed the fair value of the stock issued for the debt and recorded a loss on settlement of accounts payable of $3,585

 

On January 15, 2015 the Company issued 40,000 shares of common stock to an officer with a value of $240,000 for service.

 

On January 15, 2015 the Company issued 2,000 shares to an individual with a value of $12,000 for service.

 

On January 19, 2015, the Company the Company issued 800,000 shares of common stock with a value of $10,000 for debt.

 

During the year ended September 30, 2015, the Company settled certain accounts payable due to a former related party for $60,000 less that the amount of the debt. Since this gain was related to a settlement with a related party at the time of settlement, the gain has been recorded directly to additional paid in capital.