6. Stockholders' Deficit

3 Months Ended

Dec. 31, 2015

Equity [Abstract]

Stockholders' Deficit

The Company has authorized 1,600,000,000 shares of Common Stock, $0.001 par value. As of December 31, 2015 and September 30, 2015, the Company had 8,648,808 shares of Common Stock issued and 8,638,750 shares outstanding.

Pursuant to the Agreement dated July 24, 2013, the Company was obligated to issue 896,667 restricted shares of its common stock to AMSA in exchange for 402,300 shares of TOSS Plasma Technologies Ltd. (“TPT”). The value of the shares of $7,173, or $0.008 per share, was based on the price of shares previously sold to investors and is included in common stock issuable in the balance sheet at September 30, 2014. During the year ended September 30, 2014, 10,058 of the shares due to AMSA were issued, reducing the amount of common stock issuable to $7,093 at September 30, 2014.

On September 10, 2015, the Company and AMSA entered into a Rescission Agreement to fully rescind the previous acquisition agreement of shares of TPT. As a result of the Rescission Agreement, The $7,093 of common stock issuable was reduced to $-0- at September 30, 2015 and AMSA returned the 10,058 shares previously issued to them. The returned shares are included Treasury stock at their cost of $80 at December 31, 2015 and September 30, 2015.

During the three months ended December 31, 2015, the Company received a $25,000 subscription for the purchase of 1,562,500 shares. As the shares had not been issued as of December 31, 2015, the $25,000 balance is included in common stock issuable in the balance sheet at December 31, 2015.