XML 12 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net loss $ (392,684) $ (263,168)
Adjustments to reconcile net loss from operations:    
Amortization expense 21,344 21,343
Common stock issued for services 107,536 2,870
Amortization of debt discount 21,773 24,879
Expenses paid by convertible note holders 25,000 18,000
Derivative expense 37,143  
Asset impairment 73,000  
Change in operating assets and liabilities:    
Increase in accounts receivable (28) (75)
Increase in accounts payable to a related party 46,769  
Increase in accrued interest 2,700 3,572
Increase in accounts payable and accrued liabilities 51,803 45,953
Net cash used in operating activities (5,644) (146,626)
INVESTING ACTIVITIES    
Investment in securities, at cost (3,000)  
Net cash used in investing activities (3,000)  
FINANCING ACTIVITIES    
Proceeds from stock subscriptions payable 6,000  
Proceeds from convertible notes payable   88,000
Net cash provided by financing activities 6,000 88,000
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,644) (58,626)
CASH AND CASH EQUIVALENTS -BEGINNING OF PERIOD $ 2,644 75,393
CASH AND CASH EQUIVALENTS -END OF PERIOD   $ 16,767
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest
Cash paid for taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in exchange for convertible note payable $ 36,347  
Beneficial conversion feature   $ 72,264
Common stock issued for subscriptions payable 177,000  
Debt discount for derivative liability on convertible notes 147,911  
Convertible note issued for license agreement with related party $ 250,000