XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accounting Policies and Basis of Presentation (Tables)
9 Months Ended
Jun. 30, 2016
Accounting Policies and Basis of Presentation [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis

 

  Level 1  Level 2  Level 3  Total 
Assets            
Cash and cash equivalents $5,410  $-  $-  $5,410 
Total assets measured at fair value $5,410  $-  $-  $5,410 
                 
Liabilities                
Derivative instruments $-  $724,729  $-  $724,729 
Total liabilities measured at fair value $-  $724,729  $-  $724,729 

 

 

  Level 1  Level 2  Level 3  Total 
Assets            
Cash  and cash equivalents $273,904  $-  $-  $273,904 
Total assets measured at fair value $273,904  $-  $-  $273,904 
                 
Liabilities                
Derivative instruments $-  $1,672,726  $-  $1,672,726 
Total liabilities measured at fair value $-  $1,672,726  $-  $1,672,726
Schedule of reconcilliation of net income available to common shareholders

  For the
Three Months
Ended
 
  June 30,
2016
 
Weighted average common shares outstanding used in calculating basic earnings per share  215,717,808 
Effect of preferred stock  500,000 
Effect of convertible notes payable  881,166,280 
Weighted average common and common equivalent shares used in calculating diluted earnings per share  1,097,384,088 
     
Net income as reported $1,434,703 
Add - interest on convertible notes payable  408,419 
Net income available to common stockholders $1,843,122 

  For the
Nine Months
Ended
 
  June 30,
2015
 
Weighted average common shares outstanding used in calculating basic earnings per share  11,253,868 
Effect of preferred stock  500,000 
Effect of convertible notes payable  1,924,046 
Effect of options and warrants  197,012 
Weighted average common and common equivalent shares used in calculating diluted earnings per share  13,874,926 
     
Net income as reported $232,002 
Add - interest on convertible notes payable  427,240 
Net income available to common stockholders $659,242
Schedule of securities to be included in diluted share calculation
    For the 
Nine Months
Ended
 
    June 30,  
    2016  
Series A Preferred stock     500,000  
Convertible notes    

881,166,280

 
      881,666,280
Schedule of weighted average variables used in Black Scholes model
Nine Months
Ended
March,
 Stock Price at
Grant Date
  Dividend
Yield
  Exercise
Price
  Risk Free
Interest Rate
  Volatility  Average
Life
 
2016  n/a   n/a   n/a   n/a   n/a   n/a 
2015 $0.73   n/a  $0.73   2.2%  380%  10.0