Convertible Notes Payable (Tables)

9 Months Ended

Jun. 30, 2014

Convertible notes payable consists of the following as of June 30, 2014 and September 30, 2013:


	June 30, 2014			September 30, 2013
Convertible note payable in the original principal amount of $329,050 due on February 28, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.04 per share.	$	-		$	283,103
Convertible note payable in the original principal amount of $109,565 due on June 30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.04 per share.		109,296			190,565
Convertible note payable in the original principal amount of $528,434 due on September 30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.04 per share.		528,434			528,434
Convertible note payable in the original principal amount of $276,825 due on June 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share.		276,285			-
Total convertible notes payable	$	914,015		$	1,002,102

Less: current portion of convertible notes payable		(109,296	)		-
Less: discount on noncurrent convertible notes payable		(607,087	)		(925,840	)
Long-term convertible notes payable, net of discount	$	$197,632		$	76,262

Convertible Note Payable February 28, 2013 [Member]

Debt Instrument [Line Items]

Schedule of Notes Payable Converted

During nine months ended June 30, 2014, the holders of the Convertible Note Payable dated February 28, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.04 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement, which provided for conversion at $0.04 per share.


Date	Amount Converted		Number of Shares Issued	Unamortized Discount
October 25, 2013	$	20,000	500,000	$	14,119
October 31, 2013		20,000	500,000		15,961
December 10, 2013		10,000	250,000		5,818
December 12, 2013		20,000	500,000		15,717
December 27, 2013		20,000	500,000		15,083
February 7, 2013		20,000	500,000		13,028
March 3, 2014		24,000	600,000		16,222
March 4, 2014		24,000	600,000		16,967
April 1, 2014		24,000	600,000		15,637
April 14, 2014		28,000	700,000		18,761
April 25, 2014		24,000	600,000		15,699
May 15, 2014		32,000	800,000		20,181
May 21, 2014		29,852	746,296		17,578
Total	$	295,852	7,396,296	$	200,771

Convertible Note Payable June 30, 2013 [Member]

Debt Instrument [Line Items]

Schedule of Notes Payable Converted

During nine months ended June 30, 2014, the holders of the Convertible Note Payable dated June 30, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.04 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement, which provided for conversion at $0.04 per share.


Date	Amount Converted		Number of Shares Issued	Unamortized Discount
June 16, 2014	$	32,000	800,000	$	7,699
June 17, 2014		32,000	800,000		16,525
June 26, 2014		36,000	900,000		18,816
Total	$	100,000	2,500,000	$	43,040