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Stockholders' Equity
3 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

Note 6. Stockholders’ Equity

 

Conversion to Common Stock

 

During the three months ended December 31, 2015, we issued 945,125 shares of common stock as a result of conversions of principal and accrued interest on convertible notes payable in the total amount of $31,666. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

 

Imputed Interest

 

During three months ended December 31, 2015 and 2014, the Company recognized imputed interest of $993 and $1,843, respectively, as an increase to shareholders’ equity.