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Subsequent Events
12 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

Note 11. Subsequent Events

 

On November 2, 2023, the Company entered into a consulting agreement with Advanced Innovate Partners (“AIP”) under which AIP will provide advice to GlobeStar and SMIHC on the global design, strategy and execution of clinical trials. Pursuant to the agreement, the Company will pay the following (i) AIP $5,000 per month during Phase A period, if the Company receives regulatory approval to manufacture, sell and distribute products in India or the United States within 60 days of the agreement (ii) AIP $6,000 per month during Phase B period (iii) AIP a sales commission of between 10% and 15% related to any customers, distributors or sales agents introduced to the Company by AIP and (iv) a commission of 4% of any proceeds from equity investments to the Company introduced by AIP, or 2% of any loan proceeds from lenders introduced by AIP.

 

Subsequent to September 30, 2023, the holder of the May 10, 2023 convertible note was issued 30,297,790 shares of common stock upon conversion of all $21,300 of principal and $1,278 of accrued interest.