Stockholders' Equity

9 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 8. Stockholders’ Equity

Common Stock issued for conversion of Series B Preferred Stock

During the nine months ended June 30, 2018, the Company issued 2,400,000 shares of common stock upon conversion of the Series B Preferred Stock. A loss of $7,250 was recognized and is recorded in Additional paid-in capital on the consolidated balance sheet.

During the nine months ended June 30, 2018, the Company issued 2,500,000 shares of common stock upon conversion of 25,000 shares of Series F Preferred Stock. There was no gain or loss recognized on this transaction.

Common stock issued for conversion of convertible note payable

During nine months ended June, 2018, the Company issued 6,000,000 shares of common stock upon the conversion of principal of $0. A loss of $328,200 was recognized on the transaction because it occurred after all debt had been fully converted as of September 30, 2017. This is recorded under additional paid-in capital.

During nine months ended June, 2018, the Company issued 6,043,439 shares of common stock upon the conversion of principal of $53,000. The Company recorded a loss in the amount of $8,046 on this transaction.