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Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Revenue - related party $ 4,800,000 $ 4,800,000 $ 14,400,000 $ 14,400,000
COST OF REVENUE        
Cost of revenue - related party 4,725,000 4,725,000 14,175,000 14,175,000
GROSS PROFIT 75,000 75,000 225,000 225,000
OPERATING EXPENSES:        
Compensation and related benefits 10,000 108,751 144,179 235,104
Bad debt expense 40,000
Other general and administrative 52,222 97,953 192,062 303,815
Other general and administrative - related party 30,000 123,500
Total operating expenses 62,222 236,704 336,241 702,419
INCOME (LOSS) FROM OPERATIONS 12,778 (161,704) (111,241) (477,419)
OTHER INCOME (EXPENSE):        
Interest expense on redeemable preferred stock (938) (937) (2,813) (2,812)
Amortization of debt discount (572) (572) (1,717) (1,717)
Gain on digital currency 224 94,297 18,112 62,229
Total other (expense) income, net (1,286) 92,788 13,582 57,700
INCOME (LOSS) BEFORE INCOME TAXES 11,492 (68,916) (97,659) (419,719)
INCOME TAXES
NET INCOME (LOSS) $ 11,492 $ (68,916) $ (97,659) $ (419,719)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic $ 0.00 $ (0.00) $ (0.00) $ (0.00)
Diluted $ 0.00 $ (0.00) $ (0.00) $ (0.00)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 230,485,100 230,485,100 230,485,100 230,485,100
Diluted 231,735,100 230,485,100 230,485,100 230,485,100