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UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Sep. 30, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 2,638,658 $ 1,739,174
Accounts receivable trade 0 2,453
Due from related party (Note 3) 311,163 263,079
Inventories 66,359 60,697
Prepaid expenses and other current assets 65,087 44,597
Total current assets 3,081,267 2,110,000
OTHER NON-CURRENT ASSETS:    
Vessel, net of accumulated depreciation of $478,877 and $627,353, respectively (Note 5) 6,921,928 7,070,404
Deferred charges, net of accumulated amortization of $341,080 and $545,728, respectively (Note 4) 238,746 443,394
Total other non-current assets, net 7,160,674 7,513,798
Total assets 10,241,941 9,623,798
CURRENT LIABILITIES:    
Accounts payable 139,790 33,483
Deferred revenue 85,104 0
Accrued liabilities (including $0 and $2,262, respectively, to related party ) (Note 3) 210,054 115,733
Total current liabilities 434,948 149,216
Commitments and contingencies (Note 8)
SHAREHOLDERS' EQUITY:    
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 2,400,000 shares, issued and outstanding (Note 6) 2,400 2,400
Additional paid-in capital (Note 6) 7,612,108 7,612,108
Retained earnings 2,191,993 1,859,582
Total shareholders' equity 9,806,993 9,474,582
Total liabilities and shareholders' equity 10,241,941 9,623,798
Series A Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares 480 480
Series B Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares $ 12 $ 12