XML 20 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (8,255,367) $ (4,053,212)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Amortization of debt discount 1,347,540 533,749
Amortization of financing fees 0 100,000
Common stock issued for services 368,658 299,400
Common stock issued for officers' and directors' fees 0 107,000
Common stock issued for convertible debt default 109,600 0
Common stock issued for financing fees 27,250 0
Preferred stock issued for financing fees 207,500 0
Preferred stock issued for services 691,214 0
Loss on issuance of convertible debt 3,274,483 1,791,189
Loss (gain) on revaluation of derivative liability 525,523 (646,389)
Loss on extinguishment of debt 30,128 55,703
Loss on disposal of subsidiary 0 303,327
Loss on acquisition of subsidiary 0 76,900
Financing fees for conversion of preferred stock 12,500 0
Changes in assets and liabilities:    
Decrease (increase) in prepaids (15,000) 0
Increase (decrease) in accounts payable (21,019) 40,416
Increase (decrease) in accrued interest 163,868 35,183
Increase (decrease) in deferred payroll 0 (14,536)
Increase (decrease) in accrued expense 405,000 283,833
Increase (decrease) in prepaid revenue 5,315 0
Net cash used by operating activities (1,087,108) 1,087,437
CASH FLOWS FROM INVESTING ACTIVITIES: 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock and warrants 0 193,000
Proceeds from sale of preferred stock 25,000 0
Proceeds from convertible debt, net 1,636,402 948,944
Proceeds from note payable-related party 0 1,293
Payment of convertible debt (91,083) (43,000)
Proceeds from assignment of receivables 59,851 0
Payment on assignment of receivables (95,550) 0
Net cash provided by financing activities 1,536,282 1,100,237
INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS 449,174 12,800
Cash, beginning of period 14,700 1,900
Cash, end of period 463,874 14,700
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 0 0
Income taxes paid 0 0
Derivative liabilities 1,095,078 835,415
Common stock issued to retire convertible notes $ 1,209,617 $ 0