Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Current Assets:    
Cash $ 207,740 $ 1,254
Accounts receivable, net 1,215,445 1,904,770
Other current assets 1,912,584 654,618
Deferred financing costs 64,166 0
Total current assets 3,399,935 2,560,642
Property and equipment, net 1,419,040 87,318
Deferred financing costs, non-current portion 75,833 0
Total Assets 4,894,808 2,647,960
Current Liabilities:    
Accounts payable 2,476,901 1,521,789
Due to related party 183,538 0
Accrued expenses and other current liabilities 2,965,290 1,219,849
Factoring lines of credit 600,554 984,236
Notes payable, current portion 1,295,271 945,970
Notes payable, related party 287,302 497,604
Accrued lease termination costs 113,000 406,544
Accrued litigation costs 1,840,891 1,848,226
Total Current Liabilities 9,762,747 7,424,218
Notes payable, non-current portion 4,571,402 3,550,012
Accrued interest, non-current portion 1,686,256 1,153,754
Total Liabilities $ 16,020,405 $ 12,127,984
Commitments and contingencies
Stockholders’ Deficiency:    
Common stock; $0.001 par value, 70,000,000 shares authorized and 45,333,475 and 39,987,080 shares issued and outstanding at September 30, 2015 and September 30, 2014, respectively $ 45,333 $ 39,987
Additional paid-in capital 2,522,643 930,227
Subscriptions receivable (349,789) (660,000)
Accumulated deficit (13,362,100) (9,807,186)
Total Stockholders’ Deficiency (11,125,597) (9,480,024)
Total Liabilities and Stockholders’ Deficiency 4,894,808 2,647,960
Series A Convertible Preferred Stock [Member]    
Stockholders’ Deficiency:    
Preferred Stock 5 5
Total Stockholders’ Deficiency 5 5
Series A-1 Convertible Preferred Stock [Member]    
Stockholders’ Deficiency:    
Preferred Stock 3 3
Total Stockholders’ Deficiency 3 3
Series D Convertible Preferred Stock [Member]    
Stockholders’ Deficiency:    
Preferred Stock 18,308 16,940
Total Stockholders’ Deficiency $ 18,308 $ 16,940