Transition report pursuant to Rule 13a-10 or 15d-10

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Sep. 30, 2015
Current Assets:    
Cash $ 205,133 $ 207,740
Restricted Cash 3,003,226 0
Accounts receivable, net 1,446,480 1,215,445
Other current assets 2,047,606 2,052,583
Total current assets 6,702,445 3,475,768
Property and equipment, net 2,544,497 1,419,040
Total Assets 9,246,942 4,894,808
Current Liabilities:    
Factor line of credit 0 600,554
Accounts payable 2,998,240 2,476,902
Due to related parties 245,764 183,538
Accrued expenses and other current liabilities 3,578,945 2,965,290
Notes payable, current portion 1,887,120 1,295,271
Notes payable, related parties, current portion 287,301 287,301
Accrued lease termination costs 0 113,000
Accrued litigation costs 1,335,771 1,840,891
Total Current Liabilities 10,333,141 9,762,747
Notes payable, non-current portion 1,572,063 4,571,402
Senior note payable, non current portion, net of original issue discount and deferred costs 6,846,110 0
Accrued interest, non-current portion 0 1,686,256
Total Liabilities 18,751,314 16,020,405
Temporary equity:    
Temporary Equity, Carrying Amount, Attributable to Parent $ 437,380 $ 0
Commitments and contingencies
Stockholders' Deficiency:    
Common stock; $0.001 par value, 70,000,000 shares authorized and 46,386,220 and 45,333,475 shares issued and outstanding at December 31, 2015 and September 30, 2015, respectively $ 46,387 $ 45,333
Additional paid-in capital 3,009,007 2,522,643
Subscriptions receivable (204,789) (349,789)
Accumulated deficit (12,815,929) (13,362,100)
Total Stockholders' Deficiency (9,941,752) (11,125,597)
Total Liabilities and Stockholders' Deficiency 9,246,942 4,894,808
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]    
Temporary equity:    
Temporary Equity, Carrying Amount, Attributable to Parent 129,027 0
Stockholders' Deficiency:    
Preferred Stock 18,308 18,308
Total Stockholders' Deficiency 18,308 18,308
Series F Convertible Preferred Stock [Member]    
Temporary equity:    
Temporary Equity, Carrying Amount, Attributable to Parent 308,353 0
Stockholders' Deficiency:    
Preferred Stock 5,256 0
Total Stockholders' Deficiency $ 5,256 $ 0