Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY DEFICIENCY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY DEFICIENCY - USD ($)
Total
Series A Convertible Preferred Stock [Member]
Series A-1 Convertible Preferred Stock [Member]
Series D Convertible Preferred Stock [Member]
Common Stock [Member]
Paid In Capital [Member]
Subscriptions Receivable [Member]
Accumulated Deficit [Member]
Balance at Sep. 30, 2013 $ (10,646,261) $ 5 $ 3 $ 12,500 $ 39,987 $ 0 $ (376,052) $ (10,322,704)
Balance (in shares) at Sep. 30, 2013   500 295 1,250,011 39,987,080      
Issuance of preferred shares as compensation 116,680 $ 0 $ 0 $ 292 $ 0 116,388 0 0
Issuance of preferred shares as compensation (in shares)   0 0 29,170 0      
Proceeds from sale of preferred shares, net 613,600 $ 0 $ 0 $ 4,148 $ 0 893,400 (283,948) 0
Proceeds from sale of preferred shares, net (in shares)   0 0 414,800 0      
Dividends accrued on preferred stock (79,561) $ 0 $ 0 $ 0 $ 0 (79,561) 0 0
Net income 515,518 0 0 0 0 0 0 515,518
Balance at Sep. 30, 2014 (9,480,024) $ 5 $ 3 $ 16,940 $ 39,987 930,227 (660,000) (9,807,186)
Balance (in shares) at Sep. 30, 2014   500 295 1,693,981 39,987,080      
Issuance of preferred shares as compensation 51,156              
Preferred shares issued for cash 430,683 $ 0 $ 0 $ 1,951 $ 0 778,521 (349,789) [1] 0
Preferred shares issued for cash (in shares)   0 0 195,118 0      
Preferred shares issued as incentive for forbearance 50,000 $ 0 $ 0 $ 125 $ 0 49,875 0 0
Preferred shares issued as incentive for forbearance (in shares)   0 0 12,500 0      
Preferred shares issued to settle rent obligation 50,000 $ 0 $ 0 $ 125 $ 0 49,875 0 0
Preferred shares issued to settle rent obligation (in shares)   0 0 12,500 0      
Preferred shares issued to vendors and others 473,328     $ 1,183 $ 0 472,145 0 0
Preferred shares issued to vendors and others (in shares)       118,332 0      
Cancellation of preferred shares 0 $ 0 $ 0 $ (2,016) $ 0 2,016 0 0
Cancellation of preferred shares (in shares)   0 0 (201,672) 0      
Common shares issued as incentive for forbearance 51,156 $ 0 $ 0 $ 0 $ 5,116 46,040 0 0
Common shares issued as incentive for forbearance (in shares)   0 0 0 5,115,562      
Collection of subscriptions receivable 660,000 $ 0 $ 0 $ 0 $ 0 0 660,000 0
Accumulated dividends cancelled for preferred shares converted to common stock 273,735 0 0 0 0 273,735 0 0
Dividends accrued on preferred stock (79,561) 0 0 0 0 (79,561) 0 0
True-up to transfer agent’s records 0 $ 0 $ 0 $ 0 $ 230 (230) 0 0
True-up to transfer agent’s records (in shares)   0 0 0 230,833      
Net income (3,554,914) $ 0 $ 0 $ 0 $ 0 0 0 (3,554,914)
Balance at Sep. 30, 2015 $ (11,125,597) $ 5 $ 3 $ 18,308 $ 45,333 $ 2,522,643 $ (349,789) $ (13,362,100)
Balance (in shares) at Sep. 30, 2015   500 295 1,830,759 45,333,475      
[1] Value of shares issued of $780,472, less $430,683 expenses paid from proceeds on behalf of the company by the underwriter.