v3.10.0.1
Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2018
Sep. 30, 2018
Current assets    
Cash $ 13,052,481 $ 14,056,346
Prepaid expenses 56,995
Total current assets 13,109,476 14,056,346
Other assets 12,218 12,218
Fixed assets, net 35,988 20,050
Total assets 13,157,682 14,088,614
Current liabilities    
Accounts payable and accrued liabilities 91,782 52,043
Accrued compensation 153,765 72,489
Total current liabilities 245,547 124,532
Commitments and contingencies (Note 5)
Series A convertible preferred stock, $0.01 par value, 10,000,000 shares authorized; 1,000,000 issued and outstanding as of December 31, 2018 and September 30, 2018 10,000 10,000
Common stock, $0.01 par value, 650,000,000 shares authorized; 40,763,917 and 40,743,917 issued and outstanding as of December 31, 2018 and September 30, 2018, respectively 407,638 407,438
Additional paid-in capital 68,208,957 68,169,157
Accumulated deficit (55,714,460) (54,622,513)
Total stockholders' equity 12,912,135 13,964,082
Total liabilities and stockholders' equity $ 13,157,682 $ 14,088,614
v3.10.0.1
Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]    
Revenues $ 115,642
Cost of revenues 30,300
Gross profit 85,342
Operating expenses    
General and administrative 532,974 183,920
Sales and marketing 213,975 22,967
Research and development 345,895 114,852
Total operating expenses 1,092,844 321,739
Operating loss (1,092,844) (236,397)
Other income (expenses)    
Loss on extinguishment of convertible notes (358,038)
Excess fair value of derivatives in convertible note (486,745)
Change in fair value of embedded conversion features in convertible notes (135,932)
Interest income (expense), net 897 (196,036)
Net loss $ (1,091,947) $ (1,413,148)
Net loss per common share - basic and diluted $ (0.03) $ (0.21)
Weighted average common shares outstanding - basic and diluted 40,762,159 6,712,339
v3.10.0.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,091,947) $ (1,413,148)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 1,781 1,381
Stock-based compensation 10,000
Stock issued for services 40,000
Loss on extinguishment of convertible notes 358,038
Excess fair value of derivatives in convertible note 486,745
Change in fair value of embedded conversion features in convertible notes 135,932
Debt discount amortization 183,345
Changes in operating assets and liabilities:    
Prepaid expenses (56,995)
Accounts payable and accrued liabilities 39,739 (19,513)
Accrued compensation 81,276 1,396
Deferred revenue (115,642)
Net cash used in operating activities (986,146) (371,466)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (17,719)
Net cash used in investing activities (17,719)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common stock issued for cash 57,200
Proceeds from convertible note, net 242,600
Net cash provided by financing activities 299,800
DECREASE IN CASH (1,003,865) (71,666)
CASH, BEGINNING OF PERIOD 14,056,346 227,396
CASH, END OF PERIOD $ 13,052,481 $ 155,730