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EXCEL - IDEA: XBRL DOCUMENT - Independent Film Development CORPFinancial_Report.xls
10-K - FORM 10-K - Independent Film Development CORPiflm.htm
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EX-31 - EXHIBIT 31.1 - Independent Film Development CORPex311.htm
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v2.4.0.6
Balance Sheets (USD $)
Sep. 30, 2012
Sep. 30, 2011
ASSETS    
Cash    $ 5,222
Total Current Assets    5,222
Other Assets    
Website property    350,000
Total Assets    355,222
Current Liabilities    
Bank overdraft 2   
Accounts payable 18,862 18,228
Accounts payable, related party 20,270 25,270
Accrued officer compensation 347,976 218,450
Accured interest and penalties 134,266 8,824
Advances from officers 9,127 7,837
Due to a related party 2,960 790
Derivative liability 468,884 116,504
Convertible debentures in default (net of discount of $170,477 and $55,998, respectively) 759,073 309,002
Total Liabilities 1,761,420 704,905
Stockholders' Equity (Deficit)    
Common stock , $.0001 par value, 485,000,000 shares authorized, 29,286,375 and 24,120,991 issued and outstanding, respectively 2,929 2,412
Additional paid in capital 3,306,110 2,826,660
Common stock payable 751,650 779,000
Deficit accumulated during development stage (5,839,472) (3,957,755)
Total Stockholders Equity (Deficit) (1,761,420) (349,683)
Total Liabilities and Stockholders Equity (Deficit)    $ 355,222