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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
Scheddule Of Effect Of Restatement On Previously Reported Amounts In Statement Of Operations (Details) (USD $)
12 Months Ended 61 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Sep. 30, 2008
Sep. 30, 2012
Total income $ 3,770          $ 3,770
Expenses            
Officer compensation 231,739 810,100       1,054,239
Professional fees 45,545 429,657       480,802
Director fees    38,000       38,000
Bad debt expense 2,270 70,365       72,635
General and administrative 237,603 30,698       2,759,906
Total operating expenses 1,335,678 1,378,820       5,224,103
Net loss from operations (1,331,908) (1,378,820)       (5,220,333)
Other income and (expense)            
Gain on derivative liability (264,027) (50,990)       (315,017)
Interest expense (268,745) (18,340)       (287,085)
Total other expense (549,809) (69,330)       (619,139)
Net loss (1,881,717) (1,448,150) (217,881) (2,258,311) (33,413) (5,839,472)
Loss per share Basic and diluted $ (0.07) $ (0.06)        
Weighted average shares outstanding basic and diluted 25,464,297 23,344,668        
As Reported
           
Investment income             
Total income             
Expenses            
Officer compensation   810,100        
Professional fees   429,657        
Director fees   38,000        
General and administrative   30,698        
Total operating expenses   1,308,455        
Net loss from operations   (1,308,455)        
Other income and (expense)            
Gain on derivative liability             
Interest expense   (97,047)        
Total other expense   (97,047)        
Net loss   (1,405,502)        
Loss per share Basic and diluted   $ (0.06)        
Weighted average shares outstanding basic and diluted   23,344,668        
Adjustment
           
Investment income             
Total income             
Expenses            
Officer compensation             
Professional fees             
Director fees             
Bad debt expense   70,365        
General and administrative             
Total operating expenses   70,365        
Net loss from operations   (70,365)        
Other income and (expense)            
Gain on derivative liability   (50,990)        
Interest expense   78,707        
Total other expense   27,717        
Net loss   (42,648)        
As Restated
           
Investment income             
Total income             
Expenses            
Officer compensation   810,100        
Professional fees   429,657        
Director fees   38,000        
Bad debt expense   70,365        
General and administrative   30,698        
Total operating expenses   1,378,820        
Net loss from operations   (1,378,820)        
Other income and (expense)            
Gain on derivative liability   (50,990)        
Interest expense   (18,340)        
Total other expense   (69,330)        
Net loss   $ (1,448,150)        
Loss per share Basic and diluted   $ (0.06)        
Weighted average shares outstanding basic and diluted   23,344,668