| ASSETS |
|
| |
|
May 8, |
|
|
September 30, |
|
| |
|
2015 |
|
|
2014 |
|
| Current |
|
|
|
|
|
|
| Cash |
$ |
6,746,263 |
|
$ |
7,262,138 |
|
| Prepaid expenses |
|
31,445 |
|
|
89,117 |
|
| Total current assets |
|
6,777,708 |
|
|
7,351,255 |
|
| Equipment |
|
1,749 |
|
|
2,247 |
|
| Total assets |
$ |
6,779,457 |
|
$ |
7,353,502 |
|
| |
|
|
|
|
|
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
| Current |
|
|
|
|
|
|
| Accounts payable and accrued liabilities |
$ |
697,314 |
|
$ |
1,249,084 |
|
| Promissory notes payable |
|
90,412 |
|
|
192,065 |
|
| Total current liabilities |
|
787,726 |
|
|
1,441,149 |
|
| Non-interest bearing
liabilities |
|
59,241 |
|
|
5,719,727 |
|
| Total liabilities |
|
846,967 |
|
|
7,160,876 |
|
| Common stock |
|
77,545 |
|
|
47,201 |
|
| Additional paid-in capital |
|
62,476,407 |
|
|
52,078,750 |
|
| Common stock to be issued |
|
610,000 |
|
|
640,000 |
|
| Accumulated deficit |
|
(57,231,462 |
) |
|
(52,573,325 |
) |
| Total stockholders'
equity |
|
5,932,490 |
|
|
192,626 |
|
| Total liabilities and stockholders'
equity |
$ |
6,779,457 |
|
$ |
7,353,502 |
|
