Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Sep. 30, 2012
ASSETS    
Cash $ 1,273,600 $ 7,700
Accounts receivable (net of allowance for doubtful accounts of $5,900 and $14,300 as of September 30, 2013 and 2012 respectively) 26,600 12,400
Prepaids and other assets 63,700 43,700
Assets of discontinued operation 0 17,900
Total current assets 1,363,900 81,700
Furniture and equipment, net 16,800 20,000
Other assets 21,500 23,600
TOTAL ASSETS 1,402,200 125,300
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable (including $66,700 and $260,000 to related parties as of September 30, 2013 and 2012 respectively) 2,493,200 3,086,700
Accrued liabilities 24,200 20,600
Accrued compensation (including $294,500 and $499,100 to related parties as of September 30, 2013 and 2012 respectively) 763,100 732,700
Accrued consulting fees (including $0 and $81,000 to related parties as of September 30, 2013 and 2012 respectively) 0 104,000
Accrued interest 0 1,048,800
Promissory note 0 200,000
Derivative liability 0 520,700
Current portion of long-term debt 7,200 5,200
Liabilities of discontinued operation (including $0 and $89,000 to related parties as of September 30, 2013 and 2012 respectively) 268,500 288,700
Total current liabilities 3,556,200 13,195,000
LONG-TERM LIABILITIES    
Capital lease 6,000 5,000
Total long-term liabilities 6,000 5,000
TOTAL LIABILITIES 3,562,200 13,200,000
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; authorized 150,000,000 shares; 92,716,562 and 1,914,175 shares issued and outstanding as of September 30, 2013 and 2012 92,700 1,900
Additional paid-in capital 54,298,000 32,566,700
Accumulated deficit (56,550,700) (45,643,300)
Total stockholders' deficit (2,160,000) (13,074,700)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 1,402,200 125,300
Senior Subordinated Convertible Promissory Notes-Related Party Payable [Member]
    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Notes Payable, Related Parties 0 3,023,900
Subordinated Convertible Promissory Notes-Related Party Payable [Member]
    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Notes Payable, Related Parties 0 4,083,300
Unsecured Convertible Promissory Notes-Related Party [Member]
    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Notes Payable, Related Parties 0 52,500
Unsecured convertible promissory note [Member]
    
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Notes Payable, Related Parties $ 0 $ 27,900