Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES:    
Net income (loss) $ 135,100 $ (973,300)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Net loss from discontinued operations 3,600 12,200
Depreciation and amortization 2,800 4,000
Amortization of discount on bridge notes issued 0 423,800
Loss on derivative liability valuation 0 97,600
Stock-based compensation 364,000 355,500
Gain on extinguishment of debt (1,105,200) (466,300)
Non-cash interest expense 0 205,500
Changes in operating assets and liabilities    
Accounts receivable 8,200 (5,200)
Prepaids and other 31,000 25,900
Accounts payable and accrued liabilities (244,200) (136,300)
Deferred compensation (251,500) (98,100)
Net cash used in operating activities (1,056,200) (554,700)
INVESTING ACTIVITIES:    
Disposal of equipment 0 1,400
Net cash provided by investing activities 0 1,400
FINANCING ACTIVITIES:    
Repayment of a capital lease (1,700) (1,600)
Net proceeds from purchase of common stock 466,000 0
Net proceeds from bridge notes 0 1,368,300
Net cash provided by financing activities 464,300 1,366,700
Net cash provided by (used in) continuing operations (591,900) 813,400
DISCONTINUED OPERATIONS    
Net Cash used in discontinued operations (18,700) 0
NET INCREASE (DECREASE) IN CASH (610,600) 813,400
Cash - beginning of period 1,273,600 7,700
Cash - end of period 663,000 821,100
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 1,000 800
Income taxes 1,600 800
Non-cash financing activities:    
Shares issued for officer salaries payable 0 7,900
Shares issued for accounts payable $ 361,600 $ 0