Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Sep. 30, 2014
CURRENT ASSETS:    
Cash $ 432,100 $ 1,240,600
Accounts receivable (net of allowance for doubtful accounts of $1,200 and $1,200 as of September 30, 2015 and 2014 respectively) 11,800 9,300
Prepaid insurance 57,400 52,200
Prepaid other assets 46,900 6,000
Total current assets 548,200 1,308,100
Furniture and equipment, net 1,700 8,700
Other assets 17,200 19,300
TOTAL ASSETS 567,100 1,336,100
CURRENT LIABILITIES:    
Accounts payable (including $10,000 and $41,300 to related parties as of September 30, 2015 and 2014 respectively) 852,000 868,900
Accrued liabilities 27,300 26,200
Accrued compensation 418,500 270,300
Accrued compensation - related parties 226,100 71,700
Deferred revenue - grant funds 45,900 45,900
Derivative liability 833,000 153,100
Current portion of capital lease 2,400 3,500
Liabilities of discontinued operations 129,000 177,200
Total current liabilities 2,534,200 1,616,800
LONG-TERM LIABILITIES    
Secured convertible debt - related parties (net of discounts $209,900 and $145,300 as of September 30, 2015 and 2014 respectively) 2,240,100 1,204,700
Secured convertible debt - other (net of discounts $24,300 and $28,900 as of September 30, 2015 and 2014 respectively) 525,700 271,100
Accrued interest $ 103,600 2,600
Capital lease 2,500
Total long-term liabilities $ 2,869,400 1,480,900
TOTAL LIABILITIES 5,403,600 3,097,700
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; authorized 500,000,000 shares and issued and outstanding 102,417,409 shares and 101,667,409 shares as of September 30, 2015 and 2014 respectively. 102,400 101,700
Additional paid-in capital 57,654,000 57,350,200
Accumulated deficit (62,592,900) (59,213,500)
Total stockholders' deficit (4,836,500) (1,761,600)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 567,100 $ 1,336,100