Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS

v2.4.1.9
DISCONTINUED OPERATIONS
 6 Months Ended
Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
3.
DISCONTINUED OPERATIONS
 
On September 30, 2012 the Company discontinued its Clinical Services Operation at its wholly-owned subsidiary, NTC, because the operation had persistent losses which could no longer be supported by the Company. Furthermore, the Company chose to focus its limited cash resources to conduct its Walter Reed PEER Trial.
 
Summary Financial Data of Discontinued Operations:
 
Revenues, income before income taxes and net loss of NTC which are included in discontinued operations are as follows:
  
 
 
Three Months ended
March 31,
 
 
 
2015
 
2014
 
Neuro-Therapy Clinic
 
 
 
 
 
 
 
Revenues
 
$
-
 
$
-
 
Expenses
 
 
900
 
 
(300)
 
Operating Loss before taxes
 
$
(900)
 
$
300
 
Taxes
 
 
-
 
 
-
 
Net Loss
 
$
(900)
 
$
300
 
 
 
 
Six Months ended
March 31,
 
 
 
2015
 
2014
 
Neuro-Therapy Clinic
 
 
 
 
 
 
 
Revenues
 
$
-
 
$
-
 
Expenses
 
 
1,800
 
 
3,300
 
Operating Loss before taxes
 
$
(1,800)
 
$
(3,300)
 
Taxes
 
 
-
 
 
-
 
Net Loss
 
$
(1,800)
 
$
(3,300)
 
 
The assets and liabilities of NTC are as follows:
 
 
 
(Unaudited)
March 31,
 
September
30,
 
 
 
2015
 
2014
 
ASSETS:
 
 
 
 
 
 
 
Assets of Discontinued Operations
 
$
-
 
$
-
 
 
 
 
 
 
 
 
 
LIABILITIES:
 
 
 
 
 
 
 
Accounts Payable
 
$
86,600
 
$
86,600
 
Accrued Payroll Liabilities
 
 
71,000
 
 
90,600
 
Liabilities of Discontinued Operations
 
$
157,600
 
$
177,200