|
Consolidated Balance Sheets (USD $)
|
Sep. 30, 2011
|
Sep. 30, 2010
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 1,386,402 |
$ 730,361 |
| Other current assets |
185,193 |
147,896 |
| Total current assets |
1,571,595 |
878,257 |
| Property and equipment, net of accumulated depreciation of $42,926 ($31,861 - 2010) |
|
11,065 |
| Other assets |
5,052 |
5,052 |
| Total assets |
1,576,647 |
894,374 |
| Current liabilities: |
|
|
| Accounts payable and accrued liabilities |
1,456,365 |
225,163 |
| Accrued interest |
|
9,248 |
| Accrued and deferred personnel compensation |
81,932 |
65,072 |
| Notes payable |
|
1,221,305 |
| Derivative liabilities |
1,289,520 |
870,321 |
| Total current liabilities |
2,827,817 |
2,391,109 |
| Commitments and contingencies |
|
|
| Stockholders' deficiency: |
|
|
| Series A convertible preferred stock; $0.001 par value; 10,000,000 shares authorized; 4,325 shares issued and outstanding (8,120 - 2010) |
4 |
8 |
| Common stock; $0.001 par value; 300,000,000 shares authorized; 85,322,593 shares issued and outstanding (52,756,295 - 2010) |
85,323 |
52,756 |
| Additional paid-in capital |
32,155,789 |
17,731,817 |
| Accumulated deficit |
(33,492,286) |
(19,281,316) |
| Total stockholders' deficiency |
(1,251,170) |
(1,496,735) |
| Total liabilities and stockholders' deficiency |
$ 1,576,647 |
$ 894,374 |