Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Current assets:    
Cash $ 167,737 $ 172,436
Accounts receivable, net 487,001 936,866
Inventory 204,736 742,471
Prepaid expenses and other 644,857 523,561
Total current assets 1,504,331 2,375,334
Property and equipment, net 86,734 135,770
Deposits and other assets 17,846 17,846
Domain name, net 9,295 10,010
Total assets 1,618,206 2,538,960
Current liabilities:    
Accounts payable 1,700,448 4,493,211
Accounts payable, related party 291,753 162,797
Accrued expenses 2,101,711 743,967
Current portion of notes payable 3,722,899 1,259,916
Current portion of notes payable, related party 3,898,124 492,495
Dividends payable 606,545 567,350
Derivatives liability 2,054,071 79,347
Total current liabilities 14,375,551 7,799,083
Notes payable, net of current portion 7,353,856  
Notes payable, related party, net of current portion   3,348,251
Total liabilities 21,729,407 11,147,334
Stockholders' deficit:    
Preferred stock, $.00001 par value: 10,000,000 shares authorized; 45,000 sharesof Series D; 70,070 shares of Series E; and 0 and 5,361 shares of Series F outstanding, respectively 1 1
Common stock, $.00001 par value: 200,000,000 shares authorized; 115,112,802 and 78,113,971 shares outstanding, respectively 1,151 781
Additional paid-in capital, common and preferred 88,066,261 83,231,002
Accumulated deficit (108,178,614) (91,840,158)
Total stockholders' deficit (20,111,201) (8,608,374)
Total liabilities and stockholders' deficit $ 1,618,206 $ 2,538,960