Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Jun. 30, 2015 | Aug. 18, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | Paradigm Resource Management Corp | |
Entity Central Index Key | 1,405,660 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 323,202,300 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,015 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2015 | Sep. 30, 2014 |
Current assets: | ||
Cash and cash equivalents | $ 19,653 | $ 0 |
Interest receivable | 482 | 0 |
Total current assets | 20,135 | 0 |
Investment in cost-method investee | 7,173 | 7,173 |
Investment in commercial paper | 100,000 | 0 |
Total assets | 127,308 | 7,173 |
Current liabilities: | ||
Accounts payable | 48,270 | 35,072 |
Note payable | 51,904 | 17,049 |
Accrued interest | 5,677 | 1,247 |
Amount due to shareholder | 311,973 | 311,973 |
Total current liabilities | 417,824 | 365,341 |
Derivative liability | 70,169 | 0 |
Total liabilities | 487,993 | 365,341 |
Stockholders' deficit: | ||
Common stock, $.001 par value, 1,600,000,000 shares authorized, 323,202,300 and 323,202,300 shares issued and outstanding at June 30, 2015 and September 30, 2014, respectively | 323,202 | 323,202 |
Paid-in capital (deficiency) | (286,538) | (233,572) |
Common stock issuable | 121,493 | 7,093 |
Accumulated deficit | (518,842) | (454,891) |
Total stockholders' deficit | (360,685) | (358,168) |
Total liabilities and stockholders' deficit | $ 127,308 | $ 7,173 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2015 | Sep. 30, 2014 |
Balance Sheets Parenthetical | ||
Common stock par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 1,600,000,000 | 1,600,000,000 |
Common stock, shares issued | 323,202,300 | 323,202,300 |
Common stock, shares outstanding | 323,202,300 | 323,202,300 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statements Of Operations | ||||
Net revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Cost of revenue | 0 | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 | 0 |
General and administrative expenses | 13,864 | 24,820 | 44,984 | 87,305 |
Loss from operations | (13,864) | (24,820) | (44,984) | (87,305) |
Other income (expense): | ||||
Interest income | 482 | 0 | 482 | 0 |
Interest expense | (4,830) | (1,319) | (11,506) | (1,319) |
Loss on change in derivative | (7,943) | 0 | (7,943) | 0 |
Total other income (expense) | (12,291) | (1,319) | (18,967) | (1,319) |
Loss before income taxes | (26,155) | (26,139) | (63,951) | (88,624) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net loss | $ (26,155) | $ (26,139) | $ (63,951) | $ (88,624) |
Net loss per share - basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of shares outstanding - Basic and Diluted | 323,202,300 | 323,202,300 | 323,202,300 | 323,177,248 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 9 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash flows from operating activities: | ||
Net loss | $ (63,951) | $ (88,624) |
Adjustments to reconcile net loss to net cash used in operations: | ||
Interest accrued on note payable | 4,430 | 499 |
Accretion of beneficial conversion feature as interest | 7,076 | 820 |
Loss on change in derivative | 7,943 | 0 |
Changes in operating assets and liabilities: | ||
Interest receivable | (482) | 0 |
Deposits | 0 | (861) |
Accounts payable | 13,198 | 43,481 |
Net cash used in operating activities | (31,786) | (44,685) |
Cash flows from investing activities: | ||
Investment in commercial paper | (100,000) | 0 |
Net cash provided by investing activities | (100,000) | 0 |
Cash flows from financing activities: | ||
Proceeds from loan payable | 37,039 | 19,961 |
Proceeds from loans from shareholder | 0 | 24,724 |
Proceeds from sale of common stock subscriptions | 114,400 | 0 |
Net cash provided by financing activities | 151,439 | 44,685 |
Net increase in cash | 19,653 | 0 |
Cash and cash equivalents at beginning of period | 0 | 0 |
Cash and cash equivalents at end of period | 19,653 | 0 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | 0 | 0 |
Supplemental disclosure of non-cash financing activities: | ||
Accounts payable paid by shareholder | 0 | 26,030 |
Beneficial conversion feature on convertible note payable | 9,260 | 4,990 |
402,300 shares issued from common stock issuable: Common stock issuable | 0 | (80) |
402,300 shares issued from common stock issuable: Common stock | 0 | 402 |
402,300 shares issued from common stock issuable: Additional paid in capital | $ 0 | $ (322) |
Statements of Cash Flows (Paren
Statements of Cash Flows (Parenthetical) - shares | 9 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Statement of Cash Flows [Abstract] | ||
Shares issued from common stock issuable | 0 | 402,300 |
1. Nature of Business, Presenta
1. Nature of Business, Presentation and Going Concern | 9 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
1. Nature of Business, Presentation and Going Concern | Organization Paradigm Resource Management Corporation (the "Company") was incorporated in Nevada on March 26, 2007 under the name of China Digital Ventures Corporation. The principal business of the Company was its web based telecom and IPTV businesses, both of which were disposed of during the year ended September 30, 2010. As of the date hereof, the Company has no operations. On July 23, 2010, the Company experienced a change in control. Canton Investments Ltd (Canton or CIL) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements by and between CIL and Wireless One International Limited (Wireless One), Bing HE and Ning HE, the Companys former directors, and other various shareholders. On the closing date, July 23, 2010, pursuant to the terms of the Stock Purchase Agreement, CIL purchased from Wireless One and Bing HE and Ning HE 11,500,000 shares of the Companys outstanding common stock for $205,750. Also on July 23, 2010, CIL purchased 2,440,000 shares of the Companys outstanding common stock for $36,600 from various shareholders. As a result of the change in control, CIL owns a total of 13,940,000 shares of the Companys common stock representing 91.54%. On May 10, 2012, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Paradigm Resource Management Corporation. On July 24, 2013, the Company entered into an agreement with AMSA Development Technology Co Ltd (AMSA) to acquire 402,300 shares of TOSS Plasma Technologies Ltd. (TPT) previously held by AMSA in exchange for 35,866,667 shares of its common stock. The 402,300 shares of TPT represent 10.1% of TPTs outstanding common stock. The agreement also provides AMSA an option to acquire an additional 44,833,333 shares of the Companys common stock and provides the Company an option to acquire an additional 402,300 shares of TPT common stock from AMSA. On December 4, 2013, the Company and AMSA entered into an Amendment to the Agreement dated July 24, 2013. Under the terms of the amendment, the Company has the option to acquire up to a total of 3,432,000 shares of TPT from AMSA and AMSA has the option to acquire up to a total of 229,866,667 shares of common stock of the Company. The options expired June 2, 2014. The Company is in the process of adopting its new business strategy of acquiring and developing certain real estate opportunities, particularly in the field of distressed assets, and other alternative investments. Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year. These unaudited financial statements should be read in conjunction with our 2014 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on January 13, 2015. Going Concern The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss of $56,008 for the nine months ended June 30, 2015 and has incurred cumulative losses since inception of $510,899. The Company has a stockholders deficit of $290,516 at June 30, 2015. These conditions raise substantial doubt about the ability of the Company to continue as a going concern. The unaudited financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. No assurance can be given that the Company will be successful in these efforts. |
2. Related Party Transactions
2. Related Party Transactions | 9 Months Ended |
Jun. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | As of September 30, 2014 and June 30, 2015, $311,973 was due to Canton. The advances are noninterest bearing and are due on demand. Mr. David Price, the Companys Secretary and son of its former Chief Executive Officer and Director, is paid $2,500 per month for his services. At June 30, 2015 and September 30, 2014, $40,000 and $22,500, respectively, were due to Mr. Price and included in accounts payable. $7,500 and $7,500 are included in general and administrative expenses for the three months ended June 30, 2015 and 2014, respectively. $22,500 and $22,500 are included in general and administrative expenses for the nine months ended June 30, 2015 and 2014, respectively. |
3. Investment in Cost-Method In
3. Investment in Cost-Method Investee | 9 Months Ended |
Jun. 30, 2015 | |
Investments, All Other Investments [Abstract] | |
Investment in Cost-Method Investee | On July 24, 2013, the Company entered into an agreement with AMSA Development Technology Co Ltd (AMSA) to acquire 402,300 shares of TOSS Plasma Technologies Ltd. (TPT) previously held by AMSA in exchange for 35,866,667 restricted shares of its common stock. The 402,300 shares of TPT represent 10.1% of TPTs outstanding common stock. The agreement also provided AMSA an option to acquire an additional 44,833,333 shares of the Companys common stock and provides the Company an option to acquire an additional 402,300 shares of TPT common stock from AMSA. On December 4, 2013, the Company and AMSA entered into an Amendment to the Agreement dated July 24, 2013. Under the terms of the amendment, the Company had the option to acquire up to a total of 3,432,000 shares of TPT from AMSA and AMSA had the option to acquire up to a total of 229,866,667 shares of common stock of the Company. The options expired on June 2, 2014. The cost of the investment of $7,173, or 35,866,667 shares of the Companys common stock at a fair value of $0.0002 per share, was based on the price of shares previously sold to investors. |
4. Investment in Commercial Pap
4. Investment in Commercial Paper | 9 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment in Commercial Paper | On June 8, 2015, the Company invested in a $100,000 convertible bond from Bullion Japan Inc. The bond matures June 8, 2018, earns interest at eight percent (8%) per annum paid quarterly, and is convertible into common stock of Bullion Japan Inc. at the Companys option any time after June 8, 2017 at a price of JPY ¥8,035 ($6.46) per share. As of June 30, 2015, $482 of interest has been accrued and included in the statement of operations as interest income. |
5. Notes Payable
5. Notes Payable | 9 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Notes Payable | Notes payable consisted of the following at June 30, 2015 and September 30, 2014: June 30, 2015 September 30, 2014 Principal, Principal, Unamortized net of Unamortized net of Principal Discount Discounts Principal Discount Discounts On May 1, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $19,961. Terms include simple interest at fifteen percent (15.0%), the note is due on May 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. This note is in default at June 30, 2014. $ 19,961 $ $ 19,961 $ 19,961 $ (2,912 ) $ 17,049 On December 19, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $5,039. Terms include simple interest at fifteen percent (15.0%), the note is due on December 19, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. 5,039 (594 ) 4,445 On January 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $22,000. Terms include simple interest at fifteen percent (15.0%), the note is due on January 5, 2016 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. 22,000 (2,817 ) 19,183 On May 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $10,000. Terms include simple interest at ten percent (10.0%), the note is due on November 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. 10,000 (1,685 ) 8,315 $ 57,000 $ (5,096 ) $ 51,904 $ 19,961 $ (2,912 ) $ 17,049 As of June 30, 2015 and September 31, 2014, accrued interest on the above loans was $5,677 and $1,247, respectively. Interest expense was $11,506 and $1,319 (including accretion of beneficial conversion feature of $7,076 and $820) for the nine months ended June 30, 2015 and 2014, respectively. |
6. Derivative Liability
6. Derivative Liability | 9 Months Ended |
Jun. 30, 2015 | |
Notes to Financial Statements | |
6. Derivative Liability | We review the terms of convertible debt issues to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any, are then allocated to the host instruments themselves, usually resulting in those instruments being recorded at a discount from their face value. The discount from the face value of the convertible debt, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to interest expense, using the effective interest method. During 2015, the Company entered into certain convertible debt agreements. The initial value was the fair value of the note less the fair value of the debt discount. The difference between the amortized fair value and the revalued fair value at each reporting period is recorded as a derivative liability. This derivative liability will change every reporting period based on the current market conditions. |
7. Stockholders' Deficit
7. Stockholders' Deficit | 9 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
Stockholders' Deficit | The Company has authorized 1,600,000,000 shares of Common Stock, $0.001 par value. As of June 30, 2015 and September 30, 2014, the Company had 323,202,300 shares of Common Stock issued and outstanding. Pursuant to the Agreement dated July 24, 2013, the Company is obligated to issue 35,866,667 restricted shares of its common stock to AMSA in exchange for 402,300 shares of TPT (see Note 3 Investment in Cost-Method Investee). The cost of the shares of $7,173, or $0.0002 per share, was based on the price of shares previously sold to investors. During the year ended September 30, 2014, 402,300 of the shares due to AMSA were issued, reducing the amount of common stock issuable to $7,093 at September 30, 2014. On June 20, 2015, the Company received $114,400 from an investor for a subscription of 7,150,000 shares of its common stock at a price of $0.016 per share. The shares remained unissued at June 30, 2015 and are included in common stock issuable on the balance sheet. |
8. Subsequent Events
8. Subsequent Events | 9 Months Ended |
Jun. 30, 2015 | |
Subsequent Events | |
Subsequent Events | On July 3, 2015, the Company invested in a $100,000 convertible bond from Bullion Japan Inc. The bond matures July 3, 2017, earns interest at eight percent (8%) per annum paid quarterly, and is convertible into common stock of Bullion Japan Inc. at the Companys option any time after July 3, 2017 at a price of JPY ¥8,035 ($6.46) per share. On July 28, 2015, the Company received $249,600 from an investor for a subscription of 15,600,000 shares of its common stock at a price of $0.016 per share. The Company has evaluated subsequent events through the date the financial statements were issued and filed with the Securities and Exchange Commission. The Company has determined that there are no other such events that warrant disclosure or recognition in the financial statements. |
1. Nature of Business (Policies
1. Nature of Business (Policies) | 9 Months Ended |
Jun. 30, 2015 | |
Nature Of Business Policies | |
Organization | Organization Paradigm Resource Management Corporation (the "Company") was incorporated in Nevada on March 26, 2007 under the name of China Digital Ventures Corporation. The principal business of the Company was its web based telecom and IPTV businesses, both of which were disposed of during the year ended September 30, 2010. As of the date hereof, the Company has no operations. On July 23, 2010, the Company experienced a change in control. Canton Investments Ltd (Canton or CIL) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements by and between CIL and Wireless One International Limited (Wireless One), Bing HE and Ning HE, the Companys former directors, and other various shareholders. On the closing date, July 23, 2010, pursuant to the terms of the Stock Purchase Agreement, CIL purchased from Wireless One and Bing HE and Ning HE 11,500,000 shares of the Companys outstanding common stock for $205,750. Also on July 23, 2010, CIL purchased 2,440,000 shares of the Companys outstanding common stock for $36,600 from various shareholders. As a result of the change in control, CIL owns a total of 13,940,000 shares of the Companys common stock representing 91.54%. On May 10, 2012, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Paradigm Resource Management Corporation. On July 24, 2013, the Company entered into an agreement with AMSA Development Technology Co Ltd (AMSA) to acquire 402,300 shares of TOSS Plasma Technologies Ltd. (TPT) previously held by AMSA in exchange for 35,866,667 shares of its common stock. The 402,300 shares of TPT represent 10.1% of TPTs outstanding common stock. The agreement also provides AMSA an option to acquire an additional 44,833,333 shares of the Companys common stock and provides the Company an option to acquire an additional 402,300 shares of TPT common stock from AMSA. On December 4, 2013, the Company and AMSA entered into an Amendment to the Agreement dated July 24, 2013. Under the terms of the amendment, the Company has the option to acquire up to a total of 3,432,000 shares of TPT from AMSA and AMSA has the option to acquire up to a total of 229,866,667 shares of common stock of the Company. The options expired June 2, 2014. The Company is in the process of adopting its new business strategy of acquiring and developing certain real estate opportunities, particularly in the field of distressed assets, and other alternative investments. |
Basis of Presentation | Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year. These unaudited financial statements should be read in conjunction with our 2014 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on January 13, 2015. |
Going Concern | Going Concern The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss of $56,008 for the nine months ended June 30, 2015 and has incurred cumulative losses since inception of $510,899. The Company has a stockholders deficit of $290,516 at June 30, 2015. These conditions raise substantial doubt about the ability of the Company to continue as a going concern. The unaudited financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. No assurance can be given that the Company will be successful in these efforts. |
5. Notes Payable (Tables)
5. Notes Payable (Tables) | 9 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Notes payable | June 30, 2015 September 30, 2014 Principal, Principal, Unamortized net of Unamortized net of Principal Discount Discounts Principal Discount Discounts On May 1, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $19,961. Terms include simple interest at fifteen percent (15.0%), the note is due on May 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. This note is in default at June 30, 2014. $ 19,961 $ $ 19,961 $ 19,961 $ (2,912 ) $ 17,049 On December 19, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $5,039. Terms include simple interest at fifteen percent (15.0%), the note is due on December 19, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. 5,039 (594 ) 4,445 On January 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $22,000. Terms include simple interest at fifteen percent (15.0%), the note is due on January 5, 2016 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. 22,000 (2,817 ) 19,183 On May 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $10,000. Terms include simple interest at ten percent (10.0%), the note is due on November 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. 10,000 (1,685 ) 8,315 $ 57,000 $ (5,096 ) $ 51,904 $ 19,961 $ (2,912 ) $ 17,049 |
1. Nature of Business, Presen17
1. Nature of Business, Presentation and Going Concern (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 99 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||
Net loss | $ (26,155) | $ (26,139) | $ (63,951) | $ (88,624) | $ (510,899) | |
Stockholders' deficit | $ (360,685) | $ (360,685) | $ (360,685) | $ (358,168) |
2. Related Party Transactions (
2. Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Sep. 30, 2014 | |
Due to related party | $ 311,973 | $ 311,973 | $ 311,973 | ||
Accounts payable | 48,270 | 48,270 | 35,072 | ||
Canton [Member] | |||||
Due to related party | 311,973 | 311,973 | 311,973 | ||
David Price | |||||
Accounts payable | 40,000 | 40,000 | $ 22,500 | ||
David Price | General and Administrative Expense [Member] | |||||
Professional fees | $ 7,500 | $ 7,500 | $ 22,500 | $ 22,500 |
3. Investment in Cost-Method 19
3. Investment in Cost-Method Investee (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 30, 2015 | Sep. 30, 2014 | |
Investments, All Other Investments [Abstract] | ||
Value of the investment | $ 7,173 | $ 7,173 |
Stock owned in Investee, shares held | 35,866,667 |
4. Investment in Commercial P20
4. Investment in Commercial Paper (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 30, 2015 | Sep. 30, 2014 | |
Investments, Debt and Equity Securities [Abstract] | ||
Investment in convertible bond | $ 100,000 | $ 0 |
Bond maturity date | Jun. 8, 2018 | |
Bond interest rate | 8.00% | |
Accrued interest receivable | $ 482 | $ 0 |
5. Notes Payable (Details)
5. Notes Payable (Details) - USD ($) | Jun. 30, 2015 | Sep. 30, 2014 |
Notes payable, principal | $ 57,000 | $ 19,961 |
Unamortized discount | (5,096) | (2,912) |
Notes payable, net | 51,904 | 17,049 |
Convertible note 1 | ||
Notes payable, principal | 19,961 | 19,961 |
Unamortized discount | 0 | (2,912) |
Notes payable, net | 19,961 | 17,049 |
Convertible note 2 | ||
Notes payable, principal | 5,039 | 0 |
Unamortized discount | (594) | 0 |
Notes payable, net | 4,445 | 0 |
Convertible note 3 | ||
Notes payable, principal | 22,000 | 0 |
Unamortized discount | (2,817) | 0 |
Notes payable, net | 19,183 | 0 |
Convertible note 4 | ||
Notes payable, principal | 10,000 | 0 |
Unamortized discount | (1,685) | 0 |
Notes payable, net | $ 8,315 | $ 0 |
5. Note Payable (Details Narrat
5. Note Payable (Details Narrative) - USD ($) | 9 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Sep. 30, 2014 | |
Accrued interest | $ 5,677 | $ 1,247 | |
Interest expense | $ 11,506 | $ 1,319 | |
Convertible note 1 | |||
Maturity date | May 1, 2015 | ||
Interest rate | 15.00% | ||
Convertible note 2 | |||
Maturity date | Dec. 19, 2015 | ||
Interest rate | 15.00% | ||
Convertible note 3 | |||
Maturity date | Jan. 5, 2016 | ||
Interest rate | 15.00% | ||
Convertible note 4 | |||
Maturity date | Jan. 11, 2015 | ||
Interest rate | 10.00% |
7. Stockholders Deficit (Detail
7. Stockholders Deficit (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | Sep. 30, 2014 | |
Common stock subscribed | 7,150,000 | ||
Proceeds from stock subscription | $ 114,400 | $ 0 | |
AMSA [Member] | |||
Stock issued for acquisition - shares | 402,300 |