Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Mar. 31, 2019 | May 14, 2019 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | AngioSoma, Inc. | |
Trading Symbol | SOAN | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --09-30 | |
Entity Common Stock, Shares Outstanding | 106,462,711 | |
Amendment Flag | false | |
Entity Central Index Key | 0001502152 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - USD ($) | Mar. 31, 2019 | Sep. 30, 2018 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 84,142 | $ 91,597 |
Prepaid expenses | 2,362 | 16,395 |
Inventory | 40,274 | 3,815 |
Total current assets | 126,778 | 111,807 |
Plant, property, and equipment, net of accumulated depreciation of $354 and $118 | 1,058 | 1,294 |
Available for sale securities, at market value | 11,644 | 11,644 |
TOTAL ASSETS | 139,480 | 124,745 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 144,031 | 136,867 |
Accounts payable to related party | 286,372 | 281,372 |
Advances payable | 59,650 | 59,650 |
Current portion of convertible notes payable, net of discount of $6,899 and $8,720, respectively | 160,101 | 185,280 |
Note payable, default | 100,000 | 100,000 |
Current portion of accrued interest payable | 232,497 | 232,307 |
Total current liabilities | 982,651 | 995,476 |
TOTAL LIABILITIES | 982,651 | 995,476 |
COMMITMENTS AND CONTINGENCIES | ||
STOCKHOLDERS’ DEFICIT | ||
Common stock, $0.001 par value; 480,000,000 shares authorized; 100,241,851 and 69,323,021 shares issued and outstanding at March 31, 2019 and September 30, 2018, respectively | 100,243 | 69,323 |
Additional paid-in capital | 2,580,164 | 2,065,018 |
Accumulated other comprehensive income | 971 | 971 |
Accumulated deficit | (6,517,041) | (5,998,535) |
TOTAL STOCKHOLDERS' DEFICIT | (843,171) | (870,731) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 139,480 | 124,745 |
Series A Preferred Stock [Member] | ||
STOCKHOLDERS’ DEFICIT | ||
Preferred Stock | 2,990,535 | 2,990,535 |
Series B Preferred Stock [Member] | ||
STOCKHOLDERS’ DEFICIT | ||
Preferred Stock | 0 | 0 |
Series D Preferred Stock [Member] | ||
STOCKHOLDERS’ DEFICIT | ||
Preferred Stock | 510 | 510 |
Series E Preferred Stock [Member] | ||
STOCKHOLDERS’ DEFICIT | ||
Preferred Stock | 1,000 | 1,000 |
Series F Preferred Stock [Member] | ||
STOCKHOLDERS’ DEFICIT | ||
Preferred Stock | $ 447 | $ 447 |
CONSOLIDATED BALANCE SHEET (Par
CONSOLIDATED BALANCE SHEET (Parentheticals) - USD ($) | Mar. 31, 2019 | Sep. 30, 2018 |
Plant, property, and equipment, accumulated depreciation (in Dollars) | $ 354 | $ 118 |
Current portion of convertible notes payable, discount (in Dollars) | $ 6,899 | $ 8,720 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 480,000,000 | 480,000,000 |
Common stock, shares issued | 100,241,851 | 69,323,021 |
Common stock, shares outstanding | 100,241,851 | 69,323,021 |
Series A Preferred Stock [Member] | ||
Preferred Stock, shares issued | 5,000,000 | 5,000,000 |
Preferred Stock, shares outstanding | 5,000,000 | 5,000,000 |
Series B Preferred Stock [Member] | ||
Preferred Stock, shares issued | 0 | 0 |
Preferred Stock, shares outstanding | 0 | 0 |
Preferred Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Series D Preferred Stock [Member] | ||
Preferred Stock, shares issued | 509,988 | 509,988 |
Preferred Stock, shares outstanding | 509,988 | 509,988 |
Preferred Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Series E Preferred Stock [Member] | ||
Preferred Stock, shares issued | 1,000,000 | 1,000,000 |
Preferred Stock, shares outstanding | 1,000,000 | 1,000,000 |
Preferred Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Series F Preferred Stock [Member] | ||
Preferred Stock, shares issued | 446,975 | 446,975 |
Preferred Stock, shares outstanding | 446,975 | 446,975 |
Preferred Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
CONSOLIDATED STATEMENT OF OPERA
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | |
REVENUE | $ 0 | $ 0 | $ 275 | $ 0 |
Cost of goods sold | 0 | 0 | 47 | 0 |
Gross Profit | 0 | 0 | 228 | 0 |
OPERATING EXPENSES: | ||||
General and administrative expenses | 70,786 | 41,724 | 200,409 | 170,419 |
Total operating expenses | 70,786 | 41,724 | 200,409 | 170,419 |
LOSS FROM OPERATIONS | (70,786) | (41,724) | (200,181) | (170,419) |
OTHER INCOME (EXPENSE) | ||||
Oil lease income | 0 | 5,531 | 0 | 5,531 |
Loss on conversion of preferred stock | 0 | 0 | 0 | (7,250) |
Loss on conversion of debt | (16,236) | 0 | (131,547) | (328,200) |
Interest expense | (103,241) | (4,019) | (186,778) | (5,224) |
NET LOSS | $ (190,263) | $ (40,212) | $ (518,506) | $ (505,562) |
NET LOSS PER COMMON SHARE - Basic and diluted (in Dollars per share) | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares) | 92,551,946 | 54,056,289 | 83,543,153 | 52,691,759 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | |
NET LOSS | $ (190,263) | $ (40,212) | $ (518,506) | $ (505,562) |
Change in fair value of AFS securities | 0 | 1,941 | 0 | 3,882 |
COMPREHENSIVE LOSS | $ (190,263) | $ (38,271) | $ (518,506) | $ (501,680) |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) | Series B Preferred Stock [Member]Common Stock [Member] | Series B Preferred Stock [Member]Preferred Stock [Member]Series B Preferred Stock [Member] | Series B Preferred Stock [Member]Additional Paid-in Capital [Member] | Series B Preferred Stock [Member] | Common Stock [Member]Conversion on Convertible Note Payable [Member] | Common Stock [Member] | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member]Series B Preferred Stock [Member] | Preferred Stock [Member]Series D Preferred Stock [Member] | Preferred Stock [Member]Series E Preferred Stock [Member] | Preferred Stock [Member]Series F Preferred Stock [Member] | Additional Paid-in Capital [Member]Conversion on Convertible Note Payable [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Conversion on Convertible Note Payable [Member] | Total |
BALANCE at Sep. 30, 2017 | $ 45,584 | $ 2,990,535 | $ 30 | $ 510 | $ 1,000 | $ 472 | $ 1,520,658 | $ (970) | $ (5,181,794) | $ (623,975) | |||||||
BALANCE (in Shares) at Sep. 30, 2017 | 45,584,067 | 5,000,000 | 30,000 | 509,988 | 1,000,000 | 471,975 | |||||||||||
Common stock issued for conversion of Preferred Stock | $ 500 | $ (30) | $ 6,780 | $ 7,250 | $ 2,500 | $ (25) | (2,475) | ||||||||||
Common stock issued for conversion of Preferred Stock (in Shares) | 500,000 | (30,000) | 2,500,000 | (25,000) | |||||||||||||
Discount on convertible note payable | 91,133 | 91,133 | |||||||||||||||
Loss on conversion of debt | 360,480 | 360,480 | |||||||||||||||
Other comprehensive loss | 1,941 | 1,941 | |||||||||||||||
Net loss | (816,741) | (816,741) | |||||||||||||||
Common stock issued for conversion of convertible notes | $ 20,739 | 88,442 | 109,181 | ||||||||||||||
Common stock issued for conversion of convertible notes (in Shares) | 20,738,954 | ||||||||||||||||
BALANCE at Sep. 30, 2018 | $ 69,323 | $ 2,990,535 | $ 510 | $ 1,000 | $ 447 | 2,065,018 | 971 | (5,998,535) | (870,731) | ||||||||
BALANCE (in Shares) at Sep. 30, 2018 | 69,323,021 | 5,000,000 | 509,988 | 1,000,000 | 446,975 | ||||||||||||
Discount on convertible note payable | 161,828 | 161,828 | |||||||||||||||
Loss on conversion of debt | 131,547 | 131,547 | |||||||||||||||
Other comprehensive loss | 0 | ||||||||||||||||
Net loss | (518,506) | (518,506) | |||||||||||||||
Common stock issued for conversion of convertible notes | $ 27,420 | $ 157,021 | $ 184,441 | ||||||||||||||
Common stock issued for conversion of convertible notes (in Shares) | 27,418,830 | ||||||||||||||||
Common stock issued to officer as compensation | $ 3,500 | 64,750 | 68,250 | ||||||||||||||
Common stock issued to officer as compensation (in Shares) | 3,500,000 | ||||||||||||||||
BALANCE at Mar. 31, 2019 | $ 100,243 | $ 2,990,535 | $ 510 | $ 1,000 | $ 447 | $ 2,580,164 | $ 971 | $ (6,517,041) | $ (843,171) | ||||||||
BALANCE (in Shares) at Mar. 31, 2019 | 100,241,851 | 5,000,000 | 509,988 | 1,000,000 | 446,975 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
CASH FLOW FROM OPERATING ACTIVITIES: | ||
Net loss | $ (518,506) | $ (505,562) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 236 | 0 |
Amortization of discount on convertible note payable | 176,148 | 1,344 |
Loss on conversion of debt | 131,547 | 328,200 |
Loss on conversion of preferred stock | 0 | 7,250 |
Stock-based compensation | 68,250 | 0 |
Changes in operating assets and liabilities | ||
Inventory | (20,064) | 0 |
Prepaid expenses | (2,362) | (7,306) |
Accounts payable and accrued liabilities | 6,666 | 7,844 |
Accounts payable to related party | 5,000 | 120,106 |
Accrued interest payable | 10,630 | 574 |
NET CASH USED IN OPERATING ACTIVITIES | (142,455) | (47,550) |
NET CASH USED IN INVESTING ACTIVITIES | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from convertible notes payable, net | 135,000 | 100,000 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 135,000 | 100,000 |
NET (DECREASE) INCREASE IN CASH | (7,455) | 52,450 |
Cash at beginning of period | 91,597 | 14,100 |
Cash at end of period | 84,142 | 66,550 |
Cash paid during the period for: | ||
Interest | 0 | 0 |
Taxes | 0 | 0 |
Noncash investing and financing transactions: | ||
Conversion of convertible notes payable into common stock | 184,441 | 6,000 |
Change in fair value of available-for-sale securities | 0 | 3,882 |
Preferred stock issued for debt conversion | 0 | 3,000 |
Discount on convertible debt | $ 161,828 | $ 4,253 |
General Organization and Busine
General Organization and Business | 6 Months Ended |
Mar. 31, 2019 | |
Disclosure Text Block [Abstract] | |
Nature of Operations [Text Block] | Note 1. General Organization and Business AngioSoma, Inc., a Nevada corporation (“AngioSoma” or the “Company”), is a clinical stage biotechnology company focused on improving the effectiveness of current standard-of-care treatments, especially related to endovascular interventions in the treatment of peripheral artery disease (PAD). AngioSoma is developing its lead product, a drug candidate called Liprostin TM The Company was incorporated on April 29, 2016. The Company’s year-end is September 30. |
Going Concern
Going Concern | 6 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Substantial Doubt about Going Concern [Text Block] | Note 2. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the six months ended March 31, 2019, the Company had a net loss of $518,506 and negative cash flow from operating activities of $142,455. As of March 31, 2019, the Company had negative working capital of $855,873. Management does not anticipate having positive cash flow from operations in the near future. These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern. The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business. Management has plans to address the Company’s financial situation as follows: In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern. In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Note 3. Summary of Significant Accounting Policies Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. The results of operations for the three and six months ended March 31, 2019 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2019. Consolidated Financial Statements The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, AngioSoma Research, LLC, First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization. FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2019. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value. The following table presents assets that were measured and recognized at fair value as of March 31, 2019 and the period then ended on a recurring and nonrecurring basis: Description Level 1 Level 2 Level 3 Total Available for sale securities $ 11,644 $ — $ — $ 11,644 Totals $ 11,644 $ — $ — $ 11,644 The following table presents assets that were measured and recognized at fair value as of September 30, 2018 and the period then ended on a recurring and nonrecurring basis: Description Level 1 Level 2 Level 3 Total Available for sale securities $ 11,644 $ — $ — $ 11,644 Totals $ 11,644 $ — $ — $ 11,644 Inventory The Company sells nutraceutical products online via its website www.angiosoma.com Revenue Recognition Effective October 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for the three and six months ended March 31, 2019. Commitments and Contingencies The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. There are no known commitments or contingencies as of March 31, 2019. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) - A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and - A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) In May 2014, the FASB issued ASU 2014-09 which will supersede virtually all existing revenue guidance. Under this update, an entity is required to recognize revenue upon transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. As such, an entity will need to use more judgment and make more estimates than under the current guidance. ASU 2014-09 is to be applied retrospectively either to each prior reporting period presented in the financial statements, or only to the most current reporting period presented in the financial statements with a cumulative effect adjustment to retained earnings. The Company will elect to apply the impact (if any) of applying ASU 2014-09 to the most current reporting period presented in the financial statements with a cumulative effect adjustment to retained earnings. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. Subsequent events The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR. |
Advances
Advances | 6 Months Ended |
Mar. 31, 2019 | |
Disclosure Text Block [Abstract] | |
Short-term Debt [Text Block] | Note 4. Advances As of March 31, 2019 and September 30, 2018, the Company had non-interest bearing advances payable to third parties of $59,650. These advances are payable on demand. |
Convertible Notes Payable
Convertible Notes Payable | 6 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 5. Convertible Notes Payable Convertible notes payable consisted of the following at March 31, 2019 and September 30, 2018: March 31, September 30, Convertible note dated April 13, 2017 in the original principal amount of $20,000, no stated maturity date, bearing interest at 3% per year, convertible into common stock at a rate of $0.01 per share. $ 20,000 $ 20,000 Convertible note dated May 14, 2018 in the original principal amount of $58,000, maturing February 28, 2019, bearing interest at 12% per year, convertible beginning November 14, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In November and December 2018, principal in the amount of $58,000 and accrued interest in the amount of $3,480 were converted into a total of 6,959,142 shares of common stock. - 58,000 Convertible note dated June 25, 2018 in the original principal amount of $43,000, maturing April 15, 2019, bearing interest at 12% per year, convertible beginning December 25, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In December 2018, principal in the amount of $12,000 was converted into a 2,006,689 shares of common stock; in January 2019, principal in the amount of $19,000 and accrued interest in the amount of $2,580, respectively, were converted into an aggregate of 5,245,708 shares of common stock. - 43,000 Convertible note dated August 2, 2018 in the original principal amount of $33,000, maturing May 15, 2019, bearing interest at 12% per year, convertible beginning February 2, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In February 2019, principal in the amount of $33,000 and accrued interest in the amount $1,980 were converted into an aggregate of 2,608,527 shares of common stock. - 33,000 Convertible note dated September 7, 2018 in the original principal amount of $40,000, maturing June 30, 2019, bearing interest at 12% per year, convertible beginning March 7, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In March 2019, principal in the amount of $40,000 and accrued interest in the amount of $2,400 were converted into an aggregate of 7,298,763 shares of common stock. - 40,000 Convertible note dated October 31, 2018 in the original principal amount of $38,000, maturing August 15, 2019, bearing interest at 12% per year, convertible beginning April 29, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 38,000 - Convertible note dated December 20, 2018 in the original principal amount of $33,000, maturing October 15, 2019, bearing interest at 12% per year, convertible beginning June 18, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 33,000 - Convertible note dated January 22, 2019 in the original principal amount of $38,000, maturing November 15, 2019, bearing interest at 12% per year, convertible beginning July 21, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 38,000 - Convertible note dated February 19, 2019 in the original principal amount of $38,000, maturing December 15, 2019, bearing interest at 12% per year, convertible beginning August 18, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 38,000 - Total current convertible notes payable 167,000 194,000 Less: discount on convertible notes payable (6,899 ) (8,720 ) Total convertible notes payable, net of discount $ 160,101 $ 185,280 All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company. During the six months ended March 31, 2019, the Company recorded discounts to notes payable in connection with beneficial conversion features in the aggregate amount of $161,828, and recorded amortization of discounts in the amount of $176,148. As of March 31, 2019 and September 30, 2018, accrued interest on notes payable was $232,497 and $232,307, respectively. During the three months ended March 31, 2019 and 2018, interest expense on the notes payable was $3,647 and $1,205, respectively; during the six months ended March 31, 2019 and 2018, interest expense on the notes payable was $10,630 and $3,880, respectively Conversions of Notes Payable to Common Stock During the six months ended March 31, 2019, the holders of the Convertible Note Payable dated May 14, 2018 elected to convert, in four separate transactions, principal of $58,000 and accrued interest of $3,480 into a total of 6,959,142 shares of common stock. A loss in the aggregate amount of $13,663 was recognized on the conversions. Also during the six months ended March 31, 2019, the Company issued 3,300,001 shares of common stock with a fair value of $98,670 for the conversion of a note payable with a basis of $0. A loss in the amount of $98,670 was recorded on this transaction. Also during the six months ended March 31, 2019, the holders of the Convertible Note Payable dated June 25, 2018, elected to convert principal of $12,000 into 2,006,689 shares of common stock. The Company recorded a loss of $4,840 on this transaction. Also during the six months ended March 31, 2019, the holders of the Convertible Note Payable dated June 25, 2018, elected to convert, in two separate transactions, principal of $31,000 and accrued interest of $2,580 into a total of 5,245,708 shares of common stock. A loss in the aggregate amount of $7,643 was recognized on the conversions. Also during the six months ended March 31, 2019, the holders of the Convertible Note Payable dated August 2, 2018 elected to convert, in two separate transactions, principal of $33,000 and accrued interest of $1,980 into a total of 2,608,527 shares of common stock. A loss in the aggregate amount of $2,008 was recognized on the conversions. Also during the six months ended March 31, 2019, the holders of the Convertible Note Payable dated September 7, 2018 elected to convert, in three separate transactions, principal of $40,000 and accrued interest of $2,400 into a total of 7,298,763 shares of common stock. A loss in the aggregate amount of $4,723 was recognized on the conversions. |
Note Payable
Note Payable | 6 Months Ended |
Mar. 31, 2019 | |
Disclosure Text Block [Abstract] | |
Long-term Debt [Text Block] | Note 6. Note Payable The Company entered into a promissory note with its attorney to refinance accounts payable of $68,793 as of September 30, 2016 into a promissory note. The note can be issued up to the total principal amount of $100,000 and includes the prepayment of legal fees of $31,498 to be incurred during the period from October 1, 2016 through March 1, 2017. The note payable was recorded at $68,793 (the amount of refinanced accounts payable) as of September 30, 2017. There was no prepayment recognized as of September 30, 2017. During the year ended September 30, 2018, the company increased the amount of the note to $100,000 in connection with legal fees incurred. The note bears interest at the prime rate and requires monthly payments of principal and interest of $10,000 beginning July 1, 2017, the maturity date. As of March 31, 2019, the note is classified in current liabilities on the balance sheet; no principal payments have been made on this note. During the three and six months ended March 31, 2019, the Company accrued interest in the amount of $1,356 and $2,687, respectively, on this note. This note is currently in default. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Mar. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 7. Related Party Transactions David Summers, a significant shareholder of the Company, provides consulting services to the Company related to the development of our products. In addition, the Company had previously rented office space from Mr. Summers for $400 per month under a month to month lease. As of March 31, 2019, services, rent and other expense reimbursements in the amount of $112,804 was unpaid. The Company is also involved in a legal dispute with Mr. Summers to gather the funds due, as well as settle claims on certain patents and formulas. There is no significant exchange of monies or ownership anticipated. Alex Blankenship is paid $5,000 per month under her employment agreement as Chief Executive Officer of the Company. As of March 31, 2019, the Company owed Ms. Blankenship $135,438 for unpaid compensation. During the six months ended March 31, 2019, the Company issued 3,500,000 shares of common stock with a fair value of $68,250 to Ms. Blankenship as a bonus. As of March 31, 2019, the Company owed Sydney Jim, our former CEO, $38,130 for accrued but unpaid compensation. |
Stockholders' Equity (Deficit)
Stockholders' Equity (Deficit) | 6 Months Ended |
Mar. 31, 2019 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | Note 8. Stockholders’ Equity (Deficit) Common stock issued for conversion of convertible note s payable During six months ended March 31, 2019, the Company issued 1,098,901 shares of common stock upon the conversion of principal of $15,000. A loss in the amount of $3,616 was recognized on this transaction. During six months ended March 31, 2019, the Company issued 1,442,308 shares of common stock upon the conversion of principal of $15,000. A loss in the amount of $3,365 was recognized on this transaction. During six months ended March 31, 2019, the Company issued 1,224,490 shares of common stock upon the conversion of principal of $12,000. A loss in the amount of $1,531 was recognized on this transaction. During six months ended March 31, 2019, the Company issued 3,193,443 shares of common stock upon the conversion of principal of $16,000 and accrued interest in the amount of $3,480. A loss in the amount of $3,561 was recognized on this transaction. During six months ended March 31, 2019, the Company issued 2,006,689 shares of common stock upon the conversion of principal of $12,000. A loss in the amount of $4,840 was recognized on these transaction. During the six months ended March 31, 2019, the Company issued 3,300,001 shares of common stock with a fair value of $98,670 for the conversion of a note payable with a basis of $0. A loss in the amount of $98,670 was recorded on this transaction. During six months ended March 31, 2019, the Company issued 5,245,708 shares of common stock upon the conversion of principal of $31,000 and accrued interest of $2,580. A loss in the amount of $7,643 was recognized on this transaction. During six months ended March 31, 2019, the Company issued 2,608,527 shares of common stock upon the conversion of principal of $33,000 and accrued interest of $1,980. A loss in the amount of $2,008 was recognized on this transaction. During six months ended March 31, 2019, the Company issued 7,298,763 shares of common stock upon the conversion of principal of $40,000 and accrued interest of $2,400. A loss in the amount of $4,723 was recognized on this transaction. Shares issued for services to CEO During the six months ended March 31, 2019, the Company issued 3,500,000 shares of common stock with a fair value of $68,250 to its Chief Executive Officer as a bonus. During the six months ended March 31, 2019, the Company charged to additional paid-in capital the aggregate amount of $161,828 on connection with the beneficial conversion feature of notes payable. |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 6 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 9. Commitments and Contingent Liabilities Litigation The Company is involved in a legal dispute with Mr. David Summers, a significant shareholder, regarding the settlement of claims on certain patents and formulas. There is no significant exchange of monies or ownership anticipated, and the Company has not accrued a liability with regard to this dispute. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Mar. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Note 10. Subsequent Events On April 1, 2019, the Company issued a convertible promissory note in the original principal amount of $45,000, maturing February 15, 2020, bearing interest at 12% per year, convertible beginning September 28, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. On May 6, 2019, the Company issued 3,000,000 shares of common stock in connection with the conversion of a note payable in the amount of $15,000. On May 10, 2019, the Company issued 3,260,870 shares of common stock in connection with the conversion of a note payable in the amount of $15,000. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. The results of operations for the three and six months ended March 31, 2019 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2019. |
Consolidation, Policy [Policy Text Block] | Consolidated Financial Statements The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, AngioSoma Research, LLC, First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization. FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2019. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value. The following table presents assets that were measured and recognized at fair value as of March 31, 2019 and the period then ended on a recurring and nonrecurring basis: Description Level 1 Level 2 Level 3 Total Available for sale securities $ 11,644 $ — $ — $ 11,644 Totals $ 11,644 $ — $ — $ 11,644 The following table presents assets that were measured and recognized at fair value as of September 30, 2018 and the period then ended on a recurring and nonrecurring basis: Description Level 1 Level 2 Level 3 Total Available for sale securities $ 11,644 $ — $ — $ 11,644 Totals $ 11,644 $ — $ — $ 11,644 |
Inventory, Policy [Policy Text Block] | Inventory The Company sells nutraceutical products online via its website www.angiosoma.com |
Revenue [Policy Text Block] | Revenue Recognition Effective October 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for the three and six months ended March 31, 2019. |
Commitments and Contingencies, Policy [Policy Text Block] | Commitments and Contingencies The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. There are no known commitments or contingencies as of March 31, 2019. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) - A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and - A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) In May 2014, the FASB issued ASU 2014-09 which will supersede virtually all existing revenue guidance. Under this update, an entity is required to recognize revenue upon transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. As such, an entity will need to use more judgment and make more estimates than under the current guidance. ASU 2014-09 is to be applied retrospectively either to each prior reporting period presented in the financial statements, or only to the most current reporting period presented in the financial statements with a cumulative effect adjustment to retained earnings. The Company will elect to apply the impact (if any) of applying ASU 2014-09 to the most current reporting period presented in the financial statements with a cumulative effect adjustment to retained earnings. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. |
Subsequent Events, Policy [Policy Text Block] | Subsequent events The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Description Level 1 Level 2 Level 3 Total Available for sale securities $ 11,644 $ — $ — $ 11,644 Totals $ 11,644 $ — $ — $ 11,644 Description Level 1 Level 2 Level 3 Total Available for sale securities $ 11,644 $ — $ — $ 11,644 Totals $ 11,644 $ — $ — $ 11,644 |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 6 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Convertible Debt [Table Text Block] | Convertible notes payable consisted of the following at March 31, 2019 and September 30, 2018: March 31, September 30, Convertible note dated April 13, 2017 in the original principal amount of $20,000, no stated maturity date, bearing interest at 3% per year, convertible into common stock at a rate of $0.01 per share. $ 20,000 $ 20,000 Convertible note dated May 14, 2018 in the original principal amount of $58,000, maturing February 28, 2019, bearing interest at 12% per year, convertible beginning November 14, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In November and December 2018, principal in the amount of $58,000 and accrued interest in the amount of $3,480 were converted into a total of 6,959,142 shares of common stock. - 58,000 Convertible note dated June 25, 2018 in the original principal amount of $43,000, maturing April 15, 2019, bearing interest at 12% per year, convertible beginning December 25, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In December 2018, principal in the amount of $12,000 was converted into a 2,006,689 shares of common stock; in January 2019, principal in the amount of $19,000 and accrued interest in the amount of $2,580, respectively, were converted into an aggregate of 5,245,708 shares of common stock. - 43,000 Convertible note dated August 2, 2018 in the original principal amount of $33,000, maturing May 15, 2019, bearing interest at 12% per year, convertible beginning February 2, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In February 2019, principal in the amount of $33,000 and accrued interest in the amount $1,980 were converted into an aggregate of 2,608,527 shares of common stock. - 33,000 Convertible note dated September 7, 2018 in the original principal amount of $40,000, maturing June 30, 2019, bearing interest at 12% per year, convertible beginning March 7, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. In March 2019, principal in the amount of $40,000 and accrued interest in the amount of $2,400 were converted into an aggregate of 7,298,763 shares of common stock. - 40,000 Convertible note dated October 31, 2018 in the original principal amount of $38,000, maturing August 15, 2019, bearing interest at 12% per year, convertible beginning April 29, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 38,000 - Convertible note dated December 20, 2018 in the original principal amount of $33,000, maturing October 15, 2019, bearing interest at 12% per year, convertible beginning June 18, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 33,000 - Convertible note dated January 22, 2019 in the original principal amount of $38,000, maturing November 15, 2019, bearing interest at 12% per year, convertible beginning July 21, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 38,000 - Convertible note dated February 19, 2019 in the original principal amount of $38,000, maturing December 15, 2019, bearing interest at 12% per year, convertible beginning August 18, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. 38,000 - Total current convertible notes payable 167,000 194,000 Less: discount on convertible notes payable (6,899 ) (8,720 ) Total convertible notes payable, net of discount $ 160,101 $ 185,280 |
Going Concern (Details)
Going Concern (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Sep. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Net Income (Loss) Attributable to Parent | $ (190,263) | $ (40,212) | $ (518,506) | $ (505,562) | $ (816,741) |
Net Cash Provided by (Used in) Operating Activities | (142,455) | $ (47,550) | |||
Working Capital (Deficit) | $ (855,873) | $ (855,873) |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis - USD ($) | Mar. 31, 2019 | Sep. 30, 2018 |
Summary of Significant Accounting Policies (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | $ 11,644 | $ 11,644 |
Totals | 11,644 | 11,644 |
Fair Value, Inputs, Level 1 [Member] | ||
Summary of Significant Accounting Policies (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 11,644 | 0 |
Totals | 11,644 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Summary of Significant Accounting Policies (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 0 | 0 |
Totals | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Summary of Significant Accounting Policies (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 0 | 11,644 |
Totals | $ 0 | $ 11,644 |
Advances (Details)
Advances (Details) - USD ($) | Mar. 31, 2019 | Sep. 30, 2018 |
Disclosure Text Block [Abstract] | ||
Short-term Debt | $ 59,650 | $ 59,650 |
Convertible Notes Payable (Deta
Convertible Notes Payable (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Sep. 30, 2018 | |
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Convertible, Terms of Conversion Feature | The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company. | ||||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 161,828 | $ 4,253 | |||
Amortization of Debt Discount (Premium) | 176,148 | 1,344 | |||
Interest Payable | $ 232,497 | 232,497 | $ 232,307 | ||
Interest Expense | 103,241 | $ 4,019 | 186,778 | 5,224 | |
Debt Conversion, Original Debt, Amount | 184,441 | 6,000 | |||
Gain (Loss) on Extinguishment of Debt | $ (16,236) | 0 | $ (131,547) | (328,200) | |
Convertible Note Payable Dated May 14, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 6,959,142 | ||||
Gain (Loss) on Extinguishment of Debt | $ (13,663) | ||||
Convertible Note,Dated June 25, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Convertible, Terms of Conversion Feature | convertible beginning December 25, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 5,245,708 | 5,245,708 | |||
Gain (Loss) on Extinguishment of Debt | $ (7,643) | $ (7,643) | |||
Convertible Note, Dated August 2, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Convertible, Terms of Conversion Feature | convertible beginning February 2, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,608,527 | 2,608,527 | |||
Gain (Loss) on Extinguishment of Debt | $ (2,008) | $ (2,008) | |||
Convertible Note, Dated September 7, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Instrument, Convertible, Terms of Conversion Feature | convertible beginning March 7, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 7,298,763 | 7,298,763 | |||
Gain (Loss) on Extinguishment of Debt | $ (4,723) | $ (4,723) | |||
Principal [Member] | Convertible Note Payable Dated May 14, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 58,000 | ||||
Principal [Member] | Convertible Note,Dated June 25, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 31,000 | 31,000 | |||
Principal [Member] | Convertible Note, Dated August 2, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 33,000 | 33,000 | |||
Principal [Member] | Convertible Note, Dated September 7, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 40,000 | 40,000 | |||
Accrued Interest [Member] | Convertible Note Payable Dated May 14, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 3,480 | ||||
Accrued Interest [Member] | Convertible Note,Dated June 25, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 2,580 | 2,580 | |||
Accrued Interest [Member] | Convertible Note, Dated August 2, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 1,980 | 1,980 | |||
Accrued Interest [Member] | Convertible Note, Dated September 7, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 2,400 | ||||
Conversion on Convertible Notes Payable #3 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,300,001 | ||||
Gain (Loss) on Extinguishment of Debt | $ (98,670) | ||||
Conversion on Convertible Notes Payable #3 [Member] | Principal [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 98,670 | ||||
Conversion on Convertible Notes Payable #3 [Member] | Accrued Interest [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 0 | ||||
Conversion on Convertible Notes Payable #2 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,006,689 | ||||
Conversion on Convertible Notes Payable #2 [Member] | Principal [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 12,000 | ||||
Conversion on Convertible Notes Payable #2 [Member] | Accrued Interest [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | 4,840 | ||||
Conversion on Convertible Notes Payable #2 [Member] | Convertible Note,Dated June 25, 2018 [Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 12,000 | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,006,689 | ||||
Gain (Loss) on Extinguishment of Debt | $ (4,840) | ||||
Interest Expense on Note Payable[Member] | |||||
Convertible Notes Payable (Details) [Line Items] | |||||
Interest Expense | $ 3,647 | $ 1,205 | $ 10,630 | $ 3,880 |
Convertible Notes Payable (De_2
Convertible Notes Payable (Details) - Convertible Debt - USD ($) | Mar. 31, 2019 | Sep. 30, 2018 |
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Total current convertible notes payable | $ 167,000 | $ 194,000 |
Less: discount on convertible notes payable | (6,899) | (8,720) |
Long-term convertible notes payable, net of discount | 160,101 | 185,280 |
Convertible Note, Date April 13, 2017 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 20,000 | 20,000 |
Convertible Note,Dated May 14, 2018 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 0 | 58,000 |
Convertible Note,Dated June 25, 2018 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 0 | 43,000 |
Convertible Note, Dated August 2, 2018 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 0 | 33,000 |
Convertible Note, Dated September 7, 2018 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 0 | $ 40,000 |
Convertible Note, Dated October 31, 2018 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 38,000 | |
Convertible Note, Dated December 20, 2018 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 33,000 | |
Convertible Note, Dated January 22, 2019 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | 38,000 | |
Convertible Note, Dated February 19, 2019 [Member] | ||
Convertible Notes Payable (Details) - Convertible Debt [Line Items] | ||
Convertible note | $ 38,000 |
Convertible Notes Payable (De_3
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | |
Convertible Note, Date April 13, 2017 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 20,000 | $ 20,000 | |
Dated | Apr. 13, 2017 | Apr. 13, 2017 | |
Interest | 3.00% | 3.00% | 3.00% |
Convertible rate | $ 0.01 | $ 0.01 | $ 0.01 |
Convertible Note,Dated May 14, 2018 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 58,000 | $ 58,000 | |
Dated | May 14, 2018 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | February 28, 2019 | ||
Convertible | convertible beginning November 14, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Amount converted | $ 3,480 | ||
Converted shares of common stock | 6,959,142 | ||
Convertible Note,Dated June 25, 2018 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 43,000 | $ 43,000 | |
Dated | Jun. 25, 2018 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | April 15, 2019 | ||
Convertible | convertible beginning December 25, 2018 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Converted shares of common stock | 5,245,708 | 5,245,708 | |
Convertible Note, Dated August 2, 2018 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 33,000 | $ 33,000 | |
Dated | Aug. 2, 2018 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | May 15, 2019 | ||
Convertible | convertible beginning February 2, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Converted shares of common stock | 2,608,527 | 2,608,527 | |
Convertible Note, Dated September 7, 2018 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 40,000 | $ 40,000 | |
Dated | Sep. 7, 2018 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | June 30, 2019 | ||
Convertible | convertible beginning March 7, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Converted shares of common stock | 7,298,763 | 7,298,763 | |
Convertible Note, Dated October 31, 2018 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 38,000 | $ 38,000 | |
Dated | Oct. 31, 2018 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | August 15, 2019 | ||
Convertible | convertible beginning August 15, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Convertible Note, Dated December 20, 2018 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 33,000 | $ 33,000 | |
Dated | Dec. 20, 2018 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | October 15, 2019 | ||
Convertible | convertible beginning June 18, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Convertible Note, Dated January 22, 2019 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 38,000 | $ 38,000 | |
Dated | Jan. 22, 2019 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | November 15, 2019 | ||
Convertible | convertible beginning July 21, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Convertible Note, Dated February 19, 2019 [Member] | |||
Convertible Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | |||
Amount | $ 38,000 | $ 38,000 | |
Dated | Feb. 19, 2019 | ||
Interest | 12.00% | 12.00% | |
Convertible rate | $ 0.65 | $ 0.65 | |
Maturing | December 15, 2019 | ||
Convertible | convertible beginning August 18, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion |
Note Payable (Details)
Note Payable (Details) - USD ($) | Jul. 01, 2017 | Mar. 31, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2016 |
Note Payable (Details) [Line Items] | ||||||
Debt Instrument, Face Amount | $ 68,793 | $ 68,793 | ||||
Debt Instrument, Increase (Decrease), Net | $ 100,000 | |||||
Debt Instrument, Periodic Payment | $ 10,000 | |||||
Interest Expense, Debt | $ 1,356 | $ 2,687 | ||||
Principal [Member] | ||||||
Note Payable (Details) [Line Items] | ||||||
Debt Instrument, Face Amount | 100,000 | |||||
Prepaid Legal Fees [Member] | ||||||
Note Payable (Details) [Line Items] | ||||||
Debt Instrument, Face Amount | $ 31,498 |
Related Party Transactions (Det
Related Party Transactions (Details) | 6 Months Ended |
Mar. 31, 2019USD ($)shares | |
Majority Shareholder [Member] | |
Related Party Transactions (Details) [Line Items] | |
Operating Leases, Rent Expense, Minimum Rentals | $ 400 |
Due to Related Parties, Current | 112,804 |
Chief Executive Officer [Member] | |
Related Party Transactions (Details) [Line Items] | |
Related Party Transaction, Expenses from Transactions with Related Party | 5,000 |
Accrued Salaries, Current | $ 135,438 |
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture (in Shares) | shares | 3,500,000 |
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 68,250 |
Former CEO [Member] | |
Related Party Transactions (Details) [Line Items] | |
Accrued Salaries, Current | $ 38,130 |
Stockholders' Equity (Deficit)
Stockholders' Equity (Deficit) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | |
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 184,441 | $ 6,000 | ||
Gain (Loss) on Extinguishment of Debt | $ (16,236) | $ 0 | (131,547) | (328,200) |
Interest Expense, Debt | $ 1,356 | 2,687 | ||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | 68,250 | |||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 161,828 | $ 4,253 | ||
Chief Executive Officer [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture (in Shares) | 3,500,000 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 68,250 | |||
Convertible Note,Dated June 25, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 5,245,708 | 5,245,708 | ||
Gain (Loss) on Extinguishment of Debt | $ (7,643) | $ (7,643) | ||
Convertible Note, Dated August 2, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,608,527 | 2,608,527 | ||
Gain (Loss) on Extinguishment of Debt | $ (2,008) | $ (2,008) | ||
Convertible Note, Dated September 7, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 7,298,763 | 7,298,763 | ||
Gain (Loss) on Extinguishment of Debt | $ (4,723) | $ (4,723) | ||
Conversion on Convertible Notes Payable #4 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 1,098,901 | |||
Conversion on Convertible Notes Payable #4 [Member] | Principal [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 15,000 | |||
Conversion on Convertible Notes Payable #4 [Member] | Accrued Interest [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 3,616 | |||
Conversion on Convertible Notes Payable #5 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 1,442,308 | |||
Conversion on Convertible Notes Payable #5 [Member] | Principal [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 15,000 | |||
Conversion on Convertible Notes Payable #5 [Member] | Accrued Interest [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 3,365 | |||
Conversion on Convertible Notes Payable #6 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 1,224,490 | |||
Conversion on Convertible Notes Payable #6 [Member] | Principal [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 12,000 | |||
Conversion on Convertible Notes Payable #6 [Member] | Accrued Interest [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 1,531 | |||
Conversion on Convertible Notes Payable #1 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,193,443 | |||
Gain (Loss) on Extinguishment of Debt | $ (3,561) | |||
Conversion on Convertible Notes Payable #1 [Member] | Principal [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 16,000 | |||
Conversion on Convertible Notes Payable #1 [Member] | Accrued Interest [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 3,480 | |||
Conversion on Convertible Notes Payable #2 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,006,689 | |||
Conversion on Convertible Notes Payable #2 [Member] | Principal [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 12,000 | |||
Conversion on Convertible Notes Payable #2 [Member] | Accrued Interest [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 4,840 | |||
Conversion on Convertible Notes Payable #2 [Member] | Convertible Note,Dated June 25, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,006,689 | |||
Debt Conversion, Original Debt, Amount | $ 12,000 | |||
Gain (Loss) on Extinguishment of Debt | $ (4,840) | |||
Conversion on Convertible Notes Payable #3 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,300,001 | |||
Gain (Loss) on Extinguishment of Debt | $ (98,670) | |||
Conversion on Convertible Notes Payable #3 [Member] | Principal [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 98,670 | |||
Conversion on Convertible Notes Payable #3 [Member] | Accrued Interest [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 0 | |||
Principal [Member] | Convertible Note,Dated June 25, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 31,000 | 31,000 | ||
Principal [Member] | Convertible Note, Dated August 2, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 33,000 | 33,000 | ||
Principal [Member] | Convertible Note, Dated September 7, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 40,000 | 40,000 | ||
Accrued Interest [Member] | Convertible Note,Dated June 25, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 2,580 | 2,580 | ||
Accrued Interest [Member] | Convertible Note, Dated August 2, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 1,980 | 1,980 | ||
Accrued Interest [Member] | Convertible Note, Dated September 7, 2018 [Member] | ||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount | $ 2,400 | |||
Interest Expense, Debt | $ 2,400 |
Subsequent Events (Details)
Subsequent Events (Details) - Subsequent Event [Member] - USD ($) | May 10, 2019 | May 06, 2019 | Apr. 01, 2019 |
Subsequent Events (Details) [Line Items] | |||
Debt Instrument, Face Amount | $ 45,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||
Common Stock, Terms of Conversion | convertible beginning September 28, 2019 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion | ||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,260,870 | 3,000,000 | |
Debt Conversion, Original Debt, Amount | $ 15,000 | $ 15,000 |