Renewable Energy and Power (RBNW) 10-Q 17 Mar 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Mar. 16, 2017
Document And Entity Information
Entity Registrant Name	Renewable Energy & Power, Inc.
Entity Central Index Key	1,608,430
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
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		205,095
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Current Assets:
Cash	$ 47	$ 571
Accounts receivable from others net of allowance for Bad Debt of $10,000	16,784	6,784
Accounts receivable from MDI (Note 4)	783,650	623,650
Total current assets	800,481	631,005
Property and equipment, net of accumulated depreciation of $187,333 and $176,071, respectively	263,167	274,429
Intangibles, net of accumulated amortization of $224,015 and $209,414, respectively	56,371	70,970
Other assets (security deposit)	5,000	5,000
Total Assets	1,125,018	981,404
Current Liabilities:
Accounts payable to others	56,262	57,983
Accounts payable to MDI (Note 4)	797,200	631,692
Accrued interest payable to others	10,093
Accrued interest payable to MDI (Note 4)	71,180	75,867
Payable to shareholder (Note 5)	74,110	74,110
Consulting fees payable to officers and shareholder	182,365	99,865
Short-term loan payable to officer (Note 5)	58,364	53,154
Convertible notes payable others, less discount and loan origination fees totaling $40,120 and $59,251 at December 31, 2016 and September 30, 2016, respectively	75,875	51,795
Convertible notes payable to MDI less discount of $18,298 at December 31, 2016 (Note 4)	91,487
Derivative Liability	85,400
Total current liabilities	1,502,335	1,044,446
Long Term Liabilities
Convertible note payable to MDI less discount of $24,397 at September 30, 2016 (Note 4)		85,388
Total liabilities	1,502,335	1,129,854
Shareholders' Deficit:
Common stock, 750,000,000 shares authorized, par value $.001 per share, 205,096 shares issued and outstanding	205	205
Additional paid-in capital	1,667,733	1,667,733
Accumulated deficit	(2,045,143)	(1,816,390)
Total shareholders' deficit	(377,205)	(148,500)
Total Liabilities & Deficit	$ 1,125,018	$ 981,404

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Current Assets:
Accounts receivable from others net of allowance for Bad Debt	$ 10,000	$ 10,000
Property and equipment, net of accumulated depreciation	187,333	176,071
Intangibles, net of accumulated amortization	224,015	209,414
Current Liabilities:
Convertible notes payable others, less discount and loan origination fees	40,120	59,251
Convertible note payable to MDI, net of loan discount	$ 18,298	$ 24,397
Shareholders' Equity:
Common stock, par value	$ 0.001	$ .001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	205,096	205,096
Common stock, shares outstanding	205,096	205,096

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Condensed Statements Of Operations
Revenues (Note 4)	$ 171,849	$ 170,000
Cost of revenues	149,990	150,705
Gross profit	21,859	19,295
Operating expenses:
General and administrative	50,200	107,958
Amortization	14,601	11,625
Depreciation	11,262	13,602
Consultants	88,889	26,408
Total Operating Expenses	164,952	159,593
Loss from operations	(143,093)	(140,298)
Other income (expense):
Interest expense	(40,374)	(44,372)
Derivative expense	(45,400)
Total	(85,774)	(44,372)
Loss before federal income taxes	(228,867)	(184,670)
Federal income taxes
Net loss	$ (228,867)	$ (184,670)
Loss per share, basic and dilutive	$ (1.12)	$ (4.74)
Weighted average shares outstanding	205,095	38,939

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net loss	$ (228,867)	$ (184,670)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	25,862	25,227
Amortization of debt discount	34,968	39,372
Issuance of common stock for services		35,000
Changes in operating assets and liabilities:
Accounts receivable from MDI	(160,000)	(237,884)
Accounts receivable from others	(10,000)	1,500
Inventories		180,000
Account payable to others	24,417	(661)
Accounts payable to MDI	165,508	45,140
Accrued interest payable to MDI	2,195	3,471
Accrued interest payable to others	3,211	1,529
Consulting fees payable to officers	82,500	(3,000)
Derivative Liability	45,400
Net cash used in operating activities	(14,806)	(94,976)
Cash flows from financing activities
Bank overdraft		311
Proceeds from short-term loan payable to officer	5,210	7,605
Proceeds from issuance of convertible debt	9,072	87,000
Net cash provided by financing activities	14,282	94,916
Net decrease in cash	(524)	(60)
Cash at beginning of period	571	60
Cash at end of period	47
Supplemental Cash Flow Disclosures
Interest paid
Taxes paid
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Payment of convertible note payable to MDI through netting of accounts receivable and accounts payable	0	135,215
Conversion of convertible note payable to common stock	$ 0	$ 5,000

Nature of Business

Nature of Business	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 1 - Nature of Business	Renewable Energy and Power (the Company or REAP) was incorporated on October 15, 2012, under the laws of the State of Nevada, for the purpose of conducting all legal business. The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"), as amended for interim financial information. These financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Company's 2016 Annual Report on Form 10-K. The accompanying unaudited financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the interim periods, but are not necessarily indicative of the results for any subsequent quarter or the entire year ending September 30, 2017. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the three months ended December 31, 2016 are not necessarily indicative of results for the full fiscal year. The Company is engaged in the business of new and retrofit applications for LED lighting and innovative solar electrical generation. The LED products will lower the use of electrical power, lower maintenance costs for users and extend the useful life of lighting fixtures. The solar process will greatly increase the conversion of heat to electricity, and is patterned after technology that has been used in space exploration for many years.

Going Concern

Going Concern	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 2 - Going Concern	These financial statements for the three months ended December 31, 2016 were prepared assuming the Company will continue as a going concern. During the three months ended December 31, 2016, the Company has incurred a loss of $228,867 and has an accumulated deficit of $2,045,143. The Company will need to generate significant revenue in order to achieve profitability and may never become profitable. The Company has begun principal operations and, as is common with a start-up company, the Company has had recurring losses during its early stage. The Company's financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other material assets, nor does it have an established source of revenue sufficient to cover its operating costs and to allow it to continue as a going concern. In the interim, shareholders of the Company have committed to meeting its minimal operating expenses.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 3 - Summary of Significant Accounting Policies	Basis of presentation The Company reports revenues and expenses using the accrual method of accounting for financial and tax reporting purposes. These financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles. Management estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue recognition The Company recognizes revenue from sales at the time the products are shipped, the price is determinable, the customers are invoiced and payment is reasonably assured. Invoices are due on a net 30 day basis. Shipping and handling costs are billed to customers and netted against shipping and handling expenses incurred by the Company, which are included in cost of revenues. All of the Company's sales are to Multichip Display, Inc. (MDI), a shareholder of the Company. See Note 4. Accounts receivable The Company grants credit, generally without collateral. The Company performs periodic credit evaluations of its customers' financial condition and believes that its customer acceptance, billing and collection policies are adequate to minimize potential credit risk. The Company has not incurred any credit losses to date. The Company provides an allowance for doubtful accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. The allowance for bad debt is $10,000 at December 31, 2016 and $0 at December 31, 2015. Normal accounts receivable past due more than 30 days are considered delinquent. Delinquent receivables are written off based on individual credit evaluation and specific circumstances of the customer. See Note 4. Inventories Inventories were written off and the balance is $0 at December 31, 2016 and September 30, 2016. Research and Development Costs During the three months ended December 31, 2016 and 2015, research and development costs totaled $21,943 and $16,153.

Related Party Transactions with

Related Party Transactions with Multichip Display, Inc. (MDI)	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 4 - Related Party Transactions with Multichip Display, Inc. (MDI)	MDI is owned by a minority shareholder (1,000 shares or 0.45%) of the Company. In addition, MDI became a minority shareholder (2,165 shares or 1.05%) through debt conversion (see below). The total direct and indirect ownership of REAP by MDI is 1.5% at December 31, 2016. The Company has an exclusive contract to manufacture products under contract from MDI. MDI will be the sales agent for certain government and private company contracts; REAP manufactures products based on bid prices as agreed between the parties. The Company has also agreed to purchase parts from MDI. As part of the agreement, MDI has agreed to support the operations of the Company through December 31, 2017. MDI is both a significant customer and significant vendor of the Company. For the three months ending December 31, 2015 and 2016, most of the Company's sales resulted from transactions with MDI. The Company had the following related party transactions through December 31, 2016 for the time periods shown in the tables below. Three Months Ending December 31, 2016 2015 Sales to MDI $ 160,000 $ 170,112 Inventory purchases from MDI* 149,990 150,705 Interest expense to MDI 2,195 3,471 Receivable from MDI 783,650 623,650 Accounts payable to MDI 797,200 631,692 Accrued interest payable to MDI 71,180 75,867 Convertible note payable to MDI, net of discount of $18,298 and $24,397 respectively 91,487 85,388 __________ * Includes borrowings to pay for direct labor. The agreement with MDI includes an offset clause for accounts receivable from MDI and accounts payable to MDI. On November 11, 2015, the Company and MDI agreed to offset the receivable from MDI of $1,609,401, the accounts payable to MDI of $1,474,186 and $135,215 of the convertible note payable to MDI balance. The Company issued a new 8% Convertible Promissory Note for the remaining convertible note payable balance of $109,785. This note was extended and now matures on December 31, 2017 and is convertible at the common stock par value of $0.001 per share.

Related Party Transactions wi10

Related Party Transactions with Initial Shareholder Group	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 5 - Related Party Transactions with Initial Shareholder Group	Consulting fees payable to officers and shareholder During the three months ended December 31, 2016 and 2015, the Company incurred $88,889 and $26,408, respectively, of consulting fees which are payable to four officers and to one shareholder of the Company. Total consulting fees payable to these officers and shareholder as of December 31, 2016 and September 30, 2016 were $82,365 and $99,865 respectively. Payable to shareholder Payable to shareholder totaled $74,110 at December 31, 2016 and September 30, 2016. Short-term loan payable to officer As of December 31, 2016 and September 30, 2016, officer advances to the Company totaled $58,364 and $53,154, respectively.

Share Capital

Share Capital	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 6 - Share Capital	The Company is authorized to issue 750,000,000 shares of common stock with a par value of $.001 and no preferred stock.

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 7 - Income Taxes	The difference between the expected income tax expense (benefit) and the actual tax expense (benefit) computed by using the Federal statutory rate of 34% is as follows: For the Three Months Ended December 31, 2016 2015 Expected income tax benefit at statutory rate of 34% $ 77,800 $ 62,800 Change in valuation allowance (77,800 ) (62,800 ) Income tax expense (benefit) $ 0 $ 0 Deferred tax assets and liabilities are provided for significant income and expense items recognized in different years for tax and financial reporting purposes. Temporary differences, which give rise to a net deferred tax asset, are as follows: Deferred tax assets: December 31, 2016 September 30, 2016 Tax benefit of net operating loss carry-forward $ 643,000 $ 568,900 Book and tax difference for amortization of intangibles 52,000 48,400 Less: valuation allowance (695,000 ) (617,300 ) Net deferred tax asset $ 0 $ 0 The Company had a federal net operating tax loss carry-forward of approximately $1,673,210 as of December 31, 2016. The tax loss carry-forwards are available to offset future taxable income with the federal carry-forwards beginning to expire in 2033. At December 31, 2016 the deferred tax valuation allowance increased by $62,800 from September 30, 2016. The realization of the tax benefits is subject to the sufficiency of taxable income in future years. The deferred tax assets represent the amounts expected to be realized before expiration. The Company periodically assesses the likelihood that it will be able to recover its deferred tax assets. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income and ongoing prudent and feasible profits. As of December 31, 2016 and September 30, 2016, the Company established valuation allowances equal to the full amount of the net deferred tax assets due to the uncertainty of the utilization of the operating losses in future periods. During the three months ended December 31, 2016 and 2015, no amounts have been recognized for uncertain tax positions and no amounts have been recognized related to interest or penalties related to uncertain tax positions. The Company has determined that it is not reasonably likely for the amounts of unrecognized tax benefits to significantly increase or decrease within the next twelve months. The Company is currently subject to a three year statute of limitations by major tax jurisdictions.

Derivatives

Derivatives	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Note 8 - Derivatives	The valuation of our embedded derivatives and warrant derivatives are determined primarily by the multinomial distribution (Lattice) model. An embedded derivative is a derivative instrument that is embedded within another contract, which under the convertible note (the host contract) includes the right to convert the note by the holder, certain default redemption right premiums and a change of control premium (payable in cash if a fundamental change occurs). In accordance with Accounting Standards Codification (“ASC”) 815 , Derivatives and Hedging · Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date. · Level 2 - Inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. · Level 3 - Unobservable inputs for the asset or liability only used when there is little, if any, market activity for the asset or liability at the measurement date. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. To determine the fair value of our embedded derivatives, management evaluates assumptions regarding the probability of certain future events. Other factors used to determine fair value include our period end stock price, historical stock volatility, risk free interest rate and derivative term. The fair value recorded for the derivative liability varies from period to period. This variability may result in the actual derivative liability for a period either above or below the estimates recorded on our consolidated financial statements, resulting in significant fluctuations in other income (expense) because of the corresponding non-cash gain or loss recorded.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies Policies
Basis of presentation	The Company reports revenues and expenses using the accrual method of accounting for financial and tax reporting purposes. These financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles.
Management estimates	The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue recognition	The Company recognizes revenue from sales at the time the products are shipped, the price is determinable, the customers are invoiced and payment is reasonably assured. Invoices are due on a net 30 day basis. Shipping and handling costs are billed to customers and netted against shipping and handling expenses incurred by the Company, which are included in cost of revenues. All of the Company's sales are to Multichip Display, Inc. (MDI), a shareholder of the Company. See Note 4.
Accounts receivable	The Company grants credit, generally without collateral. The Company performs periodic credit evaluations of its customers' financial condition and believes that its customer acceptance, billing and collection policies are adequate to minimize potential credit risk. The Company has not incurred any credit losses to date. The Company provides an allowance for doubtful accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. The allowance for bad debt is $10,000 at December 31, 2016 and $0 at December 31, 2015. Normal accounts receivable past due more than 30 days are considered delinquent. Delinquent receivables are written off based on individual credit evaluation and specific circumstances of the customer. See Note 4.
Inventories	Inventories were written off and the balance is $0 at December 31, 2016 and September 30, 2016.
Research and Development Costs	During the three months ended December 31, 2016 and 2015, research and development costs totaled $21,943 and $16,153.

Related Party Transactions wi15

Related Party Transactions with Multichip Display, Inc. (MDI) (Tables)	3 Months Ended
	Dec. 31, 2016
Related Party Transactions With Multichip Display Inc. Mdi Tables
Schedule of Related Party Transactions	The Company had the following related party transactions through December 31, 2016 for the time periods shown in the tables below. Three Months Ending December 31, 2016 2015 Sales to MDI $ 160,000 $ 170,112 Inventory purchases from MDI* 149,990 150,705 Interest expense to MDI 2,195 3,471 Receivable from MDI 783,650 623,650 Accounts payable to MDI 797,200 631,692 Accrued interest payable to MDI 71,180 75,867 Convertible note payable to MDI, net of discount of $18,298 and $24,397 respectively 91,487 85,388 __________ * Includes borrowings to pay for direct labor.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2016
Income Taxes Tables
Schedule of Components of Income Tax Expense	The difference between the expected income tax expense (benefit) and the actual tax expense (benefit) computed by using the Federal statutory rate of 34% is as follows: For the Three Months Ended December 31, 2016 2015 Expected income tax benefit at statutory rate of 34% $ 77,800 $ 62,800 Change in valuation allowance (77,800 ) (62,800 ) Income tax expense (benefit) $ 0 $ 0
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities are provided for significant income and expense items recognized in different years for tax and financial reporting purposes. Temporary differences, which give rise to a net deferred tax asset, are as follows: Deferred tax assets: December 31, 2016 September 30, 2016 Tax benefit of net operating loss carry-forward $ 643,000 $ 568,900 Book and tax difference for amortization of intangibles 52,000 48,400 Less: valuation allowance (695,000 ) (617,300 ) Net deferred tax asset $ 0 $ 0

Nature of Business (Details Nar

Nature of Business (Details Narrative)	3 Months Ended
	Dec. 31, 2016
Nature Of Business Details Narrative
State Country Name	State of Nevada
Date of incorporation	Oct. 15, 2012

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Going Concern Details Narrative
Net loss	$ (228,867)	$ (184,670)
Accumulated deficit	$ (2,045,143)		$ (1,816,390)

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Summary Of Significant Accounting Policies Details Narrative
Allowance for bad debt	$ 10,000	$ 0
Inventories	0		$ 0
Research and development costs	$ 21,943	$ 16,153
Trade Accounts receivable past due	30 days

Related Party Transactions wi20

Related Party Transactions with Multichip Display, Inc. (MDI) (Details) - USD ($)		3 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Sales [Member]
Related Party Transactions with MDI, Amount		$ 160,000	$ 170,112
Inventory purchases [Member]
Related Party Transactions with MDI, Amount	[1]	149,990	150,705
Interest expense [Member]
Related Party Transactions with MDI, Amount		2,195	3,471
Receivable [Member]
Related Party Transactions with MDI, Amount		783,650	623,650
Accounts payable [Member]
Related Party Transactions with MDI, Amount		797,200	631,692
Accrued interest payable [Member]
Related Party Transactions with MDI, Amount		71,180	75,867
Convertible note payable [Member]
Related Party Transactions with MDI, Amount		$ 91,487	$ 85,388
[1]	Includes borrowings to pay for direct labor.

Related Party Transactions wi21

Related Party Transactions with Multichip Display, Inc. (MDI) (Details Narrative) - USD ($)	Nov. 11, 2015	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Owned by a minority shareholder		1,000
Shares of the company		0.45%
Additional owned by shareholder, Shares		2,165
Additional owned by shareholder, Percent		1.05%
The total direct and indirect ownership of REAP		1.50%
Accounts receivable from MDI	$ 1,609,401
Remaining convertible note payable balance		$ 109,785
Interest rate		8.00%
Maturity date extended		December 31, 2017
Common stock, par value		$ 0.001		$ .001
Convertible note payable [Member]
Accounts payable to MDI		$ 1,474,186	$ 135,215

Related Party Transactions wi22

Related Party Transactions with Initial Shareholder Group (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Related Party Transactions With Initial Shareholder Group Details Narrative
Consulting fees payable to officers and shareholder	$ 182,365		$ 99,865
Consulting fees	88,889	$ 26,408
Payable to shareholder (Note 5)	74,110		74,110
Short-term loan payable to officer (Note 5)	$ 58,364		$ 53,154

Share Capital (Details Narrativ

Share Capital (Details Narrative) - $ / shares	Dec. 31, 2016	Sep. 30, 2016
Share Capital Details Narrative
Common stock, par value	$ 0.001	$ .001
Common stock, shares authorized	750,000,000	750,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details
Expected income tax benefit at statutory rate of 34%	$ 77,800	$ 62,800
Change in valuation allowance	(77,800)	(62,800)
Income tax expense (benefit)	$ 0	$ 0

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Deferred tax assets:
Tax benefit of net operating loss carry-forward	$ 643,000	$ 568,900
Book and tax difference for amortization of intangibles	52,000	48,400
Less: valuation allowance	(695,000)	(617,300)
Net deferred tax asset	$ 0	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details Narrative
Federal net operating tax loss carry-forward	$ 1,673,210
Net operating loss carryforwards, expiration date	2,033
Change in valuation allowance	$ (77,800)	$ (62,800)