Cover
Cover - USD ($) | 3 Months Ended | ||
Dec. 31, 2021 | Apr. 13, 2022 | Mar. 31, 2021 | |
Cover [Abstract] | |||
Document Type | 10-KT | ||
Amendment Flag | false | ||
Document Annual Report | false | ||
Document Transition Report | true | ||
Document Period Start Date | Oct. 31, 2021 | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 1-03319 | ||
Entity Registrant Name | Quad M Solutions, Inc | ||
Entity Central Index Key | 0000066600 | ||
Entity Tax Identification Number | 82-0144710 | ||
Entity Incorporation, State or Country Code | ID | ||
Entity Address, Address Line One | 1111 Belt Line Road | ||
Entity Address, Address Line Two | Suite 108E | ||
Entity Address, City or Town | Garland | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 75040 | ||
City Area Code | (877) | ||
Local Phone Number | 465-8080 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Elected Not To Use the Extended Transition Period | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 685,100 | ||
Entity Common Stock, Shares Outstanding | 116,797,069 | ||
Documents Incorporated by Reference | None. | ||
Auditor Firm ID | 6849 | ||
Auditor Name | Hudgens CPA, PLLC | ||
Auditor Location | Houston, Texas |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 |
CURRENT ASSETS | |||
Cash and cash equivalents | $ 319,613 | $ 155,174 | $ 463,874 |
Prepaid financing fees | 15,000 | ||
Accounts receivable | 2,101,512 | ||
Total Current Assets | 2,421,125 | 155,174 | 478,874 |
TOTAL ASSETS | 2,421,125 | 155,174 | 478,874 |
CURRENT LIABILITIES | |||
Accounts payable | 399,494 | 16,628 | 12,190 |
Accrued interest | 166,916 | 131,833 | 81,468 |
Notes payable – related party | 57,618 | 57,618 | 59,790 |
Convertible debt, net | 601,900 | 266,739 | 818,596 |
Derivative liability | 4,421,956 | 2,718,312 | 3,763,090 |
Accrued expense | 700,625 | 701,880 | 690,334 |
Aurum payable | 400,000 | 400,000 | 400,000 |
Note payable | 4,234,799 | 4,139,771 | |
Accrued revenue | 2,063,745 | 5,315 | |
Due to preferred shareholders | 1,591,922 | 1,641,572 | |
Total Current Liabilities | 14,638,975 | 10,074,353 | 5,830,783 |
TOTAL LIABILITIES | 14,638,975 | 10,074,353 | 5,830,783 |
COMMITMENTS AND CONTINGENCIES | |||
STOCKHOLDERS’ (DEFICIT) | |||
Preferred stock, $.10 par value, 10,000,000 shares authorized; 2,614,600, 2,618,417 and 2,717,638 shares issued and outstanding | 261,460 | 261,842 | 271,764 |
Common stock, $0.001 par value, 900,000,000 shares authorized; 78,011,174, 66,748,674 and 20,121,010 shares issued and outstanding | 78,011 | 66,749 | 20,121 |
Additional paid-in capital | 18,151,756 | 17,306,313 | 11,014,932 |
Shares to be issued | 202,800 | 202,800 | 254,500 |
Subscription receivable | 3,100 | 3,100 | 3,100 |
Accumulated deficit | (30,908,777) | (27,753,783) | (16,910,125) |
Total Stockholders’ Deficit | (12,217,850) | (9,919,179) | (5,351,909) |
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) | $ 2,421,125 | $ 155,174 | $ 478,874 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 |
Statement of Financial Position [Abstract] | |||
Preferred stock, par value | $ 0.10 | $ 0.10 | $ 0.10 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 2,614,600 | 2,618,417 | 2,717,638 |
Preferred stock, shares outstanding | 2,614,600 | 2,618,417 | 2,717,638 |
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 900,000,000 | 900,000,000 | 900,000,000 |
Common stock, shares issued | 78,011,174 | 66,748,674 | 20,121,010 |
Common stock, shares outstanding | 78,011,174 | 66,748,674 | 20,121,010 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Income Statement [Abstract] | ||||
REVENUES | $ 12,034,752 | $ 9,012,802 | $ 39,863,450 | $ 17,378,502 |
COST OF SALES | 11,272,996 | 8,985,230 | 38,461,445 | 17,254,140 |
GROSS PROFIT | 761,756 | 27,572 | 1,402,005 | 124,362 |
OPERATING EXPENSES | ||||
Professional fees | 287,543 | 92,128 | 272,816 | 17,527 |
General and administrative | 534,199 | 274,819 | 1,528,344 | 1,368,272 |
Sales expense | 117 | 117 | 468 | 40,162 |
Officers’ fees | 150,000 | 49,000 | 266,001 | 59,169 |
Payroll expense | 457,809 | 143,652 | 961,041 | 231,837 |
Travel | 23,263 | 28,525 | 75,106 | 45,621 |
Stock compensation | 805,372 | |||
Research and development | 1,595,075 | |||
Bad Debt | 90,000 | |||
TOTAL OPERATING EXPENSES | 1,452,931 | 588,241 | 4,788,851 | 2,567,960 |
LOSS FROM OPERATIONS | (691,175) | (560,669) | (3,296,846) | (2,443,598) |
OTHER INCOME (EXPENSES) | ||||
Interest expense | (572,000) | (529,673) | (1,890,024) | (1,560,560) |
Financing Fees | 33,740 | 35,740 | 248,395 | |
Loss on issuance of convertible debt | (684,517) | (427,072) | (2,572,786) | (1,972,736) |
Loss on revaluation of derivative liability | (1,207,302) | 1,372,837 | 123,364 | (525,523) |
Loss on securities | (242,398) | |||
Loss on extinguishment of debt | (2,691,747) | (1,331,875) | ||
Loss on assignment of receivable | (35,699) | |||
Prepayment/default premium | (115,675) | (132,700) | ||
Other income | 3,551 | |||
Other expense | (35,357) | (4,280) | ||
TOTAL OTHER INCOME (EXPENSES) | (2,463,819) | 382,352 | (7,456,812) | (5,811,768) |
LOSS BEFORE TAXES | (3,154,994) | (178,317) | (10,843,658) | (8,255,367) |
INCOME TAXES | ||||
NET LOSS | $ (3,154,994) | $ (178,317) | $ (10,843,658) | $ (8,255,367) |
NET LOSS PER COMMON SHARE, BASIC AND DILUTED | $ 0.04 | $ (0.01) | $ (0.27) | $ (1.42) |
WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED | 74,923,674 | 26,729,079 | 39,973,472 | 5,809,941 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Deficit - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-in Capital [Member] | Stock To Be Issued Or Subscription Receivable [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Sep. 30, 2019 | $ 690 | $ 80,000 | $ 4,339,751 | $ (3,100) | $ (7,079,690) | $ (2,662,352) |
Balance, shares at Sep. 30, 2019 | 689,778 | 800,000 | ||||
Common stock issued for services | $ 213 | 72,387 | 296,058 | 368,658 | ||
Common stock issued for services, shares | 213,000 | |||||
Common stock issued for convertible debt & financing fees | $ 11,376 | 1,230,640 | 1,242,016 | |||
Common stock issued for convertible debt & financing fees, shares | 11,375,820 | |||||
Conversion of warrants | $ 1,074 | (1,074) | ||||
Conversion of warrants, shares | 1,074,302 | |||||
Conversion of preferred shares | $ 6,656 | $ (97,093) | 102,937 | 12,500 | ||
Conversion of preferred stock, shares | 6,656,250 | (970,930) | ||||
Preferred stock issued for cash | $ 500 | 24,500 | 25,000 | |||
Preferred stock issued for cash, shares | 5,000 | |||||
Preferred stock issued for financing fees | $ 2,075 | 205,425 | 207,500 | |||
Common stock issued for financing fees, shares | 20,750 | |||||
Preferred shares issued for services | $ 1,150 | 731,622 | (41,558) | 691,214 | ||
Preferred stock issued for services, shares | 11,500 | |||||
Preferred stock issued for exchanged warrants | $ 285,132 | (285,132) | ||||
Preferred stock issued for exchanged warrants, shares | 2,851,318 | |||||
Warrants issued for convertible debt | 383,014 | 383,014 | ||||
Retirement of derivative liabilities | 2,635,906 | 2,635,906 | ||||
Warrant down-round | 1,575,068 | (1,575,068) | ||||
Excess shares issued with split correction | $ 112 | (112) | ||||
Excess shares issued with split, shares | 111,860 | |||||
Net loss for period ending December 31, 2021 | (8,255,367) | (8,255,367) | ||||
Ending balance, value at Sep. 30, 2020 | $ 21,121 | $ 271,764 | 11,014,932 | 251,400 | (16,910,125) | (5,351,909) |
Balance, shares at Sep. 30, 2020 | 20,121,010 | 2,717,638 | ||||
Common stock issued for services | 72,050 | 72,050 | ||||
Conversion of warrants | $ 10,629 | (10,629) | ||||
Conversion of warrants, shares | 10,628,615 | |||||
Conversion of preferred shares | $ 17,271 | $ (2,029) | (13,982) | 1,260 | ||
Conversion of preferred stock, shares | 17,270,885 | (20,289) | ||||
Preferred stock issued for cash | $ 1,030 | 101,970 | 103,000 | |||
Preferred stock issued for cash, shares | 10,300 | |||||
Common stock issued for financing fees, shares | 20,000 | |||||
Preferred shares issued for services | $ 2,268 | 123,300 | (123,750) | 1,818 | ||
Preferred stock issued for services, shares | 22,682 | |||||
Warrants issued for convertible debt | 1,683,668 | 1,683,668 | ||||
Retirement of derivative liabilities | 2,987,005 | 2,987,005 | ||||
Excess shares issued with split correction | $ 4 | (4) | ||||
Excess shares issued with split, shares | 3,184 | |||||
Net loss for period ending December 31, 2021 | (10,843,658) | (10,843,658) | ||||
Common stock issued for convertible debt | $ 13,740 | 733,042 | 746,782 | |||
Common stock issued for convertible debt, shares | 13,740,825 | |||||
Common stock issued with convertible debt | $ 164 | 32,525 | 32,689 | |||
Common stock issued with convertible debt, shares | 164,155 | |||||
Common stock issued for financing fees | $ 20 | 4,320 | 4,340 | |||
Common stock issued for cancellation of preferred shares | $ 2,000 | $ (1,690) | 417,346 | 417,656 | ||
Common stock issued for preferred holder debt, Shares | 2,000,000 | (16,902) | ||||
Retirement of preferred shares | $ (9,030) | 176,721 | 167,691 | |||
Retirement of preferred shares, shares | (90,300) | |||||
Common stock issued for preferred holder debt | $ 2,800 | $ (471) | 56,100 | 58,429 | ||
Common stock issued for preferred debt holder,Shares | 2,800,000 | (4,712) | ||||
Ending balance, value at Sep. 30, 2021 | $ 66,749 | $ 261,842 | 17,306,313 | 199,700 | 27,753,783 | (9,919,179) |
Balance, shares at Sep. 30, 2021 | 66,748,674 | 2,618,417 | ||||
Common stock issued for services | $ 2,000 | 198,000 | 200,000 | |||
Common stock issued for services, shares | 2,000,000 | |||||
Conversion of warrants | $ 2,962 | (2,962) | ||||
Conversion of warrants, shares | 2,962,500 | |||||
Conversion of preferred shares | $ 3,100 | $ (181) | (2,919) | |||
Conversion of preferred stock, shares | 3,100,000 | (1,813) | ||||
Preferred shares issued for services | $ 200 | 99,800 | 100,000 | |||
Preferred stock issued for services, shares | 2,000 | |||||
Warrants issued for convertible debt | 506,674 | 506,674 | ||||
Warrant down-round | 1,575,068 | |||||
Net loss for period ending December 31, 2021 | (3,154,994) | (3,154,994) | ||||
Common stock issued for preferred holder debt, Shares | 3,200,000 | (4,004) | ||||
Common stock issued for preferred holder debt | $ 3,200 | $ (401) | 46,850 | 49,649 | ||
Ending balance, value at Dec. 31, 2021 | $ 78,011 | $ 261,460 | $ 18,151,756 | $ 199,700 | $ 30,908,777 | $ (12,217,850) |
Balance, shares at Dec. 31, 2021 | 78,011,174 | 2,614,600 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net income (loss) | $ (3,154,994) | $ (178,317) | $ (10,843,658) | $ (8,255,367) |
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: | ||||
Amortization of debt discount | 337,683 | 421,381 | 1,336,695 | 1,347,540 |
Financing fees | 2,045 | 15,000 | ||
Common stock issued for services | 200,000 | 45,050 | 72,050 | 368,658 |
Common stock issued for convertible debt default | (54,683) | 109,600 | ||
Common stock issued for financing fees | 5,840 | 4,340 | 27,250 | |
Common stock issued for conversion of preferred stock | 1,260 | |||
Preferred stock issued for financing fees | 207,500 | |||
Preferred stock issued for services | 100,000 | 1,819 | 691,214 | |
Loss on issuance of convertible debt | 684,517 | 427,072 | 3,554,900 | 3,274,483 |
Loss (gain) on revaluation of derivative liability | 1,207,302 | (1,372,837) | (123,264) | 525,523 |
Loss on extinguishment of debt | 2,650,223 | 30,128 | ||
Loss on assignment of receivable | 35,699 | |||
Loss on marketable securities | 5,718 | |||
Financing fees for conversion of preferred stock | 12,500 | |||
Bad Debt | 90,000 | |||
Changes in assets and liabilities: | ||||
Decrease (increase) in prepaids | (15,000) | |||
Decrease (increase) in accounts receivable | (2,101,512) | |||
Increase (decrease) in accounts payable | 381,458 | 36,533 | 4,439 | (21,019) |
Increase (decrease) in accrued interest | 35,084 | 42,945 | 57,322 | 163,868 |
Increase (decrease) in accrued expense | 150 | 11,057 | 11,546 | 405,000 |
Increase (decrease) in prepaid revenue | 2,063,745 | (5,315) | (5,315) | 5,315 |
Increase (decrease) in due to pref. shareholders | (300,000) | |||
Net cash used by operating activities | (246,567) | (564,546) | (3,521,708) | (1,087,437) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Available for sale securities | (5,718) | |||
Short term loan | (90,000) | (90,000) | ||
Net cash used by investing activities | (90,000) | (95,718) | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Proceeds from sale of common stock and warrants | ||||
Proceeds from sale of preferred stock | 103,000 | 103,000 | 25,000 | |
Proceeds from convertible debt, net | 318,501 | 204,657 | 238,658 | 1,636,402 |
Proceeds from note payable-related party | 92,505 | 1,662 | ||
Proceeds from short term loan | 400,000 | |||
Payment on note payable-related party | (2,172) | |||
Payment of convertible debt | (615,760) | (91,083) | ||
Proceeds from note payable | 3,585,000 | |||
Proceeds from assignment of receivables | 59,851 | |||
Payment on assignment of receivables | (95,550) | |||
Net cash provided by financing activities | 411,006 | 707,657 | 3,308,726 | 1,536,282 |
INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS | 164,439 | 53,111 | (308,700) | 449,174 |
Cash, beginning of period | 155,174 | 463,874 | 463,874 | 14,700 |
Cash, end of period | 319,613 | 516,985 | 155,174 | 463,874 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||
Interest paid | ||||
Income taxes paid | ||||
Derivative liabilities | 27,637 | 990,983 | 194,166 | 1,095,078 |
Common stock issued to retire convertible notes | $ 319,514 | $ 773,514 | $ 1,209,617 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 3 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Quad M Solutions, Inc. (“the Company”), f/k/a Mineral Mountain Mining & Milling Company, was incorporated under the laws of the State of Idaho on August 4, 1932 On March 22, 2019 the Company entered into two separate Share Exchange Agreements pursuant to which it agreed to acquire 100 400,000 400,000 The closing of the two Share Exchange Agreements occurred on April 16, 2019, at which date NuAxess and PR345 became wholly-owned subsidiaries of the Company. In addition, on April 16, 2019, the Company sold 75 10 Recent Developments-Former MMMM Mining Subsidiaries On May 13, 2019, the Company filed a Definitive Information Statement on Schedule 14C for the purpose of implementing the following corporate actions: (i) the increase in the authorized shares of common stock from 100 900 On June 7, 2019, the Company filed Articles of Amendment to its Articles of Incorporation with the Secretary of State of the State of Idaho effecting the Name Change. On June 14, 2019 the Company filed Articles of Amendment to its Articles of Incorporation with the Secretary of State of the State of Idaho effecting the Authorized Common Stock Share Increase. In addition, effecting the Authorized Common Stock Share Increase. In addition, on July 19, 2019, the Company obtained the requisite approval from FINRA for the Name Change. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of Quad M Solutions, Inc and its two wholly owned subsidiaries is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial statements. Basis of Presentation The consolidated financial statements incorporate the accounts of Quad M Solutions, Inc and its wholly owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. The accounts have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Accounting Method The Company’s financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Earnings (Losses) Per Share Basic earnings per share are computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the year. Fully-diluted earnings per share is computed by dividing net income (loss) by the sum of the weighted-average number of common shares outstanding and the additional common shares that would have been outstanding if potential common shares had been issued. Potential common shares are not included in the computation of fully diluted earnings per share if their effect is anti-dilutive. Cash Equivalents The Company considers cash, certificates of deposit, and debt instruments with a maturity of three months or less when purchased to be cash equivalents. Estimates The preparation of financial statements in accordance with generally accepted accounting principles in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company’s financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions and could have a material effect on the reported amounts of the Company’s financial position and results of operations. The Company had a set of convertible notes that had warrants with down round features and there have been events which have triggered recognition of the down round features. The accounting recognition of these features involved significant estimates by the Company management. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, cumulatively reduced retained earnings by $ 1,575,068 Fair Value of Financial Instruments The Company’s financial instruments as defined by ASC 825-10-50, include cash, receivables, accounts payable and accrued expenses. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at September 30, 2021 and 2020. The standards under ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. FASB ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows: Level 1. Observable inputs such as quoted prices in active markets; Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little of no market data, which require the reporting entity to develop its own assumptions. At December 31, 2021, September 30, 2021 and 2020 the Company did not have any assets measured at fair value other than cash and deposits. At December 31, 2021, September 30, 2021 and 2020 the Company had conversion features embedded in its convertible notes payable. The fair value measurement of those derivatives, using a Binomial valuation model, was 4,421,956 2,718,312 3,763,090 Going Concern As shown in the accompanying financial statements, the Company has incurred cumulative operating losses since inception. As of December 31, 2021, the Company has limited financial resources with which to achieve its objectives and attain profitability and positive cash flows from operations. As shown in the accompanying balance sheets and statements of operations, the Company has an accumulated deficit of $ 30,908,777 12,217,850 Achievement of the Company’s objectives will depend on its ability to obtain additional financing, to generate revenue from current and planned business operations, and to effectively operating and capital costs. The Company plans to fund its future operations by potential sales of its common stock or by issuing debt securities. However, there is no assurance that the Company will be able to generate sufficient equity and/or debt capital at terms and conditions satisfactory of the Company. Provision for Taxes Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition New Accounting Pronouncements The Company has evaluated the authoritative guidance issued subsequent to September 30, 2021 and does not expect the adoption of these standards to have a material effect on its financial position or results of operations. |
SHARE EXCHANGE AND ASSIGNMENT A
SHARE EXCHANGE AND ASSIGNMENT AGREEMENT | 3 Months Ended |
Dec. 31, 2021 | |
Share Exchange And Assignment Agreement | |
SHARE EXCHANGE AND ASSIGNMENT AGREEMENT | NOTE 3 – SHARE EXCHANGE AND ASSIGNMENT AGREEMENT On April 16, 2019, the Company entered into a Share Exchange and Assignment Agreement (the “MBO Agreement”) with Aurum, LLC (“Aurum”), a newly formed Nevada corporation organized by Sheldon Karasik, the Company’s former CEO, Chairman and a principal shareholder for the purpose of acquiring 75 10 100,000 96,673 403,327 |
CONVERTIBLE DEBT
CONVERTIBLE DEBT | 3 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE DEBT | NOTE 4 – CONVERTIBLE DEBT Outstanding Convertible Debt On or about November 4, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 25,000 , together with interest at the rate of 8 % per annum, with a maturity date of November 4, 2022 . During the period ended December 31, 2021, $ 312 of regular interest and $ 3,904 of debt discount was expensed. 50,000 , together with interest at the rate of 8 % per annum, with a maturity date of November 4, 2022 . During the period ended December 31, 2021, $ 624 of regular interest and $ 7,808 of debt discount was expensed. 25,000 , together with interest at the rate of 8 % per annum, with a maturity date of November 4, 2022 . During the period ended December 31, 2021, $ 312 of regular interest and $ 4,318 of debt discount was expensed. On or about November 4, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 50,000 , together with interest at the rate of 8 % per annum, with a maturity date of November 4, 2022 . During the period ended December 31, 2021, $ 624 of regular interest and $ 8,636 of debt discount was expensed. 220,000 , together with interest at the rate of 8 % per annum, with a maturity date of November 9, 2022 . During the period ended December 31, 2021, $ 2,542 of regular interest and $ 27,405 of debt discount, and $ 3,937 in derivative liability discount was expensed. 66,000 , together with interest at the rate of 12 % per annum, with a maturity date of April 29, 2020 . During the period ended September 30, 2021, $ 3,993 of regular interest, was expensed. During the period ended December 31, 2021, $ 3,993 of regular interest was expensed. On or about May 7, 2019, the Company issued a convertible promissory note to another institutional investor for the principal sum of $ 50,000 12 May 7, 2020 On April 5, 2021, the investor converted the outstanding principal into 925,930 15,918 On or about August 4, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 660,000 , together with interest at the rate of 8 % per annum, with a maturity date of August 4, 2022 . During the period ended December 31, 2021, $ 13,308 of regular interest and $ 166,356 of debt discount was expensed. On or about August 10, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 150,000 , together with interest at the rate of 8 % per annum, with a maturity date of August 10, 2022 . During the period ended December 31, 2021, $ 3,024.66 of regular interest and $ 37,498.63 of debt discount was expensed. On or about August 13, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 137,500 , together with interest at the rate of 8 % per annum, with a maturity date of August 13, 2022 . During the period ended December 31, 2021, $ 2,811 of regular interest, $ 30,499 of debt discount and $ 4,159 of derivative liability discount was expensed. On or about August 20, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 50,000 , together with interest at the rate of 8 % per annum, with a maturity date of August 20, 2022 . During the period ended December31, 2021, $ 1,008 of regular interest, $ 8,241 of debt discount and $ 4,362 of derivative liability discount was expensed. On or about September 20, 2021, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 110,000 , together with interest at the rate of 8 % per annum, with a maturity date of September 20, 2022 . During the period ended December 31, 2021, $ 2,218 of regular interest and $ 27,726 of debt discount was expensed. Retired Convertible Debt On or about November 27, 2018, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 63,000.00 12 November 27, 2019 The Company then issued a replacement convertible promissory note payable to the acquiring institutional investor for the principal sum of $ 96,816 with identical terms to the original note (interest at 12 % per annum, maturity date of November 27, 2019 , conversion rights and conversion price.) November 30, 2020 On or about October 1, 2019, the Company issued a convertible promissory note to the same institutional investor for the principal sum of $ 94,000 10 September 30, 2020 On or about September 1, 2020, the Company entered into a Note Modification Agreement (“Modification”) in which the two above notes in the amount of $ 94,000 8,627 96,816 20,403 250,000 8 December 31, 2021 4,322 91,993 5,750,000 On or about May 17, 2019, the Company issued a convertible promissory note to another institutional investor for the principal sum of $ 50,000 12 February 17, 2020 3,025 50,000 17,951 37,410 30,541 On or about January 17, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 50,000 , together with interest at the rate of 10 % per annum with a maturity date of October 11, 2020 . On October 11, 2020 this note fell into maturity date default and the interest rate increased to 22 %. During the period ended December 31, 2021, $ 2,773 of regular interest was expensed. During the period ended December 31, 2020, $ 2,592 of regular interest and $ 2,052 of derivative liability discount was expensed. On or about March 3, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 112,750 12 24 January 11, 2021 55,193 7,228 917,395 During the period ended December 31, 2020 the investor converted the remaining principal of $ 57,557 670 1,500 1,203,822 18,971 28,600 122,148 On or about June 4, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 75,000 12 18 June 4, 2021 1,603 1,353 49,400 On December 11, 2020, the investor converted the outstanding principal of $ 75,000 and $ 4,512 of accrued interest into 806,413 shares of common stock. On or about June 5, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 220,000 8 18 June 5, 2021 4,261 7,562 47,890 190,000 2,523,224 $ 30,000 12,956 4,644 47,600 On or about June 8, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 44,000 8 24 June 10, 2021 900 1,512 9,578 On April 13,2021, the Company paid $ 44,000 3,012 14,148 61,160 On or about June 10, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 44,000 8 24 June 10, 2021 660 4,136 26,196 On December 16, 2020 the investor converted the outstanding principal of $ 44,000 1,774 462,368 On or about July 1, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 173,500 12 24 June 15, 2021 5,321 45,736 On April 13,2021, the Company paid $ 94,180 16,483 4,337 115,000 On or about July 6, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of up to $ 150,000 10 15 50,000 1,260 8,723 3,709 50,000 3,904 28,596 82,500 On or about August 28, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 110,000 10 24 August 27, 2021 2,811 7,740 20,062 80,000 30,000 6,025 11,983 48,008 On or about April 1, 2020, the Company issued a promissory note to an institutional investor for the principal sum of $ 150,000 1.5 2,250 The lender was also granted 4% of collections received by the Company, from which interest would be paid first and any remaining amount would be applied to the outstanding principal. 300,000 4,500 600,000 March 31, 2022 The investor has the right at any time following the date of the Note to convert all or any part of the outstanding and unpaid principal amount of the Note into fully paid and non-assessable shares of Common Stock at $0.30 per share. During the period ended December 31, 2021There was no expense associated with this note. During the period ended December 31, 2020, $ 4,500 On or about April 9, 2021, this note was combined with other notes payable into a new non-convertible note payable. See Note 5. On or about October 21, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 55,000 , together with interest at the rate of 10 % per annum, with a maturity date of June 16, 2021 . During the period ended December 31, 2021, There was no expense associated with this note. During the period ended December 31, 2020, $ 2,983 of regular interest, $ 5,817 of original issue discount and $ 10,605 in derivative liability discount was expensed. On April 13,2021, the Company paid $ 55,000 in principle, $ 7,269 in accrued interest and $ 3,731 as a prepayment penalty in the total amount of $ 66,000 to fully extinguish the note. On or about October 22, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 55,000 12 October 21, 2021 1,266 1,635 8,942 55,000 3,110 17,057 71,167 On or about November 10, 2020, the Company issued a convertible promissory note to an institutional investor for the principal sum of $ 116,600 10 August 10, 2021 13,477 7,153 14,630 128,260 17,051 34,253 179,564 |
NOTE PAYABLE
NOTE PAYABLE | 3 Months Ended |
Dec. 31, 2021 | |
Note Payable | |
NOTE PAYABLE | NOTE 5 – NOTE PAYABLE On April 9, 2021, the Company entered into a Master Senior Loan Agreement (“MSLA”) with BeachStar Partners, LLC as Lender and Administrative Agent. Pursuant to the MSLA, the Company borrowed the initial sum of $ 4,200,000 18 63,000 4 The MSLA further provides for additional incremental loans in tranches of $ 1,000,000 199,234 |
COMMON STOCK AND PREFERRED STOC
COMMON STOCK AND PREFERRED STOCK | 3 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
COMMON STOCK AND PREFERRED STOCK | NOTE 6 – COMMON STOCK AND PREFERRED STOCK Upon formation the authorized capital of the Company was 2,000,000 .05 in 1953 the Company increased the authorized capital to 3,000,000 shares of common stock, in 1985 the authorized capital was again increased to 10,000,000 shares of common stock, and in 2014 the Company increased the authorized capital to 100,000,000 shares of common stock with a par value of $.001 and 10,000,000 shares of preferred stock with a par value of $.10. On May 13, 2019, the Company filed a DEF 14C approving the increase in authorized shares of common stock from 100,000,000 900,000,000 Preferred Stock Series B Super Voting Preferred Stock On March 21, 2019, the Company, while under the control of former CEO, Chairman and principal shareholder, Sheldon Karasik, filed a Certificate of Designation amending the Articles of Incorporation and designating the rights and restrictions of one (1) share of newly authorized Series B Super Voting Preferred Stock, par value $ 0.10 per share (the “Series B Preferred Stock”), pursuant to resolutions approved by the Board of Directors (the “Board”) on November 5, 2018. On March 21, 2019, the Company issued to Sheldon Karasik, the Chief Executive Officer, President and Chairman of the Board, the one (1) share of Series B Preferred Stock for $ 0.16 , which price was based on the closing price of the Company’s Common Stock of $ 0.16 as of November 5, 2018, the date of the issuance, which was approved by the Company’s then Board. Sheldon Karasik, as the holder of the Series B Preferred Stock, was entitled to vote together with the holders of the Company’s Common Stock upon all matters that may be submitted to holders of Common Stock for a vote, and on all such matters, the share of Series Voting Preferred Stock shall be entitled to that number of votes equal to 51% of the total number of votes that all issued and outstanding shares of Common Stock and all other securities of the Company are entitled to, as of any such date of determination, on a fully diluted basis. The Company filed the Certificate of Designation with the Secretary of State of Idaho on March 21, 2019. In connection with the closing of the SEAs and the MBO Agreement, Mr. Karasik transferred and assigned the Series B Preferred Stock to Pat Dileo, the Company’s CEO and Chairman. During the period ended December 31, 2021, Pat Dileo transferred and assigned the Series B Preferred Stock to the current CEO and Chairman, Joseph Frontiere. Series C and Series D Convertible Preferred Stock On April 2, 2019, the Company filed two Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 400,000 shares of Series C Convertible Preferred Stock par value $ 0.10 and 400,000 shares of Series D Convertible Preferred Stock par value $ 0.10 , which were originally issued pursuant to two separate Share Exchange Agreements, see Note 5. During the year-ended December 31, 2021, the holders of shares of Series C Convertible Preferred Stock and Series D Convertible Preferred Stock (collectively, the “Series C and Series D Shares”) converted a total of 28,038 Series C and Series D Shares into a total of 16,039,110 shares of Common Stock. Series E Convertible Preferred Stock On April 8, 2019, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 25,000 shares of Series E Convertible Preferred Stock with par value $ 0.10 and stated value $ 10 . On April 8, 2019, the Company issued 18,182 100,000 During the quarter ended March 31, 2021, a total of 1,365 2,150,000 During the quarter ended June 30, 2021, the Company issued 2,000,000 1,000,000 139,346 417,655 Series F Convertible Preferred Stock On March 9, 2019, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 20,750 shares of Series F Convertible Preferred Stock with par value $ 0.10 and stated value $ 10 . During the period ended March 31, 2020, 50 shares of Series F Preferred Stock were converted into 43,750 shares of common stock. 11,870 shares of Series F Preferred Stock were converted into 3,217,500 shares of common stock. 5,430 1,420,000 On October 2, 2020, the 3,400 881,250 13% Series G Cumulative Redeemable Perpetual Preferred Stock On April 27, 2020, the Company filed a Certificate of Designation amending the Articles of Incorporation and designation the rights and restrictions of 2,000,000 shares of 13% Series G Cumulative Redeemable Perpetual Preferred Stock, par value $ 0.10 and a stated value of $ 25 per share. The Series G Holders will not have any voting rights. To date, no shares of the Series G Cumulative Redeemable Perpetual Preferred Stock have been issued or are outstanding nor are there any plans to issue any shares of Series G Cumulative Redeemable Perpetual Preferred Stock. Series M Convertible Preferred Stock On April 27, 2020, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 50,000 shares of Series M Convertible Preferred Stock with par value $ 0.10 . On May 28, 2020, the Company’s Board of Directors approved the execution of consulting services agreements with six unrelated persons/entities, none of whom were affiliates of the Company, pursuant to which the Company agreed to the issuance of 11,500 During the quarter ended September 30, 2020, the Company issued 11,500 691,214 1,500 75,000 During the quarter ended December 31, 2020 the Company issued 4,500 225,000 During the quarter ended March 31, 2021, a total of 6,000 300,000 During the quarter ended June 30, 2021, there was no activity. During the quarter ended September 30, 2021, the 4,500 shares of Series M Preferred Shares that were previously disclosed as being converted during the quarter ended December 31, 2020, was reversed as it did not happen. Series A Convertible Preferred Stock On July 2, 2020, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 2,851,318 shares of Series A Convertible Preferred Stock with par value $ 0.10 . During the quarter ended September 30, 2020, 950,000 950,000 Series H Convertible Preferred Stock On August 28, 2020, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 5,000 shares of Series H Convertible Preferred Stock with par value $ 0.10 and stated value $ 10 . The shares were issued for cash of $ 25,000 . During the quarter ended March 31, 2021, a total of 1,259 599,733 7% Series O Cumulative Redeemable Perpetual Preferred Stock On September 28, 2020, the Company filed a Certificates of Designation amending the Articles of Incorporation and designation the rights and restrictions of 1,000,000 0.10 12.50 9% Series N Convertible Preferred Stock On November 20, 2020, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 100,000 shares of Series N Convertible Preferred Stock with par value $ 0.10 . On November 27, 2020 the Company issued 10,300 103,000 3,000 During the quarter ended June 30, 2021, the Company paid $ 136,933 33,933 Series R Convertible Preferred Stock On November 19, 2021, the Company filed a Certificates of Designation amending the Articles of Incorporation and the Certificates of Designation of the rights and restrictions of 100,000 shares of Series R Convertible Preferred Stock with par value $ 0.10 . On December 3, 2021, the Company issued 2,000 100,000 The shares of Preferred Stock outstanding at December 31, 2021 and September 30, 2021 SCHEDULE OF PREFERRED STOCK OUTSTANDING Period Ended Preferred Stock Series December 31, 2021 September 30, 2021 A 1,901,318 1,901,318 B 1 1 C 383,256 385,070 D 311,284 315,287 E - - F - - H 3,741 3,741 M 13,000 13,000 N - - R 2,000 - Total 2,614,600 2,618,417 Common Stock On February 23, 2020, the Company implemented a 1 for 100 reverse split During the three-month period ended December 31, 2019, the Company authorized for issuance 66,666 2,158 On December 5, 2019, the Company issued 7,819 7,000 460 0.009541 During the three-month period ended March 31, 2020, the Company issued 5,000 5,000 40,000 130,094 68,287 13,342 1,750 43,750 50 During the three-month period ended June 30, 2020, the Company issued 8,970,724 1,074,302 3,217,500 11,870 200,000 77,500 During the three-month period ended September 30, 2020, the Company issued 2,267,183 203,180 3,395,000 10,000 750,000 255,000 During the three-month period ended December 31, 2020, the Company issued 5,276,643 321,015 164,155 32,688 32,688 recorded 20,000 4,340 2,881,250 2,199,073 230,659 45,050 During the three-month period ended March 31, 2021, the Company issued 2,004,361 105,000 50,318 11,020 During the three-month period ended June 30, 2021, the Company issued 6,409,503 309,750 2,000,000 1,000,000 16,902 During the three-month period ended September 30, 2021, the Company issued 7,839,902 8,429,542 2,800,000 During the three-month period ended December 31, 2021, the Company issued 3,100,000 2,962,500 3,200,000 2,000,000 200,000 The following warrants were outstanding at December 31, 2021: SUMMARY OF WARRANTS OUTSTANDING Warrant Type Warrants Issued and Unexercised Exercise Price Expiration Date Warrants 10,000 $ 5.00 December 2021 Warrants 5,000 $ 10.00 December 2021 Warrants* 1,666,667 $ 0.02 December 2024 Warrants* 1,249,995 $ 0.60 July 2023 Warrants 3,000,000 $ 1.00 June 2024 Warrants 7,333,333 $ 0.09 August 2026 Warrants 1,666,667 $ 0.09 August 2026 Warrants 550,000 $ 0.09 August 2026 Warrants 555,555 $ 0.09 August 2026 Warrants 1,222,222 $ 0.09 August 2026 Warrants 1,252,526 $ 0.09 0.30 November 2026 * Each of these warrants have a down round feature that have been triggered by certain events resulting in recognition of the down round. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, has a cumulatively reduced retained earnings by $ 1,575,068 The following warrants were outstanding at December 31, 2020: Warrant Type Warrants Issued and Unexercised Exercise Price Expiration Date Warrants 10,000 $ 5.00 December 2021 Warrants 5,000 $ 10.00 December 2021 Warrants* 1,666,667 $ 0.02 December 2024 Warrants* 2,918,750 $ 7.00 March 2025 Warrants* 2,918,750 $ 0.40 June 2025 Warrants* 1,249,995 $ 0.60 July 2023 Warrants* 625,000 $ 0.40 June 2025 * Each of these warrants have a down round feature that have been triggered by certain events resulting in recognition of the down round. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, has a cumulatively reduced retained earnings by $ 1,575,068 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS During the year ended September 30, 2016 the Company issued a note payable to a family member of a former officer in the amount of $ 15,000 3,000 300,000 5,000 10 12,095 11,045 During the year ended September 30, 2017 the Company issued two notes payable to Premium Exploration Mining in the amount of $ 35,000 15,000 5 70,399 65,235 |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 8 – INCOME TAXES Topic 740 in the Accounting Standards Codification (ASC 740) prescribes recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At September 30, 2018 the Company had taken no tax positions that would require disclosure under ASC 740. The Company files income tax returns in the U.S. federal jurisdiction and the State of Idaho. The Company is currently in arrears in filing their federal and state tax returns, both jurisdictions statute of limitations of three years does not begin until the tax returns are filed. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. Significant components of the deferred tax assets at an anticipated tax rate of 21% for the period ended September 30, 2021 and September 30, 2020 are as follows: SUMMARY OF DEFERRED TAX ASSETS December 31, 2021 September 30, 2021 Net operating loss carryforwards 30,908,777 27,753,783 Deferred tax asset 6,824,052 6,142,603 Valuation allowance for deferred asset (6,824,052 ) (6,142,603 ) Net deferred tax asset - - At December 31, 2021 and September 30, 2021, the Company has net operating loss carryforwards of approximately $ 30,908,800 27,753,800 681,449 On December 22, 2017 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowered the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company computed its income tax expense for the December 31, 2017 fiscal year using a Federal Tax Rate of 21 The remeasurement of the deferred tax assets resulted in a $ 68,010 885,961 953,971 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS Not Applicable. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The consolidated financial statements incorporate the accounts of Quad M Solutions, Inc and its wholly owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. The accounts have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). |
Accounting Method | Accounting Method The Company’s financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. |
Earnings (Losses) Per Share | Earnings (Losses) Per Share Basic earnings per share are computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the year. Fully-diluted earnings per share is computed by dividing net income (loss) by the sum of the weighted-average number of common shares outstanding and the additional common shares that would have been outstanding if potential common shares had been issued. Potential common shares are not included in the computation of fully diluted earnings per share if their effect is anti-dilutive. |
Cash Equivalents | Cash Equivalents The Company considers cash, certificates of deposit, and debt instruments with a maturity of three months or less when purchased to be cash equivalents. |
Estimates | Estimates The preparation of financial statements in accordance with generally accepted accounting principles in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company’s financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions and could have a material effect on the reported amounts of the Company’s financial position and results of operations. The Company had a set of convertible notes that had warrants with down round features and there have been events which have triggered recognition of the down round features. The accounting recognition of these features involved significant estimates by the Company management. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, cumulatively reduced retained earnings by $ 1,575,068 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments as defined by ASC 825-10-50, include cash, receivables, accounts payable and accrued expenses. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at September 30, 2021 and 2020. The standards under ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. FASB ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows: Level 1. Observable inputs such as quoted prices in active markets; Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little of no market data, which require the reporting entity to develop its own assumptions. At December 31, 2021, September 30, 2021 and 2020 the Company did not have any assets measured at fair value other than cash and deposits. At December 31, 2021, September 30, 2021 and 2020 the Company had conversion features embedded in its convertible notes payable. The fair value measurement of those derivatives, using a Binomial valuation model, was 4,421,956 2,718,312 3,763,090 |
Going Concern | Going Concern As shown in the accompanying financial statements, the Company has incurred cumulative operating losses since inception. As of December 31, 2021, the Company has limited financial resources with which to achieve its objectives and attain profitability and positive cash flows from operations. As shown in the accompanying balance sheets and statements of operations, the Company has an accumulated deficit of $ 30,908,777 12,217,850 Achievement of the Company’s objectives will depend on its ability to obtain additional financing, to generate revenue from current and planned business operations, and to effectively operating and capital costs. The Company plans to fund its future operations by potential sales of its common stock or by issuing debt securities. However, there is no assurance that the Company will be able to generate sufficient equity and/or debt capital at terms and conditions satisfactory of the Company. |
Provision for Taxes | Provision for Taxes Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition |
New Accounting Pronouncements | New Accounting Pronouncements The Company has evaluated the authoritative guidance issued subsequent to September 30, 2021 and does not expect the adoption of these standards to have a material effect on its financial position or results of operations. |
COMMON STOCK AND PREFERRED ST_2
COMMON STOCK AND PREFERRED STOCK (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
SCHEDULE OF PREFERRED STOCK OUTSTANDING | The shares of Preferred Stock outstanding at December 31, 2021 and September 30, 2021 SCHEDULE OF PREFERRED STOCK OUTSTANDING Period Ended Preferred Stock Series December 31, 2021 September 30, 2021 A 1,901,318 1,901,318 B 1 1 C 383,256 385,070 D 311,284 315,287 E - - F - - H 3,741 3,741 M 13,000 13,000 N - - R 2,000 - Total 2,614,600 2,618,417 |
SUMMARY OF WARRANTS OUTSTANDING | The following warrants were outstanding at December 31, 2021: SUMMARY OF WARRANTS OUTSTANDING Warrant Type Warrants Issued and Unexercised Exercise Price Expiration Date Warrants 10,000 $ 5.00 December 2021 Warrants 5,000 $ 10.00 December 2021 Warrants* 1,666,667 $ 0.02 December 2024 Warrants* 1,249,995 $ 0.60 July 2023 Warrants 3,000,000 $ 1.00 June 2024 Warrants 7,333,333 $ 0.09 August 2026 Warrants 1,666,667 $ 0.09 August 2026 Warrants 550,000 $ 0.09 August 2026 Warrants 555,555 $ 0.09 August 2026 Warrants 1,222,222 $ 0.09 August 2026 Warrants 1,252,526 $ 0.09 0.30 November 2026 * Each of these warrants have a down round feature that have been triggered by certain events resulting in recognition of the down round. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, has a cumulatively reduced retained earnings by $ 1,575,068 The following warrants were outstanding at December 31, 2020: Warrant Type Warrants Issued and Unexercised Exercise Price Expiration Date Warrants 10,000 $ 5.00 December 2021 Warrants 5,000 $ 10.00 December 2021 Warrants* 1,666,667 $ 0.02 December 2024 Warrants* 2,918,750 $ 7.00 March 2025 Warrants* 2,918,750 $ 0.40 June 2025 Warrants* 1,249,995 $ 0.60 July 2023 Warrants* 625,000 $ 0.40 June 2025 * Each of these warrants have a down round feature that have been triggered by certain events resulting in recognition of the down round. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, has a cumulatively reduced retained earnings by $ 1,575,068 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
SUMMARY OF DEFERRED TAX ASSETS | Significant components of the deferred tax assets at an anticipated tax rate of 21% for the period ended September 30, 2021 and September 30, 2020 are as follows: SUMMARY OF DEFERRED TAX ASSETS December 31, 2021 September 30, 2021 Net operating loss carryforwards 30,908,777 27,753,783 Deferred tax asset 6,824,052 6,142,603 Valuation allowance for deferred asset (6,824,052 ) (6,142,603 ) Net deferred tax asset - - |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | Apr. 16, 2019 | Mar. 22, 2019 | Dec. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | May 13, 2019 | May 12, 2019 | Aug. 04, 1932 |
Date of incorporation | Aug. 4, 1932 | |||||||
Common stock shares authorizied | 900,000,000 | 900,000,000 | 900,000,000 | 900,000,000 | 100,000,000 | 2,000,000 | ||
Nu Axess2 Inc and PR 345 Inc [Member] | Share Exchange Agreements [Member] | Series C Preferred Stock [Member] | ||||||||
Business acquisition, consideration transferred, shares issued | 400,000 | |||||||
Nu Axess2 Inc and PR 345 Inc [Member] | Two Separate Share Exchange Agreements [Member] | Series D Preferred Stock [Member] | ||||||||
Business acquisition, consideration transferred, shares issued | 400,000 | |||||||
Nu Axess2 Inc and PR 345 Inc [Member] | Capital Stock [Member] | Share Exchange Agreements [Member] | ||||||||
Business acquisition percentage | 100.00% | |||||||
Aurum, LLC [Member] | Share Exchange Agreements [Member] | ||||||||
Equity interest in subsidiary sold, percentage | 75.00% | |||||||
Proceeds from sale of equity interest | $ 10 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Dec. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 |
Accounting Policies [Abstract] | |||
Down round features | $ 1,575,068 | ||
Accumulated deficit | 4,421,956 | $ 2,718,312 | $ 3,763,090 |
Retained Earnings (Accumulated Deficit) | 30,908,777 | $ 27,753,783 | $ 16,910,125 |
Working capital deficit | $ 12,217,850 |
SHARE EXCHANGE AND ASSIGNMENT_2
SHARE EXCHANGE AND ASSIGNMENT AGREEMENT (Details Narrative) | Apr. 16, 2019USD ($) |
Restructuring Cost and Reserve [Line Items] | |
Gain (loss) on disposal of subsidiary | $ 403,327 |
MBO Agreement [Member] | Aurum, LLC [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Proceeds from sale of equity interest | 10 |
Payment for sale of equity interest | 100,000 |
Assumed liabilities | $ 96,673 |
Aurum, LLC [Member] | Share Exchange Agreements [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Equity interest in subsidiary sold, percentage | 75.00% |
Proceeds from sale of equity interest | $ 10 |
CONVERTIBLE DEBT (Details Narra
CONVERTIBLE DEBT (Details Narrative) - USD ($) | Nov. 09, 2021 | Nov. 04, 2021 | Oct. 21, 2021 | Sep. 20, 2021 | Aug. 20, 2021 | Aug. 13, 2021 | Aug. 10, 2021 | Aug. 04, 2021 | Apr. 16, 2021 | Apr. 13, 2021 | Apr. 05, 2021 | Dec. 16, 2020 | Dec. 11, 2020 | Nov. 10, 2020 | Oct. 22, 2020 | Sep. 21, 2020 | Sep. 15, 2020 | Sep. 02, 2020 | Aug. 28, 2020 | Jun. 10, 2020 | Jun. 08, 2020 | Jun. 05, 2020 | Jun. 04, 2020 | Jun. 02, 2020 | Jun. 01, 2020 | Apr. 02, 2020 | Mar. 03, 2020 | Jan. 17, 2020 | Nov. 29, 2019 | Nov. 27, 2019 | Oct. 01, 2019 | May 17, 2019 | May 07, 2019 | Apr. 29, 2019 | Nov. 27, 2018 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 02, 2021 | Oct. 21, 2020 | Oct. 11, 2020 | Apr. 01, 2020 | Dec. 05, 2019 |
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | $ 572,000 | $ 529,673 | $ 1,890,024 | $ 1,560,560 | |||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | $ 10,605 | ||||||||||||||||||||||||||||||||||||||||||||
Post-split shares of common stock | 917,395 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 670 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 55,193 | 57,557 | 57,557 | ||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on extinguishment of debt | $ 30,541 | $ (2,650,223) | $ (30,128) | ||||||||||||||||||||||||||||||||||||||||||
Interest Payable | $ 7,228 | $ 460 | |||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | $ 66,000 | ||||||||||||||||||||||||||||||||||||||||||||
Note Modification Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 3,025 | ||||||||||||||||||||||||||||||||||||||||||||
Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 18,971 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 8,723 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 122,148 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 1,260 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 44,000 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | 71,167 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 1,266 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | Note Modification Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 4,322 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 91,993 | ||||||||||||||||||||||||||||||||||||||||||||
Post-split shares of common stock | 5,750,000 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 220,000 | $ 25,000 | $ 15,918 | $ 96,816 | $ 63,000 | ||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | 12.00% | 12.00% | |||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Nov. 9, 2022 | Nov. 4, 2022 | Nov. 30, 2020 | Nov. 27, 2019 | |||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 2,773 | 2,592 | |||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 28,600 | ||||||||||||||||||||||||||||||||||||||||||||
Debt conversion description | of regular interest and $ | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 2,052 | ||||||||||||||||||||||||||||||||||||||||||||
Post-split shares of common stock | 925,930 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note One [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 4,500 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 3,904 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note One [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 50,000 | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 12.00% | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Nov. 4, 2022 | Jun. 16, 2021 | Aug. 10, 2021 | Oct. 21, 2021 | Jun. 10, 2021 | Jan. 11, 2021 | Oct. 11, 2020 | Nov. 27, 2019 | May 7, 2020 | ||||||||||||||||||||||||||||||||||||
Original issue discount debt | 312 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note One [Member] | Another Institutional Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 66,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Apr. 29, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 3,993 | $ 3,993 | |||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Two [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 624 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 7,808 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Two [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 25,000 | $ 660,000 | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Nov. 4, 2022 | Aug. 4, 2022 | |||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 13,308 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 166,356 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Three [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 312 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 4,318 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Three [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 50,000 | $ 150,000 | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Nov. 4, 2022 | Aug. 10, 2022 | |||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 3,024.66 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 37,498.63 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Four [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 624 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 8,636 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 4,159 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Four [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 137,500 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Aug. 13, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 2,811 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 30,499 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Five [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 2,542 | 13,477 | |||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 27,405 | 1,635 | |||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 4,362 | 8,942 | |||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Five [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 50,000 | $ 116,600 | $ 55,000 | $ 55,000 | |||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 10.00% | 12.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Aug. 20, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 8,241 | 2,983 | |||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 5,817 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 3,937 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 7,269 | 1,008 | |||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 55,000 | ||||||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | 3,731 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Six [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 27,726 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Six [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 110,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 20, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | $ 2,218 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Seven [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 94,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Sep. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
Note One [Member] | Note Modification Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 17,951 | $ 8,627 | |||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 50,000 | 94,000 | |||||||||||||||||||||||||||||||||||||||||||
Note Two [Member] | Note Modification Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 20,403 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 37,410 | $ 96,816 | |||||||||||||||||||||||||||||||||||||||||||
New Long Term Note [Member] | Note Modification Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Dec. 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 250,000 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Nine [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 10.00% | 12.00% | ||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Feb. 17, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 112,750 | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Nine [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 24.00% | 22.00% | |||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Sixteen [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 1,500 | $ 1,500 | |||||||||||||||||||||||||||||||||||||||||||
Preferred stock issued for cash, shares | 1,203,822 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Seventeen [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 4, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | $ 1,603 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 1,353 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 49,400 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | $ 4,512 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 75,000 | $ 75,000 | |||||||||||||||||||||||||||||||||||||||||||
Preferred stock issued for cash, shares | 806,413 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Seventeen [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 18.00% | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Eighteen [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | 190,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 5, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 4,261 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 7,562 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 47,890 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 12,956 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 220,000 | $ 150,000 | $ 30,000 | ||||||||||||||||||||||||||||||||||||||||||
Preferred stock issued for cash, shares | 2,523,224 | ||||||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | $ 4,644 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | $ 47,600 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Eighteen [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 18.00% | 15.00% | |||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Nineteen [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 10, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 1,512 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 9,578 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 3,012 | 900 | |||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 44,000 | $ 44,000 | |||||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | 14,148 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | 61,160 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Nineteen [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 24.00% | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 26,196 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | 660 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 4,136 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 3,709 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 1,774 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 50,000 | $ 44,000 | |||||||||||||||||||||||||||||||||||||||||||
Preferred stock issued for cash, shares | 462,368 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 24.00% | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty One [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Jun. 15, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 45,736 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 16,483 | 5,321 | |||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 94,180 | $ 173,500 | |||||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | 4,337 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | 115,000 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty One [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 24.00% | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Two [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 17,057 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Two [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 3,904 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | 28,596 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | 82,500 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Three [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | 20,062 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 3,110 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 55,000 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Three [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 1.50% | |||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Aug. 27, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
Original issue discount debt | $ 4,500 | ||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 7,740 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 6,025 | 2,811 | |||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 30,000 | $ 110,000 | $ 80,000 | $ 150,000 | |||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | 11,983 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | 48,008 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Three [Member] | Investor [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 24.00% | ||||||||||||||||||||||||||||||||||||||||||||
Promissory Note [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | $ 300,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, fixed minimum | $ 2,250 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, description | The lender was also granted 4% of collections received by the Company, from which interest would be paid first and any remaining amount would be applied to the outstanding principal. | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Debt Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Convertible debt | $ 600,000 | ||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date | Mar. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
Debt conversion description | The investor has the right at any time following the date of the Note to convert all or any part of the outstanding and unpaid principal amount of the Note into fully paid and non-assessable shares of Common Stock at $0.30 per share. | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Four [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
[custom:OriginalIssueDiscountDebt] | 7,153 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Four [Member] | Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, accrued interest | 17,051 | ||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, face amount | 128,260 | ||||||||||||||||||||||||||||||||||||||||||||
Prepayment penalty | 34,253 | ||||||||||||||||||||||||||||||||||||||||||||
Extinguishment amount | $ 179,564 | ||||||||||||||||||||||||||||||||||||||||||||
Convertible Promissory Note Twenty Four [Member] | Accredited Investor [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
[custom:DerivativeLiabilityDebtDiscount] | $ 14,630 |
NOTE PAYABLE (Details Narrative
NOTE PAYABLE (Details Narrative) - USD ($) | Apr. 09, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 |
Note interest rate | $ 572,000 | $ 529,673 | $ 1,890,024 | $ 1,560,560 | |
BeachStar Partners, LLC [Member] | Master Senior Loan Agreement [Member] | |||||
Loan borrowed | $ 4,200,000 | ||||
Note interest rate | 18.00% | ||||
Debt monthly payment | $ 63,000 | ||||
Loan description | The MSLA further provides for additional incremental loans in tranches of $1,000,000 per every 500 insured lives added by the Company, up to a maximum of 65,000 insured lives, or $130,000,000. | ||||
Note interest rate | $ 199,234 | ||||
BeachStar Partners, LLC [Member] | Master Senior Loan Agreement [Member] | Tranches [Member] | |||||
Additional incremental loans | $ 1,000,000 | ||||
BeachStar Partners, LLC [Member] | Master Senior Loan Agreement [Member] | Maximum [Member] | |||||
Note interest rate | 4.00% |
SCHEDULE OF PREFERRED STOCK OUT
SCHEDULE OF PREFERRED STOCK OUTSTANDING (Details) - shares | Dec. 31, 2021 | Sep. 30, 2021 |
Class of Stock [Line Items] | ||
Total | 2,614,600 | 2,618,417 |
Series A Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 1,901,318 | 1,901,318 |
Series B Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 1 | 1 |
Series C Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 383,256 | 385,070 |
Series D Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 311,284 | 315,287 |
Series E Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | ||
Series F Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | ||
Series H Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 3,741 | 3,741 |
Series M Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 13,000 | 13,000 |
Series N Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | ||
Series R Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Total | 2,000 |
SUMMARY OF WARRANTS OUTSTANDING
SUMMARY OF WARRANTS OUTSTANDING (Details) - $ / shares | 3 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | |||
Warrant One [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 10,000 | 10,000 | ||
Exercise Price | $ 5 | $ 5 | ||
Expiration Date | Dec. 31, 2021 | Dec. 31, 2021 | ||
Warrant Two [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 5,000 | 5,000 | ||
Exercise Price | $ 10 | $ 10 | ||
Expiration Date | Dec. 31, 2021 | Dec. 31, 2021 | ||
Warrant Three [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 1,666,667 | [1] | 1,666,667 | [2] |
Exercise Price | $ 0.02 | [1] | $ 0.02 | [2] |
Expiration Date | Dec. 31, 2024 | [1] | Dec. 31, 2024 | [2] |
Warrant Four [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 1,249,995 | [1] | 2,918,750 | [2] |
Exercise Price | $ 0.60 | [1] | $ 7 | [2] |
Expiration Date | Jul. 31, 2023 | [1] | Mar. 31, 2025 | [2] |
Warrant Five [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 3,000,000 | 2,918,750 | [2] | |
Exercise Price | $ 1 | $ 0.40 | [2] | |
Expiration Date | Jun. 30, 2024 | Jun. 30, 2025 | [2] | |
Warrant Six [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 7,333,333 | 1,249,995 | [2] | |
Exercise Price | $ 0.09 | $ 0.60 | [2] | |
Expiration Date | Aug. 31, 2026 | Jul. 31, 2023 | [2] | |
Warrant Seven [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 1,666,667 | 625,000 | [2] | |
Exercise Price | $ 0.09 | $ 0.40 | [2] | |
Expiration Date | Aug. 31, 2026 | Jun. 30, 2025 | [2] | |
Warrant Eight [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 550,000 | |||
Exercise Price | $ 0.09 | |||
Expiration Date | Aug. 31, 2026 | |||
Warrant Nine [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 555,555 | |||
Exercise Price | $ 0.09 | |||
Expiration Date | Aug. 31, 2026 | |||
Warrant Ten [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 1,222,222 | |||
Exercise Price | $ 0.09 | |||
Expiration Date | Aug. 31, 2026 | |||
Warrant Eleven [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Warrants Issued and Unexercised | 1,252,526 | |||
Expiration Date | Nov. 30, 2026 | |||
Warrant Eleven [Member] | Minimum [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Exercise Price | $ 0.09 | |||
Warrant Eleven [Member] | Maximum [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Exercise Price | $ 0.30 | |||
[1] | Each of these warrants have a down round feature that have been triggered by certain events resulting in recognition of the down round. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, has a cumulatively reduced retained earnings by $ 1,575,068 | |||
[2] | Each of these warrants have a down round feature that have been triggered by certain events resulting in recognition of the down round. The accounting recognition of the triggered down round features, which have the same accounting effect as a “dividend”, has a cumulatively reduced retained earnings by $ 1,575,068 |
SUMMARY OF WARRANTS OUTSTANDI_2
SUMMARY OF WARRANTS OUTSTANDING (Details) (Parenthetical) - USD ($) | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | |
Equity [Abstract] | |||
Warrant down-round | $ 1,575,068 | $ 1,575,068 |
COMMON STOCK AND PREFERRED ST_3
COMMON STOCK AND PREFERRED STOCK (Details Narrative) - USD ($) | Dec. 03, 2021 | Nov. 19, 2021 | Apr. 16, 2021 | Nov. 27, 2020 | Nov. 20, 2020 | Oct. 02, 2020 | Sep. 28, 2020 | Aug. 28, 2020 | Jul. 02, 2020 | May 28, 2020 | Apr. 27, 2020 | Feb. 23, 2020 | Dec. 05, 2019 | Apr. 08, 2019 | Apr. 02, 2019 | Mar. 21, 2019 | Mar. 09, 2019 | Aug. 04, 1932 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 15, 2020 | May 13, 2019 | May 12, 2019 | Nov. 05, 2018 |
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 2,000,000 | 900,000,000 | 900,000,000 | 900,000,000 | 900,000,000 | 900,000,000 | 900,000,000 | 100,000,000 | ||||||||||||||||||||||||||
Common stock, par value | $ 0.05 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.16 | |||||||||||||||||||||||||||
Increased authorized share capital, description | in 1953 the Company increased the authorized capital to 3,000,000 shares of common stock, in 1985 the authorized capital was again increased to 10,000,000 shares of common stock, and in 2014 the Company increased the authorized capital to 100,000,000 shares of common stock with a par value of $.001 and 10,000,000 shares of preferred stock with a par value of $.10. On May 13, 2019, the Company filed a DEF 14C approving the increase in authorized shares of common stock from 100,000,000 shares to 900,000,000 shares. | |||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.10 | |||||||||||||||||||||||||||||
Conversion of stock, shares converted | 3,100,000 | 7,839,902 | 6,409,503 | 2,004,361 | ||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 103,000 | $ 25,000 | ||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | $ 30,541 | (2,650,223) | (30,128) | |||||||||||||||||||||||||||||||
Stock issued during the period services, value | 200,000 | 72,050 | 368,658 | |||||||||||||||||||||||||||||||
Reverse split stock | 1 for 100 reverse split | |||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 7,819 | |||||||||||||||||||||||||||||||||
Stock issued during the period for convertible, value | $ 7,000 | 746,782 | ||||||||||||||||||||||||||||||||
Accrued interest | $ 460 | $ 7,228 | ||||||||||||||||||||||||||||||||
Debt instrument, conversion price | $ 0.009541 | |||||||||||||||||||||||||||||||||
Amortization of debt discount | $ 337,683 | $ 421,381 | $ 1,336,695 | $ 1,347,540 | ||||||||||||||||||||||||||||||
Conversion of Stock, Amount Converted | $ 309,750 | $ 105,000 | ||||||||||||||||||||||||||||||||
Commitment share adjustment for convertible debt, shares | 50,318 | |||||||||||||||||||||||||||||||||
Commitment share adjustment for convertible debt, value | $ 11,020 | |||||||||||||||||||||||||||||||||
Additional shares issued | 2,000,000 | |||||||||||||||||||||||||||||||||
Additional common stock value | $ 200,000 | |||||||||||||||||||||||||||||||||
Convertible Debt [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 230,659 | |||||||||||||||||||||||||||||||||
Common stock issued for services, values | 45,050 | |||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 5,276,643 | 2,267,183 | ||||||||||||||||||||||||||||||||
Stock issued during the period for convertible, value | $ 321,015 | $ 203,180 | ||||||||||||||||||||||||||||||||
Financing fees | 4,340 | |||||||||||||||||||||||||||||||||
Amortization of debt discount | $ 32,688 | |||||||||||||||||||||||||||||||||
Convertible Debt One [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 164,155 | |||||||||||||||||||||||||||||||||
Stock issued during the period for convertible, value | $ 32,688 | |||||||||||||||||||||||||||||||||
Common Stock Five [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 2,150,000 | |||||||||||||||||||||||||||||||||
Common Stock Two [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 75,000 | 43,750 | 3,217,500 | |||||||||||||||||||||||||||||||
Common Stock One [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 599,733 | 1,420,000 | ||||||||||||||||||||||||||||||||
Common stock issued for services, values | 750,000 | |||||||||||||||||||||||||||||||||
Stock issued during the period services, value | $ 255,000 | $ 77,500 | ||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 2,800,000 | 2,000,000 | 300,000 | 225,000 | 950,000 | 43,750 | ||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 5,000 | |||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 40,000 | |||||||||||||||||||||||||||||||||
Common stock issued for extinguishment of preferred shares | 3,200,000 | 2,000,000 | ||||||||||||||||||||||||||||||||
Common stock issued for services, values | 2,000,000 | 10,000 | 200,000 | 5,000 | 213,000 | |||||||||||||||||||||||||||||
Stock issued during the period services, value | $ 2,000 | $ 213 | ||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 3,217,500 | 130,094 | 13,740,825 | |||||||||||||||||||||||||||||||
Stock issued during the period for convertible, value | $ 68,287 | $ 13,740 | ||||||||||||||||||||||||||||||||
Accrued interest | 13,342 | |||||||||||||||||||||||||||||||||
Financing fees | $ 1,750 | |||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 3,200,000 | |||||||||||||||||||||||||||||||||
Common Stock [Member] | Convertible Debt [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 20,000 | |||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 8,970,724 | |||||||||||||||||||||||||||||||||
Warrant [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 1,074,302 | |||||||||||||||||||||||||||||||||
Warrant [Member] | Convertible Debt [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 2,199,073 | |||||||||||||||||||||||||||||||||
Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 10,300 | 5,000 | ||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 1,030 | $ 500 | ||||||||||||||||||||||||||||||||
Common stock issued for extinguishment of preferred shares | (4,004) | (16,902) | ||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 3,395,000 | |||||||||||||||||||||||||||||||||
Preferred Stock [Member] | Convertible Debt [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 2,881,250 | |||||||||||||||||||||||||||||||||
Investor [Member] | Common Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 66,666 | |||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 2,158 | |||||||||||||||||||||||||||||||||
MBO Agreement [Member] | Investor [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 100,000 | |||||||||||||||||||||||||||||||||
Preferred Class B [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.16 | |||||||||||||||||||||||||||||||||
Series C Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 400,000 | |||||||||||||||||||||||||||||||||
Series D Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 400,000 | |||||||||||||||||||||||||||||||||
Series C Convertible and Series D Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 28,038 | |||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 881,250 | |||||||||||||||||||||||||||||||||
Number of shares issued for conversion | 16,039,110 | |||||||||||||||||||||||||||||||||
Series E Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 16,902 | 1,365 | ||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 25,000 | |||||||||||||||||||||||||||||||||
Preferred stock share price | $ 10 | |||||||||||||||||||||||||||||||||
Common stock issued for extinguishment of preferred shares | 2,000,000 | |||||||||||||||||||||||||||||||||
Warrants issued for extinguishment of preferred shares | 2,962,500 | 8,429,542 | 1,000,000 | |||||||||||||||||||||||||||||||
Warrants issued for extinguishment of preferred shares, value | 139,346 | |||||||||||||||||||||||||||||||||
Warrants Conversion | 1,000,000 | |||||||||||||||||||||||||||||||||
Series E Convertible Preferred Stock [Member] | MBO Agreement [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 18,182 | |||||||||||||||||||||||||||||||||
Series E Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | $ 417,655 | |||||||||||||||||||||||||||||||||
Series F Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 20,750 | |||||||||||||||||||||||||||||||||
Preferred stock share price | $ 10 | |||||||||||||||||||||||||||||||||
Series F Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 3,400 | 5,430 | 50 | 11,870 | ||||||||||||||||||||||||||||||
Stock issued during the period for convertible | 11,870 | |||||||||||||||||||||||||||||||||
13% Series G Cumulative Redeemable Perpetual Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 2,000,000 | |||||||||||||||||||||||||||||||||
Preferred stock share price | $ 25 | |||||||||||||||||||||||||||||||||
Series M Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 6,000 | |||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 50,000 | |||||||||||||||||||||||||||||||||
Common stock issued for services, values | 11,500 | |||||||||||||||||||||||||||||||||
Series M Convertible Preferred Stock [Member] | Consulting Services Agreements [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Number of shares issued for conversion | 11,500 | |||||||||||||||||||||||||||||||||
Series M Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 4,500 | |||||||||||||||||||||||||||||||||
Stock issued during the period services, value | $ 691,214 | |||||||||||||||||||||||||||||||||
Convertible Preferred Stock, Shares Reserved for Future Issuance | 4,500 | 4,500 | ||||||||||||||||||||||||||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 2,851,318 | |||||||||||||||||||||||||||||||||
Series A Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 950,000 | |||||||||||||||||||||||||||||||||
Series H Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 1,259 | |||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 5,000 | |||||||||||||||||||||||||||||||||
Preferred stock share price | $ 10 | |||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 25,000 | |||||||||||||||||||||||||||||||||
Series O 7% Redeemable Cumulative Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 1,000,000 | |||||||||||||||||||||||||||||||||
Preferred stock share price | $ 12.50 | |||||||||||||||||||||||||||||||||
Series N Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 100,000 | |||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 10,300 | |||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 103,000 | |||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | 33,933 | |||||||||||||||||||||||||||||||||
Payments related to issuance of fees | $ 3,000 | |||||||||||||||||||||||||||||||||
Payment for extinguishment of preferred stock | $ 136,933 | |||||||||||||||||||||||||||||||||
Series R Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 100,000 | |||||||||||||||||||||||||||||||||
Series R Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Stock issued during period, shares, new issues | 2,000 | |||||||||||||||||||||||||||||||||
Stock issued during the period, value | $ 100,000 | |||||||||||||||||||||||||||||||||
Sheldon Karasik [Member] | Series B Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ 0.10 | |||||||||||||||||||||||||||||||||
Preferred Stock, Voting Rights | Series Voting Preferred Stock shall be entitled to that number of votes equal to 51% of the total number of votes that all issued and outstanding shares of Common Stock and all other securities of the Company are entitled to, as of any such date of determination, on a fully diluted basis. | |||||||||||||||||||||||||||||||||
Shareholders [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Conversion of stock, shares converted | 1,500 | |||||||||||||||||||||||||||||||||
Minimum [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 100,000,000 | |||||||||||||||||||||||||||||||||
Maximum [Member] | ||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 900,000,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Sep. 15, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2016 | Sep. 30, 2020 | Sep. 30, 2017 | Jul. 24, 2016 |
Related Party Transaction [Line Items] | ||||||||
Notes payable | $ 4,234,799 | $ 4,139,771 | ||||||
Debt conversion converted instrument, shares issued | 917,395 | |||||||
Repayment of related party debt | 2,172 | |||||||
Notes payable | 166,916 | $ 131,833 | $ 81,468 | |||||
Former Officer [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Notes payable | 12,095 | 11,045 | $ 15,000 | |||||
Debt conversion converted amount | $ 3,000 | |||||||
Debt conversion converted instrument, shares issued | 300,000 | |||||||
Repayment of related party debt | $ 5,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | |||||||
Premium Exploration Mining [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Notes payable | $ 70,399 | $ 65,235 | ||||||
Premium Exploration Mining [Member] | Notes Payable One [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Notes payable | $ 35,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||||||
Premium Exploration Mining [Member] | Notes Payable Two [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Notes payable | $ 15,000 |
SUMMARY OF DEFERRED TAX ASSETS
SUMMARY OF DEFERRED TAX ASSETS (Details) - USD ($) | Dec. 31, 2021 | Sep. 30, 2021 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforwards | $ 30,908,777 | $ 27,753,783 |
Deferred tax asset | 6,824,052 | 6,142,603 |
Valuation allowance for deferred asset | (6,824,052) | (6,142,603) |
Net deferred tax asset |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 3 Months Ended | |
Dec. 31, 2021 | Sep. 30, 2021 | |
Income Tax Disclosure [Abstract] | ||
Operating loss carryforwards, net | $ 30,908,777 | $ 27,753,783 |
Change in valuation allowance | $ 681,449 | |
Income tax description | On December 22, 2017 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowered the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company computed its income tax expense for the December 31, 2017 fiscal year using a Federal Tax Rate of 21% | |
Income tax rate, percentage | 21.00% | |
Description of reduction in deferred tax assets | The remeasurement of the deferred tax assets resulted in a $68,010 reduction in tax assets to $885,961 from an estimate of $953,971 that the assets would have been using a 35% effective tax rate | |
Reduction in tax assets | $ 68,010 | |
Reduction tax assets | 885,961 | |
Assets estimated for reduction | $ 953,971 |