LIQUIDITY |
12 Months Ended |
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Sep. 30, 2020 | |
GOING CONCERN [Abstract] | |
LIQUIDITY |
NOTE 6 - LIQUIDITY
Cash and cash equivalents increased by $48,285 during the fiscal year ended September 30, 2020, to $75,893. Net cash used in operating activities for the fiscal year ended September 30, 2020, was $1,802 compared to $69,357 for the fiscal year ended September 30, 2019.
At September 30, 2020, our total liabilities were $1,180,128, which included $253,372 in accounts payable, $43,457 in accrued expenses, $48,447 in notes payable stockholders, $106,727 in PPP note payable and $728,125 in deferred revenue. Deferred revenues are comprised of revenues from our annual ReadyOp subscriptions which are recognized over the period of the contract that is typically twelve months. |