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RELATED PARTY TRANSACTIONS
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12 Months Ended |
|---|---|
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Sep. 30, 2011
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| RELATED PARTY TRANSACTIONS [Abstract] | |
| RELATED PARTY TRANSACTIONS |
NOTE 8 - RELATED PARTY TRANSACTIONS
SIncluded in Accounts Payable is approximately $9,400 and $19,000 at September 30, 2011 and September 30, 2010, respectively, due to an officer of the Company.
During the year ended September 30, 2011, the Company issued 10,290,370 warrants to an officer and director of the Company for services valued at $56,000.
During the year ended September 30, 2011, the Company issued 8,796,000 shares to two officers and directors of the Company for services valued at $50,800.
For the year ended September 30, 2010, the Company issued 1,529,411 shares of common stock to a financial advisor in exchange for services valued at $24,470 and paid cash compensation totaling approximately $20,000.
For the year ended September 30, 2009, the Company issued 2,262,500 shares of common stock to a financial advisor in exchange for services valued at $52,875, in consideration for cancellation of all outstanding warrants held by him and paid cash compensation totaling $10,000. |