0001425883
2014-09-30
0001425883
us-gaap:FairValueInputsLevel1Member
2014-09-30
0001425883
us-gaap:FairValueInputsLevel2Member
2014-09-30
0001425883
us-gaap:FairValueInputsLevel3Member
2014-09-30
0001425883
2014-10-01
2015-09-30
0001425883
2013-10-01
2014-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2014-09-30
0001425883
2016-05-31
0001425883
us-gaap:SeriesAPreferredStockMember
2015-09-30
0001425883
2015-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2015-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2014-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2015-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2014-09-30
0001425883
2013-09-30
0001425883
us-gaap:FairValueInputsLevel1Member
2015-09-30
0001425883
us-gaap:FairValueInputsLevel2Member
2015-09-30
0001425883
us-gaap:FairValueInputsLevel3Member
2015-09-30
0001425883
us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember
2013-10-01
2014-09-30
0001425883
us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember
2014-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2015-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2014-09-30
0001425883
us-gaap:CommonStockMember
2013-10-01
2014-09-30
0001425883
us-gaap:CommonStockMember
2014-10-01
2015-09-30
0001425883
us-gaap:CommonStockMember
2013-09-30
0001425883
us-gaap:CommonStockMember
2014-09-30
0001425883
us-gaap:CommonStockMember
2015-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2013-10-01
2014-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2014-10-01
2015-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2013-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2014-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2015-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2013-10-01
2014-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2014-10-01
2015-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2013-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2014-09-30
0001425883
IFLM:SeriesAAPreferredStockMember
2015-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2013-10-01
2014-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2014-10-01
2015-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2013-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2014-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2015-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2013-10-01
2014-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2014-10-01
2015-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2013-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2014-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
2015-09-30
0001425883
us-gaap:AdditionalPaidInCapitalMember
2013-10-01
2014-09-30
0001425883
us-gaap:AdditionalPaidInCapitalMember
2014-10-01
2015-09-30
0001425883
us-gaap:AdditionalPaidInCapitalMember
2013-09-30
0001425883
us-gaap:AdditionalPaidInCapitalMember
2014-09-30
0001425883
us-gaap:AdditionalPaidInCapitalMember
2015-09-30
0001425883
us-gaap:RetainedEarningsMember
2013-10-01
2014-09-30
0001425883
us-gaap:RetainedEarningsMember
2014-10-01
2015-09-30
0001425883
us-gaap:RetainedEarningsMember
2013-09-30
0001425883
us-gaap:RetainedEarningsMember
2014-09-30
0001425883
us-gaap:RetainedEarningsMember
2015-09-30
0001425883
IFLM:PreferredStockPayableMember
2013-10-01
2014-09-30
0001425883
IFLM:PreferredStockPayableMember
2014-10-01
2015-09-30
0001425883
IFLM:PreferredStockPayableMember
2013-09-30
0001425883
IFLM:PreferredStockPayableMember
2014-09-30
0001425883
IFLM:PreferredStockPayableMember
2015-09-30
0001425883
IFLM:CommonStockSubscribedMember
2013-10-01
2014-09-30
0001425883
IFLM:CommonStockSubscribedMember
2014-10-01
2015-09-30
0001425883
IFLM:CommonStockSubscribedMember
2013-09-30
0001425883
IFLM:CommonStockSubscribedMember
2014-09-30
0001425883
IFLM:CommonStockSubscribedMember
2015-09-30
0001425883
us-gaap:GainLossOnDerivativeInstrumentsMember
2014-09-30
0001425883
us-gaap:GainLossOnDerivativeInstrumentsMember
2015-09-30
0001425883
us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember
2014-10-01
2015-09-30
0001425883
us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember
2013-09-30
0001425883
us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMarchNineteenTwoThousandFifteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMarchNineteenTwoThousandFifteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMayEighteenTwoThousandFifteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMayEighteenTwoThousandFifteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMayTwentyTwoThousandFifteenOneMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMayTwentyTwoThousandFifteenOneMember
2015-09-30
0001425883
2016-03-31
0001425883
IFLM:ConvertibleNotesPayableAprilNineTwoThousandAndTwelveMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableAprilNineTwoThousandAndTwelveMember
2015-09-30
0001425883
us-gaap:ConvertibleNotesPayableMember
2014-10-01
2015-09-30
0001425883
us-gaap:ConvertibleNotesPayableMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenOneMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenOneMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandAndFourteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandAndFourteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayabelJulySeventeenTwoThousandAndFourteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayabelJulySeventeenTwoThousandAndFourteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableAugustEighteenTwoThousandAndFifteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableAugustEighteenTwoThousandAndFifteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableJulyFiveTwoThousandAndFifteenMember
2014-10-01
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableJulyFiveTwoThousandAndFifteenMember
2015-09-30
0001425883
IFLM:ConvertibleDebtOneMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableOneMember
2015-09-30
0001425883
us-gaap:LoansPayableMember
2015-09-30
0001425883
IFLM:ConvertibleDebtOneMember
2014-09-30
0001425883
IFLM:ConvertibleNotesPayableOneMember
2014-09-30
0001425883
us-gaap:LoansPayableMember
2014-09-30
0001425883
IFLM:ChiefExecutiveOfficerOneMember
2015-09-30
0001425883
IFLM:ChiefExecutiveOfficerOneMember
2014-09-30
0001425883
IFLM:ChiefCommunicationsOfficerMember
2014-09-30
0001425883
IFLM:ChiefCommunicationsOfficerMember
2015-09-30
0001425883
IFLM:FormerChiefFinancialOfficerMember
2015-09-30
0001425883
IFLM:FormerChiefFinancialOfficerMember
2014-09-30
0001425883
IFLM:FormerChiefExecutiveOfficerMember
2015-09-30
0001425883
IFLM:FormerChiefExecutiveOfficerMember
2014-09-30
0001425883
IFLM:FormerChiefFinancialOfficerOneMember
2015-09-30
0001425883
IFLM:FormerChiefFinancialOfficerOneMember
2014-09-30
0001425883
us-gaap:SeriesFPreferredStockMember
IFLM:SharePurchaseAgreementMember
2015-09-20
2015-09-21
0001425883
us-gaap:SeriesFPreferredStockMember
IFLM:SharePurchaseAgreementMember
2015-09-21
0001425883
us-gaap:ConvertibleDebtMember
2012-04-09
0001425883
us-gaap:ConvertibleDebtMember
2012-04-08
2012-04-09
0001425883
us-gaap:ConvertibleDebtMember
2011-10-01
2012-09-30
0001425883
us-gaap:ConvertibleDebtMember
2012-10-01
2013-09-30
0001425883
us-gaap:ConvertibleDebtMember
us-gaap:CommonStockMember
2012-10-01
2013-09-30
0001425883
us-gaap:ConvertibleDebtMember
us-gaap:CommonStockMember
2015-03-29
2015-03-30
0001425883
us-gaap:ConvertibleDebtMember
2015-09-30
0001425883
us-gaap:ConvertibleNotesPayableMember
2014-01-29
0001425883
us-gaap:ConvertibleNotesPayableMember
2014-01-28
2014-01-29
0001425883
us-gaap:ConvertibleNotesPayableMember
us-gaap:CommonStockMember
2014-09-29
2014-09-30
0001425883
us-gaap:ConvertibleNotesPayableMember
us-gaap:CommonStockMember
2014-10-28
2014-10-29
0001425883
us-gaap:ConvertibleNotesPayableMember
2014-10-28
2014-10-29
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenMember
2014-03-11
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenMember
2014-03-10
2014-03-11
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenMember
2014-12-17
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenMember
us-gaap:CommonStockMember
2014-11-10
2014-11-11
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenOneMember
2015-03-17
2015-03-18
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenOneMember
us-gaap:CommonStockMember
2015-05-15
2015-05-20
0001425883
IFLM:ConvertibleNotesPayableMarchElevenTwoThousandFourteenOneMember
us-gaap:CommonStockMember
2015-09-07
2015-09-08
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandFourteenMember
2014-04-28
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandFourteenMember
2014-04-27
2014-04-28
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandFourteenMember
2015-01-30
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandFourteenMember
us-gaap:CommonStockMember
2015-09-29
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableAprilTwentyEightTwoThousandFourteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
2014-06-25
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
2014-06-24
2014-06-25
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
us-gaap:CommonStockMember
2015-04-15
2015-04-16
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
us-gaap:CommonStockMember
2015-05-27
2015-05-28
0001425883
IFLM:ConvertibleNotesPayableJuneTwentyFiveTwoThousandFourteenMember
us-gaap:CommonStockMember
2015-08-24
2015-08-25
0001425883
IFLM:ConvertibleNotesPayableJulySeventeenTwoThousandFourteenMember
2014-07-17
0001425883
IFLM:ConvertibleNotesPayableJulySeventeenTwoThousandFourteenMember
2014-07-16
2014-07-17
0001425883
IFLM:ConvertibleNotesPayableJulySeventeenTwoThousandFourteenMember
2015-09-30
0001425883
IFLM:ConvertibleNotesPayableMarchNineteenTwoThousandFifteenMember
2015-03-19
0001425883
IFLM:ConvertibleNotesPayableMarchNineteenTwoThousandFifteenMember
2015-03-16
2015-03-19
0001425883
IFLM:ConvertibleNotesPayableMayEighteenTwoThousandFifteenMember
2015-05-18
0001425883
IFLM:ConvertibleNotesPayableMayEighteenTwoThousandFifteenMember
2015-05-17
2015-05-18
0001425883
IFLM:ConvertibleNotesPayableMayTwentyTwoThousandFifteenOneMember
2015-05-20
0001425883
IFLM:ConvertibleNotesPayableMayTwentyTwoThousandFifteenOneMember
2015-08-17
2015-08-18
0001425883
IFLM:ConvertibleNotesPayableJulyFiveTwoThousandFifteenMember
us-gaap:DirectorMember
2015-07-05
0001425883
us-gaap:LoansPayableMember
IFLM:TwoOtherThirdPartiesMember
2015-09-30
0001425883
us-gaap:LoansPayableMember
IFLM:TwoOtherThirdPartiesMember
2014-10-01
2015-09-30
0001425883
us-gaap:NotesPayableOtherPayablesMember
IFLM:ShareholderMember
2015-09-25
0001425883
us-gaap:NotesPayableOtherPayablesMember
IFLM:ShareholderMember
2015-09-24
2015-09-25
0001425883
us-gaap:LoansPayableMember
IFLM:FormerOfficerMember
2015-09-30
0001425883
us-gaap:LoansPayableMember
IFLM:FormerOfficerMember
2014-10-01
2015-09-30
0001425883
us-gaap:CommonStockMember
2013-10-01
2013-10-30
0001425883
us-gaap:CommonStockMember
2013-12-17
2013-12-18
0001425883
us-gaap:CommonStockMember
2014-01-13
2014-01-14
0001425883
us-gaap:CommonStockMember
IFLM:FormerChiefExecutiveOfficerMember
2014-02-18
2014-02-19
0001425883
us-gaap:CommonStockMember
IFLM:FormerChiefExecutiveOfficerMember
2014-02-19
0001425883
us-gaap:CommonStockMember
IFLM:FormerChiefFinancialOfficerMember
2014-03-04
2014-03-05
0001425883
us-gaap:CommonStockMember
IFLM:FormerChiefFinancialOfficerMember
2014-03-05
0001425883
us-gaap:CommonStockMember
IFLM:ChiefCommunicationsOfficerMember
2014-03-04
2014-03-05
0001425883
us-gaap:CommonStockMember
IFLM:ChiefCommunicationsOfficerMember
2014-03-05
0001425883
us-gaap:CommonStockMember
2014-03-04
2014-03-05
0001425883
us-gaap:CommonStockMember
2014-03-18
2014-03-19
0001425883
us-gaap:CommonStockMember
2014-05-20
2014-05-21
0001425883
us-gaap:CommonStockMember
us-gaap:ConvertibleNotesPayableMember
2014-08-04
2014-08-05
0001425883
us-gaap:CommonStockMember
us-gaap:ConvertibleNotesPayableMember
2014-08-24
2014-08-25
0001425883
us-gaap:CommonStockMember
2014-11-09
2014-11-12
0001425883
us-gaap:CommonStockMember
2014-11-24
2014-11-25
0001425883
us-gaap:CommonStockMember
2015-02-11
0001425883
us-gaap:CommonStockMember
IFLM:FormerChiefFinancialOfficerMember
2015-03-01
2015-03-02
0001425883
us-gaap:CommonStockMember
us-gaap:ChiefExecutiveOfficerMember
2015-03-01
2015-03-02
0001425883
us-gaap:CommonStockMember
us-gaap:ChiefExecutiveOfficerMember
2015-06-03
2015-06-04
0001425883
us-gaap:CommonStockMember
us-gaap:ChiefExecutiveOfficerMember
2014-10-01
2015-09-30
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableTwoMember
2015-03-01
2015-03-02
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableThreeMember
2015-04-15
2015-04-16
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableTwoMember
2015-05-12
2015-05-13
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFourMember
2015-05-19
2015-05-20
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFiveMember
2015-05-14
2015-05-21
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableThreeMember
2015-05-27
2015-05-28
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableSixMember
2015-06-01
2015-06-02
0001425883
us-gaap:CommonStockMember
2015-06-28
2015-07-01
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableSevenMember
2015-08-13
2015-08-15
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableEightMember
2015-08-13
2015-08-15
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableThreeMember
2015-08-24
2015-08-25
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFourMember
2015-09-07
2015-09-08
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableEightMember
2015-09-24
2015-09-25
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableEightMember
2015-09-25
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFourMember
2015-09-29
2015-09-30
0001425883
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFourMember
2015-09-30
0001425883
us-gaap:PreferredStockMember
2015-09-30
0001425883
us-gaap:SeriesAPreferredStockMember
2013-06-17
0001425883
us-gaap:SeriesAPreferredStockMember
2013-06-16
2013-06-17
0001425883
us-gaap:SeriesAPreferredStockMember
us-gaap:ChiefExecutiveOfficerMember
2014-11-30
2014-12-01
0001425883
us-gaap:SeriesAPreferredStockMember
2015-07-02
2015-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2015-03-26
0001425883
us-gaap:SeriesBPreferredStockMember
2015-03-25
2015-03-26
0001425883
us-gaap:SeriesBPreferredStockMember
2015-03-31
2015-04-02
0001425883
us-gaap:SeriesBPreferredStockMember
us-gaap:OfficerMember
2015-06-10
2015-06-11
0001425883
us-gaap:SeriesBPreferredStockMember
IFLM:ConvertibleNotesPayableJulyFiveTwoThousandFifteenMember
us-gaap:DirectorMember
2015-07-29
2015-07-30
0001425883
us-gaap:SeriesBPreferredStockMember
IFLM:ConvertibleNotesPayableJulyFiveTwoThousandFifteenMember
us-gaap:DirectorMember
2015-09-30
0001425883
us-gaap:SeriesBPreferredStockMember
2015-09-13
2015-09-14
0001425883
IFLM:SeriesAAPreferredStockMember
2015-02-18
0001425883
IFLM:SeriesAAPreferredStockMember
2015-02-17
2015-02-18
0001425883
IFLM:SeriesAAPreferredStockMember
us-gaap:ChiefExecutiveOfficerMember
2015-06-28
2015-06-30
0001425883
us-gaap:SeriesFPreferredStockMember
2015-09-24
2015-09-25
0001425883
us-gaap:OfficerMember
2014-09-30
0001425883
IFLM:ChiefExecutiveOfficerOneMember
IFLM:NotesPayableOtherPayablesMayEightTwoThousandFifteenMember
2015-05-08
0001425883
IFLM:ChiefExecutiveOfficerOneMember
IFLM:NotesPayableOtherPayablesMayEightTwoThousandFifteenMember
2015-05-07
2015-05-08
0001425883
us-gaap:SubsequentEventMember
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableThreeMember
2015-09-28
2015-10-01
0001425883
us-gaap:SubsequentEventMember
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableEightMember
2015-10-12
2015-10-13
0001425883
us-gaap:SubsequentEventMember
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFourMember
2015-10-11
2015-10-14
0001425883
us-gaap:SubsequentEventMember
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableThreeMember
2015-11-08
2015-11-09
0001425883
us-gaap:SubsequentEventMember
us-gaap:CommonStockMember
IFLM:ConvertibleNotesPayableFourMember
2015-11-17
2015-11-18
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesJanuaryFifteenTwoThousandSisteenMember
2016-01-15
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesJanuaryFifteenTwoThousandSisteenMember
2016-01-14
2016-01-15
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesJanuaryFifteenTwoThousandSisteenMember
us-gaap:SeriesBPreferredStockMember
2016-01-14
2016-01-15
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesFebruarySeventeenTwoThousandSixteenMember
2016-02-17
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesFebruarySeventeenTwoThousandSixteenMember
2016-02-16
2016-02-17
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesFebruaryTwentyFourTwoThousandSixteenMember
2016-02-24
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesFebruaryTwentyFourTwoThousandSixteenMember
2016-02-23
2016-02-24
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesMarchOneTwoThousandSixteenMember
2016-03-01
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesMarchOneTwoThousandSixteenMember
2016-02-29
2016-03-01
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesAprilSixTwoThousandSixteenMember
2016-04-06
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesAprilSixTwoThousandSixteenMember
2016-04-05
2016-04-06
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesAprilSixTwoThousandSixteenOneMember
2016-04-06
0001425883
us-gaap:SubsequentEventMember
IFLM:NotesPayableOtherPayablesAprilSixTwoThousandSixteenOneMember
2016-04-05
2016-04-06
0001425883
us-gaap:SeriesFPreferredStockMember
2015-09-25
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
xbrli:pure
183648
127202
96085
-128079
Independent Film Development CORP
0001425883
10-K
2015-09-30
false
--09-30
No
No
Yes
Smaller Reporting Company
FY
2015
68125
0
27637
5505
13630
4851
49532
21326
42500
37500
47500
37500
7500
16700
5925
0.0001
0.0001
0.0001
0.0001
0.0001
0.0001
0.0001
0.0001
0.0001
0.0001
0.0001
49800000
5000000
5000000
49800000
5000000
5000000
10
10
200000
200000
15000010
5000000
10000000
10
20000
0.00001
0.00001
0.00001
485000000
485000000
2000000000
323474377
13855
80
33375
115355
80
158299
115677
326035
351874
328531
17965
5378
317042
6377
2616
285509
183648
183648
127202
127202
96085
-128079
1502115
1544866
500
508
6
2
674
5424017
10400286
38000
61470
500
22970
-6848777
-12052724
-1386760
500
-1544786
6
-2983493
2
0
674
500
57928
6
2
3716177
5424017
10400286
-7383680
-6848777
-12052724
45000
684010
38000
61470
115355
500
80
6
2
0
5000000
57298
0
10
0
20000
0
0
5000000
57298
0
10
0
20000
0
5000000
10
20000
37717
67398079
37717
67398079
24925
37717
67398079
81980
80
2713
-183625
-1650146
87540
1778224
25152
259649
-450282
183648
755167
127202
18550
8493
8493
115355
80
8687
42687
8687
45000
8446444
48281
8446444
33516
-0.62
11.08
-0.62
1596
-5203947
534903
534903
-5203947
-4832377
1188894
179001
149418
139836
93972
1995
3070
1074
15994
33538
21326
42500
37500
36699
22662
31875
118000
4420750
49682
1360227
-2985000
200000
-2785000
-122500
-28750
-18000
-19000
-1247500
-371570
-653991
371570
653991
46906
222785
56388
48306
268276
382900
-128079
96085
2785000
1435750
79000
88676
88676
2000
132770
49300
277425
204873
-854
35827
143361
-70705
3927
165774
-33383
33375
-122372
-236293
-81900
79267
40472
315560
5000
5000
3000
24000
10000
4000
10000
3000
11480
13135
4100
9374
100000
45607
211350
-4210
104238
646010
75125
186327
30000
259649
450282
450282
2
15000
70000
101246
40000
3200
2800
400
49300
49300
44100
5200
2900
2400
480
20
400
5000000
132770
132770
120500
12000
270
2000
79000
3340
1200
560
1280
1500
1200
2000
8000
24000
24000
3000
5000
350
2000
70000
70000
2322
49151
49151
680
680
186327
186327
34776
5000000
79000
500
78500
400
2000
2000
560000
10
40500
2989926
6
4
2989916
2800
35000
35000
16798
16798
2
-2
66762386
821
1600
2322
1820
1820
34852
567693
49937783
3060000
29624
897857
350
2500
1231
2800
600000
560000
25000
1224
25000
34852
26667
29624
40000
50000000
10000000
897857
5676923
10000000
49934783
40500
22000
10
7123060
40000000
49333333
49769655
49916667
1799641
668
1775503
23470
40000
40000
20000
122354
2
122352
-1200
40000
30
24000
13950
24000
5915
5915
23525
14760
22970
1500
8000
5000
70000
12000
12000
35000
15000
2500
1500
2500
23525
2000
8000
1000
2500
500
5000
13060
500
22970
101246
40000
3000
2000
7490
2600
2995
-30000
100000
100000
-30000
646010
-646010
646010
40000
2015-03-19
2015-05-18
2015-05-20
2012-04-09
2014-01-29
2014-03-11
2014-04-28
2014-06-25
2014-07-17
2015-08-18
2015-07-05
2012-04-09
2013-04-09
2014-10-31
2014-12-17
2015-01-30
2015-06-25
2015-04-21
2013-04-09
2014-10-31
2014-12-17
2015-01-30
2015-06-25
2015-04-21
2016-03-25
2017-02-17
2017-02-24
2017-03-01
2017-04-06
2017-04-06
0.16
0.10
0.10
0.10
0.18
0.08
0.08
0.22
0.22
0.11
0.12
0.08
0.08
0.22
0.08
0.22
0.08
0.08
0.10
0.10
0.10
0.08
0.10
0.10
0.08
0.08
0.08
0.08
0.08
<p><font style="font: 10pt Times New Roman, Times, Serif">Demand</font></p>
<p><font style="font: 10pt Times New Roman, Times, Serif">Demand</font></p>
<p><font style="font: 10pt Times New Roman, Times, Serif">Demand</font></p>
<p><font style="font: 10pt Times New Roman, Times, Serif">Demand</font></p>
<p><font style="font: 10pt Times New Roman, Times, Serif">Demand</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Due within one year.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Due within eighteen months</font></p>
172196
178058
75125
14937
1980745
2626112
-1360227
4371068
93972
139836
132770
49300
2000
-2626112
-3066722
0.34
0.34
892878
1042685
892878
1042685
-96085
128079
534903
-5203947
John D Thomas
Syndicate Consulting, Inc.
Syndicate Consulting, Inc.
Neil Linder
Asher Enterprises, Inc.
Jabro Funding Corp
Jabro Funding Corp
LG Capital Funding
Jabro Funding Corp
Syndicate Consulting, Inc.
Rachel Boulds
205695
33000
7500
15200
5925
86050
14530
37500
5990
<p style="font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">n/a</font></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b>NOTE 1: HISTORY OF OPERATIONS</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><i><u>Business Activity</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Independent Film Development Corporation
(“IFLM”) was incorporated in the State of Nevada on September 14, 2007. The Company’s current plan of operations
consists of three parts:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">To begin operations of IFLM’s
newly acquired hospitality asset, C2C Restaurant Group (“C2C”). The first restaurant to fall under C2C, Chef Eddie
G’s Kitchen, was opened in December 2015 in Manhattan’s East Harlem neighborhood in New York City.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The development of content creation/distribution
projects, both in the form of original theatrical material as well as related and/or derivative programming related to the operations
of C2C. IFLM will pursue those projects that align with the company’s strategic vision.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The acquisition of real estate assets
which present value creation potential due to the complexity or illiquidity of their existing ownership and/or capital structure.
In such situations, IFLM will seek to actively work through the complexities, gain control of the asset, actively manage, recapitalize
and thereby create value.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 2: SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of estimates</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include the estimated
useful lives of property and equipment.  Actual results could differ from those estimates.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i><u>Concentrations of Credit Risk</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain our cash in bank deposit
accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships
and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk
on cash.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash equivalents</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid
investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the
years ended September 30, 2015 or 2014.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Restricted Cash</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company presents cash balances that
are for a specific purpose and therefore not available for immediate and general use by the Company, separately on the balance
sheet as restricted cash. As of September 30, 2015 and 2014, the Company had set aside $0 and $68,125 as restrictive cash.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows paragraph 825-10-50-10
of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37
of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial
instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted
in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements.  To increase consistency
and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy
which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value
hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the
lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described
below:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Level 1: Quoted market prices available in active markets
for identical assets or liabilities as of the reporting date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Level 2: Pricing inputs other
than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting
date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Level 3: Pricing inputs that are generally observable inputs
and not corroborated by market data.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amount of the Company’s
financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the
short maturity of those instruments.  The Company’s notes payable approximates the fair value of such instruments based
upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements
at September 30, 2015.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table presents assets
and liabilities that are measured and recognized at fair value as of September 30, 2014 and 2015 on a recurring basis:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>September 30, 2014</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="text-align: center; vertical-align: bottom">
<td colspan="2" style="text-align: left; vertical-align: bottom; border-bottom: black 1pt solid">Description</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 1</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 2</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 3</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Total Gains and (Losses)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 21%; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Derivative</font></td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">183,648</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">96,085</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">183,648</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">96,085</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>September 30, 2015</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td colspan="2" style="border-bottom: black 1pt solid">Description</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 1</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 2</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 3</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; border-bottom: black 1pt solid">Total Gains and (Losses)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 16%; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Derivative</font></td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">127,202</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(128,079)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">127,202</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: right; border-bottom: black 2.5pt double">$(128,079)</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Derivative Liabilities</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records the fair value of
its derivative financial instruments in accordance with ASC815,<i> Derivatives and Hedging</i>. The fair value of the derivatives
was calculated using a multi-nomial lattice model performed by an independent qualified business valuator. The fair value of the
derivative liability is revalued on each balance sheet date with corresponding gains and losses recorded in the consolidated statement
of operations</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Derivative financial instruments should
be recorded as liabilities in the balance sheet and measured at fair value. For purposes of the Company’s financial statements
fair value was used as the basis for formulating an analysis which has been defined by the Financial Accounting Standards Board
(“FASB”) as “the amount for which an asset (or liability) could be exchanged in a current transaction between
knowledgeable, unrelated willing parties when neither party is acting under compulsion”. The FASB has provided guidance that
its definition of fair value is consistent with the definition of fair market value in IRS Rev. Rule 59-60. In determining the
fair value of the derivatives it was assumed that the Company’s business would be conducted as a going concern. These derivative
liabilities will need to be marked-to-market each quarter with the change in fair value recorded in the income statement.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Income Taxes</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows Section 740-10-30
of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected
future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred
tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities
using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are
reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.
Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years
in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities
of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company adopted section 740-10-25
of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes.  Section
740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded
in the financial statements.  Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position
only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the
technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be
measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.
Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting
in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized
income tax benefits according to the provisions of Section 740-10-25.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock Based Compensation</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We account for equity-based transactions
with nonemployees under the provisions of ASC Topic No. 505-50, <i>Equity-Based Payments to Non-Employees</i> (“ASC 505-50”).
ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration
received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock
issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments,
other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of
the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We account for employee stock-based
compensation in accordance with the guidance of FASB ASC Topic 718,<i> Compensation—Stock Compensation,</i> which requires
all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements
based on their fair values.  The fair value of the equity instrument is charged directly to compensation expense and credited
to additional paid-in capital over the period during which services are rendered.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Earnings (Loss) Per Share</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic earnings (loss) per share are
computed by dividing the net income (loss) by the weighted-average number of shares of common stock and common stock equivalents
(primarily outstanding options and warrants). Common stock equivalents represent the dilutive effect of the assumed exercise of
the outstanding stock options and warrants, using the treasury stock method. The calculation of fully diluted earnings (loss) per
share assumes the dilutive effect of the exercise of outstanding options and warrants at either the beginning of the respective
period presented or the date of issuance, whichever is later. The Company has no outstanding options or warrants.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Recent Accounting Pronouncements</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2014, the FASB issued Accounting
Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) –
Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance
in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability
to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance.
In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments
require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain
principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term <i>substantial
doubt, </i>(2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the
mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result
of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is
not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued
(or available to be issued). The amendments in this Update are effective for public and nonpublic entities for annual periods ending
after December 15, 2016. Early adoption is permitted.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has implemented all new
accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements
unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been
issued that might have a material impact on its financial position or results of operations.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 3: ACQUISITIONS</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 21, 2015, the Company entered
into a share purchase agreement, by and among the Company, C2C Restaurant Group, Inc., a New York corporation and a restaurant
holding company (“C2C”), and the shareholders of C2C, pursuant to which the Company purchased all of the outstanding
common stock of C2C in exchange for 20,000 shares of our Series F preferred stock, par value $0.0001 per. Based upon an independent
third party valuation the purchase was fair valued in two parts. First, a value of $5,600 was capitalized as a trade name for Chef
Eddie G's Kitchen. Second the Company recorded goodwill in the amount of $117,754. The location for C2C’s first restaurant,
Chef Eddie G's Kitchen, opened in December on Park Avenue in Manhattan, New York.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Goodwill represents the excess of purchase
price over the underlying net assets of businesses acquired. The Company complies with ASC 350, <i>Goodwill and Other Indefinite
Lived Intangible Assets</i>, requiring that a test for impairment be performed at least annually. As of September 30, 2015 the
Company performed the required impairment analysis which resulted in the impairment of both the goodwill and trade name valuation
amounts in their entirety. The Company recorded impairment expense of $122,354. </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2015, C2C has not
begun operations yet; therefore, has no other tangible assets or liabilities, or operations which would require proforma disclosures
by the Company for the years ended September 30, 2015 and 2014.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 4: CONVERTIBLE DEBENTURES</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 9, 2012, the Company entered
into a $100,000 convertible debenture with Neil Linder. The debenture accrued interest of 12% and matured on April 9, 2013. Mr.
Linder has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to the
lesser of fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately
preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted
by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that
would exceed 4.99% of the outstanding shares of the Company’s common stock. Based on the initial valuation the Company has
recorded a debt discount of $49,532, $15,994 of which was amortized in the fiscal year ended September 30, 2012 with the remaining
$33,538 amortized the fiscal year ended September 30, 2013. During the fiscal year ending September 30, 2013, $13,950 of the $100,000
debenture was converted into 821 shares of common stock. This conversion was converted within the terms of the agreement. On March
30, 2015, $4,000 of accrued interest was converted into 1,600 shares of common stock. In addition, as a consequence of the triggering
of the default provision of the debenture the interest on the debenture has been instated at a rate of 18%, a $1,000 per business
day penalty was being imposed for failure to execute a conversion in a timely manner, and an additional accrual of $112,509 was
accounted for as a result of a provision requiring additional funds due in the event that a “default payment” is made
by the Company. As of September 30, 2015 $86,050 of the principal face value of the Debenture remains outstanding along with $285,509
of accrued penalties and interest. This note is currently in default.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 5: ACCRUED INTEREST AND PENALTIES </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Following is a summary of the Company’s accrued penalties
and interest as of September 30:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td> </td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2015</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 58%; text-align: left; padding-left: 5.4pt">Neil Linder – accrued penalties and interest (refer to Note 4)</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">328,531</td>
<td style="width: 1%; text-align: left"> </td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">317,042</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Other convertible debt – accrued interest (refer to Note 6)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">17,965</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">6,377</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Loans payable – accrued interest (refer to Note 7)</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">5,378</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">2,616</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">351,874</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">326,035</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 6: CONVERTIBLE NOTES PAYABLE</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 29, 2014, the Company issued
a Convertible Promissory Note to Asher Enterprises, Inc. in the amount of $37,500. The note bears interest at a rate of 8% per
annum, is unsecured and matured on October 31, 2014. The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount to the average of the lowest three trading prices in the 10-day
trading price prior to the conversion date. As a result of the conversion feature the Company has recorded a debt discount of $21,326,
all of which has been amortized to interest expense. The discount was determined by calculating the intrinsic value of the loan
based on the stock price on the date of the loan of $0.0065 and the conversion price of $0.0039. The intrinsic value was $21,326.
As of September 30, 2014, $24,000 of principal was converted into 2,322 shares of common stock. On October 29, 2014, $5,915 of
principal was converted into 1,820 shares of common stock and the remaining $9,374 of principal and interest was repaid. Due to
the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 11, 2014, the Company issued
a Convertible Promissory Note to Asher Enterprises, Inc. in the amount of $42,500. The note originally bears interest at a rate
of 8% per annum but was increased to 22% on the maturity date. It is unsecured and matured on December 17, 2014. The Note is convertible
into common stock in whole or in part 180 days after funding at a variable conversion price equal to a 42% discount to the average
of the lowest three trading prices in the 10-day trading price prior to the conversion date. As a result of the conversion feature
the Company has recorded a debt discount of $42,500, all of which has been amortized to interest expense. The discount was determined
by calculating the intrinsic value of the loan based on the stock price on the date of the loan of $0.0123 and the conversion price
of $0.003. The intrinsic value was $130,826; however, the discount is limited to the amount of the loan. On November 11, 2014,
$5,915 of principal was converted into 1,820 shares of common stock. On March 18, 2015, this note was assigned to Jabro Funding
Corp. On May 20, 2015, $23,525 of principal was converted into 34,852 shares of common stock and on September 8, 2015 the balance
due of $14,760 was converted into 5,676,93 shares of common stock. Due to the conversion within the terms of the agreement, no
gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 28, 2014, the Company issued
a Convertible Promissory Note to KBM Worldwide, Inc. in the amount of $37,500. The note bears interest at a rate of 8% per annum
but was increased to 22% on the maturity date, is unsecured and matured on January 30, 2015. The Note is convertible into common
stock in whole or in part 180 days after funding at a variable conversion price equal to a 42% discount to the average of the lowest
three trading prices in the 10-day trading price prior to the conversion date. As a result of the conversion feature the Company
has recorded a debt discount of $37,500, all of which has been amortized to interest expense. The discount was determined by calculating
the intrinsic value of the loan based on the stock price on the date of the loan of $0.015 and the conversion price of $0.00406.
The intrinsic value was $101,047; however, the discount is limited to the amount of the loan. On September 30, 2015, $22,970 of
principal was converted into 49,937,783 shares of common stock. On September 30, 2015, the fair value of the derivative was calculated
using a multi-nomial lattice model. As of September 30, 2015, there is $14,530 of principal and $7,629 of accrued interest due
on this note. This note is currently past due.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2014, the Company issued
a Convertible Promissory Note to LG Capital Funding, LLC, in the amount of $47,500. The note bears interest at a rate of 8% per
annum, is unsecured and matures on June 25, 2015. The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount of the lowest trading price in the 20-day trading price prior to
the conversion date. As a result of the conversion feature the Company has recorded a debt discount of $47,500, $36,699 of which
has been amortized to interest expense. The discount was determined by calculating the intrinsic value of the loan based on the
stock price on the date of the loan of $0.011 and the conversion price of $0.0035. The intrinsic value was $102,644; however, the
discount is limited to the amount of the loan. On April 16, 2015, $1,500 of principal and $97 of interest was converted into 3,060,000
shares of common stock. On May 28, 2015, $8,000 of principal and $591 of interest was converted into 29,624 shares of common stock.
On August 25, 2015, $5,000 of principal and $468 of interest was converted into 897,857 shares of common stock. Due to the conversion
within the terms of the agreement, no gain or loss was recognized. On September 30, 2015, the fair value of the derivative was
calculated using a multi-nomial lattice model. As of September 30, 2015, there is $33,000 of principal and $4,088 of accrued interest
on this note.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 17, 2014, the Company issued
a Convertible Promissory Note to KBM Worldwide, Inc. in the amount of $37,500. The note bears interest at a rate of 8% per annum,
is unsecured and matures on April 21, 2015. The Note is convertible into common stock in whole or in part 180 days after funding
at a variable conversion price equal to a 42% discount to the average of the lowest three trading prices in the 10-day trading
price prior to the conversion date. As a result of the conversion feature the Company has recorded a debt discount of $37,500,
$22,662 of which has been amortized to interest expense. The discount was determined by calculating the intrinsic value of the
loan based on the stock price on the date of the loan of $0.0114 and the conversion price of $0.00518. The intrinsic value was
$45,008; however, the discount is limited to the amount of the loan. On September 30, 2015, the fair value of the derivative was
calculated using a multi-nomial lattice model. As of September 30, 2015, there is $37,500 of principal and $6,249 of accrued interest
on this note.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 19, 2015, the Company executed
a convertible promissory note for $7,500 with John D Thomas in exchange for legal services. The note is unsecured, accrued interest
at 10% and is due on demand. The Note is convertible into common stock at $.00001 per share. As a result of the conversion feature
the Company has recorded a debt discount of $7,500. During the year ended September 30, 2015, $1,995 of the debt discount was amortized
into interest expense, with a balance of $5,505 as of September 30, 2015. As of September 30, 2015, this note has accrued interest
of $401.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 18, 2015, the Company executed
a convertible promissory note for $16,700 with Syndicate Consulting, Inc. The note is unsecured, accrued interest at 10% and is
due on demand. The Note is convertible into common stock at $.00005 per share. As a result of the conversion feature the Company
has recorded a debt discount of $16,700. During the year ended September 30, 2015, $3,070 of the debt discount was amortized into
interest expense, with a balance of $13,630 as of September 30, 2015. The discount was determined by calculating the intrinsic
value of the loan based on the stock price on the date of the loan of $0.0007 and the conversion price of $0.00005. The intrinsic
value was limited to the amount of the loan. As of September 30, 2015, this note has accrued interest of $935.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 20, 2015, the Company executed
a convertible promissory note for $5,925 with Syndicate Consulting, Inc. The note is unsecured, accrued interest at 10% and is
due on demand. The Note is convertible into common stock at $.00005 per share. As a result of the conversion feature the Company
has recorded a debt discount of $5,925. During the year ended September 30, 2015, $1,074 of the debt discount was amortized into
interest expense, with a balance of $4,851 as of September 30, 2015. The discount was determined by calculating the intrinsic value
of the loan based on the stock price on the date of the loan of $0.0003 and the conversion price of $0.00005. The intrinsic value
was limited to the amount of the loan. As of September 30, 2015, this note has accrued interest of $148. On August 18, 2015, Syndicate
loaned the Company an additional $5,990. The loan is due on demand and accrues interest at 10%.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 5, 2015, the Company executed
a convertible note with a director for conversion of $40,000 of accrued salary. On July 30, 2015, the note was converted into 22,000
shares of Series B preferred stock. As the conversion occurred within the terms of the note agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">  </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of outstanding convertible
notes as of September 30, 2015 is as follows:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Note Holder</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Issue Date</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Maturity Date</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Stated Interest Rate</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Principal Balance Outstanding 9/30//2015</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 22%; text-align: left; padding-left: 5.4pt">Neil Linder</td>
<td style="width: 2%"> </td>
<td style="width: 18%; text-align: center; padding-left: 5.4pt">4/9/2012</td>
<td style="width: 2%"> </td>
<td style="width: 18%; text-align: center; padding-left: 5.4pt">4/9/2013</td>
<td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td>
<td style="width: 15%; text-align: right">18</td>
<td style="width: 1%; text-align: left">%</td>
<td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 15%; text-align: right">86,050</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Asher Enterprises, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">1/29/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">10/31/2014</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">8</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—  </td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Jabro Funding Corp</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">3/11/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">12/17/2014</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">8</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—  </td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Jabro Funding Corp</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">4/28/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">1/30/2015</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">22</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">14,530</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">LG Capital Funding</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">6/25/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">6/25/2015</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">16</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">33,000</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Jabro Funding Corp</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">7/17/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">4/21/2015</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">22</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">37,500</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">John D Thomas</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">3/19/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">10</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">7,500</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Syndicate Consulting, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">5/18/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">10</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">15,200</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Syndicate Consulting, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">5/20/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">10</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">5,925</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Syndicate Consulting, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">8/18/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">11</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">5,990</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Rachel Boulds</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt">7/5/2015</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt">Demand</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">n/a</font></td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-left: 5.4pt">Subtotal</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt"> </td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">205,695</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Less: Discounts</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(27,637</td>
<td style="text-align: left; padding-bottom: 1pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Convertible notes payable, net</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: center; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: center; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">178,058</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A summary of the activity of the derivative liability for
the notes above is as follows:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 71%; padding-left: 5.4pt">Balance at September 30, 2013</td>
<td style="width: 10%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 17%; text-align: right">755,167</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Decrease in derivative due to extinguishment of debt</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(450,282</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Decrease in derivative due to conversion of debt</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(25,152</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Increase to derivative due to new issuances</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">87,540</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Derivative (gain) due to mark to market adjustment</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(183,625</td>
<td style="text-align: left; padding-bottom: 1pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-left: 5.4pt">Balance at September 30, 2014</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">183,648</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Decrease in derivative due to payment/conversion of debt</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(259,649</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Increase to derivative due to debt discount</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">75,125</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Increase to derivative due to new issuances</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">1,778,224</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Derivative gain due to mark to market adjustment</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(1,650,146</td>
<td style="text-align: left; padding-bottom: 1pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="padding-bottom: 1pt; padding-left: 5.4pt">Balance at September 30, 2015</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid">$</td>
<td style="text-align: right; border-bottom: black 1pt solid">127,202</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 7: LOANS PAYABLE – RELATED
PARTY AND THIRD PARTY</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Third Party</i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2015, the Company
owed a total of $8,493 to two other third parties. All amounts are due on demand.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Related Party</i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 8, 2015, the Company executed
a promissory note for $4,000 with Pat Ritchie, the mother of CEO, Jeff Ritchie. The loan is unsecured, accrues interest at 10%
and is due within one year.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2015, the Company executed
a promissory note with a shareholder party for $30,000. The $30,000 was previously credited to additional paid in capital; however,
was changed to a promissory note as a result of a mutual agreement between the parties. The note is unsecured, accrues interest
at 8% and matures March 25, 2016.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2015, the Company
owed a total of $8,687 to a former officer for advances made to the Company to pay for general operating expenses. The advances
are unsecured, accrue no interest and are due on demand.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b>NOTE 8: INCOME TAXES</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred taxes are provided on a liability
method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry
forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences
between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance
when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be
realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Net deferred tax assets consist of the following components
as of September 30:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td> </td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">2015</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 58%">NOL</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">(2,626,112</td>
<td style="width: 1%; text-align: left">)</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">(1,980,745</td>
<td style="width: 1%; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">Net Income (loss)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(5,203,947</td>
<td style="text-align: left">)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">534,903</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">(Gain) loss on debt settlement</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">4,371,068</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(1,360,227</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">(Gain) loss on derivative liability</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">128,079</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(96,085</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">Debt discount amortization</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">139,836</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">93,972</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">Impairment expense</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">122,354</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">Common stock for other services</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—  </td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">132,770</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 1pt">Common stock for compensation</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">2,000</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">49,300</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="padding-bottom: 2.5pt">NOL at end of period</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">(3,066,722</td>
<td style="text-align: left; padding-bottom: 2.5pt">)</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">(2,626,112</td>
<td style="text-align: left; padding-bottom: 2.5pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 1pt">Effective Rate</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">0.34</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">0.34</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">Deferred Tax Asset</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(1,042,685</td>
<td style="text-align: left">)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(892,878</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-bottom: 1pt">Valuation</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">1,042,685</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">892,878</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 2.5pt">Deferred Tax Asset</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">At September 30, 2015, the Company had
net operating loss carry forwards of approximately $3,067,000 that may be offset against future taxable income from the year 2016
to 2035. No tax benefit has been reported in the September 30, 2015 financial statements since the potential tax benefit is offset
by a valuation allowance of the same amount.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Due to the change in ownership provisions of the Tax Reform
Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should
a change in ownership occur net operating loss carry forwards may be limited as to use in future years.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b>NOTE 9: COMMON STOCK TRANSACTIONS</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 49.5pt 0 0; text-align: justify"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fiscal year 2014</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During October 2013, the Company issued
2,400 common shares for services valued at $120,500 based on the market value of the common stock on the date of authorization.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During October 2013, the Company received
$10,000 from the sale of 560 shares of common stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 18, 2013, the Company received
$4,000 from the sale of 1,280 shares of common stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 14, 2014, the Company received
$10,000 from the sale of 1,500 shares of common stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 19, 2014, the Company authorized
the issuance of 2,800 common shares to David Garland, the Company’s CEO, for compensation of services. The shares were issued
at $0.006 based on the market value of the common stock on the date of authorization for total compensation expense of $44,100.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 5, 2014, the Company authorized
the issuance of 400 common shares to Rachel Boulds, the Company’s CFO, for compensation of services.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The shares were issued at $0.005 based
on the market value of the common stock on the date of authorization for total compensation expense of $5,200.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 5, 2014, the Company authorized
the issuance of 350 common shares to C. David Pugh, the Company’s Chief Communications Officer, for conversion of accrued
salary of $70,000. Shares were valued at $0.08 per the terms of the employment agreement.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 5, 2014, the Company issued
680 shares of common stock valued at $646,010, previously recorded as common stock payable.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 19, 2014, the Company authorized
the issuance of 480 common shares for investor relation services. These shares were valued using the closing share price of the
Common Stock on the day of issuance for a total non-cash expense of $12,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 21, 2014, the Company authorized
the issuance of 20 common shares to an investor as an incentive to invest in one of the Company’s future real estate ventures.
These shares were valued using the closing share price of the Common Stock on the day of grant for a total non-cash expense of
$270.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 5, 2014, Asher Enterprises,
Inc. converted $12,000 of the note dated January 29, 2014 per the terms of the note, into 2,500 shares of common stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 25, 2014, Asher Enterprises,
Inc. converted $12,000 of the note dated January 29, 2014 per the terms of the note, into 1,231 shares of common stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fiscal year 2015</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 29, 2014, the Company issued
1,820 shares of common stock to Asher Enterprises, Inc. in conversion of $5,915 of principal due to them. Due to the conversion
within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 11, 2014, the Company issued
1,820 shares of common stock to Asher Enterprises, Inc. for conversion of $5,915 of principal due to them. Due to the conversion
within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 12, 2014, the Company issued
2,800 shares of common stock to a service provider in conversion of $35,000 of accounts payable for services rendered in a prior
period. The shares were valued based on the closing price of the common stock on the date of grant.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 25, 2014, the Company sold
1,200 shares of common stock for total proceeds of $3,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective February 11, 2015, the Company
restated its Articles of Incorporation in which it changed the par value of the Company’s common stock from $0.0001 to $0.00001
and increased the authorized shares of common stock to 2,000,000,000. The value of the common stock and additional paid in capital
accounts have been retroactively adjusted for the change in par value.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2015, the Company issued
400 shares of common stock to Rachel Boulds, the former CFO for services. The shares were valued based on the closing price of
the common stock on the date of grant for a total non-cash expense of $2,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2015, the Company issued
600,000 shares of common stock to Jeff Ritchie, Interim CEO for conversion of $15,000 of accrued salary. The shares were valued
based on the closing price of the common stock on the date of grant which resulted in a loss on conversion of $2,985,000. June
4, 2015. Mr. Ritchie returned 40,000 shares to the Company. The Company credited loss on conversion of debt $200,000 due to the
return of shares which resulted in a net issuance of 560,000 shares and a net loss on conversion of $2,785,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2015, the Company issued
25,000 shares of common stock to DTS Partners, LLC, for conversion of $2,500 of principal due to them. The shares were valued based
on the closing price of the common stock on the date of conversion which resulted in a loss on conversion of $122,500.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 30, 2015, the Company issued
1,600 shares of common stock to Neil Linder, for conversion of $4,000 of accrued interest due to him. Due to the conversion within
the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 16, 2015, the Company issued
1,224 shares of common stock to LG Capital Funding in conversion of $1,500 of principal and $97 of interest due to them. Due to
the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 13, 2015, the Company issued
25,000 shares of common stock to DTS Partners, LLC for conversion of $2,500 of principal due to them. The shares were valued based
on the closing price of the common stock on the date of conversion which resulted in a loss on conversion of $28,750.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 20, 2015, the Company issued
34,852 shares of common stock to Jabro Funding Corp in conversion of $23,525 of principal due to them. Due to the conversion within
the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 21, 2015, the Company issued
26,667 shares of common stock to JT Sands Corp. for conversion of $2,000 of principal due to them. The shares were valued based
on the closing price of the common stock on the date of conversion which resulted in a loss on conversion of $18,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 28, 2015, the Company issued
29,624 shares of common stock to LG Capital Funding in conversion of $8,000 of principal and $591 of interest due to them. Due
to the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 2, 2015, the Company issued
40,000 shares of common stock to an individual for conversion of $1,000 of principal due to them. The shares were valued based
on the closing price of the common stock on the date of conversion which resulted in a loss on conversion of $19,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective July 1, 2015, the Company
approved a 2,500 for 1 reverse stock split. All shares throughout these financial statements and Form 10-Q have been retroactively
restated for the reverse.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 15, 2015, the Company issued
50,000,000 shares of common stock to Syndicate Consulting, Inc., for conversion of $2,500 of principal due to them. The shares
were valued based on the closing price of the common stock on the date of conversion which resulted in a loss on conversion of
$1,247,500.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 15, 2015, the Company issued
10,000,000 shares of common stock to VanCal Partners, LLC, for conversion of $500 of principal due to them. Due to the conversion
within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 25, 2015, the Company issued
897,857 shares of common stock to LG Capital Funding in conversion of $5,000 of principal and $468 of interest due to them. Due
to the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 8, 2015, the Company issued
5,676,923 shares of common stock to Jabro Funding Corp in conversion of $13,060 of principal and $1,700 of interest due to them.
Due to the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2015, the Company authorized
10,000,000 shares of common stock to VanCal Partners, LLC, for conversion of $500 of principal due to them. Due to the conversion
within the terms of the agreement, no gain or loss was recognized. As of September 30, 2015, the shares have not yet been issued
by the transfer agent; therefore, the $500 has been credited to common stock payable.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 30, 2015, the Company authorized
49,934,783 shares of common stock to Jabro Funding Corp in conversion of $22,970 of principal due to them. Due to the conversion
within the terms of the agreement, no gain or loss was recognized. As of September 30, 2015, the shares have not yet been issued
by the transfer agent; therefore, the $22,970 has been credited to common stock payable.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 10: PREFERRED STOCK</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 15,000,010
preferred shares with a par value of $0.0001 per share.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Series A Preferred Stock</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 17, 2013, the Board of Directors
designated a series of preferred stock titled Series A Preferred Stock consisting of 5,000,000 shares. There is currently no market
for the shares of Series A Preferred Stock and they cannot be converted into shares of common stock of the Company. The shares
have super voting rights of 100 common shares for every one share of Series A. The Preferred Series A do not contain any rights
to dividends; have no liquidation preference; are not to be amended without the holders approval.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 1, 2014, the Company issued
5,000,000 shares of Series A Preferred stock to Jeff Ritchie, CEO for services rendered. The company had a valuation completed,
by an independent third party, and as a result expensed the value of the Preferred A during the quarter at a value of $79,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Series B Preferred Stock</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2015, the Board of Directors
designated a series of preferred stock titled Series B Preferred Stock consisting of 10,000,000 shares. There is currently no market
for the shares of Series B Preferred Stock. They can be converted into shares of common stock of the Company at par value ($.00001)
and are priced at $2.50 per share. The Series B have voting rights of 10 votes per share, are entitled to dividends if declared
and have liquidation preference to stock below it.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 1, 2015, the Company declared
a preferred stock dividend of one share of Series B preferred stock for every 100,000 shares of common stock, resulting in the
issuance of 16,768 (net of 30 shares canceled that were issued in error) of Series B preferred stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 11, 2015, the Company issued
40,500 shares of Series B preferred stock to officers in conversion of $101,246 of accrued compensation. The shares were valued
based on the closing price of the common stock on the date of conversion which resulted in no loss on conversion as the value of
the shares, which have no special voting rights, were the same as the $101,246 of accrued compensation.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 30, 2015, the Company authorized
22,000 shares of Series B preferred stock to a director in conversion of a $40,000 promissory note that was issued for conversion
of accrued salary. As of September 30, 2015, the shares have not yet been issued resulting in a $40,000 credit to preferred stock
payable. Due to the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 14, 2015, the Company sold
2,000 shares of Series B preferred stock for total cash proceeds of $5,000. As of September 30, 2015, the shares have not yet been
issued resulting in a $5,000 credit to preferred stock payable.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Series AA Preferred Stock</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 18, 2015, the Board of Directors
designated a series of preferred stock titled Series AA Preferred Stock consisting of 10 shares. The shares are convertible into
the number of shares of common stock equal to four times the sum of the total number of common stock issued and the total number
of Series B issued. The Preferred Series AA do not contain any rights to dividends; have no liquidation preference and are not
to be amended without the holders approval.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 30, 2015, the Company issued
10 shares of Series AA preferred stock to its Jeff Ritchie, CEO. The company had a valuation completed resulting in non-cash compensation
expense of $88,676.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Series F Preferred Stock</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2015, the Board of
Directors designated a series of preferred stock titled Series F Preferred Stock consisting of 20,000 shares. There is currently
no market for the shares of Series F Preferred Stock. They can be converted into shares of common stock of the Company at par value
($.00001) and are priced at $2.50 per share. The Series F have voting rights of 1 vote per share, are entitled to dividends if
declared and have liquidation preference to stock below it.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 21, 2015, the Company entered
into a share purchase agreement, by and among the Company, C2C Restaurant Group, Inc., a New York corporation and a restaurant
holding company (“C2C”), and the shareholders of C2C, pursuant to which the Company purchased all of the outstanding
common stock of C2C in exchange for 20,000 shares of our Series F preferred stock, par value $0.0001. Based upon a third party
valuation the purchase was fair valued in two parts. First, a value of $5,600 was capitalized as a trade name for Chef Eddie G's
Kitchen. Second
the Company recorded goodwill in the amount of $117,754. Refer to Note 3.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 11: GOING CONCERN</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying financial statements
have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate
continuation of the Company as a going concern. The Company has generated minimal revenue and has an accumulated deficit of $12,052,724
and has funded its operations primarily through the issuance of short term debt and equity. This matter raises substantial doubt
about the Company's ability to continue as a going concern.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These financial statements do not include
any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities
that might be necessary should the Company be unable to continue as a going concern. Accordingly, the Company’s ability to
accomplish its business strategy and to ultimately achieve profitable operations is dependent upon its ability to obtain additional
debt or equity financing. Management plans to take the following steps that it believes will be sufficient to provide the Company
with the ability to continue in existence.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Management intends to raise financing
through private equity financing or other means and interests that it deems necessary. There can be no assurance that the Company
will be successful in its endeavor.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 12: RELATED PARTIES</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fiscal year 2014</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 19, 2014, the Company authorized
the issuance of 2,800 common shares to David Garland, the Company’s CEO, for compensation of services. The shares were issued
at $0.006 based on the market value of the common stock on the date of authorization for total compensation expense of $44,100.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 5, 2014, the Company authorized
the issuance of 400 common shares to Rachel Boulds, the Company’s CFO, for compensation of services. The shares were issued
at $0.005 based on the market value of the common stock on the date of authorization for total compensation expense of $5,200.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 5, 2014, the Company authorized
the issuance of 350 common shares to C. David Pugh, the Company’s Chief Communications Officer, for conversion of accrued
salary of $70,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 5, 2014, the Company issued
680 shares of common stock valued at $646,010, previously recorded as common stock payable.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2014, the Company
had total accrued compensation due to its officers of $634,700.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fiscal year 2015</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Loans payable:</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 8, 2015, the Company executed
a promissory note for $4,000 with Pat Ritchie, the mother of CEO, Jeff Ritchie. The loan is unsecured, accrues interest at 10%
and is due within one year.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 25, 2015, the Company executed
a promissory note with a shareholder party for $30,000. The $30,000 was previously credited to additional paid in capital; however,
was changed to a promissory note as a result of a mutual agreement between the parties. The note is unsecured, accrues interest
at 8% and matures March 25, 2016.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2015, the Company
owed a total of $8,687 to a former officer for advances made to the Company to pay for general operating expenses. The advances
are unsecured, accrue no interest and are due on demand.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock transactions:</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 1, 2014, the Company issued
5,000,000 shares of Series A Preferred stock to Jeff Ritchie, CEO for services rendered. The company had a valuation completed,
by an independent third party, and as a result expensed the value of the Preferred A during the quarter at a value of $79,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2015, the Company issued
400 shares of common stock to Rachel Boulds, the former CFO for services. The shares were valued based on the closing price of
the common stock on the date of grant for a total non-cash expense of $2,000.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2015, the Company issued
600,000 shares of common stock to Jeff Ritchie, Interim CEO for conversion of $15,000 of accrued salary. The shares were valued
based on the closing price of the common stock on the date of grant which resulted in a loss on conversion of $2,985,000. June
4, 2015. Mr. Ritchie returned 40,000 shares to the Company. The Company credited loss on conversion of debt $200,000 due to the
return of shares which resulted in a net issuance of 560,000 shares.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 11, 2015, the Company issued
40,500 shares of Series B preferred stock to officers in conversion of $101,246 of accrued compensation. The shares were valued
based on the closing price of the common stock on the date of conversion which resulted in no loss on conversion as the value of
the shares, which have no special voting rights, were the same as the $101,246 of accrued compensation.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 30, 2015, the Company issued
10 shares of Series AA preferred stock to its Jeff Ritchie, CEO. The company had a valuation completed resulting in non-cash compensation
expense of $88,676.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 5, 2015, the Company executed
a convertible note with a director for conversion of $40,000 of accrued salary. On July 30, 2015, the note was converted into 22,000
shares of Series B preferred stock. As the conversion occurred within the terms of the note agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 30, 2015, the Company authorized
22,000 shares of Series B preferred stock to a director in conversion of a $40,000 promissory note that was issued for conversion
of accrued salary. As of September 30, 2015, the shares have not yet been issued resulting in a $40,000 credit to preferred stock
payable. Due to the conversion within the terms of the agreement, no gain or loss was recognized.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Following is a summary of accrued officer
compensation – related party, as of September 30:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td style="text-align: justify; border-bottom: black 1pt solid">Name and Title</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2015</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 58%; text-align: justify; padding-left: 5.4pt">Jeff Ritchie, CEO</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">511,184</td>
<td style="width: 1%; text-align: left"> </td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">406,734</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: justify; padding-left: 5.4pt">C. David Pugh, CCO</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">20,000</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">56,250</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: justify; padding-left: 5.4pt">Rachel Boulds, former CFO</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">12,165</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">6,190</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: justify; padding-left: 5.4pt">David Garland, former CEO</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">65,400</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">53,400</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Kenneth Eade, former CFO</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">112,126</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">112,126</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">720,875</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">634,700</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 13: SUBSEQUENT EVENTS</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 102.3pt 0 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has performed an evaluation
of subsequent events in accordance with ASC Topic 855. The Company is not aware of any subsequent events which would require recognition
or disclosure in the financial statements except for the following.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2015, the Company issued
7,123,060 shares of common stock to LG Capital Funding in conversion of $3,000 of principal and $305 of interest due to them.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 13, 2015, the Company issued
40,000,000 shares of common stock to VanCal Partners, LLC in conversion of $2,000 of principal due to them.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 14, 2015, the Company issued
49,333,333 shares of common stock to Jabro Funding Corp in conversion of $7,490 of principal due to them.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 9, 2015, the Company issued
49,769,655 shares of common stock to LG Capital Funding in conversion of $2,600 of principal and $287 of interest due to them.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 18, 2015, the Company issued
49,916,667 shares of common stock to Jabro Funding Corp in conversion of $2,995 of principal due to them.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 15, 2016, the Company executed
a promissory note with a third party for $15,000. The note is unsecured, bears interest at 10% and is due within eighteen months.
In connection with and for consideration of loaning the funds to the Company. The Company issued 2,000 shares of Series B preferred
stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 17, 2016, the Company executed
a convertible promissory note in the amount of $217,500 to T McNeil Advisors, LLC. The note was issued in consideration of consulting
services to be provided. The note is unsecured, bears interest at 8% interest, and is due February 17, 2017. The note is convertible
into shares of the Company’s common stock as a price of 55% of the lowest trade price for the twenty days prior to conversion.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 24, 2016, the Company issued
a Convertible Promissory Note to LG Capital Funding, LLC, in the amount of $39,375. The note bears interest at a rate of 8% per
annum, is unsecured and matures on February 24, 2017. The Note is convertible into common stock in whole or in part at any time
after funding at a variable conversion price equal to a 50% discount of the lowest trading price in the 20-day trading price prior
to the conversion date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 1, 2016, the Company issued
a Convertible Promissory Note to Cerberus Finance Group, LTD, in the amount of $39,375. The note bears interest at a rate of 8%
per annum, is unsecured and matures on March 1, 2017. The Note is convertible into common stock in whole or in part at any time
after funding at a variable conversion price equal to a 50% discount of the lowest trading price in the 20-day trading price prior
to the conversion date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 6, 2016, the Company issued
a Convertible Promissory Note to LG Capital Funding, LLC, in the amount of $19,688. The note bears interest at a rate of 8% per
annum, is unsecured and matures on April 6, 2017. The Note is convertible into common stock in whole or in part at any time after
funding at a variable conversion price equal to a 50% discount of the lowest trading price in the 20-day trading price prior to
the conversion date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 6, 2016, the Company issued
a Convertible Promissory Note to Cerberus Finance Group, LTD, in the amount of $39,375. The note bears interest at a rate of 8%
per annum, is unsecured and matures on April 6, 2017. The Note is convertible into common stock in whole or in part at any time
after funding at a variable conversion price equal to a 50% discount of the lowest trading price in the 20-day trading price prior
to the conversion date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of estimates</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include the estimated
useful lives of property and equipment.  Actual results could differ from those estimates.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i><u>Concentrations of Credit Risk</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain our cash in bank deposit
accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships
and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk
on cash.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash equivalents</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid
investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the
years ended September 30, 2015 or 2014.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Restricted Cash</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company presents cash balances that
are for a specific purpose and therefore not available for immediate and general use by the Company, separately on the balance
sheet as restricted cash. As of September 30, 2015 and 2014, the Company had set aside $0 and $68,125 as restrictive cash.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows paragraph 825-10-50-10
of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37
of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial
instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted
in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements.  To increase consistency
and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy
which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value
hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the
lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described
below:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Level 1: Quoted market prices available in active markets
for identical assets or liabilities as of the reporting date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Level 2: Pricing inputs other
than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting
date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Level 3: Pricing inputs that are generally observable inputs
and not corroborated by market data.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amount of the Company’s
financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the
short maturity of those instruments.  The Company’s notes payable approximates the fair value of such instruments based
upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements
at September 30, 2015.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table presents assets
and liabilities that are measured and recognized at fair value as of September 30, 2014 and 2015 on a recurring basis:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>September 30, 2014</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="text-align: center; vertical-align: bottom">
<td colspan="2" style="text-align: left; vertical-align: bottom; border-bottom: black 1pt solid">Description</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 1</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 2</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 3</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Total Gains and (Losses)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 21%; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Derivative</font></td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">183,648</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">96,085</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">183,648</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">96,085</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>September 30, 2015</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td colspan="2" style="border-bottom: black 1pt solid">Description</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 1</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 2</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 3</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; border-bottom: black 1pt solid">Total Gains and (Losses)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 16%; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Derivative</font></td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">127,202</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(128,079)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">127,202</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: right; border-bottom: black 2.5pt double">$(128,079)</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Derivative Liabilities</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records the fair value of
its derivative financial instruments in accordance with ASC815,<i> Derivatives and Hedging</i>. The fair value of the derivatives
was calculated using a multi-nomial lattice model performed by an independent qualified business valuator. The fair value of the
derivative liability is revalued on each balance sheet date with corresponding gains and losses recorded in the consolidated statement
of operations</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Derivative financial instruments should
be recorded as liabilities in the balance sheet and measured at fair value. For purposes of the Company’s financial statements
fair value was used as the basis for formulating an analysis which has been defined by the Financial Accounting Standards Board
(“FASB”) as “the amount for which an asset (or liability) could be exchanged in a current transaction between
knowledgeable, unrelated willing parties when neither party is acting under compulsion”. The FASB has provided guidance that
its definition of fair value is consistent with the definition of fair market value in IRS Rev. Rule 59-60. In determining the
fair value of the derivatives it was assumed that the Company’s business would be conducted as a going concern. These derivative
liabilities will need to be marked-to-market each quarter with the change in fair value recorded in the income statement.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Income Taxes</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows Section 740-10-30
of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected
future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred
tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities
using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are
reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.
Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years
in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities
of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company adopted section 740-10-25
of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes.  Section
740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded
in the financial statements.  Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position
only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the
technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be
measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.
Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting
in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized
income tax benefits according to the provisions of Section 740-10-25.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock Based Compensation</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We account for equity-based transactions
with nonemployees under the provisions of ASC Topic No. 505-50, <i>Equity-Based Payments to Non-Employees</i> (“ASC 505-50”).
ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration
received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock
issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments,
other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of
the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We account for employee stock-based
compensation in accordance with the guidance of FASB ASC Topic 718,<i> Compensation—Stock Compensation,</i> which requires
all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements
based on their fair values.  The fair value of the equity instrument is charged directly to compensation expense and credited
to additional paid-in capital over the period during which services are rendered.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Earnings (Loss) Per Share</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic earnings (loss) per share are
computed by dividing the net income (loss) by the weighted-average number of shares of common stock and common stock equivalents
(primarily outstanding options and warrants). Common stock equivalents represent the dilutive effect of the assumed exercise of
the outstanding stock options and warrants, using the treasury stock method. The calculation of fully diluted earnings (loss) per
share assumes the dilutive effect of the exercise of outstanding options and warrants at either the beginning of the respective
period presented or the date of issuance, whichever is later. The Company has no outstanding options or warrants.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Recent Accounting Pronouncements</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2014, the FASB issued Accounting
Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) –
Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance
in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability
to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance.
In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments
require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain
principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term <i>substantial
doubt, </i>(2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the
mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result
of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is
not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued
(or available to be issued). The amendments in this Update are effective for public and nonpublic entities for annual periods ending
after December 15, 2016. Early adoption is permitted.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has implemented all new
accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements
unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been
issued that might have a material impact on its financial position or results of operations.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table presents assets
and liabilities that are measured and recognized at fair value as of September 30, 2014 and 2015 on a recurring basis:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>September 30, 2014</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="text-align: center; vertical-align: bottom">
<td colspan="2" style="text-align: left; vertical-align: bottom; border-bottom: black 1pt solid">Description</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 1</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 2</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Level 3</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: black 1pt solid">Total Gains and (Losses)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 21%; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Derivative</font></td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">183,648</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 2%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">96,085</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">183,648</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">96,085</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>September 30, 2015</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td colspan="2" style="border-bottom: black 1pt solid">Description</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 1</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 2</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">Level 3</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; border-bottom: black 1pt solid">Total Gains and (Losses)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 16%; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Derivative</font></td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 16%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="width: 1%; text-align: left; border-bottom: black 1pt solid"> </td>
<td style="width: 15%; text-align: right; border-bottom: black 1pt solid">127,202</td>
<td style="width: 1%; text-align: left; padding-bottom: 1pt"> </td>
<td style="width: 3%; padding-bottom: 1pt"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(128,079)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">127,202</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: right; border-bottom: black 2.5pt double">$(128,079)</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Following is a summary of the Company’s accrued penalties
and interest as of September 30:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td> </td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2015</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 58%; text-align: left; padding-left: 5.4pt">Neil Linder – accrued penalties and interest (refer to Note 4)</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">328,531</td>
<td style="width: 1%; text-align: left"> </td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">317,042</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Other convertible debt – accrued interest (refer to Note 6)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">17,965</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">6,377</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Loans payable – accrued interest (refer to Note 7)</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">5,378</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">2,616</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">351,874</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">326,035</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of outstanding convertible
notes as of September 30, 2015 is as follows:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Note Holder</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Issue Date</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Maturity Date</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Stated Interest Rate</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">Principal Balance Outstanding 9/30//2015</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 22%; text-align: left; padding-left: 5.4pt">Neil Linder</td>
<td style="width: 2%"> </td>
<td style="width: 18%; text-align: center; padding-left: 5.4pt">4/9/2012</td>
<td style="width: 2%"> </td>
<td style="width: 18%; text-align: center; padding-left: 5.4pt">4/9/2013</td>
<td style="width: 2%"> </td>
<td style="width: 1%; text-align: left"> </td>
<td style="width: 15%; text-align: right">18</td>
<td style="width: 1%; text-align: left">%</td>
<td style="width: 2%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 15%; text-align: right">86,050</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Asher Enterprises, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">1/29/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">10/31/2014</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">8</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—  </td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Jabro Funding Corp</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">3/11/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">12/17/2014</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">8</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—  </td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Jabro Funding Corp</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">4/28/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">1/30/2015</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">22</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">14,530</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">LG Capital Funding</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">6/25/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">6/25/2015</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">16</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">33,000</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Jabro Funding Corp</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">7/17/2014</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">4/21/2015</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">22</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">37,500</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">John D Thomas</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">3/19/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">10</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">7,500</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Syndicate Consulting, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">5/18/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">10</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">15,200</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Syndicate Consulting, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">5/20/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">10</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">5,925</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Syndicate Consulting, Inc.</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">8/18/2015</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt">Demand</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">11</td>
<td style="text-align: left">%</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">5,990</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Rachel Boulds</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt">7/5/2015</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt">Demand</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">n/a</font></td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">—  </td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-left: 5.4pt">Subtotal</td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt"> </td>
<td> </td>
<td style="text-align: center; padding-left: 5.4pt"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">205,695</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Less: Discounts</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(27,637</td>
<td style="text-align: left; padding-bottom: 1pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Convertible notes payable, net</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: center; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: center; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">178,058</td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A summary of the activity of the derivative liability for
the notes above is as follows:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 71%; padding-left: 5.4pt">Balance at September 30, 2013</td>
<td style="width: 10%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 17%; text-align: right">755,167</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Decrease in derivative due to extinguishment of debt</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(450,282</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Decrease in derivative due to conversion of debt</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(25,152</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Increase to derivative due to new issuances</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">87,540</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Derivative (gain) due to mark to market adjustment</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(183,625</td>
<td style="text-align: left; padding-bottom: 1pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-left: 5.4pt">Balance at September 30, 2014</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">183,648</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Decrease in derivative due to payment/conversion of debt</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(259,649</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 5.4pt">Increase to derivative due to debt discount</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">75,125</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 5.4pt">Increase to derivative due to new issuances</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">1,778,224</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Derivative gain due to mark to market adjustment</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">(1,650,146</td>
<td style="text-align: left; padding-bottom: 1pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="padding-bottom: 1pt; padding-left: 5.4pt">Balance at September 30, 2015</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid">$</td>
<td style="text-align: right; border-bottom: black 1pt solid">127,202</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Net deferred tax assets consist of the following components
as of September 30:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td> </td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">2015</td>
<td style="padding-bottom: 1pt; font-weight: bold"> </td>
<td colspan="3" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 58%">NOL</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">(2,626,112</td>
<td style="width: 1%; text-align: left">)</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">(1,980,745</td>
<td style="width: 1%; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">Net Income (loss)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(5,203,947</td>
<td style="text-align: left">)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">534,903</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">(Gain) loss on debt settlement</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">4,371,068</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(1,360,227</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">(Gain) loss on derivative liability</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">128,079</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(96,085</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">Debt discount amortization</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">139,836</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">93,972</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">Impairment expense</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">122,354</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">Common stock for other services</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">—  </td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">132,770</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 1pt">Common stock for compensation</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">2,000</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">49,300</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="padding-bottom: 2.5pt">NOL at end of period</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">(3,066,722</td>
<td style="text-align: left; padding-bottom: 2.5pt">)</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">(2,626,112</td>
<td style="text-align: left; padding-bottom: 2.5pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-bottom: 1pt">Effective Rate</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">0.34</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">0.34</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left">Deferred Tax Asset</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(1,042,685</td>
<td style="text-align: left">)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(892,878</td>
<td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-bottom: 1pt">Valuation</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">1,042,685</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">892,878</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-bottom: 2.5pt">Deferred Tax Asset</td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">—  </td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Following is a summary of accrued officer
compensation – related party, as of September 30:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font-size: 10pt; line-height: normal; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<tr style="vertical-align: bottom">
<td style="text-align: justify; border-bottom: black 1pt solid">Name and Title</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2015</td>
<td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: center; border-bottom: black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 58%; text-align: justify; padding-left: 5.4pt">Jeff Ritchie, CEO</td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">511,184</td>
<td style="width: 1%; text-align: left"> </td>
<td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 11%; text-align: right">406,734</td>
<td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: justify; padding-left: 5.4pt">C. David Pugh, CCO</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">20,000</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">56,250</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: justify; padding-left: 5.4pt">Rachel Boulds, former CFO</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">12,165</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">6,190</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: justify; padding-left: 5.4pt">David Garland, former CEO</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">65,400</td>
<td style="text-align: left"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">53,400</td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Kenneth Eade, former CFO</td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">112,126</td>
<td style="text-align: left; padding-bottom: 1pt"> </td>
<td style="padding-bottom: 1pt"> </td>
<td style="text-align: left; border-bottom: black 1pt solid"> </td>
<td style="text-align: right; border-bottom: black 1pt solid">112,126</td>
<td style="text-align: left; padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">720,875</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td>
<td style="padding-bottom: 2.5pt"> </td>
<td style="text-align: left; border-bottom: black 2.5pt double">$</td>
<td style="text-align: right; border-bottom: black 2.5pt double">634,700</td>
<td style="text-align: left; padding-bottom: 2.5pt"> </td></tr>
</table>
122354
20000
0.0001
0.006
0.005
0.08
5600
117754
122354
122354
634700
720875
511184
406734
56250
20000
12165
6190
65400
53400
112126
112126
634700
100000
37500
42500
37500
47500
37500
7500
16700
5925
40000
30000
4000
15000
217500
39375
39375
19688
39375
<p style="font: 10pt Times New Roman, Times, Serif">Mr. Linder has the right to convert all or a portion of the principal into
shares of common stock at a conversion price equal to the lesser of fifty percent (50%) of the average of the closing bid price
of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing
bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the
holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company’s
common stock.</p>
<p style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount to the average of the lowest three trading prices in the 10-day
trading price prior to the conversion date.</p>
<p style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount to the average of the lowest three trading prices in the 10-day
trading price prior to the conversion date.</p>
<p style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount to the average of the lowest three trading prices in the 10-day
trading price prior to the conversion date.</p>
<p style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount of the lowest trading price in the 20-day trading price prior to
the conversion date.</p>
<p style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common stock in whole or in part 180 days after
funding at a variable conversion price equal to a 42% discount to the average of the lowest three trading prices in the 10-day
trading price prior to the conversion date.</p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The note is convertible into shares
of the Company’s common stock as a price of 55% of the lowest trade price for the twenty days prior to conversion.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common
stock in whole or in part at any time after funding at a variable conversion price equal to a 50% discount of the lowest trading
price in the 20-day trading price prior to the conversion date.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common
stock in whole or in part at any time after funding at a variable conversion price equal to a 50% discount of the lowest trading
price in the 20-day trading price prior to the conversion date.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common
stock in whole or in part at any time after funding at a variable conversion price equal to a 50% discount of the lowest trading
price in the 20-day trading price prior to the conversion date.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Note is convertible into common
stock in whole or in part at any time after funding at a variable conversion price equal to a 50% discount of the lowest trading
price in the 20-day trading price prior to the conversion date.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif">In addition, as a consequence of the triggering of the default provision of
the debenture the interest on the debenture has been instated at a rate of 18%, a $1,000
per business day penalty was being imposed for failure to execute a conversion in a timely manner, and an additional accrual of
$112,509 was accounted for as a result of a provision requiring additional funds due in the event that a “default payment”
is made by the Company.</p>
4000
97
591
468
97
591
468
1700
305
287
33000
86050
14530
37500
0.0065
0.0123
0.015
0.011
0.0114
0.0007
0.0003
0.0039
0.003
0.00406
0.0035
0.00518
0.00001
0.00005
0.00005
21326
130826
101047
102644
45008
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On March 18, 2015, this note was
assigned to Jabro Funding Corp.</font></p>
4088
401
935
148
7629
6249
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The note is unsecured, accrued interest at 10% and
is due on demand.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The note is unsecured, accrued interest at 10% and
is due on demand</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The loan is due on demand and accrues
interest at 10%.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All amounts are due on demand.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The advances are unsecured, accrue
no interest and are due on demand.</font></p>
5990
3067000
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">That may be offset against future
taxable income from the year 2016 to 2035</font></p>
0.0001
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">2,500 for 1</font></p>
<p style="font: 10pt Times New Roman, Times, Serif">The shares have super voting rights of 100 common shares for every one share
of Series A.</p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">10 votes per share</font></p>
<p>The Series F have voting rights of 1 vote per share.</p>
<p style="font: 10pt Times New Roman, Times, Serif">The Preferred Series A do not contain any rights to dividends; have no liquidation
preference; are not to be amended without the holders approval.</p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Preferred Series AA do not contain any rights
to dividends; have no liquidation preference and are not to be amended without the holders approval</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">They can be converted into shares of common stock
of the Company at par value ($.0001) and are priced at $2.50 per share</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The shares are convertible into the number of shares
of common stock equal to four times the sum of the total number of common stock issued and the total number of Series B issued</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">They can be converted into shares of common stock
of the Company at par value ($.00001) and are priced at $2.50 per share</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Preferred stock dividend of one share of Series B
preferred stock for every 100,000 shares of common stock</font></p>
5000
40000