10-Q

UNITED STATES

SECURITY AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(MARK ONE)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2017

or

[_]  TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission File Number: 333-170315

AngioSoma Inc.

(Exact name of registrant as specified in its charter)

Nevada	27-3480481
(State or other jurisdiction of Incorporation or organization)	(I.R.S. Employer Identification Number)
2500 Wilcrest Drive, 3rd Floor Houston, TX	77042
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: 832-781-8521

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [_]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [_]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	[_]	Accelerated filer	[_]
Non-accelerated filer	[_]	Smaller reporting company	[X]
(Do not check is smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [_] No [X]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of May 19, 2017, 41,084,067 shares of common stock are issued and outstanding.

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION	4
Item 1. Financial Statements	4
Consolidated Balance Sheet as of March 31, 2017 and September 30, 2016 (Unaudited)	4
Consolidated Statement of Operations for the Six Months and Three Months Ended March 31, 2017 (Unaudited)	5
Consolidated Statement of Comprehensive Income for the Six Months Ended March 31, 2017 (Unaudited)	6
Consolidated Statement of Changes in Stockholders’ Equity for the Six Months Ended March 31, 2017 (Unaudited)	7
Consolidated Statement of Cash Flows for the Six Months Ended March 31, 2017 (Unaudited)	8
Notes to the Unaudited Consolidated Financial Statements	9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3. Quantitative and Qualitative Disclosures about Market Risk	15
Item 4. Controls and Procedures	15
PART II — OTHER INFORMATION	15
Item 1. Legal Proceedings	15
Item 1A. Risk Factors	15
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3. Defaults upon Senior Securities	16
Item 4. Mine Safety Disclosures	16
Item 5. Other Information	16
Item 6. Exhibits	16

- 2 -

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this report contain or may contain forward-looking statements. These statements, identified by words such as “plan”, “anticipate”, “believe”, “estimate”, “should”, “expect” and similar expressions include our expectations and objectives regarding our future financial position, operating results and business strategy. These statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward - looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to secure suitable financing to continue with our existing business or change our business and conclude a merger, acquisition or combination with a business prospect, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Readers should carefully review this report in its entirety, including but not limited to our financial statements and the notes thereto and the risks described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2016. We advise you to carefully review the reports and documents we file from time to time with the Securities and Exchange Commission (the “SEC”), particularly our quarterly reports on Form 10-Q and our current reports on Form 8-K. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

OTHER PERTINENT INFORMATION

When used in this report, the terms, “we,” the “Company,” “our,” and “us” refers to AngioSoma Inc., a Nevada corporation.

- 3 -

PART I — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ANGIOSOMA INC.

CONSOLIDATED BALANCE SHEET

MARCH 31, 2017 and SEPTEMBER 30, 2016

(UNAUDITED)

	March 31, 2017			September 30, 2016
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	7,529		$	5,845
Prepaid expenses		750			750
Total current assets		8,279			6,595
Available for sale securities, at market value		13,585			10,674
Intellectual property, net of impairment of $2,990,535		—			—
TOTAL ASSETS	$	21,864		$	17,269
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	135,831		$	164,760
Accounts payable to related party		90,395			28,460
Advances payable		57,650			47,650
Convertible note payable in default		358,872			278,609
Current portion of convertible notes payable, net of discount of $29,481 and $109,760, respectively		85,782			149,814
Current portion of accrued interest payable		105,290			62,786
Total current liabilities		833,820			732,079
Convertible notes payable, net of discount of $359,824 and $371,687, respectively		37,391			25,527
Accrued interest payable		54,965			33,958
Note payable		68,793			68,793
TOTAL LIABILITIES		994,969			860,357
COMMITMENTS AND CONTINGENCIES		—			—
STOCKHOLDERS’ DEFICIT
Common stock, $0.001 par value; 480,000,000 shares authorized; 38,584,067 shares and 33,520,667 shares issued and outstanding at March 31, 2017 and September 30, 2016, respectively		38,584			33,521
Preferred stock, $0.001 par value; 20,000,000 shares authorized:
Series A Preferred Stock, 5,000,000 shares issued and outstanding at March 31, 2017 and September 30, 2016		2,990,535			2,990,535
Series B Preferred Stock, $0.001 par value; 30,000 and 0 shares issued and outstanding at March 31, 2017 and September 30, 2016		30			—
Series E Preferred Stock, $0.001 par value; 1,000,000 shares issued and outstanding at March 31, 2017 and September 30, 2016		1,000			1,000
Additional paid-in capital		8,656			(366,139	)
Accumulated other comprehensive income		2,911			—
Accumulated deficit		(4,014,821	)		(3,502,005	)
Total stockholders’ deficit		(973,105	)		(843,088	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	21,864		$	17,269

The accompanying notes are an integral part of these unaudited consolidated financial statements.

- 4 -

ANGIOSOMA INC.

CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE SIX MONTHS AND THREE MONTHS ENDED MARCH 31, 2017

(UNAUDITED)

	Six Months Ended March 31, 2017			Three Months Ended March 31, 2017
REVENUE	$	—		$	—
OPERATING EXPENSES
General and administrative expenses		356,702			119,863
Total operating expenses		356,702			119,863
LOSS FROM OPERATIONS	$	(356,702	)	$	(119,863	)
OTHER INCOME (EXPENSE)
Interest expense		(156,114	)		(75,540	)
NET LOSS	$	(512,816	)	$	(195,403	)
NET LOSS PER COMMON SHARE – Basic and diluted	$	(0.01	)	$	(0.01	)
COMMON SHARES OUTSTANDING – Basic and diluted		36,881,169			37,535,178

The accompanying notes are an integral part of these unaudited consolidated financial statements.

- 5 -

ANGIOSOMA INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED MARCH 31, 2017

(UNAUDITED)

NET LOSS	$	(512,816	)
Change in fair value of available-for-sale securities		2,911
Comprehensive loss	$	(509,905	)

The accompanying notes are an integral part of these unaudited consolidated financial statements.

- 6 -

ANGIOSOMA INC.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE SIX MONTHS ENDED MARCH 31, 2017

(UNAUDITED)

	Common Stock			Series A Preferred Stock			Series B Preferred Stock			Series E Preferred Stock			Additional Paid In			Accumulated Other Comprehensive		Accumulated			Total Equity
	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount		Capital			Income		Deficit			(Deficit)
BALANCE, September 30, 2016	33,520,667	$	33,521	5,000,000	$	2,990,535	—	$	—	1,000,000	$	1,000	$	(366,139	)	$	—	$	(3,502,005	)	$	(843,088	)
Net loss	—		—	—		—	—		—	—		—		—			—		(512,816	)		(512,816	)
Other comprehensive income	—		—	—		—	—		—	—		—		—			2,911		—			2,911
Common stock issued for conversion of convertible note payable	3,763,400		3,763	—		—	—		—	—		—		62,355			—		—			66,118
Common stock issued for services	1,300,000		1,300	—		—	—		—	—		—		82,600			—		—			83,900
Series B Preferred Stock issued for cash	—		—	—		—	30,000		30	—		—		29,970			—		—			30,000
Stock options issued	—		—	—		—	—		—	—		—		199,870			—		—			199,870
BALANCE, March 31, 2017	38,584,067	$	38,584	5,000,000	$	2,990,535	30,000		30	1,000,000	$	1,000	$	8,656		$	2,911	$	(4,014,821	)	$	(973,105	)

The accompanying notes are an integral part of these unaudited consolidated financial statements.

- 7 -

ANGIOSOMA INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2017

(UNAUDITED)

CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(512,816	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation		283,770
Amortization of discount on convertible note payable		90,723
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		(24,578	)
Accounts payable to related party		61,935
Accrued interest payable		62,650
NET CASH USED IN OPERATING ACTIVITIES		(38,316	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from advances		10,000
Proceeds from sale of Series B Preferred Stock		30,000
NET CASH PROVIDED BY FINANCING ACTIVITIES		40,000
NET INCREASE IN CASH		1,684
CASH, at the beginning of the period		5,845
CASH, at the end of the period	$	7,529
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest	$	—
Taxes	$	—
Noncash investing and financing transaction:
Conversion of convertible notes payable into common stock	$	66,118
Change in fair value of available-for-sale securities	$	2,911

The accompanying notes are an integral part of these unaudited consolidated financial statements.

- 8 -

ANGIOSOMA INC.

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

Note 1. General Organization and Business

AngioSoma Inc., a Nevada corporation, is a clinical stage biotechnology company focused on improving the effectiveness of current standard-of-care treatments, especially related to endovascular interventions in the treatment of peripheral artery disease (PAD).

AngioSoma Nevada is developing its lead product, a drug candidate called Liprostin ^TM  for the treatment of peripheral artery disease, or PAD, which has completed FDA Phase I and three Phase II clinical trials. We are in discussions with several contract research organizations for completion of our FDA protocol for Phase III and submission of our new drug application for marketing in the US and its territories.

The Company incorporated on April 29, 2016. The Company’s year-end is September 30.

On June 3, 2016, we entered into a business combination whereby a wholly-owned subsidiary of the Company, AngioSoma Research, Inc., a Texas corporation, (“AngioSoma Texas”) merged with AngioSoma Research, Inc., a Nevada corporation, (“AngioSoma Nevada”) with AngioSoma Research Texas surviving as our wholly-owned subsidiary (the “Merger”) . In connection with the Merger, the Company issued to the holders of outstanding common stock of AngioSoma Nevada 20 million shares of the Company’s common stock (“Common Stock”) and, as a result, immediately following the completion of the Merger, the former equity holders of AngioSoma Nevada owned approximately 66% of the Common Stock and the stockholders of First Titan Corp. immediately prior to the Merger owned approximately 34% of the Common Stock, in each case, on a fully-diluted basis (subject to certain exceptions and adjustments).  Also in connection with the Merger, the pre-Merger director and officer of the Company tendered his resignation and the pre-Merger director and officer of AngioSoma Nevada was appointed as the new director and officer of the Company, and our corporate headquarters was moved from Las Vegas, Nevada to Montgomery, Texas. In connection with completion of the Merger, the Company changed its corporate name from First Titan Corp. to AngioSoma, Inc. and its common stock continues to trade on the OTC Markets Group, OTCQB tier under the new trading symbol “SOAN”.

Note 2. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the six months ended March 31, 2017, the Company had a net loss of $512,816 and negative cash flow from operating activities of $38,316. As of March 31, 2017, the Company had negative working capital of $825,541. Management does not anticipate having positive cash flow from operations in the near future.

These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.

Management has plans to address the Company’s financial situation as follows:

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.

In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

- 9 -

Note 3. Summary of Significant Accounting Policies

Interim Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. The results of operations for the six months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2017.

Consolidated Financial Statements

The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, AngioSoma Research, LLC, First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with GAAP 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

Financial Instruments

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 -	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2 -	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3 -	Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

- 10 -

The following table presents assets that were measured and recognized at fair value as of March 31, 2017 and the period then ended on a recurring and nonrecurring basis:

March 31, 2017 Description	Level 1		Level 2		Level 3		Total		Gain (Loss)
Available for sale securities	$	13,585	$	—	$	—	$	13,585	$	2,911
Totals	$	13,585	$	—	$	—	$	13,585	$	2,911

The following table presents assets that were measured and recognized at fair value as of September 30, 2016 and the period then ended on a recurring and nonrecurring basis:

Description	Level 1		Level 2		Level 3		Total
Available for sale securities	$	10,674	$	—	$	—	$	10,674
Totals	$	10,674	$	—	$	—	$	10,674

Commitments and Contingencies

The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. There are no known commitments or contingencies as of March 31, 2017.

Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Subsequent events

The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

Note 4. Advances

As of March 31, 2017 and September 30, 2016, the Company had non-interest bearing advances payable to third parties of $57,650 and $47,650, respectively. These advances are payable on demand.

- 11 -

Note 5. Convertible Notes Payable

Convertible notes payable consisted of the following at March 31, 2017 and September 30, 2016:

	March 31, 2017			September 30, 2016
Convertible note dated September 30, 2013 in the original principal amount of $528,434, matured September 30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.04 per share, in default	$	2,324		$	2,324
Convertible note dated June 30, 2014 payable in the original principal amount of $276,825, matured June 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share, in default		276,285			276,285
Convertible note dated December 31, 2014 in the original principal amount of $118,620, maturing December 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share, in default		80,263			104,310
Convertible note dated March 31, 2015 in the original principal amount of $49,190, maturing March 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.005 per share		49,190			49,190
Convertible note dated June 30, 2015 in the original principal amount of $66,074, maturing June 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.53 per share		66,074			66,074
Convertible note dated September 30, 2015 in the original principal amount of $235,313, maturing September 30, 2018, bearing interest at 10% per year, convertible into common stock a rate of $0.75 per share		235,313			235,313
Convertible note dated December 31, 2015 in the original principal amount of $90,040, maturing December 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.08 per share		90,040			90,040
Convertible note dated March 24, 2016 in the original principal amount of $40,000, maturing March 24, 2017, bearing interest at 5% per year, convertible into common stock at the lower of a 48% discount to the lowest trading price of the last 20 days before conversion and $0.00005 per share		—			40,000
Convertible note dated March 31, 2016 in the original principal amount of $71,861, maturing March 31, 2019, bearing interest at 10% per year, convertible into common stock at a rate of a 60% discount to the market price on the date of conversion		71,861			71,861
Total convertible notes payable	$	871,350		$	935,397
Less: current portion of convertible notes payable		(474,135	)		(538,183	)
Less: discount on noncurrent convertible notes payable		(359,824	)		(371,687	)
Long-term convertible notes payable, net of discount	$	37,391		$	25,527
Current portion of convertible notes payable		474,135			538,183
Discount on current convertible notes payable		(29,481	)		(109,760	)
Short-term convertible notes payable, net of discount	$	444,654		$	428,423

All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.

Conversions to Common Stock

During six months ended March 31, 2017, the holders of the Convertible Note Payable dated December 31, 2014 elected to convert principal and accrued interest of $25,000 into 2,500,000 shares of common stock. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

During six months ended March 31, 2017, the holders of the Convertible Note Payable dated March 24, 2016 elected to fully convert principal and accrued interest of $41,118 into 1,263,400 shares of common stock. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

- 12 -

Note 6. Related Party Transactions

The Company rents office space from David Summers, a significant shareholder of the Company, for $400 per month under a month to month lease. As of March 31, 2017, rent and other expense reimbursements in the amount of $3,350 was unpaid.

Alex Blankenship is paid $5,000 per month under her employment agreement with the Company. As of March 31, 2017, the Company owed Ms. Blankenship $55,315 for unpaid compensation.

As of March 31, 2017, the Company owed Sydney Jim, our former CEO, $31,730 for accrued but unpaid compensation.

Note 7. Stockholders’ Equity

Preferred Stock issued for cash

During the six months ended March 31, 2017, the Company issued 30,000 shares of Series B Preferred Stock to a third party and received cash proceeds of $30,000.

Common stock issued for services

During six months ended March 31, 2017, the Company issued 1,300,000 shares of common stock to two third-parties for services provided to the Company. The common stock was valued at $83,900 based on the market value of the stock on the date of issuance.

Common stock issued for conversion of convertible note payable

During six months ended March 31, 2017, the Company issued 3,763,400 shares of common stock upon the conversion of accrued interest of $66,118. No gain or loss was recognized on the transaction because it was transacted within the terms of the convertible note payable.

Note 8. Subsequent Events

On April 7, 2017, the Company issued 500,000 shares of common stock to Alex Blankeship for services performed for the Company.

On April 13, 2017, the Company entered into a convertible promissory note in the amount of $20,000. The Company received proceeds of $5,000 related to this note during the six months ended March 31, 2017. These proceeds were recorded as advances payable as of March 31, 2017. The remaining proceeds of $15,000 were received in April 2017. The note bears interest at 3% per year and is convertible into common stock of the Company at the rate of $0.01 per share. On April 27, 2017, the Company issued 1,000,000 shares of common stock to the lender as a result of the conversion of principal of $10,000.

On April 19, 2017, the Company issued 1,000,000 shares of common stock to a third party in partial conversion of the convertible note payable dated December 31, 2014.

- 13 -

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

AngioSoma is a clinical stage biotechnology company focused on improving the effectiveness of current standard-of-care treatments, especially related to endovascular interventions in the treatment of peripheral artery disease (PAD).

AngioSoma is developing its lead product, a drug candidate called Liprostin ^TM  for the treatment of peripheral artery disease, or PAD, which has completed FDA Phase I and three Phase II clinical trials. We are in discussions with several contract research organizations for completion of our FDA protocol for Phase III and submission of our new drug application for marketing in the US and its territories.

Critical Accounting Policies

We prepare our consolidated financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends, and other factors that management believes to be important at the time the condensed consolidated financial statements are prepared. We regularly review our accounting policies, and how they are applied and disclosed in our condensed consolidated financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our condensed consolidated financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

Results of Operations

Six Months Ended March 31, 2017

General and administrative expense.  We recognized general and administrative expense of $356,702 for the six months ended March 31, 2017 primarily related to accrued compensation and stock-based compensation.

Interest expense.  We recognized interest expense of $156,114 for the six months ended March 31, 2017 primarily related to amortization of discounts on convertible notes payable.

Net loss.  We recognized a net loss of $512,816 for the six months ended March 31, 2017 as a result of general and administrative expense and interest expense discussed above.

Three Months Ended March 31, 2017

General and administrative expense.  We recognized general and administrative expense of $119,863 for the three months ended March 31, 2017 primarily related to accrued compensation and stock-based compensation.

Interest expense.  We recognized interest expense of $75,540 for the three months ended March 31, 2017 primarily related to amortization of discounts on convertible notes payable.

Net loss.  We recognized a net loss of $195,403 for the three months ended March 31, 2017 as a result of general and administrative expense and interest expense discussed above.

Liquidity and Capital Resources

At March 31, 2017, we had cash on hand of $7,529. The Company has negative working capital of $825,541. Net cash used in operating activities for the three months ended March 31, 2017 was $38,316. Cash on hand is adequate to fund our operations for less than one month. We do not expect to achieve positive cash flow from operating activities in the near future. We will require additional cash in order to implement our business plan. There is no guarantee that we will be able to attain fund when we need them or that funds will be available on terms that are acceptable to the Company. We have no material commitments for capital expenditures as of March 31, 2017.

- 14 -

Additional Financing

Additional financing is required to continue operations. Although actively searching for available capital, the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available.

Off Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

Management’s Report on Internal Control over Financial Reporting

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of March 31, 2017. Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of March 31, 2017, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed by us under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

1.

As of March 31, 2017, we did not maintain effective controls over the control environment. Specifically, we have not developed and effectively communicated to our employees our accounting policies and procedures. This has resulted in inconsistent practices. Further, the Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

2.

As of March 31, 2017, we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.

Our management, including our principal executive officer and principal financial officer, who is the same person, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

Change in Internal Controls Over Financial Reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

- 15 -

PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder are an adverse party or has a material interest adverse to us.

ITEM 1A. RISK FACTORS

Not applicable to a smaller reporting company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

The Company has not defaulted upon senior securities.

ITEM 4. MINE SAFETY DISCLOSURES

This item is not applicable to smaller reporting companies.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

3.1	Articles of Incorporation (1)
3.2	Bylaws (2)
14.1	Code of Ethics (3)
31.1	Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer and principal financial and account officer. (4)
32.1	Section 1350 Certification of principal executive officer and principal financial accounting officer. (4)
101	XBRL data files of Financial Statement and Notes contained in this Quarterly Report on Form 10-Q. (4)(5)

__________

(1)	Incorporated by reference to our Definitive Proxy Statement on Schedule 14A filed on April 8, 2015.
(2)	Incorporated by reference to our Form 10-K/A Amendment No. 1 for the year ended September 30, 2015 filed on January 22, 2016.
(3)	Incorporated by reference to our Form S-1 filed with the Securities and Exchange Commission on November 3, 2010.
(4)	Filed or furnished herewith.
(5)	In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	AngioSoma Inc.
Date: May 19, 2017	BY: /s/ Alex Blankenship
	Alex Blankenship
	Chief Executive Officer, President, Secretary, Treasurer, Principal Executive Officer, Principal Finance and Accounting Officer and Sole Director

- 16 -

EX-31

Exhibit 31.1

RULE 13A-14(A)/15D-14(A) CERTIFICATION

I, Alex Blankenship, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended March 31, 2017 of AngioSoma Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15-d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 19, 2017	BY: /s/ Alex Blankenship
	Alex Blankenship
	Chief Executive Officer, President, Secretary, Treasurer, Principal Executive Officer, Principal Finance and Accounting Officer and Sole Director

EX-32

Exhibit 32.1

SECTION 1350 CERTIFICATION

In connection with the quarterly report of AngioSoma Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2017 as filed with the Securities and Exchange Commission (the “Report”), I, Alex Blankenship, President of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: May 19, 2017	BY: /s/ Alex Blankenship
	Alex Blankenship
	Chief Executive Officer, President, Secretary, Treasurer, Principal Executive Officer, Principal Finance and Accounting Officer and Sole Director

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2017	May 19, 2017
Document And Entity Information
Entity Registrant Name	AngioSoma, Inc.
Entity Central Index Key	0001502152
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Trading Symbol	SOAN
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		41,084,067
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2017

XML

CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 7,529	$ 5,845
Prepaid expenses	750	750
Total current assets	8,279	6,595
Available for sale securities, at market value	13,585	10,674
Intellectual property, net of impairment of $2,990,535
TOTAL ASSETS	21,864	17,269
CURRENT LIABILITIES
Accounts payable and accrued liabilities	135,831	164,760
Accounts payable to related party	90,395	28,460
Advances payable	57,650	47,650
Convertible note payable in default	358,872	278,609
Current portion of convertible notes payable, net of discount of $29,481 and $109,760, respectively	85,782	149,814
Current portion of accrued interest payable	105,290	62,786
Total current liabilities	833,820	732,079
Convertible notes payable, net of discount of $359,824 and $371,687, respectively	37,391	25,527
Accrued interest payable	54,965	33,958
Note payable	68,793	68,793
TOTAL LIABILITIES	994,969	860,357
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value; 480,000,000 shares authorized; 38,584,067 shares and 33,520,667 shares issued and outstanding at March 31, 2017 and September 30, 2016, respectively	38,584	33,521
Preferred stock, $0.001 par value; 20,000,000 shares authorized:
Series A Preferred Stock, 5,000,000 shares issued and outstanding at March 31, 2017 and September 30, 2016	2,990,535	2,990,535
Series B Preferred Stock, $0.001 par value; 30,000 and 0 shares issued and outstanding at March 31, 2017 and September 30, 2016	30
Series E Preferred Stock, $0.001 par value; 1,000,000 shares issued and outstanding at March 31, 2017 and September 30, 2016	1,000	1,000
Additional paid-in capital	8,656	(366,139)
Accumulated other comprehensive income	2,911
Accumulated deficit	(4,014,821)	(3,502,005)
Total stockholders' deficit	(973,105)	(843,088)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 21,864	$ 17,269

XML

CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Statement of Financial Position [Abstract]
Intellectual property, net of impairment	$ 2,990,535
Current portion of convertible notes payable, discount	29,481	$ 109,760
Noncurrent portion of convertible notes payable, discount	$ 359,824	$ 371,687
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	480,000,000	480,000,000
Common stock, issued	38,584,067	33,520,667
Common stock, outstanding	38,584,067	33,520,667
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	20,000,000	20,000,000
Series A Preferred Stock, issued	5,000,000	5,000,000
Series A Preferred Stock, outstanding	5,000,000	5,000,000
Series B preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Series B Preferred Stock, issued	30,000
Series B Preferred Stock, outstanding	30,000
Series E preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Series E Preferred Stock, issued	1,000,000	1,000,000
Series E Preferred Stock, outstanding	1,000,000	1,000,000

XML

CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2017
Income Statement [Abstract]
REVENUE
OPERATING EXPENSES
General and administrative expenses	119,863	356,702
Total operating expenses	119,863	356,702
LOSS FROM OPERATIONS	(119,863)	(356,702)
OTHER INCOME (EXPENSE)
Interest expense	(75,540)	(156,114)
NET LOSS	$ (195,403)	$ (512,816)
NET LOSS PER COMMON SHARE - Basic and diluted (in dollars per share)	$ (0.01)	$ (0.01)
COMMON SHARES OUTSTANDING - Basic and diluted (in shares)	37,535,178	36,881,169

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)	6 Months Ended
	Mar. 31, 2017 USD ($)
Income Statement [Abstract]
NET LOSS	$ (512,816)
Change in fair value of available-for-sale securities	2,911
Comprehensive loss	$ (509,905)

XML

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 6 months ended Mar. 31, 2017 - USD ($)	Common Stock [Member]	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Series E Preferred Stock [Member]	Additional Paid In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Total
BALANCE AT BEGINING at Sep. 30, 2016	$ 33,521	$ 2,990,535		$ 1,000	$ (366,139)		$ (3,502,005)	$ (843,088)
BALANCE AT BEGINING (in shares) at Sep. 30, 2016	33,520,667	5,000,000		1,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss							(512,816)	(512,816)
Other comprehensive income						2,911		2,911
Common stock issued for conversion of convertible note payable	$ 3,763				62,355			66,118
Common stock issued for conversion of convertible note payable (in shares)	3,763,400
Common stock issued for services	$ 1,300				82,600			83,900
Common stock issued for services (in shares)	1,300,000
Series B Preferred Stock issued for cash			$ 30		29,970			30,000
Series B Preferred Stock issued for cash (in shares)			30,000
Stock options issued					199,870			199,870
BALANCE AT END at Mar. 31, 2017	$ 38,584	$ 2,990,535	$ 30	$ 1,000	$ 8,656	$ 2,911	$ (4,014,821)	$ (973,105)
BALANCE AT END (in shares) at Mar. 31, 2017	38,584,067	5,000,000	30,000	1,000,000

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)	6 Months Ended
	Mar. 31, 2017 USD ($)
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (512,816)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation	283,770
Amortization of discount on convertible note payable	90,723
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(24,578)
Accounts payable to related party	61,935
Accrued interest payable	62,650
NET CASH USED IN OPERATING ACTIVITIES	(38,316)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from advances	10,000
Proceeds from sale of Series B Preferred Stock	30,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	40,000
NET INCREASE IN CASH	1,684
CASH, at the beginning of the period	5,845
CASH, at the end of the period	7,529
Cash paid during the period for:
Interest
Taxes
Noncash investing and financing transaction:
Conversion of convertible notes payable into common stock	66,118
Change in fair value of available-for-sale securities	$ 2,911

XML

General Organization and Business

6 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General Organization and Business

Note 1. General Organization and Business

AngioSoma Inc., a Nevada corporation, is a clinical stage biotechnology company focused on improving the effectiveness of current standard-of-care treatments, especially related to endovascular interventions in the treatment of peripheral artery disease (PAD).

AngioSoma Nevada is developing its lead product, a drug candidate called Liprostin ^TM  for the treatment of peripheral artery disease, or PAD, which has completed FDA Phase I and three Phase II clinical trials. We are in discussions with several contract research organizations for completion of our FDA protocol for Phase III and submission of our new drug application for marketing in the US and its territories.

The Company incorporated on April 29, 2016. The Company’s year-end is September 30.

On June 3, 2016, we entered into a business combination whereby a wholly-owned subsidiary of the Company, AngioSoma Research, Inc., a Texas corporation, (“AngioSoma Texas”) merged with AngioSoma Research, Inc., a Nevada corporation, (“AngioSoma Nevada”) with AngioSoma Research Texas surviving as our wholly-owned subsidiary (the “Merger”) . In connection with the Merger, the Company issued to the holders of outstanding common stock of AngioSoma Nevada 20 million shares of the Company’s common stock (“Common Stock”) and, as a result, immediately following the completion of the Merger, the former equity holders of AngioSoma Nevada owned approximately 66% of the Common Stock and the stockholders of First Titan Corp. immediately prior to the Merger owned approximately 34% of the Common Stock, in each case, on a fully-diluted basis (subject to certain exceptions and adjustments).  Also in connection with the Merger, the pre-Merger director and officer of the Company tendered his resignation and the pre-Merger director and officer of AngioSoma Nevada was appointed as the new director and officer of the Company, and our corporate headquarters was moved from Las Vegas, Nevada to Montgomery, Texas. In connection with completion of the Merger, the Company changed its corporate name from First Titan Corp. to AngioSoma, Inc. and its common stock continues to trade on the OTC Markets Group, OTCQB tier under the new trading symbol “SOAN”.

XML

Going Concern

6 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Going Concern

Note 2. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the six months ended March 31, 2017, the Company had a net loss of $512,816 and negative cash flow from operating activities of $38,316. As of March 31, 2017, the Company had negative working capital of $825,541. Management does not anticipate having positive cash flow from operations in the near future.

These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.

Management has plans to address the Company’s financial situation as follows:

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.

In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

XML

Summary of Significant Accounting Policies

6 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 3. Summary of Significant Accounting Policies

Interim Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. The results of operations for the six months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2017.

Consolidated Financial Statements

The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, AngioSoma Research, LLC, First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with GAAP 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

Financial Instruments

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 -	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2 -	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3 -	Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

The following table presents assets that were measured and recognized at fair value as of March 31, 2017 and the period then ended on a recurring and nonrecurring basis:

March 31, 2017 Description	Level 1		Level 2		Level 3		Total		Gain (Loss)
Available for sale securities	$	13,585	$	—	$	—	$	13,585	$	2,911
Totals	$	13,585	$	—	$	—	$	13,585	$	2,911

The following table presents assets that were measured and recognized at fair value as of September 30, 2016 and the period then ended on a recurring and nonrecurring basis:

Description	Level 1		Level 2		Level 3		Total
Available for sale securities	$	10,674	$	—	$	—	$	10,674
Totals	$	10,674	$	—	$	—	$	10,674

Commitments and Contingencies

The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. There are no known commitments or contingencies as of March 31, 2017.

Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Subsequent events

The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

XML

Advances

6 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Advances

Note 4. Advances

As of March 31, 2017 and September 30, 2016, the Company had non-interest bearing advances payable to third parties of $57,650 and $47,650, respectively. These advances are payable on demand.

XML

Convertible Notes Payable

6 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Convertible Notes Payable

Note 5. Convertible Notes Payable

Convertible notes payable consisted of the following at March 31, 2017 and September 30, 2016:

	March 31, 2017			September 30, 2016
Convertible note dated September 30, 2013 in the original principal amount of $528,434, matured September 30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.04 per share, in default	$	2,324		$	2,324
Convertible note dated June 30, 2014 payable in the original principal amount of $276,825, matured June 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share, in default		276,285			276,285
Convertible note dated December 31, 2014 in the original principal amount of $118,620, maturing December 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share, in default		80,263			104,310
Convertible note dated March 31, 2015 in the original principal amount of $49,190, maturing March 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.005 per share		49,190			49,190
Convertible note dated June 30, 2015 in the original principal amount of $66,074, maturing June 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.53 per share		66,074			66,074
Convertible note dated September 30, 2015 in the original principal amount of $235,313, maturing September 30, 2018, bearing interest at 10% per year, convertible into common stock a rate of $0.75 per share		235,313			235,313
Convertible note dated December 31, 2015 in the original principal amount of $90,040, maturing December 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.08 per share		90,040			90,040
Convertible note dated March 24, 2016 in the original principal amount of $40,000, maturing March 24, 2017, bearing interest at 5% per year, convertible into common stock at the lower of a 48% discount to the lowest trading price of the last 20 days before conversion and $0.00005 per share		—			40,000
Convertible note dated March 31, 2016 in the original principal amount of $71,861, maturing March 31, 2019, bearing interest at 10% per year, convertible into common stock at a rate of a 60% discount to the market price on the date of conversion		71,861			71,861
Total convertible notes payable	$	871,350		$	935,397
Less: current portion of convertible notes payable		(474,135	)		(538,183	)
Less: discount on noncurrent convertible notes payable		(359,824	)		(371,687	)
Long-term convertible notes payable, net of discount	$	37,391		$	25,527
Current portion of convertible notes payable		474,135			538,183
Discount on current convertible notes payable		(29,481	)		(109,760	)
Short-term convertible notes payable, net of discount	$	444,654		$	428,423

All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.

Conversions to Common Stock

During six months ended March 31, 2017, the holders of the Convertible Note Payable dated December 31, 2014 elected to convert principal and accrued interest of $25,000 into 2,500,000 shares of common stock. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

During six months ended March 31, 2017, the holders of the Convertible Note Payable dated March 24, 2016 elected to fully convert principal and accrued interest of $41,118 into 1,263,400 shares of common stock. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

XML

Related Party Transactions

6 Months Ended

Mar. 31, 2017

Related Party Transactions [Abstract]

Related Party Transactions

Note 6. Related Party Transactions

The Company rents office space from David Summers, a significant shareholder of the Company, for $400 per month under a month to month lease. As of March 31, 2017, rent and other expense reimbursements in the amount of $3,350 was unpaid.

Alex Blankenship is paid $5,000 per month under her employment agreement with the Company. As of March 31, 2017, the Company owed Ms. Blankenship $55,315 for unpaid compensation.

As of March 31, 2017, the Company owed Sydney Jim, our former CEO, $31,730 for accrued but unpaid compensation.

XML

Stockholders' Equity

6 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 7. Stockholders’ Equity

Preferred Stock issued for cash

During the six months ended March 31, 2017, the Company issued 30,000 shares of Series B Preferred Stock to a third party and received cash proceeds of $30,000.

Common stock issued for services

During six months ended March 31, 2017, the Company issued 1,300,000 shares of common stock to two third-parties for services provided to the Company. The common stock was valued at $83,900 based on the market value of the stock on the date of issuance.

Common stock issued for conversion of convertible note payable

During six months ended March 31, 2017, the Company issued 3,763,400 shares of common stock upon the conversion of accrued interest of $66,118. No gain or loss was recognized on the transaction because it was transacted within the terms of the convertible note payable.

XML

Subsequent Events

6 Months Ended

Mar. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

Note 8. Subsequent Events

On April 7, 2017, the Company issued 500,000 shares of common stock to Alex Blankeship for services performed for the Company.

On April 13, 2017, the Company entered into a convertible promissory note in the amount of $20,000. The Company received proceeds of $5,000 related to this note during the six months ended March 31, 2017. These proceeds were recorded as advances payable as of March 31, 2017. The remaining proceeds of $15,000 were received in April 2017. The note bears interest at 3% per year and is convertible into common stock of the Company at the rate of $0.01 per share. On April 27, 2017, the Company issued 1,000,000 shares of common stock to the lender as a result of the conversion of principal of $10,000.

On April 19, 2017, the Company issued 1,000,000 shares of common stock to a third party in partial conversion of the convertible note payable dated December 31, 2014.

XML

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Interim Financial Statements

Interim Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. The results of operations for the six months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2017.

Consolidated Financial Statements

Consolidated Financial Statements

The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, AngioSoma Research, LLC, First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with GAAP 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

Financial Instruments

Financial Instruments

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 -	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2 -	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3 -	Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

The following table presents assets that were measured and recognized at fair value as of March 31, 2017 and the period then ended on a recurring and nonrecurring basis:

March 31, 2017 Description	Level 1		Level 2		Level 3		Total		Gain (Loss)
Available for sale securities	$	13,585	$	—	$	—	$	13,585	$	2,911
Totals	$	13,585	$	—	$	—	$	13,585	$	2,911

The following table presents assets that were measured and recognized at fair value as of September 30, 2016 and the period then ended on a recurring and nonrecurring basis:

Description	Level 1		Level 2		Level 3		Total
Available for sale securities	$	10,674	$	—	$	—	$	10,674
Totals	$	10,674	$	—	$	—	$	10,674

Commitments and Contingencies

Commitments and Contingencies

The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. There are no known commitments or contingencies as of March 31, 2017.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Subsequent events

Subsequent events

The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

XML

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of assets measured and recognized at fair value on a recurring and nonrecurring basis

The following table presents assets that were measured and recognized at fair value as of March 31, 2017 and the period then ended on a recurring and nonrecurring basis:

March 31, 2017 Description	Level 1		Level 2		Level 3		Total		Gain (Loss)
Available for sale securities	$	13,585	$	—	$	—	$	13,585	$	2,911
Totals	$	13,585	$	—	$	—	$	13,585	$	2,911

The following table presents assets that were measured and recognized at fair value as of September 30, 2016 and the period then ended on a recurring and nonrecurring basis:

Description	Level 1		Level 2		Level 3		Total
Available for sale securities	$	10,674	$	—	$	—	$	10,674
Totals	$	10,674	$	—	$	—	$	10,674

XML

Convertible Notes Payable (Tables)

6 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of convertible notes payable

Convertible notes payable consisted of the following at March 31, 2017 and September 30, 2016:

	March 31, 2017			September 30, 2016
Convertible note dated September 30, 2013 in the original principal amount of $528,434, matured September 30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.04 per share, in default	$	2,324		$	2,324
Convertible note dated June 30, 2014 payable in the original principal amount of $276,825, matured June 30, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.03 per share, in default		276,285			276,285
Convertible note dated December 31, 2014 in the original principal amount of $118,620, maturing December 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share, in default		80,263			104,310
Convertible note dated March 31, 2015 in the original principal amount of $49,190, maturing March 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.005 per share		49,190			49,190
Convertible note dated June 30, 2015 in the original principal amount of $66,074, maturing June 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.53 per share		66,074			66,074
Convertible note dated September 30, 2015 in the original principal amount of $235,313, maturing September 30, 2018, bearing interest at 10% per year, convertible into common stock a rate of $0.75 per share		235,313			235,313
Convertible note dated December 31, 2015 in the original principal amount of $90,040, maturing December 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.08 per share		90,040			90,040
Convertible note dated March 24, 2016 in the original principal amount of $40,000, maturing March 24, 2017, bearing interest at 5% per year, convertible into common stock at the lower of a 48% discount to the lowest trading price of the last 20 days before conversion and $0.00005 per share		—			40,000
Convertible note dated March 31, 2016 in the original principal amount of $71,861, maturing March 31, 2019, bearing interest at 10% per year, convertible into common stock at a rate of a 60% discount to the market price on the date of conversion		71,861			71,861
Total convertible notes payable	$	871,350		$	935,397
Less: current portion of convertible notes payable		(474,135	)		(538,183	)
Less: discount on noncurrent convertible notes payable		(359,824	)		(371,687	)
Long-term convertible notes payable, net of discount	$	37,391		$	25,527
Current portion of convertible notes payable		474,135			538,183
Discount on current convertible notes payable		(29,481	)		(109,760	)
Short-term convertible notes payable, net of discount	$	444,654		$	428,423

XML

General Organization and Business (Details Narrative)	Jun. 03, 2016 USD ($)
First Titan Corp [Member]
Percentage of common stock owned	34.00%
AngioSoma Research Nevada [Member]
Number of common shares issued for aquisition	$ 20,000,000
Percentage of common stock owned	66.00%

XML

Going Concern (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2017
Accounting Policies [Abstract]
Net loss	$ (195,403)	$ (512,816)
Working capital		(825,541)
Cash flow from operating activities		$ (38,316)

XML

Summary of Significant Accounting Policies (Details) - USD ($)	5 Months Ended	6 Months Ended
	Sep. 30, 2016	Mar. 31, 2017
Total	$ 10,674	$ 13,585
Gain (Loss)		2,911
Available For Sale Securities [Member]
Total	10,674	13,585
Gain (Loss)		2,911
Fair Value, Inputs, Level 1 [Member]
Totals	10,674	13,585
Fair Value, Inputs, Level 1 [Member] | Available For Sale Securities [Member]
Assets , fair value	10,674	13,585
Fair Value, Inputs, Level 2 [Member]
Totals
Fair Value, Inputs, Level 2 [Member] | Available For Sale Securities [Member]
Assets , fair value
Fair Value, Inputs, Level 3 [Member]
Totals
Fair Value, Inputs, Level 3 [Member] | Available For Sale Securities [Member]
Assets , fair value

XML

Advances (Details Narrative) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Debt Disclosure [Abstract]
Advance payble	$ 57,650	$ 47,650

XML

Convertible Notes Payable (Details) - USD ($)	6 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Total convertible notes payable	$ 871,350	$ 935,397
Less: current portion of convertible notes payable	(474,135)	(538,183)
Less: discount on noncurrent convertible notes payable	(359,824)	(371,687)
Long-term convertible notes payable, net of discount	37,391	25,527
Current portion of convertible notes payable	474,135	538,183
Discount on current convertible notes payable	(29,481)	(109,760)
Short-term convertible notes payable, net of discount	444,654	428,423
10% Convertible Note Payable Due September 30, 2015 [Member]
Total convertible notes payable	$ 2,324	2,324
Issuance date	Sep. 30, 2013
Debt instrument, face amount	$ 528,434
Conversion price (in dollars per share)	$ 0.04
10% Convertible Note Payable Due June 30, 2016 [Member]
Total convertible notes payable	$ 276,285	276,285
Issuance date	Jun. 30, 2014
Debt instrument, face amount	$ 276,825
Conversion price (in dollars per share)	$ 0.03
10% Convertible Note Payable Due December 31, 2016 [Member]
Total convertible notes payable	$ 80,263	104,310
Issuance date	Dec. 31, 2014
Debt instrument, face amount	$ 118,620
Conversion price (in dollars per share)	$ 0.01
10% Convertible Note Payable Due March 31, 2017 [Member]
Total convertible notes payable	$ 49,190	49,190
Issuance date	Mar. 31, 2015
Debt instrument, face amount	$ 49,190
Conversion price (in dollars per share)	$ 0.005
10% Convertible Note Payable Due June 30, 2017 [Member]
Total convertible notes payable	$ 66,074	66,074
Issuance date	Jun. 30, 2015
Debt instrument, face amount	$ 66,074
Conversion price (in dollars per share)	$ 0.53
10% Convertible Note Payable Due September 30, 2018 [Member]
Total convertible notes payable	$ 235,313	235,313
Issuance date	Sep. 30, 2015
Debt instrument, face amount	$ 235,313
Conversion price (in dollars per share)	$ 0.75
10% Convertible Note Payable Due December 31, 2018 [Member]
Total convertible notes payable	$ 90,040	90,040
Issuance date	Dec. 31, 2015
Debt instrument, face amount	$ 90,040
Conversion price (in dollars per share)	$ 0.08
5% Convertible Note Payable Due March 24, 2017 [Member]
Total convertible notes payable		40,000
Issuance date	Mar. 24, 2016
Debt instrument, face amount	$ 40,000
Conversion price (in dollars per share)	$ 0.00005
10% Convertible Note Payable Due March 31, 2019 [Member]
Total convertible notes payable	$ 71,861	$ 71,861
Issuance date	Mar. 31, 2016
Debt instrument, face amount	$ 71,861
Percentage of debt discount	60.00%

XML

Convertible Notes Payable (Details Narrative)	6 Months Ended
	Mar. 31, 2017 USD ($) shares
Maximum percentage of the outstanding stock of the company upto which holder of the notes can convert the notes into shares of common stock	4.90%
10% Convertible Note Payable Due December 31, 2016 [Member]
Accrued interest | $	$ 25,000
Number of shares issued | shares	2,500,000
5% Convertible Note Payable Due March 24, 2017 [Member]
Accrued interest | $	$ 41,118
Number of shares issued | shares	1,263,400

XML

Related Party Transactions (Details Narrative)	6 Months Ended
	Mar. 31, 2017 USD ($)
Unpaid rent and other expense	$ 3,350
Mr. David P. Summers [Member]
Monthly payments for rent	400
Mrs. Alex Blankenship [Member]
Expenses paid	5,000
Unpaid compensation	55,315
Mr. Sydney Jim [Member]
Unpaid compensation	$ 31,730

XML

Stockholders' Equity (Details Narrative)	6 Months Ended
	Mar. 31, 2017 USD ($) shares
Proceeds form issuance of preferred stock	$ 30,000
Common stock issued for services	83,900
Convertible Notes payable [Member]
Accrued interest	$ 66,118
Number of shares issued | shares	3,763,400
Series B Preferred Stock [Member]
Proceeds form issuance of preferred stock	$ 30,000
Proceeds form issuance of preferred stock (in shares) | shares	30,000
Common stock issued for services
Common stock issued for services (in shares) | shares
Common Stock [Member]
Proceeds form issuance of preferred stock (in shares) | shares
Common stock issued for services	$ 1,300
Common stock issued for services (in shares) | shares	1,300,000

XML

Subsequent Events (Details Narrative) - USD ($)				1 Months Ended
	Apr. 27, 2017	Apr. 19, 2017	Apr. 07, 2017	Apr. 30, 2017	Apr. 13, 2017	Mar. 31, 2017	Sep. 30, 2016
Total convertible notes payable						$ 871,350	$ 935,397
Advances payable						57,650	$ 47,650
3% Convertible Note Payable [Member]
Advances payable						$ 5,000
Subsequent Event [Member] | 3% Convertible Note Payable [Member]
Total convertible notes payable					$ 20,000
Proceeds from notes payable				$ 15,000
Conversion price (in dollars per share)				$ 0.01
Common stock issued for conversion of convertible note payable (in shares)	1,000,000
Subsequent Event [Member] | Alex Blankeship [Member]
Number of shares issued for services			500,000
Subsequent Event [Member] | Third Party [Member]
Common stock issued for conversion of convertible note payable (in shares)		1,000,000