SUBSEQUENT EVENTS

3 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE J – SUBSEQUENT EVENTS

On January 7, 2012, the Company issued an aggregate of 56,508,636 shares of Common Stock in settlement of convertible notes of $1,950,000 and related accrued interest of $228,172.

On January 27, 2012, the Company amended its Certificate of Incorporation to increase the number of authorized shares of Common Stock from 800,000,000 to 1,350,000,000 shares. The amendment became effective by filing a Certificate of Amendment with the State of Delaware on January 27, 2012.

On January 27, 2012, The Company’s shareholders approved an amendment to the 2005 Incentive Stock Plan to increase the number of shares of Common Stock issuable under the 2005 Plan to 350,000,000 and the number of shares of Common Stock than can be covered by awards made to any participant in any calendar year to 50,000,000.

On January 31, 2012, the Company issued 6,750,248 shares of Common Stock in settlement of a $225,000 principal amount promissory note and related accrued interest of $37,356.