10-Q/A

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934.

For the quarterly period ended November 30, 2014

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

ACT OF 1934.

For the transition period from ____________________ to ___________________.

Commission File Number 0-15482

ONCOLOGIX TECH, INC.

(Name of Small Business Issuer as Specified in Its Charter)

Nevada	86-1006416
(State or other jurisdiction of incorporation or organization	(I.R.S. Employer Identification No.)
1604 W. Pinhook Drive #200, Lafayette, LA	70508
(Address of principal executive offices)	Zip Code
Registrant’s Telephone Number, Including Area Code:  (616) 977-9933

Check 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 (Section 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]

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.

Class	Outstanding at January 2, 2015
Common Stock, $0.001 par value	169,780,297

Explanatory Note

This Amendment No. 1 to the Company’s quarterly report on Form 10-Q for the period ended November 30, 2014, filed with the Securities and Exchange Commission on January 16, 2015, solely to file Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 consists of the following materials from the Company’s Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language).

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TABLE OF CONTENTS
PART I. FINANCIAL INFORMATION
ITEM 1. Financial Statements
Condensed Consolidated Balance Sheets as of November 30 , 2014 (Unaudited) and August 31, 2014	4
Condensed Consolidated Statements of Operations (Unaudited) for the three  month period
ended November 30, 2014 and 2013	5
Condensed Consolidated Statements of Cash Flows (Unaudited) for the three month period
ended November 30, 2014	6
Notes to Condensed Consolidated Financial Statements (Unaudited)	7
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	42
ITEM 3. Quantitative and Qualitative Disclosure about Market Risk	46
ITEM 4. Controls and Procedures	46
PART II. OTHER INFORMATION
ITEM 1. Legal Proceedings	47
ITEM 1A. Risk Factors	47
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds	51
ITEM 3. Defaults Upon Senior Securities	54
ITEM 4. Mine Safety Disclosures	54
ITEM 5. Other Information	54
ITEM 6. Exhibits	54
Signatures	55

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FORWARD LOOKING STATEMENTS

There are certain statements within this Report that are not historical facts. These statements contained herein are based on current expectations that involve a number of known and unknown risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved. The risk factors disclosed in Item 1A “Risk Factors” of Part II of this Quarterly Report on Form 10-Q and in Part I – Item 1A of our Annual Report on Form 10-K for the year ended August 31, 2014, include all known risks our management believes could materially affect the results described by forward-looking statements contained in this Report. However, those risks may not be the only risks we face. Our business, operations, and financial performance could also be affected by additional factors that are not presently known to us or that we currently consider to be immaterial to our operations. In addition, new risks may emerge from time to time that may cause actual results to differ materially from those contained in any forward-looking statements. We believe that the forward-looking statements contained in this Report are reasonable. However, given these risks and uncertainties, we cannot provide you with any guarantee that the anticipated results will be achieved. We disclaim any obligation to update or revise information contained in any forward-looking statement to reflect development or information after the date this Report is filed with the Securities Exchange Commission.

Throughout this report, unless otherwise indicated by the context, references herein to the “Company”, “Oncologix”, “OCLG”, “we”, our” or “us” means Oncologix Tech, Inc.., a Nevada corporation and its corporate subsidiaries and predecessors. September 1, 2014 to August 31, 2015 means “fiscal 2015 and September 1, 2013 to August 31, 2014 means “fiscal 2014”.

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PART I: FINANCIAL INFORMATION

ITEM 1. Financial Statements

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	November 30,			August 31,
	2014			2014
	(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents	$	77,361		$	17,504
Accounts receivable (net of allowance of $71,000 and $9,000)		837,033			213,399
Inventory		137,436			31,271
Prepaid expenses and other current assets		32,355			9,307
Prepaid commissions and finders' fees		1,760			3,152
Total current assets		1,085,945			274,633
Property and equipment (net of accumulated depreciation
of $31,378 and $28,264)		40,719			39,967
Deposits and other assets		36,352			14,582
Goodwill		2,404,389			1,781,779
Patents, registrations (net of amortization of $99,515 and $97,983)		22,965			24,497
Total assets	$	3,590,370		$	2,135,458
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Convertible notes payable (net of discount of $56,329 and $99,491)	$	385,946		$	436,308
Notes payable (net of discount of $8,613 and $18,596)		2,179,313			946,104
Notes payable - related parties		33,206			51,600
Inventory finance agreements		197,097			—
Accounts payable and other accrued expenses		1,206,319			732,934
Accrued interest payable		150,126			148,681
Accrued interest payable - related parties		7,125			6,342
Current portion of long term debt		84,195			82,532
Total current liabilities		4,243,327			2,404,501
Long-term liabilities:
Notes payable (net of current portion)		373,739			395,675
Convertible notes payable		—			—
Total long-term liabilities		373,739			395,675
Total liabilities		4,617,066			2,800,176
Stockholders' Deficit:
Series A Preferred stock, par value $.001 per share; 10,000,000 shares authorized; 129,062 and 129,062 shares issued and outstanding at November 30, 2014 and August 31, 2014, respectively		129			129
Series D Preferred stock, par value $.001 per share; 10,000,000 shares authorized; 78,564 and 78,564 shares issued and outstanding at November 30, 2014 and August 31, 2014, respectively		79			79
Common stock, par value $.001 per share; 750,000,000 shares authorized;
154,450,376 and 134,600,152 shares issued and outstanding at November 30, 2014 and August 31, 2014, respectively		154,450			134,600
Additional paid-in capital		47,632,329			47,565,869
Accumulated deficit prior to reentering development stage		(48,813,683	)		(48,370,395	)
Common stock subscribed (0 and 1,058,201 shares issuable, respectively at November 30, 2014 and August 31, 2014)		—			5,000
Total stockholders' deficit		(1,026,696	)		(664,718	)
Total liabilities and stockholders' deficit	$	3,590,370		$	2,135,458

See accompanying notes to unaudited condensed consolidated financial statements.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	For the Three Months Ended
	November 30,			November 30,
	2014			2013
Revenues	$	1,161,874		$	724,632
Cost of revenues		861,031			494,555
Gross profit		300,843			230,077
Operating expenses:
General and administrative		454,323			277,360
Research and development expense		10,000			—
Depreciation and amortization		4,645			5,452
Total operating expenses		468,968			282,812
Loss from operations		(168,125	)		(52,735	)
Other income (expense):
Acquisition costs		—			—
Interest and finance charges		(270,841	)		(151,003	)
Interest and finance charges - related parties		(783	)		(16,491	)
Loss on conversion of notes payable - related parties		—			(36,380	)
Loss on disposal of assets		—			(28,748	)
Other income (expenses)		(3,539	)		—
Total other income (expense)		(275,163	)		(232,622	)
Loss from continuing operations		(443,288	)		(285,357	)
Discontinued operations
Operating loss from discontinued operations		—			(36	)
Gain on disposal of discontinued operations		—			95,564
Gain from discontinued operations		—			95,528
Less loss attributable to noncontrolling interest		—			—
Net gain from discontinued operations		—			95,528
Net loss before income taxes		(443,288	)		(189,829	)
Income taxes		—			—
Net loss attributable to common shareholders	$	(443,288	)	$	(189,829	)
Gain (loss) per common share, basic and diluted:
Continuing operations	$	(0.00	)	$	(0.00	)
Discontinued operations		—			0.00
	$	(0.00	)	$	(0.00	)
Weighted average number of shares
outstanding - basic and diluted		133,488,493			79,307,202

See accompanying notes to unaudited condensed consolidated financial statements.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Three Months Ended
	November 30,			November 30,
	2014			2013
Operating activities:
Net loss	$	(443,289	)	$	(189,829	)
Net gain from discontinued operations		—			(95,528	)
Net loss from continuing operations		(443,289	)		(285,357	)
Adjustments to reconcile net loss to net cash used
in operating activities:
Depreciation and amortization		4,646			5,452
Loss on disposal of property and equipment		—			28,748
Amortization of discount on notes payable and warrants		70,460			4,041
Loss on conversion of notes payable - related parties		—			36,380
Non-cash interest charges		49,900			—
Issuance of stock and warrants for fees		24,000			84,859
					—
Changes in operating assets and liabilities:
Accounts receivable		(50,504	)		(19,463	)
Prepaid expenses and other current assets		(22,188	)		7,808
Prepaid commissions and finders' fees		1,392			—
Deposits and other assets		(11,219	)		—
Accounts payable and other accrued expenses		163,952			(58,994	)
Accrued interest payable - related parties		783			(61,757	)
Accrued interest payable		16,166			131,272
Net operating cash flows - continuing operations		(195,901	)		(127,011	)
Net operating cash flows - discontinued operations		—			95,528
Net cash used in operating activities		(195,901	)		(31,483	)
Investing activities:
Purchase of property and equipment		(858	)		(416	)
Acquisition of Esteemcare and Affordable		(560,984	)		—
Net cash used in investing activities		(561,842	)		(416	)
Financing activities:
Proceeds from issuance of convertible notes		25,000			25,000
Proceeds from issuance of notes payable		1,360,000			140,327
Proceeds from the issuance of common stock		—			10,000
Repayment of notes payable		(387,501	)		(84,141	)
Repayment of notes payable - related parties		(18,394	)		(4,600	)
Repayment of inventory financing agreements		(73,809	)		—
Repayment of convertible notes payable		(87,696	)		—
Net cash provided by financing activities		817,600			86,586
Net increase (decrease) in cash and cash equivalents		59,857			54,687
Cash and cash equivalents, beginning of period		17,504			39,456
Cash and cash equivalents, end of period	$	77,361		$	94,143

See accompanying notes to unaudited condensed consolidated financial statements.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF THE COMPANY

Oncologix Tech, Inc. is a diversified medical holding company with operating segments in medical device, healthcare services and medical products and technologies. We operate and manufacture Class II medical device products, delivers Personal Healthcare Services nationally and provides Home Medical Equipment (HME) and Durable Medical Equipment (DME) sales in licensed markets. For its clients, Oncologix provides FDA approved medical devices, State licensed healthcare services and medical product sales. For its shareholders, Oncologix operates profitable business divisions that build, maintain and nourish shareholder value. The Company’s corporate mission is to be the best small cap medical device and healthcare services holding company in North America.

We were originally formed in 1995 and in 2000 we changed our name to "BestNet Communications Corp." At that time we provided worldwide long distance telephone communication and teleconferencing services to commercial and residential consumers through the internet, which we disposed of in 2007 due to lack of profitability. In July 2006 we changed our business model to medical device products.  In July 2006 we acquired JDA Medical Technologies, Inc. ("JDA") and merged this business into Oncologix Corporation, our wholly owned subsidiary.  On January 22, 2007, we changed our name to Oncologix Tech, Inc., to reflect this new business model. Our business at this time was the development of a medical device for brachytherapy (radiation therapy), called the “Oncosphere” (or “Oncosphere System”), for the advanced medical treatment of soft tissue cancers. Due to a lack of funding, we suspended these development activities on December 31, 2007. On November 1, 2013, due to the development of the brachytherapy device being several years away, indication that the product could not be marketed and no guarantee of FDA approvals, it was determined that continued financial support of this product by Oncologix Corporation would cost the Company substantial capital beyond its means and the Company’s management and Board of Directors disposed of Oncologix Corporation and its Brachytherapy medical device subsidiary. Furthermore, as part of the disposal, the Company was relieved of over $90,000 in debt.   

On March 22, 2013, we acquired all the outstanding stock of Dotolo Research Corporation (“Dotolo”), a FDA Registered, Class II, medical device manufacturer with 25 years of product sales in the hydro-colonic irrigation, bowel preparation market. Dotolo Research Corporation began operations in 1989 and sells hardware and disposable products to a customer base of over 900+ customers both domestically and internationally.  The Company currently operates in a limited, but competitive environment in hydro-colonic irrigation, of which there are only four (4) companies approved by the FDA to manufacture a Class II medical device for colonic-hydro therapy.  Since the acquisition, we have not had significant revenues from sales of our products, including sales to medical facilities due to a lack of operating capital needed to procure raw material inventory to currently fill customers’ orders.

On August 1, 2013, we acquired the outstanding stock of Angels of Mercy, Inc. (“AOM”). Angels provides non-medical, Personal Care Attendant (PCA) services, Supervised Independent Living (SIL), Long-Term Senior Care, and other approved health service programs performed by a trained caregiver that will meet the health service needs of beneficiaries whose disabilities preclude the performance of certain independent living skills related to the activities of daily living (ADL).

On December 10, 2013, Angels of Mercy, Inc. acquired the assets of Amian Health Services LLC and Amian Health Services of Alex LLC, herein after referred to as “Amian”.  Amian delivers health-care care-services who provide routine health and personal care support with Activities of Daily Living (ADL) to clients with physical impairments or disabilities in private homes, nursing care facilities, hospice care settings, and other residential settings. Amian holds both PCA-Medicaid Waiver Provider and Residential Rehabilitation/Supervised Independent Living (SIL), and personal care services for Veterans with licenses issued by the Division of Licensing and Certification of the Department of Social Services, Veterans Administration Social Services and the Louisiana Department of Health and Hospitals.  All administrative personnel of Amian have been merged into to gain operating synergies. This company changed its name to Amian Angels, Inc. (“Amian Angels”) in August 2014.

On July 21, 2014 we formed Advanced Medical Products and Technologies Inc. to enter into the Durable Medical and Home Medical Equipment markets. We anticipate acquiring active companies in this area to develop our Medical Products and Technologies Segment.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

On September 25, 2014, we acquired the outstanding stock of Esteemcare, Inc. and it’s wholly owned subsidiary Affordable Medical Equipment Solutions, Inc. Esteemcare, Inc is a Durable and Home Medical equipment and supply distributor for respiratory therapy and is Accredited by the “Joint Commission on Healthcare Organizations”.

Esteemcare targets patients with sleep obstructive disorders or related chronic illnesses who are insured by Medicare, Medicaid, third-party insurers, or have the ability to pay for our products from their own private resources. Sleep apnea is a serious sleep disorder that occurs when a person's breathing is interrupted during sleep. People with untreated sleep apnea stop breathing repeatedly during their sleep, sometimes hundreds of times. This means the brain -- and the rest of the body -- may not get enough oxygen.

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. Interim results are not necessarily indicative of results for a full year.

PRINCIPLES OF CONSOLIDATION

The unaudited consolidated financial statements for the three months ended November 30, 2014 and 2013 include the accounts of Oncologix Tech, Inc. and its wholly owned subsidiaries, Dotolo Research Corporation (“Dotolo”), Amian Angels, Inc. (“Amian”), Advanced Medical Products & Technologies Inc. (“AMPT”), Esteemcare Inc. and Affordable Medical Equipment Solutions Inc. (collectively “Esteemcare”) Dotolo and Amian are Louisiana Corporations. AMPT is a Nevada corporation. Esteem & Affordable are South Carolina corporations. All significant intercompany accounts and transactions have been eliminated in consolidation.

USE OF ESTIMATES

The preparation of financial statements in accordance 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

SEGMENT INFORMATION

ASC 280-10 defines operating segments as components of a company about which separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer and Chief Financial Officer in deciding how to allocate resources and in assessing performance. The Company currently has three business segments; medical device manufacturing (Dotolo), personal care services (Amian) and medical products and technologies (AMPT and Esteem & Affordable.

REVENUE RECOGNITION

Revenue is recognized by the Company in accordance with Accounting Standards Codification Topic (“ASC”) 605. Accordingly, revenue is recognized when all the following criteria are met: persuasive evidence of an arrangement exists; delivery has occurred; the seller’s price to the buyer is fixed and determinable; and collectability is reasonably assured. Currently, the primary revenue for the Company is derived from its sales in its Personal Care Services and Medical Products and Technologies Segments’.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Amian is reimbursed for each approved “Unit of Service” provided, as determined by the Health Care Financing Administration (HCFA), the Department of Health & Hospitals and the Department of Social Services and based upon a detailed Case Management, Plan of Care for each beneficiary. A unit of service for PCA services will be one-half hour. At least fifteen (15) minutes of service must be provided to the individual in order for Amian Angels to bill for a unit of service. A maximum of 1,825 hours (3,650 half-hour units) per beneficiary, per year can be billed under the Medicaid waiver program. Our primary payor sources is the State of Louisiana, the Department of Veterans Administration and Private Pay individuals who reimburse us for the services we provide. We currently experience a two percent claims rejection rate. With the acquisition of Amian, Amian Angels now has private pay clients as well as Veterans Administration Social Services clients.

Esteemcare recognizes revenue related to product sales upon delivery to customers provided that we have received and verified any written documentation required to bill Medicare, other government agencies, third-party payers, and patients. For product shipments for which we have not yet received the required written documentation, revenue recognition is delayed until the period in which those documents are collected and verified. We record revenue at the amounts expected to be collected from government agencies, other third-party payers, and from patients directly. Government and insurance payors’ generally require patient compliance with product usage. Accordingly, most pay for the product purchases over a multi-month plan, generally 10 to 13 months. We record these revenues as received since the transfer of ownership is not guaranteed until the full purchase price is paid to us. We record, if necessary, contractual adjustments equal to the difference between the reimbursement amounts defined in the fee schedule and the revenue recorded per the billing system. These adjustments are recorded as a reduction of both gross revenues and accounts receivable. We analyze various factors in determining revenue recognition, including a review of specific transactions, current Medicare regulations and reimbursement rates, historical experience and the credit-worthiness of patients. Medicare reimburses at 80% of the government-determined prices for reimbursable supplies, and we bill the remaining balance to either third-party payers or directly to patients.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments, with an initial maturity of three (3) months or less to be cash equivalents.

ACCOUNTS RECEIVABLE

The Company’s receivables in its medical device segment are subject to credit risk, and the Company typically does not require collateral on its accounts receivable. Receivables are generally due within 30 days. The Company maintains an allowance for uncollectable receivables that reduces the receivables to amounts that are expected to be collected. .

The lead time for account receivables in our Personal Care service divisions ranges from 14 to 90 days. The majority of the Company’s receivables, approximately 90%, are collected within 14 days. We bill the State of Louisiana on a weekly basis and are reimbursed two weeks later via electronic funds transfer. We are able to resubmit any rejected claims an additional two times to Molina Healthcare, the EDI payment provider for payments within the next twelve months. Currently we maintain an allowance for uncollectible receivables at a rejection rate of 2% of outstanding receivables. We analyze our claim rejection rate on a quarterly basis and make quality improvements to reduce the number of rejected claims. Private pay customers are billed semi-monthly. Generally collections occur within 30 days. Veterans Administration (VA) customers are billed monthly. Generally collections occur within 45 to 60 days. Due to the recent governmental shutdown, the current lead time for payments is approximately 90 days. Upon final rejection of any resubmitted claims, the claims are resubmitted and after twelve months the receivables are written off to bad debt expense.

Our medical products and technologies accounts receivable are generally due from Medicare, Medicaid, private insurance companies, and our private patients. Accounts receivable are reported net of allowances for contractual adjustments and uncollectible accounts. The collection process is time consuming, complex and typically involves the submission of claims to multiple layers of payers whose payment of claims may be contingent upon the payment of another payer. As a result, our collection efforts may be active for up to 18 to 24 months from the initial billing date. In accordance with regulatory requirements, we make reasonable and appropriate efforts to collect our accounts receivable, including deductible and co-payment amounts, in a manner consistent for all classes of payers.

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 ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

INVENTORY

Inventories are stated at costs and are held on a first-in, first-out basis. Our inventory in our medical device segment consists primarily of miscellaneous parts. Our inventory in our medical products and technologies segment consists of masks, CPAP machines, BiPAP machines and other necessary breathing equipment.

PROPERTY AND EQUIPMENT

Property and equipment is recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the related assets as follows:

Furniture and fixtures	5 to 10 years
Computer equipment	5 years
Equipment	5 to 10 years
Software	3 to 5 years

The cost of maintenance and repairs is charged to expense in the period incurred. Expenditures that increase the useful lives of assets are capitalized and depreciated over the remaining useful lives of the assets. When items are retired or disposed of, the cost and accumulated depreciation are removed from the accounts and any gain or loss is included in income.

LONG-LIVED ASSETS

     ASC 360 – Property, Plant and Equipment addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of property and equipment or whether the remaining balance of property and equipment, or other long-lived assets, should be evaluated for possible impairment. Instances that may lead to an impairment include: (i) a significant decrease in the market price of a long-lived asset group; (ii) a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition; (iii) a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset or asset group, including an adverse action or assessment by a regulatory agency; (iv) an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset or asset group; (v) a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group; or (vi) a current expectation that, more likely than not, a long-lived asset or asset group will be sold or otherwise disposed of significantly before the end of its previously estimated useful life.

An estimate of the related undiscounted cash flows, excluding interest, over the remaining life of the property and equipment and long-lived assets is used in assessing recoverability. Impairment loss is measured by the amount which the carrying amount of the asset(s) exceeds the fair value of the asset(s). The Company primarily employs two methodologies for determining the fair value of a long-lived asset: (i) the amount at which the asset could be bought or sold in a current transaction between willing parties or (ii) the present value of estimated expected future cash flows grouped at the lowest level for which there are identifiable independent cash flows.

GOODWILL AND OTHER INTANGIBLE ASSETS

The Company adopted Accounting Standards Update 2011-08 “Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”) in the fourth quarter of fiscal 2014 due to its recent acquisition of Dotolo Research Corporation and Angels of Mercy, Inc. ASU 2011-08 permits an entity to first assess qualitative factors to determine whether it is more likely that not that the fair value of a reporting unit is less than its carrying amount.

Goodwill represents the excess of the cost of a business combination over the fair value of the net assets acquired and these costs are subject to annual impairment tests.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

We accounted for the acquisition of Dotolo, Amian and Esteemcare using the acquisition method of accounting under ASC 805 and ASC 810-10-65. The purchase price was allocated first to identifiable current then fixed assets as well as liabilities assumed. We then earmarked identifiable intangibles, with the remainder to goodwill. We identified patents as our identifiable asset for Dotolo Research Corporation. Amounts allocated to Goodwill for the acquisition of Dotolo are based on expanding our product into the medical market and the potential upside of the sale with a FDA medical device product with a reimbursement code. Dotolo is one of four companies worldwide with this FSA approved medical device product. Amounts allocated to goodwill for Amian and Esteemcare are based on increased clients and future revenues.

The Company evaluates the recoverability of its indefinite lived intangible assets, which consist of Dotolo, Amian and Esteemcare, based on estimates of future royalty payments that are avoided through its ownership of the intangibles and patents, discounted to their present value. In determining the estimated fair value of the intangibles and patents, management considers current and projected future levels of revenue based on its plans for Dotolo, business trends, prospects and market and economic conditions. See Note 4 – Acquisitions for further information on the acquisition of Dotolo.

We follow the two step process in ASC 350-20-35 for impairment testing. In the first step we compare the fair value of the reporting unit as a whole to its carrying value, including goodwill. For both reporting units, we have determined that the reporting units’ fair value exceeds its carrying value. We also compare the carrying value of goodwill by itself for both reporting units.

The following explains the results of our impairment testing. We have allocated $564,075 of goodwill to the Angels of Mercy, Inc. reporting unit. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 39%. We have allocated $1,217,704 of goodwill to the reporting unit Dotolo Research Corporation. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 26%. We have allocated $622,610  of goodwill the Esteemcare reporting unit. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 51% . In calculating the valuation, we used a discounted cash flow method based on the future 5 years cash flows of each reporting unit. We used a discount rate of 8% which is currently higher that the current long term interest rate. An increase in the overall national interest rate could have a negative impact on our valuation. An additional risk is the possibility of cash flow projections falling short of our 5 year estimate amount.

ADVERTISING COSTS

Advertising costs included with selling, general and administrative expenses in the accompanying consolidated statements of operations were minimal for the three months ended November 30, 2014 and 2013. Such costs are expensed as incurred.

INCOME TAXES

The Company adopted the provisions of FASB ASC 740 - Income Taxes provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Income taxes are determined using the asset and liability method. This method gives consideration to the future tax consequences associated with temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes.

-11-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAIR VALUE OF FINANCIAL INSTRUMENTS

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued expenses, and notes payable approximate fair value.

STOCK-BASED COMPENSATION

The Company has a stock-based compensation plan, which is described more fully in Note 12. The Company accounts for stock-based compensation in accordance with ASC 718. Under the fair value recognition provisions of this statement, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the vesting period. The Company estimates the fair value of stock options granted using the Black-Scholes option valuation model. The fair value of all awards is amortized on a straight-line basis over the vesting periods. The expected term of awards granted represent the period of time they are expected to be outstanding. The Company determines the expected term based on historical experience with similar awards, giving consideration to the contractual terms and vesting schedules. The Company estimates the expected volatility of its common stock at the date of grant based on the historical volatility of its common stock. The risk-free interest rate is based on the U.S. treasury security rate estimated for the expected life of the options at the date of grant. If actual results differ significantly from estimates, stock-based compensation could be impacted.

INVENTORY FINANCING AGREEMENTS

Our inventory finance agreements consist of qualified for-sale equipment purchases. Qualifying inventory purchases are grouped into a 12 month finance agreements allowing the company to spread the payments for this inventory over a twelve month period. All inventory finance agreements are interest free and consist of only minor fees for setup.

CONVERTIBLE DEBT

Interest on convertible debt is calculated using the simple interest method. The company recognizes a beneficial conversion feature to the extent the conversion price is less than the closing stock price on the issuance of the convertible notes. The Company also follows ASC 470-50 and ASC 470-20 regarding changes in the terms of the convertible notes and the induced conversion of its convertible debt.

RECLASSIFICATIONS

Certain prior year amounts have been reclassified to conform to the current year presentation.

STOCK INCENTIVE PLANS

Share based payment compensation costs for equity-based awards are measured on the grant date based on the fair value of the award on that date and is recognized over the required service period. The fair-value of stock option awards are estimated using the Black-Scholes model. Fair value of restricted stock awards is based upon the quoted market price of the common stock on the date of grant.

-12-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NET LOSS PER COMMON SHARE

Basic earnings (loss) per share is calculated under the provisions of ASC 260 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is calculated by dividing income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated based on the weighted average number of common shares outstanding during the period plus the dilutive effect of common stock purchase warrants and stock options using the treasury stock method and the dilutive effects of convertible notes payable and convertible preferred stock using the if-converted method. On Basic and diluted earnings per share for the three months ended November 30, 2014 and 2013 are as follows:

	For the Three Months Ended
	November 30,			November 30,
	2014			2013
Net gain (loss) attributable to common shareholders
Continuing operations	$	(443,288	)	$	(285,357	)
Discontinued operations		—			95,528
	$	(443,288	)	$	(189,829	)
Weighted average shares outstanding		133,488,493			79,307,202
Loss per common shares, basis and diluted
Continuing operations	$	(0.00	)	$	(0.00	)
Discontinued operations		—			0.00
	$	(0.00	)	$	(0.00	)

Due to the net losses during the three months ended November 30, 2014 and 2013, basic and diluted loss per share was the same, as the effect of potentially dilutive securities would have been anti-dilutive. Shares attributable to convertible notes, stock options, preferred stock and warrants not included the diluted loss per share calculation. Below lists all dilutive securities as of November 30, 2014 and 2013:

	As of
	November 30,	November 30,
	2014	2013
	Underlying	Underlying
Description	Common Shares	Common Shares
Convertible preferred stock	78,564	5,828,531
Convertible notes payable	133,670,880	6,728,418
Options	6,173,750	147,500
Warrants	30,583,333	11,500,000
Total potentially dilutive securities	170,506,527	24,204,449

-13-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEGMENT INFORMATION

ASC 280-10 defines operating segments as components of a company about which separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer and Chief Financial Officer in deciding how to allocate resources and in assessing performance. The Company currently has three business segments; medical device manufacturing, personal care services and medical products and technologies.

RECENT ACCOUNTING PRONOUNCEMENTS

We have evaluated all Accounting Standards Updates through the date the financial statements were issued and do not believe any will have a material impact.

New Accounting Standard

In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2012-02 “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (“ASU 2012-02”). ASU 2012-02 permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Under the amendments in ASU 2012-02, an entity is not required to calculate the fair value of an indefinite-lived intangible asset unless it determines that it is more likely than not that the fair value of the asset is less than its carrying amount. An entity also will have the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for interim and annual indefinite-lived intangible asset impairment tests performed for fiscal years beginning on or after September 15, 2012, with early adoption permitted. The Company’s adoption of ASU 2012-02 is not expected to have an impact on its consolidated financial statements.

NOTE 3 - GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses from operations over the past several years and anticipates additional losses in fiscal 2015 and prior to achieving breakeven.

During the year ended August 31, 2013 we acquired Dotolo Research Corporation and Angels of Mercy, Inc. In December 2013, through Amian Angels, we also acquired the assets of Amian Health Services and changed the company’s name to Amian Angels Inc. In September 2014 we acquired Esteemcare Inc. and Affordable Medical Equipment Solutions Inc. While these acquisitions greatly increase the value of our Company, the combined operations of OCLG are not cash flow positive at this time. Amian and Esteemcare are currently cash flow positive but alone is unable to support all the corporate overhead or needs of our other subsidiary, Dotolo. We anticipate that we will require approximately $1,000,000 to operate through December 31, 2015. Approximately $500,000 will be required to fund corporate overhead including debt servicing with the balance to invest into raw material inventory, manufacturing and product revisions at Dotolo Research. Additional funding will allow us to meet our current sales demands and expenses of Dotolo, Amian Angels and Oncologix, while keeping our public filings current.

Our Company is not profitable and we have to rely on debt and equity financings to fund operations. There is no assurance that the business activities of Dotolo will achieve breakeven status by the end of 2015. Significant delays in achieving break-even status could affect the ability to obtain future debt and equity funding. These factors raise substantial doubt about the Company’s ability to continue as a going concern. After auditing our financial statements, our independent auditor issued a going concern opinion and our ability to continue is dependent on our ability to raise additional capital. Currently there is a substantial doubt in the Company’s ability to continue as a going concern.

-14-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4 – ACQUISITIONS

Amian Health Services

On December 10, 2013, our subsidiary Angels of Mercy acquired the assets of Amian Health Services. Pursuant to the Agreement, the Owners sold all the assets for $100,000 represented by a down payment of $75,000 at closing and a one year Secured Promissory Note for $25,000.

The acquisition was accounted for using the acquisition method of accounting and the purchase price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. Identifiable intangible assets include patents and purchased goodwill.

The purchase price was allocated to assets acquired and liabilities assumed as follows:

Cash and cash equivalents	$	8,646
Property and equipment		6,000
Purchased goodwill		85,354
Total assets acquired	$	100,000

On September 25, 2014, we acquired all the outstanding shares of Esteemcare Inc. and its wholly owned subsidiary, Affordable Medical Equipment Solutions Inc. in exchange for a $400,000 down payment, $100,000 note and payoff of $173,433 in operating leases.

The acquisition was accounted for using the acquisition method of accounting and the purchase price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. Identifiable intangible assets include patents and purchased goodwill.

The purchase price was allocated to assets acquired and liabilities assumed as follows:

Cash and cash equivalents	$	12,449
Accounts receivable (net)		573,130
Inventory		106,165
Prepaid expenses and other current assets		860
Property and equipment		3,008
Deposits and other assets		10,551
Purchased goodwill		622,610
Total assets acquired	$	1,328,773
Accounts payable and other accrued expenses	$	454,877
Inventory financing agreements		125,463
Notes payable		75,000
Total liabilities assumed	$	655,340

-15-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 5 – DISCONTINUED OPERATIONS

During October 2013 the Company’s management and Board of Directors determined to dispose of Oncologix Corporation its Brachytherapy medical device subsidiary. On November 1, 2013, the company entered into a settlement agreement with Firetag, Stoss & Dowdell, PC., our former attorneys. Per the terms of the settlement agreement, we exchanged our 90% ownership and executed a $50,000 promissory note payable to Firetag in exchange for the forgiveness by Firetag of $145,522 in prior legal billings. The promissory note bears interest at 4% and requires 12 monthly payments of $4,257.49 beginning on December 1, 2013. Detailed below are the income and expenses related to these discontinued operations:

	For the Three Months Ended
	November 30,		November 30,
	2014		2013
Operating expenses:
General and administrative	$	—	$	36
Depreciation and amortization		—		—
Total operating expenses		—		36
Loss from operations		—		(36	)
Other income (expense):
Total other income (expense)		—		—
Loss from discontinued operations		—		(36	)
Gain on disposal of discontinued operations		—		95,564
Loss from discontinued operations		—		95,528
Less loss attributable to noncontrolling interest		—		—
Net loss from discontinued operations	$	—	$	95,528

NOTE 6 – INVENTORY

We have inventory, on hand in the amounts of $137,436  and $31,271 as of November 30, 2014 and 2013, respectively. Our inventory as of November 30, 2013 relates to our medical device manufacturing segment. Inventories at November 30, 2014 also included $106,165  related to our medical products and technologies division. Our inventory in our medical device segment consists primarily of miscellaneous parts. Our inventory in our medical products and technologies segment consists primarily of disposable products such as masks, oxygen tubing, and other breathing equipment. We also hold minor amounts of CPAP machines and BiPAP machines. Our machine purchases are generally set up on a Just-in-time order system. We do not maintain any inventory for our personal service care segment or our medical products division. We are currently redesigning our Toxygen hardware system and disposable products to take our Toxygen product into new markets. Currently, inventory on hand is made up of miscellaneous Toxygen hardware parts.

-16-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 7 - PROPERTY AND EQUIPMENT

Property and equipment is composed of the following at November 30, 2014 and August 31, 2014

	November 30,			August 31,
	2014			2014
Furniture	$	14,118		$	12,688
Office Equipment		12,962			12,962
Computers		23,897			22,321
Software		3,497			3,497
Leasehold improvements		—			—
Equipment		17,623			16,763
Total property and equipment at cost		72,097			68,231
Less: accumulated depreciation and amortization		(31,378	)		(28,264	)
	$	40,719		$	39,967

NOTE 8 – OFFICE LEASES

The Company leases office space in Alexandria and Lafayette Louisiana and in West Columbia and Charleston SC. Alexandria is a three year lease; Lafayette is a five year lease; West Columbia has one year remaining on its lease; and Charleston is a three year lease. On March 28, 2014, Dotolo Research moved from its current manufacturing location in Phoenix AZ into E&R Engineer manufacturing facilities located in Tempe, Az. Currently we hold our equipment in storage until a new facility is located. Rent expense for the three months ended November 30, 2014 and 2013 were $30,075 and $23,200, respectively. Following are the minimum lease payments:

2015	$	108,323
2016		126,424
2017		114,808
2018		42,448
Totals	$	392,003

NOTE 9 – GOODWILL, PATENTS AND OTHER INTANGIBLE ASSETS

We currently carry our patents and registrations net of amortization. As of November 30, 2014 and 2013, the Company has a capitalized cost of patents and registrations in the amount of $122,479 and accumulated amortization of 99,515. Our patents and registrations are amortized over a 20 year period. Amortization for each of the next 4 fiscal years, assuming no impairment, will be $6,124 per year.

-17-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 10 – INVENTORY FINANCE AGREEMENTS

Our inventory finance agreements consist of qualified for-sale inventory purchases. These finance agreements are held solely by Esteemcare. Qualifying inventory purchases are grouped into a 12 month finance agreements allowing the company to spread the payments for this inventory over a twelve month period. This allows the company to collect payments for the purchases of that inventory over that time period as most insurance plans spread the purchase payments over a multi-month period, generally 10 to 13 months. All inventory finance agreements are interest free and consist of only minor fees for setup. Below is a listing of our outstanding inventory finance agreements as of November 30, 2014 and 2013 as well as the monthly payment on each agreement.

	As of November 30,
	2014		2013		Monthly Payment
Wells Fargo (013)	$	1,395	$	—	$	1,395
Wells Fargo (015)		7,873		—		7,873
LCA 4160		20,804		—		4,161
Wells Fargo (016)		12,499		—		2,083
Wells Fargo (017)		33,323		—		4,165
VGM (322)		59,467		—		5,947
Wells Fargo (018)		61,736		—		6,174
Outstanding leases	$	197,097	$	—	$	31,798

NOTE 11 — NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE:

Convertible notes payable consist of the following as of November 30, 2014 and 2013:

	November 30,		November 30,
	2014		2013
8.0% convertible note due February 2015	$	75,000	$	100,000
6.0% convertible note due September 2015		189,025		235,025
8.0% convertible note due December 2013		—		9,380
8.0% convertible note due October 2014 (net of discount)		—		4,041
12% convertible note due March 2015 (net of discount)		14,586
10% convertible note due February 2015 (net of discount)		74,726
12% convertible note due July 16, 2015 (net of discount)		9,947
8% convertible note due November 2015		7,831
8% convertible note due November 2015		14,831
Total unsecured convertible notes payable		385,946		348,446
Less:  Long-Term portion		—		—
Current portion	$	385,946	$	348,446

-18-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following is a summary of future minimum payments on convertible notes payable as of November 30, 2014:

	Convertible
Fiscal Year Ending August 31,	Notes Payable
2015	$ 385,946

During May and June 2007, we issued nine Convertible Promissory Notes in an aggregate principal amount of $700,000. Eight of these notes we-+re converted into common stock in fiscal 2009. The remaining Convertible Promissory Note, in the principal amount of $125,000, was extended on January 28, 2010 initially to March 31, 2012, where the conversion rate was reduced to $.60, and then extended to September 30, 2013. In October 2013 and November 2014, the investor sold two $25,000 positions of principal in the note to another accredited investor and currently holds a note representing the remaining $75,000 in principal. The note has been extended to February 28, 2015. We are currently working with the investor to extend the note. As of November 30, 2014, the Company has accrued interest in the amount of $62,642.

On April 1, 2009, we issued to Ms. Lindstrom, our former Chief Executive Officer, a convertible promissory note in lieu of payment of $235,025 in accrued salary owed to Ms. Lindstrom. This note accrues interest at a rate of 6% per annum and was originally due on March 31, 2012. On March 16, 2012, Ms. Lindstrom agreed to extend the due date of the note to September 30, 2013. There was no beneficial conversion feature recognized upon the issuance of this note. An outside party has entered into an assignment and settlement agreement with Ms. Lindstrom to purchase the note. The note assignment is currently in default. During fiscal 2014, the Assignee has converted $46,000 of principal into 8,788,171 shares of stock reducing the current balance of the note to $189,025. As of November 30, 2014, the Company has accrued interest in the amount of $78,754.

On October 2, 2013, the Company entered into a securities transfer agreement with an accredited investor as well as a current convertible note holder. The agreement called for the accredited investor to purchase $25,000 of the current convertible note holder note. The Company issued to the accredited investor a convertible promissory note bearing interest at 8% and convertible at a 45% discount into shares of the Company’s common stock using a three-day average of the lowest closing bid prices for the twenty trading days immediately preceding the conversion date. On October 3, 2013, the investor converted $15,620 into 4,000,000 shares of the Company’s common stock at a rate of $.003905 per share. On December 3, 2013, the investor converted the remaining principal of $9,380 into 2,008,559 shares of the Company’s common stock at a rate of $0.00467 per share.

On October 2, 2013 we issued a convertible promissory note in the principal amount of $25,000. This promissory note bears interest at a rate of 8% per annum and is due on October 2, 2013. The note is convertible at a 45% discount of the average of the three lowest closing bid prices in the twenty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $25,000. On April 6, 2014 the holder elected to convert $17,074 in principal plus $690 in accrued interest into 5,383,007 shares of common stock at a conversion price of $.0033. In August 1, 2014 the remaining principal of $7,926 plus accrued interest of $530 was converted into 3,416,764 shares of common stock at a conversion rate of $.002475.

On March 19, 2014 we issued a convertible promissory note in the principal amount of $26,500 to an unrelated accredited investor. This promissory note bears interest at a rate of 12% per annum and is due on March 19, 2015. The note is convertible at a 38% discount of the lowest closing bid prices in the thirty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $26,500. During November 2014, the investor converted $4,000 of principal plus accrued interest of $219 into 2,126,602 shares of common stock. The current principal balance at November 30, 2014 is $22,500 . As of November 30, 2014, the Company has accrued interest in the amount of $1,266.

-19-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

On April 8, 2014 we issued a convertible promissory note in the principal amount of $50,000 to an unrelated accredited investor. This promissory note bore interest at a rate of 12% per annum and is due on April 8, 2015. The note is convertible at a 35% discount of the average 4 lowest closing bid prices in the twenty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $50,000. This note was paid in full on October 2, 2014.

On April 25, 2014 we issued a convertible promissory note in the principal amount of $25,000 to an unrelated accredited investor. This promissory note bears interest at a rate of 12% per annum and is due on October 25, 2015. The note is convertible at a 35% discount of the average 4 lowest closing bid prices in the thirty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $25,000. During October and November 2014, the entire principal amount of $25,000 was converted into 8,284,469 shares of common stock. As of November 30, 2014, the Company has accrued interest in the amount of $1,646.

On May 21, 2014 we issued a convertible promissory note in the principal amount of $115,000 to an unrelated accredited investor. This promissory note bears interest at a rate of 10% per annum. This principal includes a 10% OID in the amount of $10,000, which is being amortized over the term of the note. The note is due in 4 equal installments beginning on the 180^th day after the execution of the note. The company may make the payments in common stock. The note is convertible at a $.009 per share. As additional consideration, the Company issued 9,583,333 5 year warrants with an exercise price of $.009. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $38,322 related to the issuance of the warrants. On November 23, 2014  the Company made a required principal payment of $28,750 plus accrued interest. The balance of this note as of November 30, 2014 is $86,250. As of November 30, 2014, the Company has accrued interest in the amount of $168.

On July 16, 2014 we issued a convertible promissory note in the principal amount of $26,500 to an unrelated accredited investor. This promissory note bears interest at a rate of 12% per annum and is due on July 26, 2015. The note is convertible at a 38% discount of the lowest closing bid prices in the thirty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $26,500. As of November 30, 2014, the Company has accrued interest in the amount of $796.

On November 17, 2014, the Company entered into a securities transfer agreement with an accredited investor as well as a current convertible note holder. The agreement called for the accredited investor to purchase $25,000 of the current convertible note holder note. The Company issued to the accredited investor a convertible promissory note bearing interest at 8% and convertible at a 30% discount into shares of the Company’s common stock using a five-day average of the lowest closing stock prices immediately preceding the conversion date. The Company recorded a beneficial conversion feature of $10,545. On November 21, 2014 the investor converted $7,000 of principal into 2,380,952 shares of the Company’s common stock. The principal balance of the note on November 30, 2014 was $18,000. As of November 30, 2014, the Company has accrued interest in the amount of $22.

On November 17, 2014 we issued a convertible promissory note in the principal amount of $25,000. This promissory note bears interest at a rate of 8% per annum and is due on October 2, 2013. The note is convertible at a 30% discount of the average of the five closing stock prices immediately preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $10,545. As of November 30, 2014 the company has accrued interest of $71.

-20-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONVERTIBLE RELATED PARTY NOTES PAYABLE:

As of November 30, 2014, there are currently no related party convertible notes payable outstanding. The note related to our former CEO is now classified as non-related convertible debt for all comparable periods.

RELATED PARTY NOTES PAYABLE:

	November 30,	November 30,
	2014	2013
6.0% line of credit (2)	$             33,206	$             51,600
		-
Outstanding unsecured related party notes payable	$             33,206	$             51,600
(1)  Note payable to current CEO.

During the last two years, Wayne Erwin, our President and CEO, has advanced a total of $51,600 directly to Dotolo in an open advance account. Interest is being accrued at a rate of 6% per annum. As of November 30, 2014 the Company has repaid $18,394 of principal and has accrued interest in the amount of $7,125. There is no specific due date on this note.

During April 2013, Wayne Erwin, our President and CEO, had advanced a total of $10,675 to Oncologix Tech, Inc. This note bore interest at 6%. This note was paid in full in September 2013 together with accrued interest of $223.

The following is a summary of future minimum payments on related party notes payable as of November 30, 2014:

	Related Conv.
Fiscal Year Ending August 31,	Notes Payable
2015	$ 33,206

-21-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

OTHER NOTES PAYABLE:

	November 30,			November 30,
	2014			2013
18% note payable due January 2015	$	30,000		$30,000
18% note payable due January 2015		20,000		20,000
Time Lease Payment due January 2014		—		958
Note payable		11,100		60,600
Bank line of credit loan		43,671		4,976
6% note payable due December 2014		2,158		-
Merchant Loan due March 2014		—		68,950
Merchanrt Loan due May 2014		—		50,389
Merchant Loan due January 2015		25,385		-
Merchant Loan due January 2015		29,600		-
Merchant Loan due January 2015		54,885		-
Merchant Loan due January 2015		48,950		-
Note payable		75,000		-
12% note payable due May 2014		—		10,000
Note payable - fee reimbursement		—		43,333
6% note payable due August 2015		—		111,500
6% note payable due October 2017		457,934		537,238
18% note payable due January 2015		47,666		100,000
22% note payable due January 2014		—		10,000
18% note payable due November 2014 (net of discount)		—		10,000
18% note payable due November 2014 (net of discount)		—		10,000
4% note payable due November 2014		—		45,909
14.5% note payable due September 2015		1,533,584		-
18% note payable due January 2015 (net of discount)		71,985		-
10% note payable due June 2015 (net of discount)		11,576		-
6% note payable due February 2015 (net of discount)		4,026		-
6% note payable due August 2015 (net of discount)		17,834		-
6% note payable due September 2015		68,920		-
6% note payable due September 2015		22,973		-
12% note payable due December 2019		60,000		-
Subtotal		2,637,247		1,113,853
Less:  Long-Term portion		(373,739	)	(315,115)
Current portion	$	2,263,508		$798,738

Notes held by Dotolo

On February 27, 2013 our subsidiary Dotolo, entered into a note payable agreement to provide funding to its subsidiary in the principal amount of $30,000. The note bears interest at 18% payable monthly on the 15th and is due in full in January 2015. For the three months ended November 30, 2014, we made interest payments in the amount of $1,350. As of November 30 2014, we have accrued interest of $1,365.

-22-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

On March 17, 2013 our subsidiary Dotolo, entered into a note payable agreement to provide funding to its subsidiary in the principal amount of $20,000. The note bears interest at 18% payable monthly on the 15th and is due in full in January 2015. For the year ended November 30, 2014, we made interest payments in the amount of $900. As of November 30, 2014, we have accrued interest of $990.

Our subsidiary has a time lease payment which is due to be paid off in January 2014. As of November 30, 2013, the outstanding balance was $958.

During April 2012, our subsidiary Dotolo, entered into a financing agreement to provide up to $150,000 in funding for the subsidiary. The financing agreement was due in January 2013. We entered into a settlement agreement whereby we paid $45,000 from amounts held in reserve by our senior lender and are required to make 10 monthly payments of $1,500. As of November 30, 2014, the current balance is $11,100.

Notes held by Amian Angels

During fiscal 2014 we borrowed $45,000 from our line of open line of credit with our bank. As of November 30, 2014 the outstanding balance of the line of credit loan was $43,671.

In connection with the acquisition of Amian Health Services, the Company entered into a twelve month promissory note in the total principal amount of $25,000. The note bears interest at $6% and requires monthly payments of $2,152. As of November 30, 2014, the balance is $2,158.

On September 16, 2013, the Company obtained a merchant loan for additional working capital in the amount of $80,000. The merchant loan bores interest at a rate of 15% and calls for 130 daily payments of $861 for a total repayment amount of $112,000. Out of the net proceeds, the company also paid $20,000 in broker fees and loan fees of $750. This loan was paid in full on January 3, 2014.

On November 27, 2013, the Company obtained a merchant loan for additional working capital in the amount of $51,000. This loan requires 180 daily payments in the amount of $306 for a total repayment amount of $55,021. We netted gross proceeds of $46,032 after paying loan fees. This note was paid off March 11, 2014.

On December 18, 2013, the Company obtained a merchant loan for additional working capital in the amount of $72,000. This loan requires 82 daily payments in the amount of $888 for a total repayment amount of $72,500. We netted gross proceeds of $49,301 after fees of $699. This note was paid off March 11, 2014.

On March 11, 2014, the Company obtained a merchant loan for additional working capital in the amount of $150,000. This loan requires 209 daily payments in the amount of $940 for a total repayment amount of $196,500. We netted gross proceeds of $146,750 after paying loan fees. This note was paid in full in December 2014.

On April 18, 2014, the Company obtained a merchant loan for additional working capital in the amount of $120,000. This loan requires 189 daily payments in the amount of $800 for a total repayment amount of $151,200. We netted gross proceeds of $119,301 after paying loan fees. This note was paid in full in December 2014.

On July 10, 2014, the Company obtained a merchant loan for additional working capital in the amount of $150,000. This loan requires 132 daily payments in the amount of $1,568 for a total repayment amount of $207,000. We netted gross proceeds of $149,120 after paying loan fees. This note was paid in full in December 2014.

On September 11, 2014, the Company obtained a merchant loan for additional working capital in the amount of $100,000. This loan requires 75 daily payments in the amount of $1,999 for a total repayment amount of $149,900. We netted gross proceeds of $99,295 after paying loan fees. This note was paid in full in December 2014.

-23-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Notes held by Esteemcare

On September 25, 2014, as part of the acquisition of Esteemcare Inc. and Affordable Medical Inventory Solutions Inc., the company issued a 1 year note to Imad Siddiqui in the principal amount of $75,000. As of November 30, 2014, this note has not been executed by the holder and accordingly, we have not accrued any interest on this note.

Notes held by Oncologix Tech

On May 23, 2013, the Company issued a one year note in the amount of $20,000. The note bore interest at a rate of 12% per annum. The Company is required to repay the note at a rate of $1,867 per month, which includes interest, on the 15^th day of each month. The note is secured by certain collateral of our CEO. This note was paid in full in May 2014.

On August 1, 2013, in connection with our acquisition of Angels of Mercy, Inc. we entered into a promissory note to pay $65,000 of broker’s fees incurred in the acquisition. Monthly payments of $5,417 are due and payable beginning on August 15, 2013. This note bears no interest. This was paid in full in July 2014.

On August 1, 2011 our subsidiary Dotolo, entered into a note payable agreement to provide funding to its subsidiary in the principal amount of $111,500. In December 2013, this note was assumed by Oncologix Tech, Inc. The note bore interest at 6% and matures on August 31, 2015. During January through August 2014, the Board of Directors authorized the conversions of the entire principal and accrued interest amount. During that time frame, the $111,500 in principal was converted into 18,716,229 shares of the Company’s common stock and is considered paid in full.

On August 1, 2013, in connection with our acquisition of Angels of Mercy, Inc. we entered into a promissory note to pay $550,000 for the purchase of Angels of Mercy, Inc. Monthly payments of $9,115 are due and payable beginning on November 1, 2013 with a final balloon payment of $205,705 due on October 1, 2017. This note bears interest at a rate of 6%. As of November 30, 2014, the outstanding balance of the note is $457,934.

On July 26, 2013 the Company issued an 18 month promissory note in the principal amount of $100,000. These funds were used for the cash down payment for the Angels acquisition. The note bears interest at 18% and requires monthly interest payments of $1,200 beginning on September 26, 2013. In December 2013, we modified the loan agreement to make monthly payments of $6,200. As of November 30, 2014 the outstanding balance was $47,666.

On October 1, 2013, the Company borrowed 10,000 in principal from an unrelated investor. The note was due January 2, 2014 and bore interest at 22%. Monthly interest payments of $183.33 are due on the first of each month beginning on November 1, 2013. This note was paid in full on January 3, 2014.

On November 5, 2013 and November 8, 2013, the Company entered into two, one-year promissory notes with accredited investors to borrow a total principal amount of $20,000. Each promissory note is $10,000 in principal balance, bore interest at 18% and requires monthly interest payments of $150 each. The company also issued 3,000,000 in cashless warrants as finder’s fees for these funds. The Company recorded a discount of $14,805 for the issuance of the warrants. These notes were paid in full in November 2014.

On November 1, 2013, the Company entered into a Settlement Agreement with its former legal counsel. The current balance owed to prior counsel is $145,523. Pursuant to the settlement agreement, the Company agreed to pay $50,000 in the form of a one year promissory note and transfer its 90% ownership interest and all marketing rights of Oncologix Corporation, one of its subsidiaries as full settlement of the current balance owed. The promissory note bears interest of 4% and requires monthly payment of $4,257 beginning on December 1, 2013. This note was paid in full during November 2014.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

On January 3, 2014, the Company closed on a 4 million dollar line of credit facility, with an initial draw of $500,000. The Company must meet specific monthly reporting and collateral requirements to further draw on the revolving credit facility. The $500,000 initial draw is secured by a 14.5% promissory note, which is convertible ONLY upon default by the Company. In July 2014, we borrowed an additional $75,000 from the principal we repaid. This note is due in six months with an automatic option to renew after six months. On September 25, 2014, the Company took down a second draw from its 4 million dollar line of credit facility in the amount of $1,200,000. The Company must meet specific monthly reporting and collateral requirements to further draw on the revolving credit facility. The outstanding balance at the time of the draw was $1,533,584 which is secured by twelve month 14.5% promissory note, which is convertible ONLY upon default by the Company. This note is automatically renewable for an additional twelve months. The company is required to pay interest and fees only for the initial 3 months. The balance of this note on November 30, 2014 is $1,533,584.

On December 3, 2013, The Company entered into a twelve month promissory note with an accredited investor to borrow a total principal amount of $75,000. The note bears interest of 18% per annum and calls for monthly payments of principal and interest of $1,375 beginning on January 15, 2014 with a balloon payment due December 15, 2014. The Company also issued as additional finders’ fees to the investor, 3,500,000 shares of common stock and 1,000,000 cashless warrants with an exercise price of $.025. As of November 30, 2014, the balance was $72,034. The Company recorded a discount of $5,992 for the issuance of the warrants.

On December 20, 2013, the Company issued a 1-year promissory note to a non-related accredited investor in the principal amount of $12,000. This note bears interest at 10% per annum and matures in December 2014. This note was extended to June 2015. As additional consideration for the operating capital loan, the company issued 3,000,000 cashless two-year warrants with an exercise price of $0.02. The Company recorded a discount of $7,746 for the issuance of the warrants. As of November 30, 2014 the Company has accrued interest of $1,137.

On February 7, 2014, the Company issued a 1-year promissory note in the principal amount of $15,000 to a non-related accredited investor. This note bears interest at 6% per annum and matures in February 2015. As additional consideration for the operating capital loan, the company issued 1,500,000 two-year warrants with an exercise price of $0.15 and 1,000,000 shares of common stock. The Company recorded an expense of $9,000 for the issuance of the common stock. The Company recorded a discount of $5,151 for the issuance of the warrants. On August 1, 2014 this investor used $10,000 to purchase 1,200,000 shares of common stock. As of November 30, 2014 the Company has accrued interest of $527.

On August 15, 2014 the Company issued a 1-year promissory note to a non-related accredited investor in the principal amount of $25,000. This note bears interest at 10% per annum and matures in August 2015. As additional consideration for the operating capital loan, the company issued 4,000,000 cashless two-year warrants with an exercise price of $0.065. The Company recorded a discount of $10,177 for the issuance of the warrants. As of November 30, 2014 the Company has accrued interest of $743.

On September 25, 2014, the Company issued a $75,000 and $25,000 1-year promissory notes bearing interest at 6% in connection with the acquisition of Esteemcare Inc. and Affordable Medical Inventory Solutions Inc. As of November 30, 2014, the outstanding balances of these notes were $68,920 and $22,973, respectively.

On October 1, 2013, the Company borrowed $60,000 in principal from an unrelated investor. This note bears interest at a rate of 12% and calls for 60 monthly payments of $1,334.67 beginning on January 19, 2015. The note matures on January 19, 2019.

-25-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following is a summary of future minimum payments on r notes payable as of November 30, 2014:

	Related Conv.
Fiscal Year Ending August 31,	Notes Payable
2015	2,234,881
2016	87,623
2017	314,743

NOTE 12 — STOCKHOLDERS EQUITY

PREFERRED STOCK:

Series A Convertible Preferred Stock.

The Company is authorized to issue up to 10,000,000 shares of preferred stock, in one or more series, and to determine the price, rights, preferences and privileges of the shares of each such series without any further vote or action by the stockholders. The rights of the holders of common stock will be subject to, and may be adversely affected by, the rights of the holders of any shares of preferred stock that may be issued in the future.  

In January 2003, our Board of Directors authorized up to 4,500,000 shares of Series A Convertible Preferred Stock.  Each share of Series A Convertible Preferred stock has a par value of $0.001 and is convertible into one-half share of common stock in upon a cash payment by the holder to the Company of $0.40 per common share.  The Series A Convertible Preferred Stock is entitled to receive, in preference to the common stock, of noncumulative dividends, if declared by the Board of Directors, and a claim on the Company's assets upon any liquidation of the Company senior to the common stock.  These preferred shares are not entitled to voting rights. There are presently outstanding 129,062 shares of Series A Preferred Stock.

On March 30, 2003, the Company completed the private placement of Units pursuant to the terms of a Unit Purchase Agreement (the “Units”) with accredited investors. Each Unit consists of the following underlying securities: (i) three shares of the Company’s common stock; (ii) one share of Series A Convertible Preferred Stock, par value $.001 per share; and (iii) one three-year warrant to purchase one share of common stock at a per share price of $0.30. The warrants expired on March 31, 2006. Each share of Series A Convertible Preferred Stock is convertible into one half share of the Company’s common stock in exchange for $0.40 per common share ($.20 for each Series A Convertible Preferred share converted). The securities underlying the Units are not to be separately tradable or transferable apart from the Units until such time as determined by the Company’s Board of Directors. A total of 4,032,743 Units were issued. As of August 31, 2014 and August 31, 2013, there were 129,062 and 129,062 Units outstanding that had not been separated, respectively. These units are presented as their underlying securities on our balance sheet and consist of 64,531 shares of Series A Preferred Stock and 96,797 shares of common stock which is included in the issued and outstanding shares.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Below is a table detailing the outstanding Series A Convertible Preferred Stock shares outstanding during the last two fiscal years:

	Preferred	Number of				Weighted Avg.
	Shares	Common Shares		Proceeds if		Per Common Sh.
	Outstanding	Convertible		Converted		Exercise Price
Outstanding, August 31, 2013	129,062	64,531	$	25,812	$	0.40
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	0.40
Issued	—	—		—	$	—
Outstanding, August 31, 2014	129,062	64,531	$	25,812	$	0.40
Expired/Retired	—	—		—	$	0.40
Converted	—	—		—	$	—
Issued	—	—		—	$	—
Outstanding, November 30, 2014	129,062	64,531	$	25,812	$	0.40

Series D Convertible Preferred Stock

In March 2013, our Board of Directors authorized up to 60,000 shares of Series D Convertible Preferred Stock. Each share of Series D Convertible stock has a par value of $0.001 and is convertible into 1,000 shares of common stock beginning after March 1, 2014. Each share of Series D Convertible Preferred Stock has a stated liquidation value of $80.25. Each shares of Series D Convertible Preferred Stock shall have voting rights as stated below:

March 1, 2013 to February 28, 2014, 400 votes per share;

March 1, 2014 to February 28, 2015, 800 votes per share;

March 1, 2015 to February 28, 2016, 1,200 votes per share;

March 1, 2016 to February 28, 2017, 1,600 votes per share;

March 1, 2017 and after, 2,000 votes per share;

On March 22, 2013, the Company issued 58,564 shares of Series D Convertible Preferred Stock to acquire 100% of the outstanding common stock of Dotolo. On March 22, 2013 the issued shares had a fair market value of $585,640 based on the fair market value of the underlying common stock shares.

On January 3, 2014, as payment for $150,000 of banking fees associated with our $4 million line of credit, we issued 20,000 shares of Series D Convertible Preferred Stock.

-27-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Below is a table detailing the outstanding Series D Convertible Preferred Stock shares outstanding during the last two fiscal years:

	Preferred	Number of				Weighted Avg.
	Shares	Common Shares		Proceeds if		Per Common Sh.
	Outstanding	Convertible		Converted		Exercise Price
Outstanding, August 31, 2013	58,564	58,564,000	$	—	$	80.25
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	—
Issued	20,000	20,000,000		—	$	80.25
Outstanding, August 31, 2014	78,564	78,564,000	$	—	$	—
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	—
Issued	—	—		—	$	—
Outstanding, November 30, 2014	78,564	78,564,000	$	—	$	80.25

SUBSCRIBED COMMON STOCK:

Below is a table detailing the Common Stock Subscribed during the last two fiscal years:

For the period Ended November 30, 2014
	Shares		Amount
Shares issuable upon conversion of convertible notes payable	-		$-
Total subscribed stock	-		$-
For the period Ended August 31, 2014
		Shares		Amount
Shares issuable upon conversion of convertible notes payable		1,058,201	$	5,000
Total subscribed stock		1,058,201	$	5,000

COMMON STOCK:

On March 7, 2014, the Company increased its authorized shares of common stock to 750,000,000. The increase was approved by a majority of the Company’s shareholders on January 27, 2014.

Below are recent sales of unregistered securities:

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Date	Securities		Underwriters/
Sold	Sold	Consideration	Purchasers *	Notes
9/12/2013	1,000,000	$                     -	Vendor	The Company issued 1,000,000 S-8 shares to a vendor for consulting work.  The Company recorded an expense of $11,500 upon the issuance of those shares.
9/12/2013	1,500,000	$             10,000	Accredited Investor	The Company sold 1,500,000 shares of common stock to an affiliated accredited investor at $0.00667 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
10/3/2013	4,000,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $15,620 in principal and interest into 4,000,000 shares of common stock at $0.00391 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/3/2013	1,891,123	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $9,380 in principal and interest into 1,891,123 shares of common stock at $0.00496 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/3/2014	2,000,000	$                     -	Vendor	The company issued 2,000,000 shares of common stock as consideration for services.  The company recorded an expense of $22,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/13/2014	3,076,923	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $20,000 in principal and interest into 3,076,923 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/14/2014	1,000,000	$                     -	Vendor	The company issued 1,000,000 shares of common stock as consideration for services.  The company recorded an expense of $19,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/15/2014	117,436	$                     -	Accredited Investor	Additional reset shares were issued to a non-affiliated accredited investor in connection with the prior conversion of $9,380 in principal and interest into 117,436 shares of common stock.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	3,500,000	$                     -	Accredited Investor	The company issued 3,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $45,500 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	1,500,000	$                     -	Accredited Investor	The company issued 1,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.

-29-

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1/31/2014	3,472,222	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 3,472,222 shares of common stock at $0.0072 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/7/2014	1,000,000	$                     -	Accredited Investor	The company issued 1,000,000 shares of common stock as consideration for  fees.  The company recorded an expense of $9,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/24/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
3/12/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	2,936,314	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $19,086 in principal and interest into 2,936,314 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	5,383,007	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $17,764 in principal and interest into 5,383,007 shares of common stock at $0.0033 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/2/2014	5,000,000	$                     -	Accredited Investor	The company issued 5,000,000 shares of common stock as consideration for services.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/25/2014	5,138,746	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 5,138,746 shares of common stock at $0.004865 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/14/2014	2,500,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $11,000 in principal and interest into 2,500,000 shares of common stock at $0.0044 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/24/2014	1,149,425	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,149,425 shares of common stock at $0.00435 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/1/2014	3,416,764	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $8,456 in principal and interest into 3,416,764 shares of common stock at $0.002475 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/26/2014	1,200,000	$                     -	Accredited Investor	The Company sold 1,200,000 shares of common stock to an affiliated accredited investor at $0.00833 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
9/10/2014	1,058,201	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,058,201 shares of common stock at $0.004725 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

10/28/2014	1,473,622	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,473,622 shares of common stock at $0.003383 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/3/2014	1,508,296	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,508,296 shares of common stock at $0.003315 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/10/2014	1,724,733	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,724,733 shares of common stock at $0.002899 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/12/2014	6,000,000	$                     -	Vendor	The company issued 6,000,000 shares of common stock as consideration for services.  The company recorded an expense of $24,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/24/2014	2,380,952	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $7,000 in principal and interest into 2,380,952 shares of common stock at $0.00294 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	3,577,818	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $10,000 in principal and interest into 3,577,818 shares of common stock at $0.002795 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	2,126,602	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $4,219 in principal and interest into 2,126,602 shares of common stock at $0.001984 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
	79,862,954	$             10,000
*  There were no underwriters associated with any of our Sales of Unregistered Securities.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NON-CONTROLLING INTEREST

On February 27, 2009, in connection with the Technology Agreement we entered into with Institut für Umwelttechnologien GmbH, a German Company (“IUT”) whereunder the parties have agreed that the Company’s marketing rights have been transferred to its subsidiary, Oncologix Corporation and have issued IUTM 10% of the equity ownership of that subsidiary. As of February 27, 2009, the value of the non-controlling interest was $212. It was determined at August 31, 2010 the value of the investment in IUTM was impaired. Accordingly, we recorded an impairment loss in the amount of $3,186 for the year ended August 31, 2010. As of November 30, 2014, as a result of the disposition of Oncologix Corporation, we do not have to recognize a non-controlling interest.

WARRANTS:

The following table summarizes warrant activity in fiscal 2015 and 2014:

		Weighted Avg.
	Number	Exercise Price
Outstanding, August 31, 2013	7,000,000	0.012
Expired/Retired	—	—
Exercised	—	—
Issued	23,583,333	0.011
Outstanding, August 31, 2014	30,583,333	—
Expired/Retired	—	—
Exercised	—	—
Issued	—	—
Outstanding, November 30, 2014	30,583,333	0.011

The fair value of warrants granted is estimated using the Black-Scholes option pricing model. This model utilizes the following factors to calculate the fair value of options granted: (i) annual dividend yield, (ii) weighted-average expected life, (iii) risk-free interest rate and (iv) expected volatility. The warrants were expensed and accounted for under ASC 718.

The fair value for these warrants was estimated as of the date of grant using a Black-Scholes option-pricing model with the following assumptions:

	For the Three Months Ended November 30,
	2014	2013
Volatility	-	329% - 380%
Risk free rate	0.00%	0.25%
Expected dividends	None	None
Expected term (in years)	-	3 Years

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 ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Details relative to the 30,583,333 immediately exercisable outstanding warrants at November 30, 2014 are as follows:

		Weighted
		Average
Date of	Number	Exercise	Remaining	Expiration
Grant	of Shares	Price	Exercise Life	Date
Outstanding, August 31, 2013	7,000,000
First quarter of fiscal 2014	4,500,000	$     0.012	3 years	November 2017
Second quarter of fiscal 2014	5,500,000	$     0.017	2 to 3 years	Dec 2015 to Dec 2016
Third quarter of fiscal 2014	9,583,333	$     0.012	5 years	May 2019
Fourth quarter of fiscal 2014	4,000,000	$     0.007	2 years	August 2016
Outstanding, August 31, 2014	30,583,333
First quarter of fiscal 2014	-	$          -	-
Outstanding, November 30, 2014	30,583,333

On August 1, 2013, the company issued 1,000,000 four-year cashless warrants as additional consideration for the acquisition of Amian Angels. These warrants expire four years after the date of issuance and have an exercise price of $.015.

On August 5, 2013, the company issued 6,000,000 three-year cashless warrants, to a related party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.012.

On September 11, 2013, the company issued 1,500,000 three-year cashless warrants, to a related party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.015.

On November 8, 2013, the company issued 3,000,000 three-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.01.

On December 3, 2014, the company issued 1,000,000 three-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.025.

On December 20, 2014, the company issued 3,000,000 two-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire two years after the date of issuance and have an exercise price of $.016.

On February 7, 2014, the company issued 1,000,000 two-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire two years after the date of issuance and have an exercise price of $.015.

On May 21, 2014, the company issued 9,583,333 five-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire five years after the date of issuance and have an exercise price of $.009.

On August 15, 2014, the company issued 4,000,000 two-year warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire two years after the date of issuance and have an exercise price of $.0065.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The remaining contractual life of warrants outstanding as of November 30, 2014 was 2.55 years. Warrants for the purchase of 30,583,333 and 11,500,000 shares were immediately exercisable on November 30, 2014 and 2013, respectively with a weighted-average price of $0.011 and $0.012 per share, respectively.

STOCK OPTIONS:

ASC 718 requires the estimation of forfeitures when recognizing compensation expense and that this estimate of forfeitures be adjusted over the requisite service period should actual forfeitures differ from such estimates. Changes in estimated forfeitures are recognized through a cumulative adjustment, which is recognized in the period of change and which impacts the amount of unamortized compensation expense to be recognized in future periods.

ASC 718 requires that modification of the terms or conditions of an equity award is to be treated as an exchange of the original award for a new award. This event is accounted for as if the entity repurchases the original instrument by issuing a new instrument of equal or greater value, incurring additional compensation cost for any incremental value.

2000 Stock Incentive Plan

The Company is authorized to issue up to 7,500,000 shares of common stock under its 2000 Stock Incentive Plan. Shares may be issued as incentive stock options, non-statutory stock options, deferred shares or restricted shares. Options are granted at the fair market value of the common stock on the date of the grant and have terms of up to ten years. The 2000 Stock Incentive Plan also provides for an annual grant of options to members of our Board of Directors. For fiscal years ended August 31, 2008 through 2012, our Board of Directors elected to waive the grant of these annual options.

On December 13, 2013, the Board of directors authorized the granting of 6,100,000 options to its three officers; 2,400,000 options to Wayne Erwin, our CEO; 2,100,000 options to Michael Kramarz, our CFO; and 1,600,000 options to Vickie Hart, President of Amian Angels. These options vest immediately and have an exercise price $.015, the closing stock price on December 13, 2013.

On December 20, 2014, the Company issued 20,000 options as part of its annual grant program to its two directors. These options vest in 1 year and have an exercise price of $.016, the closing stock price on December 20, 2013.

We have 473,253 shares of common stock available for future issuance under our 2000 Stock Incentive Plan as of November 30, 2014. This plan has been approved by our shareholders.

During the three months years ended November 30, 2014 and 2013, we granted nil and nil options from the stock incentive plan described above, respectively. During the three months ended November 30, 2014 and 2013, nil and nil options were exercised, respectively. During the three months ended November 30, 2014 and 2013, nil and 69,585 options expired, respectively. During the three months ended November 30, 2014 and 2013, $0 and $0 was expensed as stock based compensation, respectively.

			Weighted Average
	Number of	Option Price	Exercise Price
	Options Granted	Per Share	Per Share
Outstanding, August 31, 2013	217,085	$0.12 - $2.00	$	1,120.000
Granted	6,120,000	$0.015 - $0.016	$	0.020
Exercised	-	-	$	-
Cancelled	(163,335)	$1.04 - $2.00	$	1.380
Outstanding, August 31, 2014	6,173,750	$0.12 - $2.00	$	0.016
Granted	-	$                    -	$	-
Exercised	-	-	$	-
Cancelled	-	$0.00	$	-
Outstanding, November 30, 2014	6,173,750	$0.12 - $2.00	$	0.016

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between our closing stock price on the last trading day of the first quarter of fiscal 2015 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on November 30, 2014.

Expected volatility is based primarily on historical volatility. Historical volatility is computed using weekly average pricing observations for an applicable historic period. We believe this method produces an estimate that is representative of our expectations of the future volatility over the expected term of our options. We currently have no reason to believe future volatility over the expected life of these options is likely to differ materially from historical volatility. The weighted-average expected life is based upon share option exercises, pre and post vesting terminations and share option term expirations. The risk-free interest rate is based on the U.S. treasury security rate estimated for the expected life of the options at the date of grant.

The remaining contractual life of options outstanding as of November 30, 2014 was 8.98years. Options for the purchase of 6,173,750 and 147,500 shares were immediately exercisable on November 30, 2014 and 2013, respectively with a weighted-average price of $0.016 and $0.016 per share, respectively.

	Options		Options
	Outstanding		Exercisable
Number of options		6,173,750		6,173,750
Aggregate intrinsic value of options	$	-	$	-
Weighted average remaining contractual term (years)		8.98		8.98
Weighted average exercise price	$	0.016	$	0.016

2013 Omnibus Incentive Plan

The Company is authorized to issue up to 10,000,000 shares of common stock under its 2013 Omnibus Incentive Plan to employees, officers, directors and consultants. The issuance adoption of this plan has been approved by the Company’s Board of Directors on May 20, 2013 and was approved by our shareholders on January 27, 2014. Any options are granted at the fair market value of the common stock on the date of the grant and have terms of up to ten years. Under the 2013 Omnibus Incentive Plan the price of the granted common stock options are equal to the fair market value of such shares on the date of grant.

On September 11, 2013, we issued 1,000,000 S-8 shares to a consultant in payment for investor relations work for the Company. On January 3, 2014, we issued 1,000,000 S-8 shares to a consultant in payment for services to be provided for the Company. On November 15, 2014 we issued 1,000,000 S-8 shares to a consultant in payment for investor relations work for the Company. We have 7,000,000 shares of common stock available for future issuance under our 2013 Omnibus Incentive Plan as of November 30, 2014.

NOTE 13 - RELATED PARTY TRANSACTIONS AND CONTINGENCIES:

FINANCING WITH RELATED PARTIES:

During the three months ended November 30, 2014 and 2013, the Company entered into financing agreements with related parties of the Company. Please see Note 11 – Notes Payable for further descriptions of these transactions.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 14 – BUSINESS SEGMENTS

We identify our reportable segments based on our management structure, financial data and market. We have identified three business segments: Personal Care Services and Medical Device Manufacturing and Medical Products & Technologies

Our Personal Care Service segment consists of the services of Angels of Mercy, Inc. This segment provides non-medical, Personal Care Attendant (PCA) services, Supervised Independent Living (SIL), Long-Term Senior Care, and other approved programs performed by a trained caregiver that will meet the health service needs of beneficiaries whose disabilities preclude the performance of certain independent living skills related to the activities of daily living (ADL).

Our Medical Device Manufacturing segment consists of the products of Dotolo Research Corporation. This segment designs, develops, manufactures and distributes the Toxygen hardware system with disposable speculums and medical grade tubing.

Our Medical Products and Technologies segment will consist of the products of Advanced Medical Products and Technologies, Esteemcare Inc. and Affordable Medical Inventory Solutions Inc. and future acquisitions.

The accounting policies of the segments are the same as those described, or referred to, in Note 2 - Summary of Significant Accounting Policies. Assets and related depreciation expense in the column labeled “Corporate Overhead” pertain to capital assets maintained at the corporate level. Segment loss from operations in the “Corporate Overhead” column contains corporate related expenses not allocable to the operating segments. Intercompany transactions between operating segments were immaterial in all periods presented.

Below are the segment assets as of November 30, 2014.

	As of November 30, 2014
		Personal Care		Medical Device		Med. Products		Corporate
		Segment		Segment		Segment		Overhead		Totals
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents		$	22,157	$	80	$	36,742	$	18,382	$	77,361
Accounts receivable (net)			213,542		—	$	623,491		—		837,033
Inventory			—		31,271	$	106,165		—		137,436
Prepaid expenses and other current assets			—		—	$	2,487		29,868		32,355
Prepaid commissions and finders' fees			—		—		256		1,504		1,760
Total current assets			235,699		31,351		769,141		49,754		1,085,945
Property and equipment (net)			20,131		17,001		2,884		703		40,719
Deposits and other assets			2,233		24,803		9,316		—		36,352
Goodwill			564,075		1,217,704		622,610		—		2,404,389
Patents, registrations (net of amortization)			—		22,965		—		—		22,965
Total assets		$	822,138	$	1,313,824	$	1,403,951	$	50,457	$	3,590,370

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 ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Below are the segment assets as of August 31, 2014.

	As of August 31, 2014
		Personal Care		Medical Device			Med. Products		Corporate
		Segment		Segment			Segment		Overhead		Totals
ASSETS
Current Assets:
Cash and cash equivalents		$	9,336	$	(110	)	$	1,000	$	7,278	$	17,504
Accounts receivable (net)			213,399		—			—		—		213,399
Inventory			—		31,271			—		—		31,271
Prepaid expenses and other current assets			—		—			—		9,307		9,307
Prepaid commissions			—		—			—		3,152		3,152
Total current assets			222,735		31,161			1,000		19,737		274,633
Property and equipment (net)			21,287		17,893			—		787		39,967
Deposits and other assets			2,082		12,500			—		—		14,582
Goodwill			564,075		1,217,704			—		—		1,781,779
Patents, registrations (net of amortization)			—		24,497			—		—		24,497
Total assets		$	810,179	$	1,303,755		$	1,000	$	20,524	$	2,135,458

Below are the statements of operations for the reporting periods presented.

	For the Three Months Ended November 30, 2014
		Personal Care			Medical Device			Medical Products			Corporate
		Segment			Segment			Segment			Overhead			Totals
Revenues	$	909,972		$	—		$	251,902		$	—		$	1,161,874
Cost of revenues		747,685			10,934			102,412			—			861,031
Gross profit		162,287			(10,934	)		149,490			—			300,843
Operating expenses:
General and administrative		124,176			10,950			103,217			215,980			454,323
Research and development Expense		—			10,000			—			—			10,000
Depreciation and amortization		2,014			2,423			124			84			4,645
Total operating expenses		126,190			23,373			103,341			216,064			468,968
Loss from operations		36,097			(34,307	)		46,149			(216,064	)		(168,125	)
Other income (expense):
Interest and finance charges		(53,777	)		(2,250	)		(650	)		(214,164	)		(270,841	)
Interest and finance charges - related parties		—			(783	)		—			—			(783	)
Other income (expenses)		—			(3,539	)		—			—			(3,539	)
Total other income (expense)		(53,777	)		(6,572	)		(650	)		(214,164	)		(275,163	)
Loss from continuing operations	$	(17,680	)	$	(40,879	)	$	45,499		$	(430,228	)	$	(443,288	)

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Below are the statements of operations for the reporting periods presented.

	For the Three Months Ended November 30, 2013
		Personal Care			Medical Device			Medical Products		Corporate
		Segment			Segment			Segment		Overhead			Totals
Revenues	$	724,632		$	—		$	—	$	—		$	724,632
Cost of revenues		482,388			12,167			—		—			494,555
Gross profit		242,244			(12,167	)		—		—			230,077
Operating expenses:
General and administrative		154,974			11,897			—		110,489			277,360
Depreciation and amortization		2,945			2,423			—		84			5,452
Total operating expenses		157,919			14,320			—		110,573			282,812
Loss from operations		84,325			(26,487	)		—		(110,573	)		(52,735	)
Other income (expense):
Interest and finance charges		(63,004	)		(3,483	)		—		(84,516	)		(151,003	)
Interest and finance charges - related parties		—			(783	)		—		(15,708	)		(16,491	)
Loss on conversion of notes payable - related parties		—			—			—		(36,380	)		(36,380	)
Loss on disposal of assets		(28,748	)		—			—		—			(28,748	)
Other income (expenses)		—			—			—		—			—
Total other income (expense)		(91,752	)		(4,266	)		—		(136,604	)		(232,622	)
Loss from continuing operations	$	(7,427	)	$	(30,753	)	$	—	$	(247,177	)	$	(285,357	)

NOTE 15 - JOINT VENTURE

Institut für Umwelttechnologien GmbH (IUT)

In February 2009, we entered into a Technology Agreement with Institut für Umwelttechnologien GmbH, a German Company (“IUT”). On September 23, 2010, the Company signed a Memorandum of Understanding with Institut für Umwelttechnologien GmbH and IUT Medical GMBH confirming certain understandings among the parties with respect to their future relationships and business activities as originally contemplated in their Technology Agreement of February 27, 2009, which was reaffirmed. On November 1, 2013, with the disposal of the Company’s subsidiary Oncologix Corporation, the company also ended its relationship with IUT and IUTM.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 16 - RETIREMENT PLAN

Currently, the Company does not have a retirement plan in place.

NOTE 17 - RECENT ACCOUNTING PRONOUNCEMENTS

We have evaluated all Accounting Standards Updates through the date the financial statements were issued and do not believe any will have a material impact on our financial condition or results of operations.

NEW ACCOUNTING STANDARD

In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2012-02 “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (“ASU 2012-02”). ASU 2012-02 permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Under the amendments in ASU 2012-02, an entity is not required to calculate the fair value of an indefinite-lived intangible asset unless it determines that it is more likely than not that the fair value of the asset is less than its carrying amount. An entity also will have the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for interim and annual indefinite-lived intangible asset impairment tests performed for fiscal years beginning on or after September 15, 2012, with early adoption permitted. The Company’s adoption of ASU 2012-02 is not expected to have an impact on its consolidated financial statements.

NOTE 18 – STATEMENT OF CASH FLOWS

For the year ended November 30, 2014, these supplemental non-cash investing and financing activities are summarized as follows:

		Amount
On November 15, 2014, the Company issued 1,000,000 S-8 shares of common stock in payment for a investor relations consulting contract.		4,000
On November 15, 2014, the Company issued 5,000,000 shares of common stock in payment for a investor relations consulting contract.		20,000
On November 17, 2014, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $10,545 related to that transaction.		10,545
On November 17, 2014, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $10,545 related to that transaction.		10,545
Total non-cash transactions from investing and financing activities.	$	45,090

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the three months ended November 30, 2013, these supplemental non-cash investing and financing activities are summarized as follows:

		Amount
On September 11, 2013, the Company issued 1,500,000 warrants to an affiliated party for additional compensation related to an operating capital investment.  The value of these warrants was expensed as interest and finance charges.	$	15,656
On September 11, 2013, the Company issued 1,000,000 S-8 shares of common stock in payment for a investor relations consulting contract.		11,500
On October 2, 2013, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $25,000 related to that transaction.		25,000
On October 3, 2013, the Company recorded a loss on conversion of a convertible promissory note in the amount of $15,620.		15,620
On November 5, 2013 and November 8, 2013, the Company issued a total of 3,000,000 warrants to a non-related party as additional compensation for an operating capital investment.		57,703
Total non-cash transactions from investing and financing activities.	$	125,479

NOTE 19 - EMPLOYMENT AGREEMENTS

On March 22, 2013, Wayne Erwin, the Company’s Chief Executive Officer, signed a three year employment agreement. The agreement provides for an annual salary of $120,000 along with a monthly auto allowance and health insurance allowance totaling $1,250. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. During the three months ended November 30, 2014 and 2013, $30,000  and $30,000  was expensed as salary, respectively.

On April 1, 2013, Michael Kramarz, the Company’s Chief Financial Officer, signed a three year employment agreement. The agreement provides for an annual salary of $58,000 along with a monthly auto allowance and health insurance allowance totaling $500. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. On October 1, 2013, the Company’s Board of Directors approved a salary increase to $80,000 per year. During the three months ended November 30, 2014 and 2013, $21,000  and 20,225  was expensed as salary, respectively.

On August 1, 2013, Vickie Hart, the President of Amian Angels Inc., signed a three year employment agreement. The agreement provides for an annual salary of $52,000 along with a monthly health insurance allowance totaling $400. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. During the three months ended November 30, 2014 and 2013, $12,462 and $12,462 was expensed as salary, respectively.

On July 16, 2014, Harold Halman, the President of our Medical Products Segment, signed a three year employment agreement. The agreement provides for an annual salary of $85,000, along with a monthly auto allowance and health insurance allowance totaling $1,300 plus bonus allowances. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. During the three months ended November 30, 2014 and 2013, $21,250  and $0 was expensed as salary, respectively.

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ONCOLOGIX TECH, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 20 – COMMITMENTS AND CONTINGENCIES

On June 6, 2014, the Company and its subsidiary Dotolo entered into a services agreement with E & R Industries to provide the Company with retooling and redesign of some of Dotolo’s parts. The contract calls for periodic cash payments totaling $60,000 along with the issuance of 5,000,000 common stock shares upon meeting certain milestones.

On June 6, 2014, the Company and its subsidiary Dotolo entered into a services agreement with Schmitt to provide the Company with redesign of its Toxygen hardware system. The contract calls for periodic cash payments totaling $30,000 along with the issuance of 3,000,000 common stock shares upon meeting certain milestones.

NOTE 21 - SUBSEQUENT EVENTS

On December 15, 2014, the Company obtained a merchant loan for additional working capital in the amount of $300,000. This loan requires 252 daily payments in the amount of $1,607 for a total repayment amount of $405,000. We netted gross proceeds of $163,713 after paying loan fees and paying off our other 4 merchant loans. This note was paid in full in December 2014.

On December 23, 2014, the Company paid its second installment of $29,472 for a convertible note, which included $722 of accrued interest. This convertible note was originally issued May 23, 2014.

During December 2014, holders of convertible notes converted $30,858 in principal and accrued interest into 15,329,921 shares of our common stock.

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ITEM 2. Management’s Discussion And Analysis of Financial Condition and Results of Operation

THIS QUARTERLY REPORT ON FORM 10-QSB CONTAINS CERTAIN STATEMENTS WHICH ARE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE SAFE HARBOR PROVISIONS OF SECTION 27A OF THE SECURITIES ACT OF 1993, AS AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THESE STATEMENTS RELATE TO FUTURE EVENTS, INCLUDING THE FUTURE FINANCIAL PERFORMANCE OF ONCOLOGIX. IN SOME CASES, YOU CAN IDENTIFY FORWARD-LOOKING STATEMENTS BY TERMINOLOGY SUCH AS “MAY,” “WILL,” “SHOULD,” “EXPECTS,” “PLANS,” “ANTICIPATES,” “BELIEVES,” “ESTIMATES,” “PREDICTS,” “POTENTIAL,” OR “CONTINUE” OR THE NEGATIVE OF SUCH TERMS AND OTHER COMPARABLE TERMINOLOGY. THESE STATEMENTS ONLY REFLECT MANAGEMENT’S EXPECTATIONS AND ESTIMATES AS OF THE DATE OF THIS REPORT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY FROM THESE EXPECTATIONS. IN EVALUATING THOSE STATEMENTS, YOU SHOULD SPECIFICALLY CONSIDER VARIOUS FACTORS, INCLUDING THE RISKS INCLUDED IN THE REPORTS FILED BY ONCOLOGIX WITH THE SEC. THESE FACTORS MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FORWARD-LOOKING STATEMENTS. ONCOLOGIX IS NOT UNDERTAKING ANY OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS CONTAINED IN THIS REPORT.

This report should be read in conjunction with our Annual report on Form 10-K for the fiscal year ended August 31, 2014.

OVERVIEW

Oncologix Tech, Inc. is a diversified medical holding company with operating segments in medical device, healthcare services and medical products and technologies. We operate and manufacture Class II medical device products, delivers Personal Healthcare Services nationally and provides Home Medical Inventory (HME) and Durable Medical Inventory (DME) sales in licensed markets. For its clients, Oncologix provides FDA approved medical devices, State licensed healthcare services and medical product sales. For its shareholders, Oncologix operates profitable business divisions that build, maintain and nourish shareholder value. The Company’s corporate mission is to be the best small cap medical device and healthcare services holding company in North America.

We were originally formed in 1995 and in 2000 we changed our name to "BestNet Communications Corp." At that time we provided worldwide long distance telephone communication and teleconferencing services to commercial and residential consumers through the internet, which we disposed of in 2007 due to lack of profitability. In July 2006 we changed our business model to medical device products.  In July 2006 we acquired JDA Medical Technologies, Inc. ("JDA") and merged this business into Oncologix Corporation, our wholly owned subsidiary.  On January 22, 2007, we changed our name to Oncologix Tech, Inc., to reflect this new business model. Our business at this time was the development of a medical device for brachytherapy (radiation therapy), called the “Oncosphere” (or “Oncosphere System”), for the advanced medical treatment of soft tissue cancers. Due to a lack of funding, we suspended these development activities on December 31, 2007. On November 1, 2013, due to the development of the brachytherapy device being several years away, indication that the product could not be marketed and no guarantee of FDA approvals, it was determined that continued financial support of this product by Oncologix Corporation would cost the Company substantial capital beyond its means and the Company’s management and Board of Directors disposed of Oncologix Corporation and its Brachytherapy medical device subsidiary. Furthermore, as part of the disposal, the Company was relieved of over $90,000 in debt.   

On March 22, 2013, we acquired all the outstanding stock of Dotolo Research Corporation (“Dotolo”), a FDA Registered, Class II, medical device manufacturer with 25 years of product sales in the hydro-colonic irrigation, bowel preparation market. Dotolo Research Corporation began operations in 1989 and sells hardware and disposable products to a customer base of over 900+ customers both domestically and internationally.  The Company currently operates in a limited, but competitive environment in hydro-colonic irrigation, of which there are only four (4) companies approved by the FDA to manufacture a Class II medical device for colonic-hydro therapy.  Since the acquisition, we have not had significant revenues from sales of our products, including sales to medical facilities due to a lack of operating capital needed to procure raw material inventory to currently fill customers’ orders.

On August 1, 2013, we acquired the outstanding stock of Angels of Mercy, Inc. (“AOM”). Angels provides non-medical, Personal Care Attendant (PCA) services, Supervised Independent Living (SIL), Long-Term Senior Care, and

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other approved health service programs performed by a trained caregiver that will meet the health service needs of beneficiaries whose disabilities preclude the performance of certain independent living skills related to the activities of daily living (ADL).

On December 10, 2013, Angels of Mercy, Inc. acquired the assets of Amian Health Services LLC and Amian Health Services of Alex LLC, herein after referred to as “Amian”.  Amian delivers health-care care-services who provide routine health and personal care support with Activities of Daily Living (ADL) to clients with physical impairments or disabilities in private homes, nursing care facilities, hospice care settings, and other residential settings. Amian holds both PCA-Medicaid Waiver Provider and Residential Rehabilitation/Supervised Independent Living (SIL), and personal care services for Veterans with licenses issued by the Division of Licensing and Certification of the Department of Social Services, Veterans Administration Social Services and the Louisiana Department of Health and Hospitals.  All administrative personnel of Amian have been merged into to gain operating synergies. This company changed its name to Amian Angels, Inc. (“Amian Angels”) in August 2014.

On July 21, 2014 we formed Advanced Medical Products and Technologies Inc. to enter into the Durable Medical and Home Medical Inventory markets. We anticipate acquiring active companies in this area to develop our Medical Products and Technologies Segment.

On September 25, 2014, we acquired the outstanding stock of Esteemcare, Inc. and it’s wholly owned subsidiary Affordable Medical Inventory Solutions, Inc. Esteemcare, Inc is a Durable and Home Medical inventory and supply distributor for respiratory therapy and is Accredited by the “Joint Commission on Healthcare Organizations”.

Esteemcare targets patients with sleep obstructive disorders or related chronic illnesses who are insured by Medicare, Medicaid, third-party insurers, or have the ability to pay for our products from their own private resources. Sleep apnea is a serious sleep disorder that occurs when a person's breathing is interrupted during sleep. People with untreated sleep apnea stop breathing repeatedly during their sleep, sometimes hundreds of times. This means the brain -- and the rest of the body -- may not get enough oxygen.

RECENT ACQUISITIONS AND DIVESTURES

In furthering our strategy to be the best small cap medical device and healthcare holding company, we acquired Dotolo Research Corporation (“DOTOLO”) on March 22, 2013, Angels of Mercy, Inc. (“AOM”) on August 1, 2013, Amian Health Services on December 10, 2013, and Esteemcare Inc. on September 25, 2014. These acquisitions are further described in Note 4 – Acquisition Activities, in the Notes to Unaudited Condensed Consolidated Financial Statements.

RESULTS OF OPERATIONS

Comparison of the three months years ended November 30, 2014 (‘fiscal 2015”) and 2013 (‘fiscal 2014”)

Revenue

Revenues increased to $1,161,874 for the three months ended November 30, 2014, from $724,632 from the comparable period in fiscal 2015. The increases were primarily due to the acquisitions of Amian Health Services in December 2013 and Esteemcare in September 2014.

Cost of Revenues

Cost of revenues increased to $861,031 for the three months ended November 30, 2014, from $494,555 during the comparable period in fiscal 2013. Cost of revenues for Dotolo were $10,934 for the three months ended November 30, 2014 and consist primarily of direct labor and minor purchases of materials for our new product development. Cost of revenues for Amian Angels were $747,685 for the three months ended November 30, 2015 and consist primarily of wages paid to personal care service employees who directly provide the PCA and SIL services. Cost of revenues for Esteemcare were $102,412 for the three months ended November 30, 2014 and consist primarily of purchases of leased and sold inventory.

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Research and Development Expense

Research and development expense increased to $10,000 for the three months ended November 30, 2014, from $0 during the comparable period in fiscal 2014. Research and development expenses consisted of costs for the development of dies and molds for Dotolo’s Toxygen product.

General and Administrative Expense

General and administrative expenses primarily include officer and administrative salaries, office rent, utilities, legal and accounting services, insurance, public filing costs as well as other incidental overhead costs.

General and administrative expense increased to $454,323 for the three months ended November 30, 2014, from $277,360, an increase of over 64% or $176,963 from the comparable period in fiscal 2014. The primary reason for the increase is due to the general and administrative expenses associated with the acquisition of Esteemcare in fiscal 2015. Payroll and related expenses increased to $153,913 during the three months ended November 30, 2014, from $118,191 in the comparable period in fiscal 2014, due primarily to the hiring of our President of our Medical Products division and administrative salaries at Esteemcare. Legal expense increased to $74,737 for the three months ended November 30, 2014, from $0 in the comparable period in fiscal 2014, due primarily to legal fees incurred in fiscal 2015 related to our acquisition of Esteemcare and our second tranche received from TCA. Accounting expense increased to $36,158 for the three months ended November 30, 2014, from $29,519 during the comparable period in fiscal 2014 as a result of additional audit fees required for business acquisitions plus additional audit and accounting fees associated with becoming a larger entity..

Depreciation and Amortization

Depreciation and amortization decreased to $4,645 for the three months ended November 30, 2014, from $5,452 during fiscal 2014. The decrease in depreciation and amortization was the result of the disposal of assets as a result of moving our Amian Angels office.

Interest Income

We had no interest income in fiscal 2015 or fiscal 2014.

Interest and Finance Charges

Interest and finance charges increased to $270,841 for the three months ended November 30, 2014 from $151,003, an increase of 79% from fiscal 2014. The increase is primarily attributable to the second tranche taken from TCA and additional merchant loan.

Interest and finance charges – related parties decreased to $783 for the three months ended November 30, 2014, from $16,491, a decrease of over 100% from comparable period in fiscal 2014. The decrease is primarily attributable to reclassifying former related party debt as non-related for the three months ended November 30, 2014.

A summary of interest and finance charges is as follows:

	For the Three Months Ended
	November 30,		November 30,
	2014		2013
Interest expense on non-convertible notes	$	124,268	$	46,849
Interest expense on non-convertible notes - related parties		783		835
Interest expense on convertible notes payable		13,142		6,103
Interest expense on convertible notes payable - related parties		—		—
Amortization of note payable discounts		70,460		78,693
Amortization of note payable discounts - related parties		—		4,041
Other interest and finance charges		62,971		30,973
Total interest and finance charges	$	271,624	$	167,494

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Loss on Conversion of Notes Payable

Loss on conversion of notes payable decreased to $0 for the three months ended November 30, 2014, from $36,380, for the comparable period in fiscal 2014. The decrease was due to conversions of only substansive convertible notes in fiscal 2015..

LIQUIDITY AND CAPITAL RESOURCES

Since March 2013, we have acquired five companies. While these acquisitions greatly increased the value of our Company, we are not fully cash flow positive. Cash flows from the issuances of promissory notes and common stock for cash are not sufficient to meet our working capital requirements for the foreseeable future or provide for expansion opportunities. We incurred $443,288 and $189,829 in net losses, and we used $195,901 and $31,483 in cash for operations for the three months ended November 30, 2014 and 2013, respectively. Investing activities used $561,842 and $416 for the three months ended November 30, 2014 and 2013, respectively, due primarily to our acquisition of Esteemcare. Net cash generated from financing activities for the three months ended November 30, 2014 and 2013 was $817,600 and $86,586, respectively. As of November 30, 2014, we had a cash balance of $77,361. These conditions raise substantial doubt about our ability to continue as a going concern.

We anticipate that we will require approximately $1,000,000 to operate through August 31, 2015. Approximately $500,000 will be required to fund corporate overhead including debt servicing with the balance to invest into raw material inventory, manufacturing and product revisions at Dotolo. Additional funding will allow us to meet our current sales demands and expenses of Dotolo, Amian Angels and Oncologix, while keeping our public filings current.

As of November 30, 2014, we had total outstanding short-term and long-term debt and liabilities totaling $4,617,066 net of discounts. Please see Note 11 for further information.

CRITICAL ACCOUNTING POLICIES

“The preparation of financial statements in accordance with accounting standards generally accepted in the United States requires management to make estimates and assumptions that affect both the recorded values of assets and liabilities at the date of the financial statements and the revenues recognized and expenses incurred during the reporting period. Our estimates and assumptions affect our recognition of income taxes, the carrying value of our long-lived assets and our provision for certain contingencies. We evaluate the reasonableness of these estimates and assumptions continually based on a combination of historical information and other information that comes to our attention that may vary our outlook for the future. Actual results may differ from these estimates under different assumptions.

We suggest that the Summary of Significant Accounting Policies, as described in Note 2 of our Unaudited Condensed Consolidated Financial Statements, be read in conjunction with this Management’s Discussion and Analysis of Financial Condition and Results of Operations.

CODE OF ETHICS

Our Board of Directors has adopted a code of ethics that applies to our principal executive officer, principal financial officer and to other persons performing similar functions. The code of ethics is designed to deter wrongdoing and to promote honest and ethical conduct, full, fair, accurate, timely and understandable disclosure, compliance with applicable laws, rules and regulations, prompt internal reporting of violations of the code and accountability for adherence to the code. We will provide a copy of our code of ethics, without charge, to any person upon receipt of written request for such delivered to our corporate headquarters. All such requests should be send to Oncologix Tech, Inc., P.O. Box 8832, Grand Rapids, MI 49518-8832.

OFF-BALANCE SHEET ARRANGEMENTS

We do not maintain off-balance sheet arrangements nor do we participate in any non-exchange traded contracts requiring fair value accounting treatment. The Company has no off-balance sheet arrangements as of November 30, 2014 and 2013.

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NEW ACCOUNTING STANDARDS

We have evaluated all Accounting Standards Updates through the date the financial statements were issued and do not believe any will have a material impact. For details of new accounting standards, please refer to Note 17 of our Consolidated Financial Statements.

ITEM 3. Quantitative and Qualitative Disclosure about Market Risk

We are a smaller reporting company, as defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, and accordingly, we are not required to provide the information required by this Item.

ITEM 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Based on an evaluation under the supervision and with the participation of the Company’s management, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, due to the material weaknesses disclosed in its Annual Report on Form 10-K for the year ended August 31, 2014 that remain open, the Company’s disclosure controls and procedures were not effective as of November 30, 2014. As a result of this conclusion, the financial statements for the periods covered by this report were prepared with particular attention to the material weaknesses previously disclosed. Accordingly, management believes that the condensed consolidated financial statements included in the Quarterly Report present fairly, in all material respects, the Company’s financial condition, results of operations and cash flows as of and for the periods presented.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal controls over financial reporting that occurred during the three months ended November 30, 2014 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

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PART II – OTHER INFORMATION

ITEM 1. Legal Proceedings

None

ITEM 1A. Risk Factors

RISK FACTORS

Those interested in investing in the Company should carefully consider the following Risk Factors pertaining to Oncologix Tech as well as the risks and uncertainties that are described in the Company's most recent Annual and Quarterly Reports under the Securities Exchange Act of 1934. These Risk Factors are not all inclusive.

Going Concern Qualification.

Our Independent Accountants have expressed doubt about our ability to continue as a going concern. The ability to continue as a going concern is an issue raised as a result of the material operating losses incurred since inception, and its stockholders' deficit. We expect to continue to experience net operating losses. Our ability to continue as a going concern is subject to our ability to obtain necessary funding from outside sources, including obtaining additional funding from the sale of our securities or obtaining loans from various financial institutions where possible. The going concern increases the difficulty in meeting such goals.

Risk of Issued Series D Convertible Preferred Stock to Common Shareholders

In March 2013, our Board of Directors authorized up to 60,000 shares of Series D Convertible Preferred Stock. Each share of Series D Convertible stock has a par value of $0.001 and is convertible into 1,000 shares of common stock beginning after March 1, 2014. Each share of Series D Convertible Preferred Stock has a stated value of $80.25. Each shares of Series D Convertible Preferred Stock shall have voting rights as stated next: March 1, 2013 to February 28, 2014, 400 votes per share; March 1, 2014 to February 28, 2015, 800 votes per share; March 1, 2015 to February 28, 2016, 1,200 votes per share; March 1, 2016 to February 28, 2017, 1,600 votes per share; March 1, 2017 and after, 2,000 votes per share.

In the event of any liquidation, dissolution or winding-up of the Corporation, the Series D Preferred Stock then issued and outstanding shall be entitled to be paid out of the assets of the Corporation available for distribution to its shareholders in a position senior to the Corporation’s Common Stock shareholders. The effect of these senior securities could affect the value of our common stock.

Our internal control over financial reporting is not considered effective, our business and stock price could be adversely affected.

Section 404 of the Sarbanes-Oxley Act of 2002 requires us to evaluate the effectiveness of our internal control over financial reporting as of the end of each fiscal year, and to include a management report assessing the effectiveness of our internal control over financial reporting in our annual report on Form 10-K for that fiscal year. Our management, including our chief executive officer and chief financial officer, does not expect that our internal control over financial reporting will prevent all error and all fraud. As of August 31, 2013, the Company identified two material weaknesses: a) Oncologix lacks the necessary corporate accounting resources to maintain adequate segregation of duties; b) In addition, we have a lack of a functioning Audit Committee as we only have one independent director is not considered a Financial Expert within the meaning of Section 407 of the Sarbanes-Oxley Act. We may experience a loss of public confidence, which could have an adverse effect on our business and on the market price of our common stock due to our internal control being ineffective.

Financial Condition of Dotolo Research Corporation (“DRC”)

DRC has limited working capital with little cash on hand at November 30, 2014. Since January 31, 2013, DRC has incurred indebtedness of $50,000 to meet its working capital needs. These two notes bear interest at 18% per annum and require minimum, monthly interest payments of $750. Additional financing will be required to get DRC to cash flow break even.

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Need for Additional Capital

We will need substantial funds for raw material inventory, complete the development of new product introductions, manufacturing, and the sales and marketing of our products at DRC. Consequently, we will seek to raise further capital through not only possible public and private offerings of equity and debt securities, but also collaborative arrangements, strategic alliances, and equity and debt financings from other sources. AOM operates with positive cash flow sufficient to service the business operations and debt payment requirements of the acquisition but will need additional funds to complete the audit of Angels as well as costs for other required SEC and other regulatory filings. We now estimate the need to raise at least $500,000 of additional funding for working capital and inventory procurement for DRC. Additionally, we estimate the need to raise at least $500,000 for overhead of Oncologix Tech, Inc and debt servicing. We may be unable to raise additional capital on commercially acceptable terms, if at all, and if we raise capital through additional equity financing, existing shareholders may have their ownership interests diluted. Our failure to be able to generate adequate funds from operations or from additional sources would harm our business.

Uncertainties Regarding Healthcare Reimbursement and Reform

Our ability to execute our strategy in the medical markets depends in part on the extent to which healthcare services and products are paid by governmental agencies, private health insurers and other organizations, such as health maintenance organizations, for the cost of such products and related treatments. Our business could be harmed if healthcare payers and providers implement cost-containment measures and governmental agencies implement measures that reduce payment to our customers for their use of our products.

Industry Intensely Competitive.

The medical device and health services industry is intensely competitive. While we maintain a market share in hardware and disposable products sales , there is no guarantee we can maintain that market share. We will compete with both public and private medical device and pharmaceutical companies that have a greater number of products on the market, have greater financial resources and have other competitive advantages. We cannot be certain that one or more of our competitors will not receive patent protection that dominates, blocks or adversely affects our product development or business; will benefit from significantly greater sales and marketing capabilities or will not develop products that are accepted more widely than ours.

Healthcare Service Industry Intensely Competitive.

The healthcare service industry is very competitive. We will compete with both public and private healthcare service companies that hold licenses within the State of Louisiana and directly compete with companies that may have greater financial resources and have other competitive advantages.

Intellectual Property Risk.

Our ability to obtain and maintain patent and other protection for our products will affect our success. The patent positions of medical device companies can be highly uncertain and involve complex legal and factual questions. Future patent rights, if granted, may not be upheld in a court of law if challenged. Our patent rights may not provide competitive advantages for our products and may be challenged, infringed upon or circumvented by our competitors. We cannot patent our products in all countries or afford to litigate every potential violation worldwide. Because of the large number of patent filings in medical device, our competitors may have filed applications or been issued patents and may obtain additional patents and proprietary rights relating to products or processes competitive with or similar to ours. We cannot be certain that U.S. or foreign patents do not exist or will not issue that would harm our ability to commercialize our products and product candidates.

Possible Failure to Comply with Government Regulations.

We, and any prospective contract manufacturers and suppliers are subject to extensive, complex, costly, and evolving governmental rules, regulations and restrictions administered by the FDA, by other federal and state agencies, and by governmental authorities in other countries. In the United States, our products are registered as a Class II device and cannot be marketed until they are approved for market by the FDA. Obtaining FDA market approval involves the submission, among other information, may require clinical studies on the product, and requires substantial time, effort and financial

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resources. The FDA, and other federal and state agencies, as well as equivalent agencies of other countries with whom we will export our products, will also perform pre-licensing inspections of our facility, if any, and our contract manufacturers' and suppliers' facilities. Our failure or the failure of our contract manufacturers or suppliers to meet FDA or other agencies' requirements would delay or preclude our ability to sell our products potentially having an adverse material effect on our business. Even with FDA market approval, we, as well as our partners, contract manufacturers and suppliers, are subject to numerous FDA requirements covering, among other things, testing, manufacturing, quality control, labeling and continuing review of medical products, and to permit government inspection at all times. Failure to meet or comply with any rules, regulations, or restrictions of the FDA or other agencies could result in fines, unanticipated expenditures, product delays, non-approval or recall, interruption of production, and criminal prosecution.

Exposure to Product Liability Claims.

Our design, testing, development, manufacture, and marketing of products involve an inherent risk of exposure to product liability claims and related adverse publicity. Although we believe that our product liability insurance is adequate, additional insurance coverage is expensive and in the future we may be unable to obtain additional liability coverage on acceptable terms. If we are unable to obtain sufficient insurance at an acceptable cost or if a successful product liability claim is made against us, whether fully covered by insurance or not, our business could be harmed.

Reliance on Key Personnel

Our success will depend, to a great extent, upon the experience, abilities and continued services of our executive officers and key management personnel. If we lose the services of any of these officers or key personnel, our business could be harmed. Our success also will depend upon our ability to attract and retain other highly qualified Regulatory, Marketing, Sales, and manufacturing personnel and our ability to develop and maintain relationships with key individuals in the industry. Competition to attract qualified personnel and relationships is intense and we compete with other companies in our industry. We may not be able to continue to attract and retain qualified personnel.

Uncertainty as to our Ability to Initiate Operations and Manage Growth.

Our efforts to market our products will result in new and increased responsibilities for management personnel and will place a strain upon our management, financial systems, and resources. We may be required to continue to implement and to improve our management, operating and financial systems, procedures and controls on a timely basis and to expand, train, motivate and manage our employees. There can be no assurance that our personnel, systems, procedures, and controls will be adequate to support our future operations.

Healthcare Service Industry Intensely Competitive.

The healthcare service industry is very competitive. . We compete with both public and private healthcare service companies that hold licenses within the State of Louisiana and directly compete with companies that may have greater financial resources and have other competitive advantages.

Compliance with Government Regulations.

We, and all healthcare service companies are subject to extensive, and evolving governmental rules, regulations and restrictions administered by the Department of Health & Hospitals, the Bureau of Health Services Financing, by other federal and state agencies, and by governmental authorities.

Integration of Newly Acquired Businesses.

The Company may make strategic acquisitions in the future and cannot assure that it will be able to successfully integrate the operations of newly-acquired businesses into the Company's current operations. It is Management intent to consolidate various business functions to include Information Technology, Accounting, legal under a central core operation. The failure to integrate newly acquired businesses or the inability to make suitable strategic acquisitions in the future could have an adverse effect on the Company's business, results of operations and financial condition.

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Attraction and Retention of Qualified Personnel

The Company is dependent on the efforts and abilities of its senior executive officers. While the Company believes that its senior management team has significant experience and depth, appropriate senior management succession plans are in place. The Company's future success also depends on its ability to identify, attract and retain additional qualified personnel.

Broker-Dealer Requirements May Affect Trading and Liquidity of Our Common Stock

Section 15(g) of the Securities Exchange Act of 1934, as amended, and Rule 15g-2 promulgated thereunder by the SEC require broker-dealers dealing in penny stocks to provide potential investors with a document disclosing the risks of penny stocks and to obtain a manually signed and dated written receipt of the document before effecting any transaction in a penny stock for the investor's account.

Potential investors in the Registrant's common stock are urged to obtain and read such disclosure carefully before purchasing any shares that are deemed to be "penny stock." Moreover, Rule 15g-9 requires broker-dealers in penny stocks to approve the account of any investor for transactions in such stocks before selling any penny stock to that investor. This procedure requires the broker-dealer to (i) obtain from the investor information concerning his or her financial situation, investment experience and investment objectives; (ii) reasonably determine, based on that information, that transactions in penny stocks are suitable for the investor and that the investor has sufficient knowledge and experience as to be reasonably capable of evaluating the risks of penny stock transactions; (iii) provide the investor with a written statement setting forth the basis on which the broker-dealer made the determination in (ii) above; and (iv) receive a signed and dated copy of such statement from the investor, confirming that it accurately reflects the investor's financial situation, investment experience and investment objectives. Compliance with these requirements may make it more difficult for holders of our common stock to resell their shares to third parties or to otherwise dispose of them in the market or otherwise.

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ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

Date	Securities		Underwriters/
Sold	Sold	Consideration	Purchasers *	Notes
9/12/2013	1,000,000	$                     -	Vendor	The Company issued 1,000,000 S-8 shares to a vendor for consulting work.  The Company recorded an expense of $11,500 upon the issuance of those shares.
9/12/2013	1,500,000	$             10,000	Accredited Investor	The Company sold 1,500,000 shares of common stock to an affiliated accredited investor at $0.00667 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
10/3/2013	4,000,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $15,620 in principal and interest into 4,000,000 shares of common stock at $0.00391 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/3/2013	1,891,123	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $9,380 in principal and interest into 1,891,123 shares of common stock at $0.00496 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/3/2014	2,000,000	$                     -	Vendor	The company issued 2,000,000 shares of common stock as consideration for services.  The company recorded an expense of $22,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/13/2014	3,076,923	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $20,000 in principal and interest into 3,076,923 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/14/2014	1,000,000	$                     -	Vendor	The company issued 1,000,000 shares of common stock as consideration for services.  The company recorded an expense of $19,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/15/2014	117,436	$                     -	Accredited Investor	Additional reset shares were issued to a non-affiliated accredited investor in connection with the prior conversion of $9,380 in principal and interest into 117,436 shares of common stock.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	3,500,000	$                     -	Accredited Investor	The company issued 3,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $45,500 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	1,500,000	$                     -	Accredited Investor	The company issued 1,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/31/2014	3,472,222	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 3,472,222 shares of common stock at $0.0072 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.

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2/7/2014	1,000,000	$                     -	Accredited Investor	The company issued 1,000,000 shares of common stock as consideration for  fees.  The company recorded an expense of $9,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/24/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
3/12/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	2,936,314	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $19,086 in principal and interest into 2,936,314 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	5,383,007	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $17,764 in principal and interest into 5,383,007 shares of common stock at $0.0033 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/2/2014	5,000,000	$                     -	Accredited Investor	The company issued 5,000,000 shares of common stock as consideration for services.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/25/2014	5,138,746	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 5,138,746 shares of common stock at $0.004865 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/14/2014	2,500,000		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $11,000 in principal and interest into 2,500,000 shares of common stock at $0.0044 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/24/2014	1,149,425		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,149,425 shares of common stock at $0.00435 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/1/2014	3,416,764		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $8,456 in principal and interest into 3,416,764 shares of common stock at $0.002475 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/26/2014	1,200,000	$                     -	Accredited Investor	The Company sold 1,200,000 shares of common stock to an affiliated accredited investor at $0.00833 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
9/10/2014	1,058,201	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,058,201 shares of common stock at $0.004725 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
10/28/2014	1,473,622	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,473,622 shares of common stock at $0.003383 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/3/2014	1,508,296	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,508,296 shares of common stock at $0.003315 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.

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11/10/2014	1,724,733	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,724,733 shares of common stock at $0.002899 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/12/2014	6,000,000		Vendor	The company issued 6,000,000 shares of common stock as consideration for services.  The company recorded an expense of $24,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/24/2014	2,380,952	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $7,000 in principal and interest into 2,380,952 shares of common stock at $0.00294 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	3,577,818	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $10,000 in principal and interest into 3,577,818 shares of common stock at $0.002795 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	2,126,602	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $4,219 in principal and interest into 2,126,602 shares of common stock at $0.001984 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/9/2014	6,384,676		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $16,000 in principal and interest into 6,384,676 shares of common stock at $0.002506 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/9/2014	3,026,555		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,317 in principal and interest into 3,026,555 shares of common stock at $0.001922 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/18/2014	3,286,650		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,298 in principal and interest into 3,286,650 shares of common stock at $0.001612 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/24/2014	2,632,040		Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $4,243 in principal and interest into 2,632,040 shares of common stock at $0.001612 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
	95,192,875	$             10,000
*  There were no underwriters associated with any of our Sales of Unregistered Securities.

-53-

ITEM 3. Defaults Upon Senior Securities

None.

ITEM 4. Mine Safety Disclosures

Not applicable.

ITEM 5. Other Information

None.

ITEM 6. Exhibits

Exhibits	Description
31.1	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

-54-

SIGNATURES

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

Dated: January 14, 2015	ONCOLOGIX TECH, INC.
	By: /s/ Roy Wayne Erwin
	Roy Wayne Erwin, President and Chief Executive Officer, Principal Executive Officer
	By: /s/ Michael A. Kramarz
	Michael A. Kramarz, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Roy Wayne Erwin certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of Oncologix Tech, Inc.;

(2) Based on my knowledge, the Report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order 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 the Report;

(3) Based on my knowledge, the financial statements, and other financial information included in the 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 represented in this report;

(4) The registrant’s other certifying officer and I are 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 15d-15(f)) for the registrant and have:

(a) 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 with these 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 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 case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

(5) The registrant’s other certifying officer and 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.

Dated: January 14, 2015

By: /s/ Roy Wayne Erwin

             Roy Wayne Erwin

             Principal Executive Officer, Chief Executive Officer and President

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael A. Kramarz, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of Oncologix Tech, Inc.;

(2) Based on my knowledge, the Report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order 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 the Report;

(3) Based on my knowledge, the financial statements, and other financial information included in the 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 represented in this report;

(4) The registrant’s other certifying officer and I are 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 15d-15(f)) for the registrant and have:

(a) 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 with these 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 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 case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

(5) The registrant’s other certifying officer and 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.

Dated: January 14, 2015

By: /s/ Michael A. Kramarz

             Michael A. Kramarz

             Principal Financial Officer, Principal Accounting Officer and Chief Financial Officer

EX-32.1

Exhibit 32.1

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

CERTIFICATION OF PRINCIPAL

EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Oncologix Tech, Inc. (the “Company”) on Form 10-Q for the three months ended November 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I Roy Wayne Erwin, Chief Executive Officer and President of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 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.

/s/ Roy Wayne Erwin

Roy Wayne Erwin

Chief Executive Officer and President

January 14, 2015

EX-32.2

Exhibit 32.2

ONCOLOGIX TECH, INC. AND SUBSIDIARIES

CERTIFICATION OF PRINCIPAL

FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Oncologix Tech, Inc. (the “Company”) on Form 10-Q for the three months ended November 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I Michael A. Kramarz, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

(3) The report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(4) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Michael A. Kramarz

Michael A. Kramarz

Chief Financial Officer

January 14, 2015

XML

Summary of Significant Accounting Policies - Property and Equipment (Details) (USD$)	3 Months Ended
	Nov. 30, 2014 Y
Computer Equipment [Member]
Minimum Useful Life (Years)	5.0
Maximum Useful Life (Years)	5.0
Equipment [Member]
Minimum Useful Life (Years)	5.0
Maximum Useful Life (Years)	10.0
Software [Member]
Minimum Useful Life (Years)	5.0
Maximum Useful Life (Years)	5.0
Furniture and Fixtures [Member]
Minimum Useful Life (Years)	5.0
Maximum Useful Life (Years)	10.0

XML

Convertible Notes Payable (Details) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Convertible Notes Payable [Member]
Total unsecured convertible notes payable	$ 385,946	$ 384,446
Convertible Note 1 [Member]
Total unsecured convertible notes payable	75,000	100,000
Interest rate	8.00%
Maturity date	Feb. 28, 2015
Convertible Note 2 [Member]
Total unsecured convertible notes payable	189,025	235,025
Interest rate	6.00%
Maturity date	Sep. 30, 2015
Convertible Note 3 [Member]
Total unsecured convertible notes payable		9,380
Interest rate	8.00%
Maturity date	Dec. 31, 2013
Convertible Note 4 [Member]
Total unsecured convertible notes payable	22,500	4,041
Interest rate	8.00%
Maturity date	Oct. 31, 2014
Convertible Note 5 [Member]
Interest rate	12.00%
Maturity date	Mar. 30, 2015
Convertible Note 6 [Member]
Interest rate	10.00%
Maturity date	Feb. 28, 2015
Convertible Note 7 [Member]
Total unsecured convertible notes payable	9,947
Interest rate	12.00%
Maturity date	Jul. 16, 2015
Convertible Note 8 [Member]
Total unsecured convertible notes payable	7,831
Interest rate	8.00%
Maturity date	Nov. 30, 2015
Convertible Note 9 [Member]
Total unsecured convertible notes payable	$ 14,831
Interest rate	8.00%
Maturity date	Nov. 30, 2015

XML

Inventory (Details Narrative) (USD $)	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2013
Inventory	$ 137,436	$ 31,271	$ 31,271
Medical products and technologies [Member]
Inventory	$ 106,165

XML

Stockholders Equity- Warrants (Details Narrative 1) (USD $)	Nov. 30, 2014	Aug. 31, 2014	Aug. 30, 2014	May 30, 2014	Feb. 27, 2014	Nov. 30, 2013	Aug. 31, 2013
Stockholders Equity- Warrants Details Narrative 1
Shares authorized under stock option plans	30,583,333	30,583,333	4,000,000	9,583,333	5,500,000	4,500,000	7,000,000
Weighted Average Exercise Price		$ 0.012	$ 0.007	$ 0.012	$ 0.017	$ 0.012	$ 0.012

XML

Convertible Notes Payable (Details 1) (USD $)	Aug. 31, 2015	Nov. 01, 2013
Convertible Notes Payable Details 1
Future minimum payments	$ 385,946	$ 50,000

XML

Statement of Cash Flows (Details 1) (Parenthetical)	3 Months Ended
	Nov. 30, 2013	Nov. 30, 2014
Warrants for additional compensation #1 [Member]
Warrants Issued	1,500,000
Warrants for additional compensation #2 [Member]
Warrants Issued	1,000,000
Warrants for additional compensation #3 [Member]
Warrants Issued	3,000,000
Common stock for a investor relations contract #1 [Member]
Warrants Issued		1,000,000
Common stock for a investor relations contract #2 [Member]
Warrants Issued		5,000,000

XML

Discountinued Operations (Details) (USD $)	3 Months Ended
	Nov. 30, 2014		Nov. 01, 2013
Discountinued Operations Details
Promissory note			$ 50,000
Legal Billings			145,522
Payments, monthly	$ 4,257	[1]

[1] promissory note bears interest at 4% and requires 12 monthly payments

XML

Inventory and Financing Agreement (Tables)

3 Months Ended

Nov. 30, 2014

Debt Disclosure [Abstract]

Financing Agreements

	As of November 30,
	2014		2013		Monthly Payment
Wells Fargo (013)	$	1,395	$	—	$	1,395
Wells Fargo (015)		7,873		—		7,873
LCA 4160		20,804		—		4,161
Wells Fargo (016)		12,499		—		2,083
Wells Fargo (017)		33,323		—		4,165
VGM (322)		59,467		—		5,947
Wells Fargo (018)		61,736		—		6,174
Outstanding leases	$	197,097	$	—	$	31,798

XML

Employment Agreements (Details Narrative) (USD $)	3 Months Ended	0 Months Ended	3 Months Ended	1 Months Ended
	Nov. 30, 2014	Mar. 22, 2013	Nov. 30, 2013	May 31, 2013
Medical Products Segment [Member]
Base Salary	$ 85,000
Officer's Salary	21,250
Benefits	1,300
CEO [Member]
Officer's Salary	30,000	120,000	30,000
Benefits		1,250
CFO [Member]
Officer's Salary	21,000		20,225	58,000
Benefits				500
Salary Increase	80,000
Angels of Mercy, Inc. [Member]
Base Salary	52,000
Officer's Salary	12,462
Benefits	$ 400

XML

Stockholders Equity - 2013 Omnibus (Details) (Omnibus [Member])	Nov. 30, 2014	Aug. 31, 2013
Omnibus [Member]
Shares authorized		10,000,000
Shares for future issuance	7,000,000

XML

Notes Payable - Related Party (Details) (USD $)	Aug. 31, 2015	Nov. 01, 2013	Nov. 30, 2014	Nov. 30, 2013
Principal paid	$ 385,946	$ 50,000
Convertible Related Party Notes Payable [Member]
Outstanding unsecured related party convertible notes payable			33,206	51,600
Interest Rate			6.00%
Principal paid			18,394	10,675
Accrued interest			$ 7,125	$ 223

XML

Income Taxes - Income Tax Benefit (Details) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Deferred:
Income Tax Benefit, net

XML

Subsequent Events (Details) (USD $)	3 Months Ended
	Nov. 30, 2014
Merchant Loan [Member]
Loan obtained	$ 300,000
Periodic Payments	1,607
Total payments	405,000
Proceeds of Loan	163,713
Convertible Debt [Member]
Periodic Payments	29,472
Accrued Interest	722
Converted debt, amount	$ 30,858
Shares issued for debt	15,329,921

XML

Statement of Cash Flows (Details 1) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Issued warrants Additional Compensation		$ 16,656
Issued shares of common stock in payment for a investor relations consulting contract		11,500
Conversion prommsiory note to nonrelated		25,000
Loss on conversion of convertible debt		15,620
Total noncash transactions from investing and financing activities	45,090	125,479
Common stock for a investor relations contract #1 [Member]
Issued warrants Additional Compensation	4,000
Common stock for a investor relations contract #2 [Member]
Issued warrants Additional Compensation	20,000
Conversion of promissory note #1 [Member]
Issued warrants Additional Compensation	10,545
Conversion of promissory note #2 [Member]
Issued warrants Additional Compensation	$ 10,545

XML

Stockholders Equity - 2000 Stock Incentatvie Plan (Details) (USD $)	Dec. 20, 2014	Nov. 30, 2014	Aug. 31, 2014	Dec. 13, 2013	Aug. 31, 2013	Feb. 28, 2000
Option Outstanding [Member]
Number of options		6,173,750
Weighted average remaining contractual term (years)		8.98
Weighted average exercise price		0.016
Options Exercisable [Member]
Number of options		6,173,750
Weighted average remaining contractual term (years)		8.98
Weighted average exercise price		0.016
Stock Incentative Plan [Member]
Shares authorized	20,000	473,253		6,100,000		7,500,000
Number of options		6,173,750	6,173,750		217,085
Weighted average exercise price	$ 0.016			$ 0.015

XML

Commitments and Contingencies

3 Months Ended

Nov. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 20 – COMMITMENTS AND CONTINGENCIES

On June 6, 2014, the Company and its subsidiary Dotolo entered into a services agreement with E & R Industries to provide the Company with retooling and redesign of some of Dotolo’s parts. The contract calls for periodic cash payments totaling $60,000 along with the issuance of 5,000,000 common stock shares upon meeting certain milestones.

On June 6, 2014, the Company and its subsidiary Dotolo entered into a services agreement with Schmitt to provide the Company with redesign of its Toxygen hardware system. The contract calls for periodic cash payments totaling $30,000 along with the issuance of 3,000,000 common stock shares upon meeting certain milestones.

XML

Leases (Details) (USD $)	Nov. 30, 2014
Leases Details
2015	$ 108,323
2016	126,424
2017	114,808
2018	42,448
Totals	$ 392,003

XML

Summary of Significant Accounting Policies - Net Loss Per Common Share - Dilutive Securities (Details) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Description
Convertible preferred stock	78,564	58,628,531
Convertible notes payable	133,670,880	6,728,418
Options	$ 6,173,750	$ 147,500
Warrants	30,583,333	11,500,000
Total potentially dilutive securities	170,506,527	24,204,449

XML

Business Segments - Business Segments (Details) (USD $) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Revenues	$ 1,161,874	$ 724,632
Cost of revenues	861,031	494,555
Gross profit	300,843	230,077
Operating expenses:
General and administrative	454,323	277,360
Research and development expense	10,000
Depreciation and amortization	4,645	5,452
Total operating expenses	468,968	282,812
Loss from operations	(168,125)	(52,735)
Other income (expense):
Interest and finance charges	(270,841)	(151,003)
Interest and finance charges - related parties	(783)	(16,491)
Loss on conversion of notes payable - related parties		(36,380)
Loss on disposal of assets		(28,748)
Other income (expenses)	(3,539)
Total other income (expense)	(275,163)	(232,622)
Loss from continuing operations	(443,288)	(285,357)
Total other income (expense)	(275,163)	(232,622)
Loss from operations	(443,288)	(285,357)
Personal Care Segment [Member]
Revenues	909,972	724,632
Cost of revenues	747,685	482,388
Gross profit	162,287	242,244
Operating expenses:
General and administrative	124,176	154,974
Research and development expense
Depreciation and amortization	2,014	2,945
Total operating expenses	126,190	157,919
Loss from operations	36,097	84,325
Other income (expense):
Interest and finance charges	(53,777)	(63,004)
Interest and finance charges - related parties
Loss on conversion of notes payable - related parties
Loss on disposal of assets		(28,748)
Other income (expenses)
Total other income (expense)	(53,777)	(91,752)
Loss from continuing operations	(17,680)	(7,427)
Total other income (expense)		(91,752)
Loss from operations	(17,680)	(7,427)
Medical Device Segment [Member]
Revenues
Cost of revenues	10,934	12,167
Gross profit	(10,934)	(12,167)
Operating expenses:
General and administrative	10,950	11,897
Research and development expense	10,000
Depreciation and amortization	2,423	2,423
Total operating expenses	23,373	14,320
Loss from operations	(34,307)	(26,487)
Other income (expense):
Interest and finance charges	(2,250)	(3,483)
Interest and finance charges - related parties	(783)	(783)
Loss on conversion of notes payable - related parties
Loss on disposal of assets
Other income (expenses)	(3,539)
Total other income (expense)	(6,572)	(4,266)
Loss from continuing operations	(40,879)	(30,753)
Total other income (expense)		(4,266)
Loss from operations	(40,879)	(30,753)
Medical Products Segment [Member]
Revenues	251,902
Cost of revenues	102,412
Gross profit	149,490
Operating expenses:
General and administrative	103,217
Research and development expense
Depreciation and amortization	124
Total operating expenses	103,341
Loss from operations	46,149
Other income (expense):
Interest and finance charges	(650)
Interest and finance charges - related parties
Loss on conversion of notes payable - related parties
Loss on disposal of assets
Other income (expenses)
Total other income (expense)	(650)
Loss from continuing operations	45,499
Total other income (expense)
Loss from operations	45,499
Corporate Overhead [Member]
Revenues
Cost of revenues
Gross profit
Operating expenses:
General and administrative	215,980	110,489
Research and development expense
Depreciation and amortization	84	84
Total operating expenses	216,064	110,573
Loss from operations	(216,064)	(110,573)
Other income (expense):
Interest and finance charges	(214,164)	(84,516)
Interest and finance charges - related parties		(15,708)
Loss on conversion of notes payable - related parties		(36,380)
Loss on disposal of assets
Other income (expenses)
Total other income (expense)	(214,164)	(136,604)
Loss from continuing operations	(430,228)	(247,177)
Total other income (expense)		(136,604)
Loss from operations	$ (430,228)	$ (247,177)

XML

Statement of Cash Flows (Tables)

3 Months Ended

Nov. 30, 2014

Supplemental Cash Flow Elements [Abstract]

Supplemental Non-cash Investing and Financing Activities

For the year ended November 30, 2014, these supplemental non-cash investing and financing activities are summarized as follows:

		Amount
On November 15, 2014, the Company issued 1,000,000 S-8 shares of common stock in payment for a investor relations consulting contract.		4,000
On November 15, 2014, the Company issued 5,000,000 shares of common stock in payment for a investor relations consulting contract.		20,000
On November 17, 2014, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $10,545 related to that transaction.		10,545
On November 17, 2014, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $10,545 related to that transaction.		10,545
Total non-cash transactions from investing and financing activities.	$	45,090

For the three months ended November 30, 2013, these supplemental non-cash investing and financing activities are summarized as follows:

		Amount
On September 11, 2013, the Company issued 1,500,000 warrants to an affiliated party for additional compensation related to an operating capital investment.  The value of these warrants was expensed as interest and finance charges.	$	15,656
On September 11, 2013, the Company issued 1,000,000 S-8 shares of common stock in payment for a investor relations consulting contract.		11,500
On October 2, 2013, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $25,000 related to that transaction.		25,000
On October 3, 2013, the Company recorded a loss on conversion of a convertible promissory note in the amount of $15,620.		15,620
On November 5, 2013 and November 8, 2013, the Company issued a total of 3,000,000 warrants to a non-related party as additional compensation for an operating capital investment.		57,703
Total non-cash transactions from investing and financing activities.	$	125,479

XML

Goodwill, Patents and Other Intangible Assets (Details Narrative) (USD $)	3 Months Ended
	Nov. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Patents and Registrations	$ 122,479
Accumulated Amortization	99,515
Amortization Expense	$ 6,124

XML

Stockholders Equity (Details 2) (USD $)	0 Months Ended
	Nov. 12, 2014	Feb. 07, 2014	Jan. 21, 2014	Jan. 03, 2014	Sep. 13, 2013	Nov. 30, 2014	Nov. 29, 2014	Nov. 28, 2014	Nov. 24, 2014	Nov. 10, 2014	Nov. 03, 2014	Oct. 28, 2014	Sep. 10, 2014	Aug. 26, 2014	Aug. 01, 2014	Jul. 24, 2014	Jul. 14, 2014	Jun. 25, 2014	Jun. 02, 2014	Apr. 08, 2014	Apr. 07, 2014	Mar. 12, 2014	Feb. 14, 2014	Jan. 31, 2014	Jan. 15, 2014	Jan. 14, 2014	Jan. 13, 2014	Dec. 03, 2013	Oct. 03, 2013	Sep. 12, 2013	Sep. 10, 2013
Stockholders Equity Details 2
Shares of common stock sold	6,000,000	1,000,000	3,500,000	2,000,000		79,862,954	2,126,602	3,577,818	2,380,952	1,724,733	1,508,296	1,473,622	1,058,201	1,200,000	3,416,764	1,149,425	2,500,000	5,138,746	5,000,000	5,583,007	2,936,314	4,615,385	4,615,385	34,722,222	117,436	1,000,000	3,076,923	1,891,123	4,000,000	1,000,000	1,500,000
Additional Shares of common stock sold			1,500,000
Price per share							$ 0.001984	$ 0.002795	$ 0.00294	$ 0.002899	$ 0.003315	$ 0.003383	$ 0.004725	$ 0.00833	$ 0.002475	$ 0.00435	$ 0.0044	$ 0.004865		$ 0.0033	$ 0.0065	$ 0.0065	$ 0.0065	$ 0.0072			$ 0.0065	$ 0.00496	$ 0.00391		$ 0.00667
Proceeds from sale						10,000									8,456	5,000	11,000	25,000	30,000	17,764	19,086	30,000	30,000						0		10,000
Consulting Expense	$ 24,000	$ 9,000	$ 45,500	$ 22,000	$ 11,500
Convert Promissory note							$ 4,219	$ 10,000	$ 7,000	$ 5,000	$ 5,000	$ 5,000												$ 25,000	$ 9,380		$ 20,000	$ 9,380

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Stockholders Equity (Details) (USD $)	3 Months Ended	12 Months Ended
	Nov. 30, 2014	Aug. 31, 2014
Proceeds if Shares Converted
Shares Issued		23,583,333
Series A Preferred Stock [Member]
Number of Preferred Shares
Shares Outstanding, beginning balance	129,062	129,062
Shares Outstanding, ending balance	129,062	129,062
Number of Common Shares Convertible
Shares Outstanding, beginning balance	64,531	64,531
Shares Outstanding, ending balance	64,531	64,531
Proceeds if Shares Converted
Amount converted, beginning balance	25,812	25,812
Amount converted, ending balance	25,812	25,812
Weighted Average Exercise Price Per Common Stock
Shares Outstanding, beginning balance	$ 0.40	$ 0.40
Shares Converted	$ 0.40	$ 0.40
Sharess Outstanding, ending balance	$ 0.40	$ 0.40

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Discountinued Operations (Details 1) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Operating expenses:
General and administrative		$ 36
Depreciation and amortization
Total operating expenses		36
Loss from operations		(36)
Other income (expense):
Total other income (expense)
Loss from discontinued operations		(36)
Gain on disposal of discontinued operations		95,564
Loss from discontinued operations		95,528
Less loss attributable to noncontrolling interest
Net loss from discontinued operations		$ 95,528

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Acquisitions

3 Months Ended

Nov. 30, 2014

Business Combinations [Abstract]

Acquisitions

NOTE 4 – ACQUISITIONS

Amian Health Services

On December 10, 2013, our subsidiary Angels of Mercy acquired the assets of Amian Health Services. Pursuant to the Agreement, the Owners sold all the assets for $100,000 represented by a down payment of $75,000 at closing and a one year Secured Promissory Note for $25,000.

The acquisition was accounted for using the acquisition method of accounting and the purchase price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. Identifiable intangible assets include patents and purchased goodwill.

The purchase price was allocated to assets acquired and liabilities assumed as follows:

Cash and cash equivalents	$	8,646
Property and equipment		6,000
Purchased goodwill		85,354
Total assets acquired	$	100,000

On September 25, 2014, we acquired all the outstanding shares of Esteemcare Inc. and its wholly owned subsidiary, Affordable Medical Equipment Solutions Inc. in exchange for a $400,000 down payment, $100,000 note and payoff of $173,433 in operating leases.

The acquisition was accounted for using the acquisition method of accounting and the purchase price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. Identifiable intangible assets include patents and purchased goodwill.

The purchase price was allocated to assets acquired and liabilities assumed as follows:

Cash and cash equivalents	$	12,449
Accounts receivable (net)		573,130
Inventory		106,165
Prepaid expenses and other current assets		860
Property and equipment		3,008
Deposits and other assets		10,551
Purchased goodwill		622,610
Total assets acquired	$	1,328,773
Accounts payable and other accrued expenses	$	454,877
Inventory financing agreements		125,463
Notes payable		75,000
Total liabilities assumed	$	655,340

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Stockholders Equity (Details Narrative) (USD $)	1 Months Ended
	Jan. 31, 2003
Stockholders Equity Details Narrative
Series A convertible preferred stock authorized	4,500,000
Series A convertible preferred stock par value	$ 0.001
Series A convertible preferred stock outstanding	129,062

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Going Concern (Details Narrative) (USD $)	3 Months Ended
	Nov. 30, 2014
Notes Payable Details Narrative 4
Amount needed to fund operations	$ 1,000,000
Amount needed to fund overhead	$ 500,000

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Acquisitions (Tables)

3 Months Ended

Nov. 30, 2014

Business Combinations [Abstract]

Amian Health Services

Cash and cash equivalents	$	8,646
Property and equipment		6,000
Purchased goodwill		85,354
Total assets acquired	$	100,000

EsteemCare

Cash and cash equivalents	$	12,449
Accounts receivable (net)		573,130
Inventory		106,165
Prepaid expenses and other current assets		860
Property and equipment		3,008
Deposits and other assets		10,551
Purchased goodwill		622,610
Total assets acquired	$	1,328,773
Accounts payable and other accrued expenses	$	454,877
Inventory financing agreements		125,463
Notes payable		75,000
Total liabilities assumed	$	655,340

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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Nov. 30, 2014

Accounting Policies [Abstract]

Property and Equipment

	November 30,			August 31,
	2014			2014
Furniture	$	14,118		$	12,688
Office Equipment		12,962			12,962
Computers		23,897			22,321
Software		3,497			3,497
Leasehold improvements		—			—
Equipment		17,623			16,763
Total property and equipment at cost		72,097			68,231
Less: accumulated depreciation and amortization		(31,378	)		(28,264	)
	$	40,719		$	39,967

Net Loss Per Common Share

	For the Three Months Ended
	November 30,			November 30,
	2014			2013
Net gain (loss) attributable to common shareholders
Continuing operations	$	(443,288	)	$	(285,357	)
Discontinued operations		—			95,528
	$	(443,288	)	$	(189,829	)
Weighted average shares outstanding		133,488,493			79,307,202
Loss per common shares, basis and diluted
Continuing operations	$	(0.00	)	$	(0.00	)
Discontinued operations		—			0.00
	$	(0.00	)	$	(0.00	)

Dilutive Securities

	As of
	November 30,	November 30,
	2014	2013
	Underlying	Underlying
Description	Common Shares	Common Shares
Convertible preferred stock	78,564	5,828,531
Convertible notes payable	133,670,880	6,728,418
Options	6,173,750	147,500
Warrants	30,583,333	11,500,000
Total potentially dilutive securities	170,506,527	24,204,449

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Convertible Notes Payable (Details Narrative 1) (USD $)	12 Months Ended	3 Months Ended
	Aug. 31, 2014	Nov. 30, 2014		Nov. 30, 2013
Shares issued	1,058,201
Convertible Note 1 [Member]
Convertible promissory note		$ 700,000
Convertible discount		60.00%
Interest accrued on promissory notes		62,642
Extended convertible promissory notes		125,000	[1]
Convertible Note 2 [Member]
Convertible promissory note		235,025
Interest rate of note		6.00%
Per share conversion rate of note		$ 0.20
Interest accrued on promissory notes		78,754
Shares issued		8,788,171
Shares issued, amount		46,000
Convertible Note 3 [Member]
Convertible promissory note		25,000
Interest rate of note		8.00%
Convertible discount		45.00%
Beneficial conversion feature				25,000
Extended convertible promissory notes				17,074
Per share conversion rate of extended notes				$ 0.0033
Interest accrued on promissory notes				690
Shares issued		4,000,000		5,383,007
Shares issued, amount		15,620
Convertible Note 3-Additional [Member]
Extended convertible promissory notes				7,926
Per share conversion rate of extended notes				$ 0.002475
Interest accrued on promissory notes				530
Shares issued		2,008,559		3,416,764
Shares issued, amount		9,380
Convertible Note 4 [Member]
Convertible promissory note		26,500
Interest rate of note		12.00%
Convertible discount		38.00%
Beneficial conversion feature		26,500
Interest accrued on promissory notes		1,266
Interest accrued on promissory notes		219
Shares issued		2,126,602
Convertible Note 5 [Member]
Convertible promissory note		50,000
Interest rate of note		12.00%
Convertible discount		35.00%
Beneficial conversion feature		50,000
Convertible Note 6 [Member]
Convertible promissory note		25,000
Interest rate of note		12.00%
Convertible discount		35.00%
Interest accrued on promissory notes		1,646
Shares issued		8,284,469
Shares issued, amount		25,000
Convertible Note 7 [Member]
Convertible promissory note		115,000
Interest rate of note		10.00%
Per share conversion rate of note		$ 0.009
Beneficial conversion feature		38,322
Interest accrued on promissory notes		168
Shares issued		9,583,333
Convertible Note 8 [Member]
Convertible promissory note		26,500
Interest rate of note		12.00%
Convertible discount		38.00%
Beneficial conversion feature		26,500
Interest accrued on promissory notes		796
Convertible Note 9 [Member]
Convertible promissory note		25,000
Interest rate of note		8.00%
Beneficial conversion feature		10,545
Interest accrued on promissory notes		22
Note payable		18,000
Shares issued		2,380,952
Shares issued, amount		7,000
Convertible Note 10 [Member]
Convertible promissory note		25,000
Interest rate of note		8.00%
Convertible discount		30.00%
Beneficial conversion feature		10,545
Interest accrued on promissory notes		$ 71

[1] In October 2013 and November 2014, the investor sold two $25,000 positions of principal in the note to another accredited investor and currently holds a note representing the remaining $75,000 in principal.

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Acquisitions - Acquisitions (Details) (USD $)	Nov. 30, 2014
Amian Health Services [Member]
Cash and cash equivalents	$ 8,646
Property and equipment	6,000
Purchased Goodwill	85,354
Total assets acquired	100,000
Esteemcare Inc. [Member]
Cash and cash equivalents	12,449
Accounts receivable (net)	573,130
Inventory	106,165
Prepaid expenses and other current assets	860
Property and equipment	3,008
Deposits and other assets	10,551
Purchased Goodwill	622,610
Total assets acquired	1,328,773
Accounts payable and other accrued expenses	454,877
Inventory financing agreements	125,463
Notes payable	75,000
Total liabilities assumed	$ 655,340

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Discontinued Operations (Tables)

3 Months Ended

Nov. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

	For the Three Months Ended
	November 30,		November 30,
	2014		2013
Operating expenses:
General and administrative	$	—	$	36
Depreciation and amortization		—		—
Total operating expenses		—		36
Loss from operations		—		(36	)
Other income (expense):
Total other income (expense)		—		—
Loss from discontinued operations		—		(36	)
Gain on disposal of discontinued operations		—		95,564
Loss from discontinued operations		—		95,528
Less loss attributable to noncontrolling interest		—		—
Net loss from discontinued operations	$	—	$	95,528

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Property and Equipment (Tables)

3 Months Ended

Nov. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

	November 30,			August 31,
	2014			2014
Furniture	$	14,118		$	12,688
Office Equipment		12,962			12,962
Computers		23,897			22,321
Software		3,497			3,497
Leasehold improvements		—			—
Equipment		17,623			16,763
Total property and equipment at cost		72,097			68,231
Less: accumulated depreciation and amortization		(31,378	)		(28,264	)
	$	40,719		$	39,967

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Going Concern

3 Months Ended

Nov. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 3 - GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses from operations over the past several years and anticipates additional losses in fiscal 2015 and prior to achieving breakeven.

During the year ended August 31, 2013 we acquired Dotolo Research Corporation and Angels of Mercy, Inc. In December 2013, through Amian Angels, we also acquired the assets of Amian Health Services and changed the company’s name to Amian Angels Inc. In September 2014 we acquired Esteemcare Inc. and Affordable Medical Equipment Solutions Inc. While these acquisitions greatly increase the value of our Company, the combined operations of OCLG are not cash flow positive at this time. Amian and Esteemcare are currently cash flow positive but alone is unable to support all the corporate overhead or needs of our other subsidiary, Dotolo. We anticipate that we will require approximately $1,000,000 to operate through December 31, 2015. Approximately $500,000 will be required to fund corporate overhead including debt servicing with the balance to invest into raw material inventory, manufacturing and product revisions at Dotolo Research. Additional funding will allow us to meet our current sales demands and expenses of Dotolo, Amian Angels and Oncologix, while keeping our public filings current.

Our Company is not profitable and we have to rely on debt and equity financings to fund operations. There is no assurance that the business activities of Dotolo will achieve breakeven status by the end of 2015. Significant delays in achieving break-even status could affect the ability to obtain future debt and equity funding. These factors raise substantial doubt about the Company’s ability to continue as a going concern. After auditing our financial statements, our independent auditor issued a going concern opinion and our ability to continue is dependent on our ability to raise additional capital. Currently there is a substantial doubt in the Company’s ability to continue as a going concern.

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Leases (Tables)

3 Months Ended

Nov. 30, 2014

Leases Tables

Leases

2015	$	108,323
2016		126,424
2017		114,808
2018		42,448
Totals	$	392,003

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Summary of Significant Accounting Policies - Goodwill (Details) (USD $)	Nov. 30, 2014	Aug. 31, 2014
Goodwill	$ 2,404,389	$ 1,781,779
Fair value exceeds the carrying value of goodwill		51.00%
Angels of Mercy, Inc. [Member]
Goodwill	564,075
Fair value exceeds the carrying value of goodwill	39.00%
Dotolo Research Corporation [Member]
Goodwill	$ 1,217,704
Fair value exceeds the carrying value of goodwill	26.00%

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Inventory and Financing Agreement - Financing Agreements (Details) (USD $)	3 Months Ended
	Nov. 30, 2014
Finance Agreement	$ 197,097
Monthly payment	31,798
Wells Fargo (13) [Member]
Finance Agreement	1,395
Monthly payment	1,395
Wells Fargo (15) [Member]
Finance Agreement	7,873
Monthly payment	7,873
LCA (4160) [Member]
Finance Agreement	20,804
Monthly payment	4,161
Wells Fargo (16) [Member]
Finance Agreement	12,499
Monthly payment	2,083
Wells Fargo (17) [Member]
Finance Agreement	33,323
Monthly payment	4,165
VGM (322) [Member]
Finance Agreement	59,467
Monthly payment	5,947
Wells Fargo (18) [Member]
Finance Agreement	61,736
Monthly payment	$ 6,174

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Stockholders Equity - 2000 Stock Incentatvie Plan (Details 1)	12 Months Ended
	Aug. 31, 2014	Nov. 30, 2014
Number of Options Granted
Shares Granted	23,583,333
Stock Incentative Plan [Member]
Number of Options Granted
Shares Outstanding, beginning balance	217,085	6,173,750
Shares Granted	6,120,000
Shares Cancelled	(163,335)
Shares Outstanding, ending balance	6,173,750	6,173,750

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Consolidated Balance Sheets (USD $)	Nov. 30, 2014	Aug. 31, 2014
Current Assets:
Cash and cash equivalents	$ 77,361	$ 17,504
Accounts receivable (net of allowance of $71,000 and $9,000)	837,033	213,399
Inventory	137,436	31,271
Prepaid expenses and other current assets	32,355	9,307
Prepaid commissions and finders' fees	1,760	3,152
Total current assets	1,085,945	274,633
Property and equipment (net of accumulated depreciation of $28,264 and $11,820)	40,719	39,967
Deposits and other assets	36,352	14,582
Goodwill	2,404,389	1,781,779
Patents, registrations (net of amortization of $99,515 and $97,983)	22,965	24,497
Total assets	3,590,370	2,135,458
Current liabilities:
Convertible notes payable (net of discount of $56,329 and $99,491)	385,946	436,308
Notes payable (net of discount of $8,613 and $18,596)	2,179,313	946,104
Notes payable - related parties	33,206	51,600
Inventory finance agreements	197,097
Accounts payable and other accrued expenses	1,206,319	732,934
Accrued interest payable	150,126	148,681
Accrued interest payable - related parties	7,125	6,342
Current portion of long term debt	84,195	82,532
Total current liabilities	4,243,327	2,404,501
Long-term liabilities:
Notes payable (net of current portion)	373,739	395,675
Convertible notes payable
Total long-term liabilities	373,739	395,675
Total liabilities	4,617,066	2,800,176
Stockholders' Deficit:
Common stock, par value $.001 per share; 750,000,000 shares authorized; 154,450,376 and 134,600,152 shares issued and outstanding at November 30, 2014 and August 31, 2014, respectively	154,450	134,600
Additional paid-in capital	47,632,329	47,565,869
Accumulated deficit prior to reentering development stage	(48,813,683)	(48,370,395)
Common stock subscribed (0 and 1,058,201 shares issuable, respectively at November 30, 2014 and August 31, 2014)		5,000
Total stockholders' deficit	(1,026,696)	(664,718)
Total liabilities and stockholders' deficit	3,590,370	2,135,458
Series A Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock	129	129
Series D Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock	$ 79	$ 79

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Acquisitions (Details Narrative) (USD $)	0 Months Ended
	Sep. 25, 2014	Dec. 10, 2013
Acquisitions Details Narrative
Purchase price	$ 400,000	$ 100,000
Down payment received	100,000	75,000
Promissory note for sale of stock		25,000
Payoff operating leases	$ 173,433

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Organization and Description of the Company

3 Months Ended

Nov. 30, 2014

Accounting Policies [Abstract]

Organization and Description of the Company

NOTE 1 - ORGANIZATION AND DESCRIPTION OF THE COMPANY

Oncologix Tech, Inc. is a diversified medical holding company with operating segments in medical device, healthcare services and medical products and technologies. We operate and manufacture Class II medical device products, delivers Personal Healthcare Services nationally and provides Home Medical Equipment (HME) and Durable Medical Equipment (DME) sales in licensed markets. For its clients, Oncologix provides FDA approved medical devices, State licensed healthcare services and medical product sales. For its shareholders, Oncologix operates profitable business divisions that build, maintain and nourish shareholder value. The Company’s corporate mission is to be the best small cap medical device and healthcare services holding company in North America.

We were originally formed in 1995 and in 2000 we changed our name to "BestNet Communications Corp." At that time we provided worldwide long distance telephone communication and teleconferencing services to commercial and residential consumers through the internet, which we disposed of in 2007 due to lack of profitability. In July 2006 we changed our business model to medical device products.  In July 2006 we acquired JDA Medical Technologies, Inc. ("JDA") and merged this business into Oncologix Corporation, our wholly owned subsidiary.  On January 22, 2007, we changed our name to Oncologix Tech, Inc., to reflect this new business model. Our business at this time was the development of a medical device for brachytherapy (radiation therapy), called the “Oncosphere” (or “Oncosphere System”), for the advanced medical treatment of soft tissue cancers. Due to a lack of funding, we suspended these development activities on December 31, 2007. On November 1, 2013, due to the development of the brachytherapy device being several years away, indication that the product could not be marketed and no guarantee of FDA approvals, it was determined that continued financial support of this product by Oncologix Corporation would cost the Company substantial capital beyond its means and the Company’s management and Board of Directors disposed of Oncologix Corporation and its Brachytherapy medical device subsidiary. Furthermore, as part of the disposal, the Company was relieved of over $90,000 in debt.   

On March 22, 2013, we acquired all the outstanding stock of Dotolo Research Corporation (“Dotolo”), a FDA Registered, Class II, medical device manufacturer with 25 years of product sales in the hydro-colonic irrigation, bowel preparation market. Dotolo Research Corporation began operations in 1989 and sells hardware and disposable products to a customer base of over 900+ customers both domestically and internationally.  The Company currently operates in a limited, but competitive environment in hydro-colonic irrigation, of which there are only four (4) companies approved by the FDA to manufacture a Class II medical device for colonic-hydro therapy.  Since the acquisition, we have not had significant revenues from sales of our products, including sales to medical facilities due to a lack of operating capital needed to procure raw material inventory to currently fill customers’ orders.

On August 1, 2013, we acquired the outstanding stock of Angels of Mercy, Inc. (“AOM”). Angels provides non-medical, Personal Care Attendant (PCA) services, Supervised Independent Living (SIL), Long-Term Senior Care, and other approved health service programs performed by a trained caregiver that will meet the health service needs of beneficiaries whose disabilities preclude the performance of certain independent living skills related to the activities of daily living (ADL).

On December 10, 2013, Angels of Mercy, Inc. acquired the assets of Amian Health Services LLC and Amian Health Services of Alex LLC, herein after referred to as “Amian”.  Amian delivers health-care care-services who provide routine health and personal care support with Activities of Daily Living (ADL) to clients with physical impairments or disabilities in private homes, nursing care facilities, hospice care settings, and other residential settings. Amian holds both PCA-Medicaid Waiver Provider and Residential Rehabilitation/Supervised Independent Living (SIL), and personal care services for Veterans with licenses issued by the Division of Licensing and Certification of the Department of Social Services, Veterans Administration Social Services and the Louisiana Department of Health and Hospitals.  All administrative personnel of Amian have been merged into to gain operating synergies. This company changed its name to Amian Angels, Inc. (“Amian Angels”) in August 2014.

On July 21, 2014 we formed Advanced Medical Products and Technologies Inc. to enter into the Durable Medical and Home Medical Equipment markets. We anticipate acquiring active companies in this area to develop our Medical Products and Technologies Segment.

On September 25, 2014, we acquired the outstanding stock of Esteemcare, Inc. and it’s wholly owned subsidiary Affordable Medical Equipment Solutions, Inc. Esteemcare, Inc is a Durable and Home Medical equipment and supply distributor for respiratory therapy and is Accredited by the “Joint Commission on Healthcare Organizations”.

Esteemcare targets patients with sleep obstructive disorders or related chronic illnesses who are insured by Medicare, Medicaid, third-party insurers, or have the ability to pay for our products from their own private resources. Sleep apnea is a serious sleep disorder that occurs when a person's breathing is interrupted during sleep. People with untreated sleep apnea stop breathing repeatedly during their sleep, sometimes hundreds of times. This means the brain -- and the rest of the body -- may not get enough oxygen.

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Notes Payable - Other (Details Narrative) (USD $)	0 Months Ended																12 Months Ended	0 Months Ended	3 Months Ended
	Mar. 18, 2014	Mar. 11, 2014	Feb. 07, 2014	Jan. 03, 2014	Dec. 20, 2013	Dec. 18, 2013	Nov. 27, 2013	Nov. 05, 2013	Nov. 01, 2013	Oct. 01, 2013	Sep. 16, 2013	Jul. 26, 2013	May 23, 2013	Mar. 17, 2013	Feb. 27, 2013	Apr. 30, 2012	Aug. 31, 2014	Aug. 01, 2013	Nov. 30, 2014	Aug. 31, 2015	Dec. 03, 2013
Financing Agreement	$ 120,000	$ 150,000		$ 4,000,000		$ 72,000	$ 51,000		$ 145,523								$ 45,000				$ 75,000
Notes Payable				72,036				20,000		60,000	80,000	100,000	20,000	20,000	30,000	150,000	43,671				74,496
Ballon payment									50,000											385,946
Note payable - current				328,028					8,473			47,666		958							72,892
Proceeds of Loan	119,301	146,750		500,000		49,301											10,000
Interest rate of note			6.00%		10.00%			18.00%	4.00%	12.00%	15.00%	18.00%	12.00%	18.00%	18.00%						25.00%
Monthly installments	800	940		1,375		888	306	150	4,257	1,334	861	6,200	1,867		5,400	1,500
Number of installments	189	209				82	180				130					10
Total Payments	151,200	196,500				72,500	55,021				112,000					45,000
Interest payments											20,000	1,200		900	1,350
Accrued Interest			527		1,137						750			990	1,365		453
Loan fees			9,000			699
Warrant issued for debt			1,500,000	1,000,000	3,000,000			3,000,000
Debt Discount								14,805													5,992
Converted debt, amount			1,000,000	3,500,000													1,200,000
Shares issued for debt			5,151	5,992	7,746
Dotolo Research Corporation [Member]
Financing Agreement																		111,500
Interest rate of note																		6.00%
Shares issued for debt																		18,716,229
Angels of Mercy, Inc. [Member]
Notes Payable																		65,000
Monthly installments																		5,417
Angels of Mercy, Inc. #2 [Member]
Notes Payable																		550,000
Ballon payment																		205,705
Note payable - current																		457,934
Interest rate of note																		6.00%
Monthly installments																		9,115
Amian Health Services [Member]
Ballon payment																	25,000
Proceeds of Loan																			2,158
Interest rate of note																	6.00%
Monthly installments																			$ 2,152

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Stockholders' Equity (Tables)

3 Months Ended

Nov. 30, 2014

Equity [Abstract]

Series A Convertible Preferred Stock

	Preferred	Number of				Weighted Avg.
	Shares	Common Shares		Proceeds if		Per Common Sh.
	Outstanding	Convertible		Converted		Exercise Price
Outstanding, August 31, 2013	129,062	64,531	$	25,812	$	0.40
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	0.40
Issued	—	—		—	$	—
Outstanding, August 31, 2014	129,062	64,531	$	25,812	$	0.40
Expired/Retired	—	—		—	$	0.40
Converted	—	—		—	$	—
Issued	—	—		—	$	—
Outstanding, November 30, 2014	129,062	64,531	$	25,812	$	0.40

Series D Convertible Preferred Stock

	Preferred	Number of				Weighted Avg.
	Shares	Common Shares		Proceeds if		Per Common Sh.
	Outstanding	Convertible		Converted		Exercise Price
Outstanding, August 31, 2013	58,564	58,564,000	$	—	$	80.25
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	—
Issued	20,000	20,000,000		—	$	80.25
Outstanding, August 31, 2014	78,564	78,564,000	$	—	$	—
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	—
Issued	—	—		—	$	—
Outstanding, November 30, 2014	78,564	78,564,000	$	—	$	80.25

Subscribed Stock issuable

For the period Ended November 30, 2014
	Shares		Amount
Shares issuable upon conversion of convertible notes payable	-		$-
Total subscribed stock	-		$-
For the period Ended August 31, 2014
		Shares		Amount
Shares issuable upon conversion of convertible notes payable		1,058,201	$	5,000
Total subscribed stock		1,058,201	$	5,000

Common Stock

Date	Securities		Underwriters/
Sold	Sold	Consideration	Purchasers *	Notes
9/12/2013	1,000,000	$                     -	Vendor	The Company issued 1,000,000 S-8 shares to a vendor for consulting work.  The Company recorded an expense of $11,500 upon the issuance of those shares.
9/12/2013	1,500,000	$             10,000	Accredited Investor	The Company sold 1,500,000 shares of common stock to an affiliated accredited investor at $0.00667 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
10/3/2013	4,000,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $15,620 in principal and interest into 4,000,000 shares of common stock at $0.00391 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/3/2013	1,891,123	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $9,380 in principal and interest into 1,891,123 shares of common stock at $0.00496 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/3/2014	2,000,000	$                     -	Vendor	The company issued 2,000,000 shares of common stock as consideration for services.  The company recorded an expense of $22,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/13/2014	3,076,923	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $20,000 in principal and interest into 3,076,923 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/14/2014	1,000,000	$                     -	Vendor	The company issued 1,000,000 shares of common stock as consideration for services.  The company recorded an expense of $19,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/15/2014	117,436	$                     -	Accredited Investor	Additional reset shares were issued to a non-affiliated accredited investor in connection with the prior conversion of $9,380 in principal and interest into 117,436 shares of common stock.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	3,500,000	$                     -	Accredited Investor	The company issued 3,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $45,500 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	1,500,000	$                     -	Accredited Investor	The company issued 1,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.

1/31/2014	3,472,222	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 3,472,222 shares of common stock at $0.0072 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/7/2014	1,000,000	$                     -	Accredited Investor	The company issued 1,000,000 shares of common stock as consideration for  fees.  The company recorded an expense of $9,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/24/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
3/12/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	2,936,314	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $19,086 in principal and interest into 2,936,314 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	5,383,007	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $17,764 in principal and interest into 5,383,007 shares of common stock at $0.0033 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/2/2014	5,000,000	$                     -	Accredited Investor	The company issued 5,000,000 shares of common stock as consideration for services.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/25/2014	5,138,746	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 5,138,746 shares of common stock at $0.004865 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/14/2014	2,500,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $11,000 in principal and interest into 2,500,000 shares of common stock at $0.0044 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/24/2014	1,149,425	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,149,425 shares of common stock at $0.00435 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/1/2014	3,416,764	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $8,456 in principal and interest into 3,416,764 shares of common stock at $0.002475 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/26/2014	1,200,000	$                     -	Accredited Investor	The Company sold 1,200,000 shares of common stock to an affiliated accredited investor at $0.00833 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
9/10/2014	1,058,201	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,058,201 shares of common stock at $0.004725 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.

10/28/2014	1,473,622	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,473,622 shares of common stock at $0.003383 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/3/2014	1,508,296	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,508,296 shares of common stock at $0.003315 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/10/2014	1,724,733	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,724,733 shares of common stock at $0.002899 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/12/2014	6,000,000	$                     -	Vendor	The company issued 6,000,000 shares of common stock as consideration for services.  The company recorded an expense of $24,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/24/2014	2,380,952	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $7,000 in principal and interest into 2,380,952 shares of common stock at $0.00294 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	3,577,818	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $10,000 in principal and interest into 3,577,818 shares of common stock at $0.002795 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	2,126,602	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $4,219 in principal and interest into 2,126,602 shares of common stock at $0.001984 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
	79,862,954	$             10,000
*  There were no underwriters associated with any of our Sales of Unregistered Securities.

Warrant Activity

		Weighted Avg.
	Number	Exercise Price
Outstanding, August 31, 2013	7,000,000	0.012
Expired/Retired	—	—
Exercised	—	—
Issued	23,583,333	0.011
Outstanding, August 31, 2014	30,583,333	—
Expired/Retired	—	—
Exercised	—	—
Issued	—	—
Outstanding, November 30, 2014	30,583,333	0.011

Fair-Value of Warrants

	For the Three Months Ended November 30,
	2014	2013
Volatility	-	329% - 380%
Risk free rate	0.00%	0.25%
Expected dividends	None	None
Expected term (in years)	-	3 Years

Exercisable outstanding warrants

		Weighted
		Average
Date of	Number	Exercise	Remaining	Expiration
Grant	of Shares	Price	Exercise Life	Date
Outstanding, August 31, 2013	7,000,000
First quarter of fiscal 2014	4,500,000	$     0.012	3 years	November 2017
Second quarter of fiscal 2014	5,500,000	$     0.017	2 to 3 years	Dec 2015 to Dec 2016
Third quarter of fiscal 2014	9,583,333	$     0.012	5 years	May 2019
Fourth quarter of fiscal 2014	4,000,000	$     0.007	2 years	August 2016
Outstanding, August 31, 2014	30,583,333
First quarter of fiscal 2014	-	$          -	-
Outstanding, November 30, 2014	30,583,333

Stock Options

			Weighted Average
	Number of	Option Price	Exercise Price
	Options Granted	Per Share	Per Share
Outstanding, August 31, 2013	217,085	$0.12 - $2.00	$	1,120.000
Granted	6,120,000	$0.015 - $0.016	$	0.020
Exercised	-	-	$	-
Cancelled	(163,335)	$1.04 - $2.00	$	1.380
Outstanding, August 31, 2014	6,173,750	$0.12 - $2.00	$	0.016
Granted	-	$                    -	$	-
Exercised	-	-	$	-
Cancelled	-	$0.00	$	-
Outstanding, November 30, 2014	6,173,750	$0.12 - $2.00	$	0.016

Average Intrinsic Value of Options

	Options		Options
	Outstanding		Exercisable
Number of options		6,173,750		6,173,750
Aggregate intrinsic value of options	$	-	$	-
Weighted average remaining contractual term (years)		8.98		8.98
Weighted average exercise price	$	0.016	$	0.016

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Stockholders Equity (Details Narrative 1) (USD $)	12 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2016	Feb. 28, 2015	Feb. 28, 2014	Mar. 22, 2013
Series D Preferred Stock [Member]
Series D Convertible Preferred Stock, authorized						60,000
Series D Convertible Preferred Stock, par value						$ 0.001
Series D Convertible Preferred Stock, liquidation value						$ 80.25
Series D Convertible Preferred Stock, issued						58,564
New Series D Convertible Preferred Stock [Member]
Votes per share	2000	1600	1200	800	400

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Recent Accounting Prouncements

3 Months Ended

Nov. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Recent Accounting Prouncements

NOTE 17 - RECENT ACCOUNTING PRONOUNCEMENTS

We have evaluated all Accounting Standards Updates through the date the financial statements were issued and do not believe any will have a material impact on our financial condition or results of operations.

NEW ACCOUNTING STANDARD

In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2012-02 “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (“ASU 2012-02”). ASU 2012-02 permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Under the amendments in ASU 2012-02, an entity is not required to calculate the fair value of an indefinite-lived intangible asset unless it determines that it is more likely than not that the fair value of the asset is less than its carrying amount. An entity also will have the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for interim and annual indefinite-lived intangible asset impairment tests performed for fiscal years beginning on or after September 15, 2012, with early adoption permitted. The Company’s adoption of ASU 2012-02 is not expected to have an impact on its consolidated financial statements.

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Business Segments (Tables)

3 Months Ended

Nov. 30, 2014

Segment Reporting [Abstract]

Business Segments

Below are the segment assets as of November 30, 2014.

	As of November 30, 2014
		Personal Care		Medical Device		Med. Products		Corporate
		Segment		Segment		Segment		Overhead		Totals
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents		$	22,157	$	80	$	36,742	$	18,382	$	77,361
Accounts receivable (net)			213,542		—	$	623,491		—		837,033
Inventory			—		31,271	$	106,165		—		137,436
Prepaid expenses and other current assets			—		—	$	2,487		29,868		32,355
Prepaid commissions and finders' fees			—		—		256		1,504		1,760
Total current assets			235,699		31,351		769,141		49,754		1,085,945
Property and equipment (net)			20,131		17,001		2,884		703		40,719
Deposits and other assets			2,233		24,803		9,316		—		36,352
Goodwill			564,075		1,217,704		622,610		—		2,404,389
Patents, registrations (net of amortization)			—		22,965		—		—		22,965
Total assets		$	822,138	$	1,313,824	$	1,403,951	$	50,457	$	3,590,370

Below are the segment assets as of August 31, 2014.

	As of August 31, 2014
		Personal Care		Medical Device			Med. Products		Corporate
		Segment		Segment			Segment		Overhead		Totals
ASSETS
Current Assets:
Cash and cash equivalents		$	9,336	$	(110	)	$	1,000	$	7,278	$	17,504
Accounts receivable (net)			213,399		—			—		—		213,399
Inventory			—		31,271			—		—		31,271
Prepaid expenses and other current assets			—		—			—		9,307		9,307
Prepaid commissions			—		—			—		3,152		3,152
Total current assets			222,735		31,161			1,000		19,737		274,633
Property and equipment (net)			21,287		17,893			—		787		39,967
Deposits and other assets			2,082		12,500			—		—		14,582
Goodwill			564,075		1,217,704			—		—		1,781,779
Patents, registrations (net of amortization)			—		24,497			—		—		24,497
Total assets		$	810,179	$	1,303,755		$	1,000	$	20,524	$	2,135,458

Below are the statements of operations for the reporting periods presented.

	For the Three Months Ended November 30, 2014
		Personal Care			Medical Device			Medical Products			Corporate
		Segment			Segment			Segment			Overhead			Totals
Revenues	$	909,972		$	—		$	251,902		$	—		$	1,161,874
Cost of revenues		747,685			10,934			102,412			—			861,031
Gross profit		162,287			(10,934	)		149,490			—			300,843
Operating expenses:
General and administrative		124,176			10,950			103,217			215,980			454,323
Research and development Expense		—			10,000			—			—			10,000
Depreciation and amortization		2,014			2,423			124			84			4,645
Total operating expenses		126,190			23,373			103,341			216,064			468,968
Loss from operations		36,097			(34,307	)		46,149			(216,064	)		(168,125	)
Other income (expense):
Interest and finance charges		(53,777	)		(2,250	)		(650	)		(214,164	)		(270,841	)
Interest and finance charges - related parties		—			(783	)		—			—			(783	)
Other income (expenses)		—			(3,539	)		—			—			(3,539	)
Total other income (expense)		(53,777	)		(6,572	)		(650	)		(214,164	)		(275,163	)
Loss from continuing operations	$	(17,680	)	$	(40,879	)	$	45,499		$	(430,228	)	$	(443,288	)

Below are the statements of operations for the reporting periods presented.

	For the Three Months Ended November 30, 2013
		Personal Care			Medical Device			Medical Products		Corporate
		Segment			Segment			Segment		Overhead			Totals
Revenues	$	724,632		$	—		$	—	$	—		$	724,632
Cost of revenues		482,388			12,167			—		—			494,555
Gross profit		242,244			(12,167	)		—		—			230,077
Operating expenses:
General and administrative		154,974			11,897			—		110,489			277,360
Depreciation and amortization		2,945			2,423			—		84			5,452
Total operating expenses		157,919			14,320			—		110,573			282,812
Loss from operations		84,325			(26,487	)		—		(110,573	)		(52,735	)
Other income (expense):
Interest and finance charges		(63,004	)		(3,483	)		—		(84,516	)		(151,003	)
Interest and finance charges - related parties		—			(783	)		—		(15,708	)		(16,491	)
Loss on conversion of notes payable - related parties		—			—			—		(36,380	)		(36,380	)
Loss on disposal of assets		(28,748	)		—			—		—			(28,748	)
Other income (expenses)		—			—			—		—			—
Total other income (expense)		(91,752	)		(4,266	)		—		(136,604	)		(232,622	)
Loss from continuing operations	$	(7,427	)	$	(30,753	)	$	—	$	(247,177	)	$	(285,357	)

(63,004) (3,483) — (84,516) (151,003)

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Employment Agreements

3 Months Ended

Nov. 30, 2014

Compensation Related Costs [Abstract]

Employment Agreements

NOTE 19 - EMPLOYMENT AGREEMENTS

On March 22, 2013, Wayne Erwin, the Company’s Chief Executive Officer, signed a three year employment agreement. The agreement provides for an annual salary of $120,000 along with a monthly auto allowance and health insurance allowance totaling $1,250. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. During the three months ended November 30, 2014 and 2013, $30,000  and $30,000  was expensed as salary, respectively.

On April 1, 2013, Michael Kramarz, the Company’s Chief Financial Officer, signed a three year employment agreement. The agreement provides for an annual salary of $58,000 along with a monthly auto allowance and health insurance allowance totaling $500. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. On October 1, 2013, the Company’s Board of Directors approved a salary increase to $80,000 per year. During the three months ended November 30, 2014 and 2013, $21,000  and 20,225  was expensed as salary, respectively.

On August 1, 2013, Vickie Hart, the President of Amian Angels Inc., signed a three year employment agreement. The agreement provides for an annual salary of $52,000 along with a monthly health insurance allowance totaling $400. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. During the three months ended November 30, 2014 and 2013, $12,462 and $12,462 was expensed as salary, respectively.

On July 16, 2014, Harold Halman, the President of our Medical Products Segment, signed a three year employment agreement. The agreement provides for an annual salary of $85,000, along with a monthly auto allowance and health insurance allowance totaling $1,300 plus bonus allowances. Annual increases are to be approved by the Company’s Board of Directors or Compensation Committee. During the three months ended November 30, 2014 and 2013, $21,250  and $0 was expensed as salary, respectively.

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Stockholders Equity (Details Narrative 2) (USD $)	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2010	Feb. 27, 2009
Stockholders Equity Details Narrative 2
Value of 10% IUTM noncontrolling interest				$ 212
Impairment loss on IUTM investment			3,186
Cumulative net loss attributable to noncontrolling interest	$ 3,734	$ 3,701

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Summary of Significant Accounting Policies

3 Months Ended

Nov. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. Interim results are not necessarily indicative of results for a full year.

PRINCIPLES OF CONSOLIDATION

The unaudited consolidated financial statements for the three months ended November 30, 2014 and 2013 include the accounts of Oncologix Tech, Inc. and its wholly owned subsidiaries, Dotolo Research Corporation (“Dotolo”), Amian Angels, Inc. (“Amian”), Advanced Medical Products & Technologies Inc. (“AMPT”), Esteemcare Inc. and Affordable Medical Equipment Solutions Inc. (collectively “Esteemcare”) Dotolo and Amian are Louisiana Corporations. AMPT is a Nevada corporation. Esteem & Affordable are South Carolina corporations. All significant intercompany accounts and transactions have been eliminated in consolidation.

USE OF ESTIMATES

The preparation of financial statements in accordance 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

SEGMENT INFORMATION

ASC 280-10 defines operating segments as components of a company about which separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer and Chief Financial Officer in deciding how to allocate resources and in assessing performance. The Company currently has three business segments; medical device manufacturing (Dotolo), personal care services (Amian) and medical products and technologies (AMPT and Esteem & Affordable.

REVENUE RECOGNITION

Revenue is recognized by the Company in accordance with Accounting Standards Codification Topic (“ASC”) 605. Accordingly, revenue is recognized when all the following criteria are met: persuasive evidence of an arrangement exists; delivery has occurred; the seller’s price to the buyer is fixed and determinable; and collectability is reasonably assured. Currently, the primary revenue for the Company is derived from its sales in its Personal Care Services and Medical Products and Technologies Segments’.

Amian is reimbursed for each approved “Unit of Service” provided, as determined by the Health Care Financing Administration (HCFA), the Department of Health & Hospitals and the Department of Social Services and based upon a detailed Case Management, Plan of Care for each beneficiary. A unit of service for PCA services will be one-half hour. At least fifteen (15) minutes of service must be provided to the individual in order for Amian Angels to bill for a unit of service. A maximum of 1,825 hours (3,650 half-hour units) per beneficiary, per year can be billed under the Medicaid waiver program. Our primary payor sources is the State of Louisiana, the Department of Veterans Administration and Private Pay individuals who reimburse us for the services we provide. We currently experience a two percent claims rejection rate. With the acquisition of Amian, Amian Angels now has private pay clients as well as Veterans Administration Social Services clients.

Esteemcare recognizes revenue related to product sales upon delivery to customers provided that we have received and verified any written documentation required to bill Medicare, other government agencies, third-party payers, and patients. For product shipments for which we have not yet received the required written documentation, revenue recognition is delayed until the period in which those documents are collected and verified. We record revenue at the amounts expected to be collected from government agencies, other third-party payers, and from patients directly. Government and insurance payors’ generally require patient compliance with product usage. Accordingly, most pay for the product purchases over a multi-month plan, generally 10 to 13 months. We record these revenues as received since the transfer of ownership is not guaranteed until the full purchase price is paid to us. We record, if necessary, contractual adjustments equal to the difference between the reimbursement amounts defined in the fee schedule and the revenue recorded per the billing system. These adjustments are recorded as a reduction of both gross revenues and accounts receivable. We analyze various factors in determining revenue recognition, including a review of specific transactions, current Medicare regulations and reimbursement rates, historical experience and the credit-worthiness of patients. Medicare reimburses at 80% of the government-determined prices for reimbursable supplies, and we bill the remaining balance to either third-party payers or directly to patients.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments, with an initial maturity of three (3) months or less to be cash equivalents.

ACCOUNTS RECEIVABLE

The Company’s receivables in its medical device segment are subject to credit risk, and the Company typically does not require collateral on its accounts receivable. Receivables are generally due within 30 days. The Company maintains an allowance for uncollectable receivables that reduces the receivables to amounts that are expected to be collected. .

The lead time for account receivables in our Personal Care service divisions ranges from 14 to 90 days. The majority of the Company’s receivables, approximately 90%, are collected within 14 days. We bill the State of Louisiana on a weekly basis and are reimbursed two weeks later via electronic funds transfer. We are able to resubmit any rejected claims an additional two times to Molina Healthcare, the EDI payment provider for payments within the next twelve months. Currently we maintain an allowance for uncollectible receivables at a rejection rate of 2% of outstanding receivables. We analyze our claim rejection rate on a quarterly basis and make quality improvements to reduce the number of rejected claims. Private pay customers are billed semi-monthly. Generally collections occur within 30 days. Veterans Administration (VA) customers are billed monthly. Generally collections occur within 45 to 60 days. Due to the recent governmental shutdown, the current lead time for payments is approximately 90 days. Upon final rejection of any resubmitted claims, the claims are resubmitted and after twelve months the receivables are written off to bad debt expense.

Our medical products and technologies accounts receivable are generally due from Medicare, Medicaid, private insurance companies, and our private patients. Accounts receivable are reported net of allowances for contractual adjustments and uncollectible accounts. The collection process is time consuming, complex and typically involves the submission of claims to multiple layers of payers whose payment of claims may be contingent upon the payment of another payer. As a result, our collection efforts may be active for up to 18 to 24 months from the initial billing date. In accordance with regulatory requirements, we make reasonable and appropriate efforts to collect our accounts receivable, including deductible and co-payment amounts, in a manner consistent for all classes of payers.

INVENTORY

Inventories are stated at costs and are held on a first-in, first-out basis. Our inventory in our medical device segment consists primarily of miscellaneous parts. Our inventory in our medical products and technologies segment consists of masks, CPAP machines, BiPAP machines and other necessary breathing equipment.

PROPERTY AND EQUIPMENT

Property and equipment is recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the related assets as follows:

Furniture and fixtures	5 to 10 years
Computer equipment	5 years
Equipment	5 to 10 years
Software	3 to 5 years

The cost of maintenance and repairs is charged to expense in the period incurred. Expenditures that increase the useful lives of assets are capitalized and depreciated over the remaining useful lives of the assets. When items are retired or disposed of, the cost and accumulated depreciation are removed from the accounts and any gain or loss is included in income.

LONG-LIVED ASSETS

     ASC 360 – Property, Plant and Equipment addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of property and equipment or whether the remaining balance of property and equipment, or other long-lived assets, should be evaluated for possible impairment. Instances that may lead to an impairment include: (i) a significant decrease in the market price of a long-lived asset group; (ii) a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition; (iii) a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset or asset group, including an adverse action or assessment by a regulatory agency; (iv) an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset or asset group; (v) a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group; or (vi) a current expectation that, more likely than not, a long-lived asset or asset group will be sold or otherwise disposed of significantly before the end of its previously estimated useful life.

An estimate of the related undiscounted cash flows, excluding interest, over the remaining life of the property and equipment and long-lived assets is used in assessing recoverability. Impairment loss is measured by the amount which the carrying amount of the asset(s) exceeds the fair value of the asset(s). The Company primarily employs two methodologies for determining the fair value of a long-lived asset: (i) the amount at which the asset could be bought or sold in a current transaction between willing parties or (ii) the present value of estimated expected future cash flows grouped at the lowest level for which there are identifiable independent cash flows.

GOODWILL AND OTHER INTANGIBLE ASSETS

The Company adopted Accounting Standards Update 2011-08 “Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”) in the fourth quarter of fiscal 2014 due to its recent acquisition of Dotolo Research Corporation and Angels of Mercy, Inc. ASU 2011-08 permits an entity to first assess qualitative factors to determine whether it is more likely that not that the fair value of a reporting unit is less than its carrying amount.

Goodwill represents the excess of the cost of a business combination over the fair value of the net assets acquired and these costs are subject to annual impairment tests.

We accounted for the acquisition of Dotolo, Amian and Esteemcare using the acquisition method of accounting under ASC 805 and ASC 810-10-65. The purchase price was allocated first to identifiable current then fixed assets as well as liabilities assumed. We then earmarked identifiable intangibles, with the remainder to goodwill. We identified patents as our identifiable asset for Dotolo Research Corporation. Amounts allocated to Goodwill for the acquisition of Dotolo are based on expanding our product into the medical market and the potential upside of the sale with a FDA medical device product with a reimbursement code. Dotolo is one of four companies worldwide with this FSA approved medical device product. Amounts allocated to goodwill for Amian and Esteemcare are based on increased clients and future revenues.

The Company evaluates the recoverability of its indefinite lived intangible assets, which consist of Dotolo, Amian and Esteemcare, based on estimates of future royalty payments that are avoided through its ownership of the intangibles and patents, discounted to their present value. In determining the estimated fair value of the intangibles and patents, management considers current and projected future levels of revenue based on its plans for Dotolo, business trends, prospects and market and economic conditions. See Note 4 – Acquisitions for further information on the acquisition of Dotolo.

We follow the two step process in ASC 350-20-35 for impairment testing. In the first step we compare the fair value of the reporting unit as a whole to its carrying value, including goodwill. For both reporting units, we have determined that the reporting units’ fair value exceeds its carrying value. We also compare the carrying value of goodwill by itself for both reporting units.

The following explains the results of our impairment testing. We have allocated $564,075 of goodwill to the Angels of Mercy, Inc. reporting unit. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 39%. We have allocated $1,217,704 of goodwill to the reporting unit Dotolo Research Corporation. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 26%. We have allocated $622,610  of goodwill the Esteemcare reporting unit. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 51% . In calculating the valuation, we used a discounted cash flow method based on the future 5 years cash flows of each reporting unit. We used a discount rate of 8% which is currently higher that the current long term interest rate. An increase in the overall national interest rate could have a negative impact on our valuation. An additional risk is the possibility of cash flow projections falling short of our 5 year estimate amount.

ADVERTISING COSTS

Advertising costs included with selling, general and administrative expenses in the accompanying consolidated statements of operations were minimal for the three months ended November 30, 2014 and 2013. Such costs are expensed as incurred.

INCOME TAXES

The Company adopted the provisions of FASB ASC 740 - Income Taxes provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Income taxes are determined using the asset and liability method. This method gives consideration to the future tax consequences associated with temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued expenses, and notes payable approximate fair value.

STOCK-BASED COMPENSATION

The Company has a stock-based compensation plan, which is described more fully in Note 12. The Company accounts for stock-based compensation in accordance with ASC 718. Under the fair value recognition provisions of this statement, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the vesting period. The Company estimates the fair value of stock options granted using the Black-Scholes option valuation model. The fair value of all awards is amortized on a straight-line basis over the vesting periods. The expected term of awards granted represent the period of time they are expected to be outstanding. The Company determines the expected term based on historical experience with similar awards, giving consideration to the contractual terms and vesting schedules. The Company estimates the expected volatility of its common stock at the date of grant based on the historical volatility of its common stock. The risk-free interest rate is based on the U.S. treasury security rate estimated for the expected life of the options at the date of grant. If actual results differ significantly from estimates, stock-based compensation could be impacted.

INVENTORY FINANCING AGREEMENTS

Our inventory finance agreements consist of qualified for-sale equipment purchases. Qualifying inventory purchases are grouped into a 12 month finance agreements allowing the company to spread the payments for this inventory over a twelve month period. All inventory finance agreements are interest free and consist of only minor fees for setup.

CONVERTIBLE DEBT

Interest on convertible debt is calculated using the simple interest method. The company recognizes a beneficial conversion feature to the extent the conversion price is less than the closing stock price on the issuance of the convertible notes. The Company also follows ASC 470-50 and ASC 470-20 regarding changes in the terms of the convertible notes and the induced conversion of its convertible debt.

RECLASSIFICATIONS

Certain prior year amounts have been reclassified to conform to the current year presentation.

STOCK INCENTIVE PLANS

Share based payment compensation costs for equity-based awards are measured on the grant date based on the fair value of the award on that date and is recognized over the required service period. The fair-value of stock option awards are estimated using the Black-Scholes model. Fair value of restricted stock awards is based upon the quoted market price of the common stock on the date of grant.

NET LOSS PER COMMON SHARE

Basic earnings (loss) per share is calculated under the provisions of ASC 260 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is calculated by dividing income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated based on the weighted average number of common shares outstanding during the period plus the dilutive effect of common stock purchase warrants and stock options using the treasury stock method and the dilutive effects of convertible notes payable and convertible preferred stock using the if-converted method. On Basic and diluted earnings per share for the three months ended November 30, 2014 and 2013 are as follows:

	For the Three Months Ended
	November 30,			November 30,
	2014			2013
Net gain (loss) attributable to common shareholders
Continuing operations	$	(443,288	)	$	(285,357	)
Discontinued operations		—			95,528
	$	(443,288	)	$	(189,829	)
Weighted average shares outstanding		133,488,493			79,307,202
Loss per common shares, basis and diluted
Continuing operations	$	(0.00	)	$	(0.00	)
Discontinued operations		—			0.00
	$	(0.00	)	$	(0.00	)

Due to the net losses during the three months ended November 30, 2014 and 2013, basic and diluted loss per share was the same, as the effect of potentially dilutive securities would have been anti-dilutive. Shares attributable to convertible notes, stock options, preferred stock and warrants not included the diluted loss per share calculation. Below lists all dilutive securities as of November 30, 2014 and 2013:

	As of
	November 30,	November 30,
	2014	2013
	Underlying	Underlying
Description	Common Shares	Common Shares
Convertible preferred stock	78,564	5,828,531
Convertible notes payable	133,670,880	6,728,418
Options	6,173,750	147,500
Warrants	30,583,333	11,500,000
Total potentially dilutive securities	170,506,527	24,204,449

SEGMENT INFORMATION

ASC 280-10 defines operating segments as components of a company about which separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer and Chief Financial Officer in deciding how to allocate resources and in assessing performance. The Company currently has three business segments; medical device manufacturing, personal care services and medical products and technologies.

RECENT ACCOUNTING PRONOUNCEMENTS

We have evaluated all Accounting Standards Updates through the date the financial statements were issued and do not believe any will have a material impact.

New Accounting Standard

In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2012-02 “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (“ASU 2012-02”). ASU 2012-02 permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Under the amendments in ASU 2012-02, an entity is not required to calculate the fair value of an indefinite-lived intangible asset unless it determines that it is more likely than not that the fair value of the asset is less than its carrying amount. An entity also will have the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for interim and annual indefinite-lived intangible asset impairment tests performed for fiscal years beginning on or after September 15, 2012, with early adoption permitted. The Company’s adoption of ASU 2012-02 is not expected to have an impact on its consolidated financial statements.

XML

Consolidated Balance Sheets (Parenthetical) (USD $)	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2013
Allowance for doubtful accounts receivable	$ 71,000	$ 9,000
Property and equipment, accumulated depreciation	31,378	28,264
Patents and registrations,net of, amortization	99,515
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	154,450,376	134,600,152
Common stock, shares outstanding	154,450,376	134,600,152
Common stock suscribed	0	1,058,201
Convertible Notes Payable [Member]
Notes payable, discount	56,329	99,491
Notes Payable [Member]
Notes payable, discount	$ 8,613		$ 18,596
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	129,062	129,062
Preferred stock, shares outstanding	129,062	129,062
Series D Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	78,564	78,564
Preferred stock, shares outstanding	78,564	78,564

XML

Stockholders' Equity

3 Months Ended

Nov. 30, 2014

Equity [Abstract]

Stockholders' Equity

NOTE 12 — STOCKHOLDERS EQUITY

PREFERRED STOCK:

Series A Convertible Preferred Stock.

The Company is authorized to issue up to 10,000,000 shares of preferred stock, in one or more series, and to determine the price, rights, preferences and privileges of the shares of each such series without any further vote or action by the stockholders. The rights of the holders of common stock will be subject to, and may be adversely affected by, the rights of the holders of any shares of preferred stock that may be issued in the future.  

In January 2003, our Board of Directors authorized up to 4,500,000 shares of Series A Convertible Preferred Stock.  Each share of Series A Convertible Preferred stock has a par value of $0.001 and is convertible into one-half share of common stock in upon a cash payment by the holder to the Company of $0.40 per common share.  The Series A Convertible Preferred Stock is entitled to receive, in preference to the common stock, of noncumulative dividends, if declared by the Board of Directors, and a claim on the Company's assets upon any liquidation of the Company senior to the common stock.  These preferred shares are not entitled to voting rights. There are presently outstanding 129,062 shares of Series A Preferred Stock.

On March 30, 2003, the Company completed the private placement of Units pursuant to the terms of a Unit Purchase Agreement (the “Units”) with accredited investors. Each Unit consists of the following underlying securities: (i) three shares of the Company’s common stock; (ii) one share of Series A Convertible Preferred Stock, par value $.001 per share; and (iii) one three-year warrant to purchase one share of common stock at a per share price of $0.30. The warrants expired on March 31, 2006. Each share of Series A Convertible Preferred Stock is convertible into one half share of the Company’s common stock in exchange for $0.40 per common share ($.20 for each Series A Convertible Preferred share converted). The securities underlying the Units are not to be separately tradable or transferable apart from the Units until such time as determined by the Company’s Board of Directors. A total of 4,032,743 Units were issued. As of August 31, 2014 and August 31, 2013, there were 129,062 and 129,062 Units outstanding that had not been separated, respectively. These units are presented as their underlying securities on our balance sheet and consist of 64,531 shares of Series A Preferred Stock and 96,797 shares of common stock which is included in the issued and outstanding shares.

Below is a table detailing the outstanding Series A Convertible Preferred Stock shares outstanding during the last two fiscal years:

	Preferred	Number of				Weighted Avg.
	Shares	Common Shares		Proceeds if		Per Common Sh.
	Outstanding	Convertible		Converted		Exercise Price
Outstanding, August 31, 2013	129,062	64,531	$	25,812	$	0.40
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	0.40
Issued	—	—		—	$	—
Outstanding, August 31, 2014	129,062	64,531	$	25,812	$	0.40
Expired/Retired	—	—		—	$	0.40
Converted	—	—		—	$	—
Issued	—	—		—	$	—
Outstanding, November 30, 2014	129,062	64,531	$	25,812	$	0.40

Series D Convertible Preferred Stock

In March 2013, our Board of Directors authorized up to 60,000 shares of Series D Convertible Preferred Stock. Each share of Series D Convertible stock has a par value of $0.001 and is convertible into 1,000 shares of common stock beginning after March 1, 2014. Each share of Series D Convertible Preferred Stock has a stated liquidation value of $80.25. Each shares of Series D Convertible Preferred Stock shall have voting rights as stated below:

March 1, 2013 to February 28, 2014, 400 votes per share;

March 1, 2014 to February 28, 2015, 800 votes per share;

March 1, 2015 to February 28, 2016, 1,200 votes per share;

March 1, 2016 to February 28, 2017, 1,600 votes per share;

March 1, 2017 and after, 2,000 votes per share;

On March 22, 2013, the Company issued 58,564 shares of Series D Convertible Preferred Stock to acquire 100% of the outstanding common stock of Dotolo. On March 22, 2013 the issued shares had a fair market value of $585,640 based on the fair market value of the underlying common stock shares.

On January 3, 2014, as payment for $150,000 of banking fees associated with our $4 million line of credit, we issued 20,000 shares of Series D Convertible Preferred Stock.

Below is a table detailing the outstanding Series D Convertible Preferred Stock shares outstanding during the last two fiscal years:

	Preferred	Number of				Weighted Avg.
	Shares	Common Shares		Proceeds if		Per Common Sh.
	Outstanding	Convertible		Converted		Exercise Price
Outstanding, August 31, 2013	58,564	58,564,000	$	—	$	80.25
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	—
Issued	20,000	20,000,000		—	$	80.25
Outstanding, August 31, 2014	78,564	78,564,000	$	—	$	—
Expired/Retired	—	—		—	$	—
Converted	—	—		—	$	—
Issued	—	—		—	$	—
Outstanding, November 30, 2014	78,564	78,564,000	$	—	$	80.25

SUBSCRIBED COMMON STOCK:

Below is a table detailing the Common Stock Subscribed during the last two fiscal years:

For the period Ended November 30, 2014
	Shares		Amount
Shares issuable upon conversion of convertible notes payable	-		$-
Total subscribed stock	-		$-
For the period Ended August 31, 2014
		Shares		Amount
Shares issuable upon conversion of convertible notes payable		1,058,201	$	5,000
Total subscribed stock		1,058,201	$	5,000

COMMON STOCK:

On March 7, 2014, the Company increased its authorized shares of common stock to 750,000,000. The increase was approved by a majority of the Company’s shareholders on January 27, 2014.

Below are recent sales of unregistered securities:

Date	Securities		Underwriters/
Sold	Sold	Consideration	Purchasers *	Notes
9/12/2013	1,000,000	$                     -	Vendor	The Company issued 1,000,000 S-8 shares to a vendor for consulting work.  The Company recorded an expense of $11,500 upon the issuance of those shares.
9/12/2013	1,500,000	$             10,000	Accredited Investor	The Company sold 1,500,000 shares of common stock to an affiliated accredited investor at $0.00667 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
10/3/2013	4,000,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $15,620 in principal and interest into 4,000,000 shares of common stock at $0.00391 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
12/3/2013	1,891,123	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $9,380 in principal and interest into 1,891,123 shares of common stock at $0.00496 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/3/2014	2,000,000	$                     -	Vendor	The company issued 2,000,000 shares of common stock as consideration for services.  The company recorded an expense of $22,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/13/2014	3,076,923	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $20,000 in principal and interest into 3,076,923 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/14/2014	1,000,000	$                     -	Vendor	The company issued 1,000,000 shares of common stock as consideration for services.  The company recorded an expense of $19,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/15/2014	117,436	$                     -	Accredited Investor	Additional reset shares were issued to a non-affiliated accredited investor in connection with the prior conversion of $9,380 in principal and interest into 117,436 shares of common stock.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	3,500,000	$                     -	Accredited Investor	The company issued 3,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $45,500 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
1/21/2014	1,500,000	$                     -	Accredited Investor	The company issued 1,500,000 shares of common stock as consideration for  fees.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.

1/31/2014	3,472,222	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 3,472,222 shares of common stock at $0.0072 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/7/2014	1,000,000	$                     -	Accredited Investor	The company issued 1,000,000 shares of common stock as consideration for  fees.  The company recorded an expense of $9,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
2/24/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
3/12/2014	4,615,385	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $30,000 in principal and interest into 4,615,385 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	2,936,314	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $19,086 in principal and interest into 2,936,314 shares of common stock at $0.0065 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
4/7/2014	5,383,007	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $17,764 in principal and interest into 5,383,007 shares of common stock at $0.0033 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/2/2014	5,000,000	$                     -	Accredited Investor	The company issued 5,000,000 shares of common stock as consideration for services.  The company recorded an expense of $30,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
6/25/2014	5,138,746	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $25,000 in principal and interest into 5,138,746 shares of common stock at $0.004865 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/14/2014	2,500,000	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $11,000 in principal and interest into 2,500,000 shares of common stock at $0.0044 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
7/24/2014	1,149,425	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,149,425 shares of common stock at $0.00435 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/1/2014	3,416,764	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $8,456 in principal and interest into 3,416,764 shares of common stock at $0.002475 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
8/26/2014	1,200,000	$                     -	Accredited Investor	The Company sold 1,200,000 shares of common stock to an affiliated accredited investor at $0.00833 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act
9/10/2014	1,058,201	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,058,201 shares of common stock at $0.004725 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.

10/28/2014	1,473,622	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,473,622 shares of common stock at $0.003383 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/3/2014	1,508,296	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,508,296 shares of common stock at $0.003315 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/10/2014	1,724,733	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $5,000 in principal and interest into 1,724,733 shares of common stock at $0.002899 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/12/2014	6,000,000	$                     -	Vendor	The company issued 6,000,000 shares of common stock as consideration for services.  The company recorded an expense of $24,000 in connection with this issuance.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/24/2014	2,380,952	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $7,000 in principal and interest into 2,380,952 shares of common stock at $0.00294 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	3,577,818	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $10,000 in principal and interest into 3,577,818 shares of common stock at $0.002795 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
11/28/2014	2,126,602	$                     -	Accredited Investor	A non-affiliated accredited investor converted a promissory note in the amount of $4,219 in principal and interest into 2,126,602 shares of common stock at $0.001984 per share.  These shares were exempt from registration under Section 4(2) of the Securities Act.
	79,862,954	$             10,000
*  There were no underwriters associated with any of our Sales of Unregistered Securities.

 NON-CONTROLLING INTEREST

On February 27, 2009, in connection with the Technology Agreement we entered into with Institut für Umwelttechnologien GmbH, a German Company (“IUT”) whereunder the parties have agreed that the Company’s marketing rights have been transferred to its subsidiary, Oncologix Corporation and have issued IUTM 10% of the equity ownership of that subsidiary. As of February 27, 2009, the value of the non-controlling interest was $212. It was determined at August 31, 2010 the value of the investment in IUTM was impaired. Accordingly, we recorded an impairment loss in the amount of $3,186 for the year ended August 31, 2010. As of November 30, 2014, as a result of the disposition of Oncologix Corporation, we do not have to recognize a non-controlling interest.

WARRANTS:

The following table summarizes warrant activity in fiscal 2015 and 2014:

		Weighted Avg.
	Number	Exercise Price
Outstanding, August 31, 2013	7,000,000	0.012
Expired/Retired	—	—
Exercised	—	—
Issued	23,583,333	0.011
Outstanding, August 31, 2014	30,583,333	—
Expired/Retired	—	—
Exercised	—	—
Issued	—	—
Outstanding, November 30, 2014	30,583,333	0.011

The fair value of warrants granted is estimated using the Black-Scholes option pricing model. This model utilizes the following factors to calculate the fair value of options granted: (i) annual dividend yield, (ii) weighted-average expected life, (iii) risk-free interest rate and (iv) expected volatility. The warrants were expensed and accounted for under ASC 718.

The fair value for these warrants was estimated as of the date of grant using a Black-Scholes option-pricing model with the following assumptions:

	For the Three Months Ended November 30,
	2014	2013
Volatility	-	329% - 380%
Risk free rate	0.00%	0.25%
Expected dividends	None	None
Expected term (in years)	-	3 Years

Details relative to the 30,583,333 immediately exercisable outstanding warrants at November 30, 2014 are as follows:

		Weighted
		Average
Date of	Number	Exercise	Remaining	Expiration
Grant	of Shares	Price	Exercise Life	Date
Outstanding, August 31, 2013	7,000,000
First quarter of fiscal 2014	4,500,000	$     0.012	3 years	November 2017
Second quarter of fiscal 2014	5,500,000	$     0.017	2 to 3 years	Dec 2015 to Dec 2016
Third quarter of fiscal 2014	9,583,333	$     0.012	5 years	May 2019
Fourth quarter of fiscal 2014	4,000,000	$     0.007	2 years	August 2016
Outstanding, August 31, 2014	30,583,333
First quarter of fiscal 2014	-	$          -	-
Outstanding, November 30, 2014	30,583,333

On August 1, 2013, the company issued 1,000,000 four-year cashless warrants as additional consideration for the acquisition of Amian Angels. These warrants expire four years after the date of issuance and have an exercise price of $.015.

On August 5, 2013, the company issued 6,000,000 three-year cashless warrants, to a related party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.012.

On September 11, 2013, the company issued 1,500,000 three-year cashless warrants, to a related party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.015.

On November 8, 2013, the company issued 3,000,000 three-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.01.

On December 3, 2014, the company issued 1,000,000 three-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire three years after the date of issuance and have an exercise price of $.025.

On December 20, 2014, the company issued 3,000,000 two-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire two years after the date of issuance and have an exercise price of $.016.

On February 7, 2014, the company issued 1,000,000 two-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire two years after the date of issuance and have an exercise price of $.015.

On May 21, 2014, the company issued 9,583,333 five-year cashless warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire five years after the date of issuance and have an exercise price of $.009.

On August 15, 2014, the company issued 4,000,000 two-year warrants, to an unrelated party, as finder’s fees related to a working capital investment. These warrants expire two years after the date of issuance and have an exercise price of $.0065.

The remaining contractual life of warrants outstanding as of November 30, 2014 was 2.55 years. Warrants for the purchase of 30,583,333 and 11,500,000 shares were immediately exercisable on November 30, 2014 and 2013, respectively with a weighted-average price of $0.011 and $0.012 per share, respectively.

STOCK OPTIONS:

ASC 718 requires the estimation of forfeitures when recognizing compensation expense and that this estimate of forfeitures be adjusted over the requisite service period should actual forfeitures differ from such estimates. Changes in estimated forfeitures are recognized through a cumulative adjustment, which is recognized in the period of change and which impacts the amount of unamortized compensation expense to be recognized in future periods.

ASC 718 requires that modification of the terms or conditions of an equity award is to be treated as an exchange of the original award for a new award. This event is accounted for as if the entity repurchases the original instrument by issuing a new instrument of equal or greater value, incurring additional compensation cost for any incremental value.

2000 Stock Incentive Plan

The Company is authorized to issue up to 7,500,000 shares of common stock under its 2000 Stock Incentive Plan. Shares may be issued as incentive stock options, non-statutory stock options, deferred shares or restricted shares. Options are granted at the fair market value of the common stock on the date of the grant and have terms of up to ten years. The 2000 Stock Incentive Plan also provides for an annual grant of options to members of our Board of Directors. For fiscal years ended August 31, 2008 through 2012, our Board of Directors elected to waive the grant of these annual options.

On December 13, 2013, the Board of directors authorized the granting of 6,100,000 options to its three officers; 2,400,000 options to Wayne Erwin, our CEO; 2,100,000 options to Michael Kramarz, our CFO; and 1,600,000 options to Vickie Hart, President of Amian Angels. These options vest immediately and have an exercise price $.015, the closing stock price on December 13, 2013.

On December 20, 2014, the Company issued 20,000 options as part of its annual grant program to its two directors. These options vest in 1 year and have an exercise price of $.016, the closing stock price on December 20, 2013.

We have 473,253 shares of common stock available for future issuance under our 2000 Stock Incentive Plan as of November 30, 2014. This plan has been approved by our shareholders.

During the three months years ended November 30, 2014 and 2013, we granted nil and nil options from the stock incentive plan described above, respectively. During the three months ended November 30, 2014 and 2013, nil and nil options were exercised, respectively. During the three months ended November 30, 2014 and 2013, nil and 69,585 options expired, respectively. During the three months ended November 30, 2014 and 2013, $0 and $0 was expensed as stock based compensation, respectively.

			Weighted Average
	Number of	Option Price	Exercise Price
	Options Granted	Per Share	Per Share
Outstanding, August 31, 2013	217,085	$0.12 - $2.00	$	1,120.000
Granted	6,120,000	$0.015 - $0.016	$	0.020
Exercised	-	-	$	-
Cancelled	(163,335)	$1.04 - $2.00	$	1.380
Outstanding, August 31, 2014	6,173,750	$0.12 - $2.00	$	0.016
Granted	-	$                    -	$	-
Exercised	-	-	$	-
Cancelled	-	$0.00	$	-
Outstanding, November 30, 2014	6,173,750	$0.12 - $2.00	$	0.016

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between our closing stock price on the last trading day of the first quarter of fiscal 2015 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on November 30, 2014.

Expected volatility is based primarily on historical volatility. Historical volatility is computed using weekly average pricing observations for an applicable historic period. We believe this method produces an estimate that is representative of our expectations of the future volatility over the expected term of our options. We currently have no reason to believe future volatility over the expected life of these options is likely to differ materially from historical volatility. The weighted-average expected life is based upon share option exercises, pre and post vesting terminations and share option term expirations. The risk-free interest rate is based on the U.S. treasury security rate estimated for the expected life of the options at the date of grant.

The remaining contractual life of options outstanding as of November 30, 2014 was 8.98years. Options for the purchase of 6,173,750 and 147,500 shares were immediately exercisable on November 30, 2014 and 2013, respectively with a weighted-average price of $0.016 and $0.016 per share, respectively.

	Options		Options
	Outstanding		Exercisable
Number of options		6,173,750		6,173,750
Aggregate intrinsic value of options	$	-	$	-
Weighted average remaining contractual term (years)		8.98		8.98
Weighted average exercise price	$	0.016	$	0.016

2013 Omnibus Incentive Plan

The Company is authorized to issue up to 10,000,000 shares of common stock under its 2013 Omnibus Incentive Plan to employees, officers, directors and consultants. The issuance adoption of this plan has been approved by the Company’s Board of Directors on May 20, 2013 and was approved by our shareholders on January 27, 2014. Any options are granted at the fair market value of the common stock on the date of the grant and have terms of up to ten years. Under the 2013 Omnibus Incentive Plan the price of the granted common stock options are equal to the fair market value of such shares on the date of grant.

On September 11, 2013, we issued 1,000,000 S-8 shares to a consultant in payment for investor relations work for the Company. On January 3, 2014, we issued 1,000,000 S-8 shares to a consultant in payment for services to be provided for the Company. On November 15, 2014 we issued 1,000,000 S-8 shares to a consultant in payment for investor relations work for the Company. We have 7,000,000 shares of common stock available for future issuance under our 2013 Omnibus Incentive Plan as of November 30, 2014.

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Document and Entity Information	3 Months Ended
	Nov. 30, 2014	Jan. 02, 2015
Underlying Series A preferred stock
Entity Registrant Name	Oncologix Tech Inc.
Entity Central Index Key	0000799694
Document Type	10-Q
Document Period End Date	Nov. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		169,780,297
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

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Related Party Transactions

3 Months Ended

Nov. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 13 - RELATED PARTY TRANSACTIONS AND CONTINGENCIES:

FINANCING WITH RELATED PARTIES:

During the three months ended November 30, 2014 and 2013, the Company entered into financing agreements with related parties of the Company. Please see Note 11 – Notes Payable for further descriptions of these transactions.

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Commitments and Contingencies (Details Narrative) (USD $)	12 Months Ended
	Aug. 31, 2014
Service Agreement #1 [Member]
Service Agreement	$ 60,000
Share issued	5,000,000
Service Agreement #2 [Member]
Service Agreement	$ 30,000
Share issued	3,000,000

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Statements of Operations (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Income Statement [Abstract]
Revenues	$ 1,161,874	$ 724,632
Cost of revenues	861,031	494,555
Gross profit	300,843	230,077
Operating expenses:
General and administrative	454,323	277,360
Research and development expense	10,000
Depreciation and amortization	4,645	5,452
Total operating expenses	468,968	282,812
Loss from operations	(168,125)	(52,735)
Other income (expense):
Acquisition costs
Interest and finance charges	(270,841)	(151,003)
Interest and finance charges - related parties	(783)	(16,491)
Loss on conversion of notes payable - related parties		(36,380)
Loss on disposal of assets		(28,748)
Other income (expenses)	(3,539)
Total other income (expense)	(275,163)	(232,622)
Loss from continuing operations	(443,288)	(285,357)
Discontinued operations
Operating loss from discontinued operations		(36)
Gain on disposal of discontinued operations		95,564
Gain from discontinued operations		95,528
Less loss attributable to noncontrolling interest
Net gain from discontinued operations		95,528
Net loss before income taxes	(443,288)	(189,829)
Income taxes
Net loss attributable to common shareholders	$ (443,288)	$ (189,829)
Gain (loss) per common share, basic and diluted:
Continuing operations	$ 0.00	$ 0.00
Discontinued operations		$ 0.00
Common share, basic and diluted	$ 0.00	$ 0.00
Weighted average number of shares outstanding - basic and diluted	133,488,493	79,307,202

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Property and Equipment

3 Months Ended

Nov. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 7 - PROPERTY AND EQUIPMENT

Property and equipment is composed of the following at November 30, 2014 and August 31, 2014

	November 30,			August 31,
	2014			2014
Furniture	$	14,118		$	12,688
Office Equipment		12,962			12,962
Computers		23,897			22,321
Software		3,497			3,497
Leasehold improvements		—			—
Equipment		17,623			16,763
Total property and equipment at cost		72,097			68,231
Less: accumulated depreciation and amortization		(31,378	)		(28,264	)
	$	40,719		$	39,967

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Inventory

3 Months Ended

Nov. 30, 2014

Inventory Disclosure [Abstract]

Inventory

NOTE 6 – INVENTORY

We have inventory, on hand in the amounts of $137,436  and $31,271 as of November 30, 2014 and 2013, respectively. Our inventory as of November 30, 2013 relates to our medical device manufacturing segment. Inventories at November 30, 2014 also included $106,165  related to our medical products and technologies division. Our inventory in our medical device segment consists primarily of miscellaneous parts. Our inventory in our medical products and technologies segment consists primarily of disposable products such as masks, oxygen tubing, and other breathing equipment. We also hold minor amounts of CPAP machines and BiPAP machines. Our machine purchases are generally set up on a Just-in-time order system. We do not maintain any inventory for our personal service care segment or our medical products division. We are currently redesigning our Toxygen hardware system and disposable products to take our Toxygen product into new markets. Currently, inventory on hand is made up of miscellaneous Toxygen hardware parts.

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Statement of Cash Flows

3 Months Ended

Nov. 30, 2014

Supplemental Cash Flow Elements [Abstract]

Statement of Cash Flows

NOTE 18 – STATEMENT OF CASH FLOWS

For the year ended November 30, 2014, these supplemental non-cash investing and financing activities are summarized as follows:

		Amount
On November 15, 2014, the Company issued 1,000,000 S-8 shares of common stock in payment for a investor relations consulting contract.		4,000
On November 15, 2014, the Company issued 5,000,000 shares of common stock in payment for a investor relations consulting contract.		20,000
On November 17, 2014, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $10,545 related to that transaction.		10,545
On November 17, 2014, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $10,545 related to that transaction.		10,545
Total non-cash transactions from investing and financing activities.	$	45,090

For the three months ended November 30, 2013, these supplemental non-cash investing and financing activities are summarized as follows:

		Amount
On September 11, 2013, the Company issued 1,500,000 warrants to an affiliated party for additional compensation related to an operating capital investment.  The value of these warrants was expensed as interest and finance charges.	$	15,656
On September 11, 2013, the Company issued 1,000,000 S-8 shares of common stock in payment for a investor relations consulting contract.		11,500
On October 2, 2013, the Company issued a $25,000 convertible promissory note to a non-related party.  We recorded a beneficial conversion feature the in amount of $25,000 related to that transaction.		25,000
On October 3, 2013, the Company recorded a loss on conversion of a convertible promissory note in the amount of $15,620.		15,620
On November 5, 2013 and November 8, 2013, the Company issued a total of 3,000,000 warrants to a non-related party as additional compensation for an operating capital investment.		57,703
Total non-cash transactions from investing and financing activities.	$	125,479

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Business Segments

3 Months Ended

Nov. 30, 2014

Segment Reporting [Abstract]

Business Segments

NOTE 14 – BUSINESS SEGMENTS

We identify our reportable segments based on our management structure, financial data and market. We have identified three business segments: Personal Care Services and Medical Device Manufacturing and Medical Products & Technologies

Our Personal Care Service segment consists of the services of Angels of Mercy, Inc. This segment provides non-medical, Personal Care Attendant (PCA) services, Supervised Independent Living (SIL), Long-Term Senior Care, and other approved programs performed by a trained caregiver that will meet the health service needs of beneficiaries whose disabilities preclude the performance of certain independent living skills related to the activities of daily living (ADL).

Our Medical Device Manufacturing segment consists of the products of Dotolo Research Corporation. This segment designs, develops, manufactures and distributes the Toxygen hardware system with disposable speculums and medical grade tubing.

Our Medical Products and Technologies segment will consist of the products of Advanced Medical Products and Technologies, Esteemcare Inc. and Affordable Medical Inventory Solutions Inc. and future acquisitions.

The accounting policies of the segments are the same as those described, or referred to, in Note 2 - Summary of Significant Accounting Policies. Assets and related depreciation expense in the column labeled “Corporate Overhead” pertain to capital assets maintained at the corporate level. Segment loss from operations in the “Corporate Overhead” column contains corporate related expenses not allocable to the operating segments. Intercompany transactions between operating segments were immaterial in all periods presented.

Below are the segment assets as of November 30, 2014.

	As of November 30, 2014
		Personal Care		Medical Device		Med. Products		Corporate
		Segment		Segment		Segment		Overhead		Totals
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents		$	22,157	$	80	$	36,742	$	18,382	$	77,361
Accounts receivable (net)			213,542		—	$	623,491		—		837,033
Inventory			—		31,271	$	106,165		—		137,436
Prepaid expenses and other current assets			—		—	$	2,487		29,868		32,355
Prepaid commissions and finders' fees			—		—		256		1,504		1,760
Total current assets			235,699		31,351		769,141		49,754		1,085,945
Property and equipment (net)			20,131		17,001		2,884		703		40,719
Deposits and other assets			2,233		24,803		9,316		—		36,352
Goodwill			564,075		1,217,704		622,610		—		2,404,389
Patents, registrations (net of amortization)			—		22,965		—		—		22,965
Total assets		$	822,138	$	1,313,824	$	1,403,951	$	50,457	$	3,590,370

Below are the segment assets as of August 31, 2014.

	As of August 31, 2014
		Personal Care		Medical Device			Med. Products		Corporate
		Segment		Segment			Segment		Overhead		Totals
ASSETS
Current Assets:
Cash and cash equivalents		$	9,336	$	(110	)	$	1,000	$	7,278	$	17,504
Accounts receivable (net)			213,399		—			—		—		213,399
Inventory			—		31,271			—		—		31,271
Prepaid expenses and other current assets			—		—			—		9,307		9,307
Prepaid commissions			—		—			—		3,152		3,152
Total current assets			222,735		31,161			1,000		19,737		274,633
Property and equipment (net)			21,287		17,893			—		787		39,967
Deposits and other assets			2,082		12,500			—		—		14,582
Goodwill			564,075		1,217,704			—		—		1,781,779
Patents, registrations (net of amortization)			—		24,497			—		—		24,497
Total assets		$	810,179	$	1,303,755		$	1,000	$	20,524	$	2,135,458

Below are the statements of operations for the reporting periods presented.

	For the Three Months Ended November 30, 2014
		Personal Care			Medical Device			Medical Products			Corporate
		Segment			Segment			Segment			Overhead			Totals
Revenues	$	909,972		$	—		$	251,902		$	—		$	1,161,874
Cost of revenues		747,685			10,934			102,412			—			861,031
Gross profit		162,287			(10,934	)		149,490			—			300,843
Operating expenses:
General and administrative		124,176			10,950			103,217			215,980			454,323
Research and development Expense		—			10,000			—			—			10,000
Depreciation and amortization		2,014			2,423			124			84			4,645
Total operating expenses		126,190			23,373			103,341			216,064			468,968
Loss from operations		36,097			(34,307	)		46,149			(216,064	)		(168,125	)
Other income (expense):
Interest and finance charges		(53,777	)		(2,250	)		(650	)		(214,164	)		(270,841	)
Interest and finance charges - related parties		—			(783	)		—			—			(783	)
Other income (expenses)		—			(3,539	)		—			—			(3,539	)
Total other income (expense)		(53,777	)		(6,572	)		(650	)		(214,164	)		(275,163	)
Loss from continuing operations	$	(17,680	)	$	(40,879	)	$	45,499		$	(430,228	)	$	(443,288	)

Below are the statements of operations for the reporting periods presented.

	For the Three Months Ended November 30, 2013
		Personal Care			Medical Device			Medical Products		Corporate
		Segment			Segment			Segment		Overhead			Totals
Revenues	$	724,632		$	—		$	—	$	—		$	724,632
Cost of revenues		482,388			12,167			—		—			494,555
Gross profit		242,244			(12,167	)		—		—			230,077
Operating expenses:
General and administrative		154,974			11,897			—		110,489			277,360
Depreciation and amortization		2,945			2,423			—		84			5,452
Total operating expenses		157,919			14,320			—		110,573			282,812
Loss from operations		84,325			(26,487	)		—		(110,573	)		(52,735	)
Other income (expense):
Interest and finance charges		(63,004	)		(3,483	)		—		(84,516	)		(151,003	)
Interest and finance charges - related parties		—			(783	)		—		(15,708	)		(16,491	)
Loss on conversion of notes payable - related parties		—			—			—		(36,380	)		(36,380	)
Loss on disposal of assets		(28,748	)		—			—		—			(28,748	)
Other income (expenses)		—			—			—		—			—
Total other income (expense)		(91,752	)		(4,266	)		—		(136,604	)		(232,622	)
Loss from continuing operations	$	(7,427	)	$	(30,753	)	$	—	$	(247,177	)	$	(285,357	)

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Inventory and Financing Agreement

3 Months Ended

Nov. 30, 2014

Debt Disclosure [Abstract]

Inventory and Financing Agreement

NOTE 10 – INVENTORY FINANCE AGREEMENTS

Our inventory finance agreements consist of qualified for-sale inventory purchases. These finance agreements are held solely by Esteemcare. Qualifying inventory purchases are grouped into a 12 month finance agreements allowing the company to spread the payments for this inventory over a twelve month period. This allows the company to collect payments for the purchases of that inventory over that time period as most insurance plans spread the purchase payments over a multi-month period, generally 10 to 13 months. All inventory finance agreements are interest free and consist of only minor fees for setup. Below is a listing of our outstanding inventory finance agreements as of November 30, 2014 and 2013 as well as the monthly payment on each agreement.

	As of November 30,
	2014		2013		Monthly Payment
Wells Fargo (013)	$	1,395	$	—	$	1,395
Wells Fargo (015)		7,873		—		7,873
LCA 4160		20,804		—		4,161
Wells Fargo (016)		12,499		—		2,083
Wells Fargo (017)		33,323		—		4,165
VGM (322)		59,467		—		5,947
Wells Fargo (018)		61,736		—		6,174
Outstanding leases	$	197,097	$	—	$	31,798

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Notes Payable - Other(Details Narrative 1) (USD $)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2015
Future minimum payments	$ 314,743	$ 87,623	$ 2,234,881

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Leases

3 Months Ended

Nov. 30, 2014

Leases [Abstract]

Leases

NOTE 8 – OFFICE LEASES

The Company leases office space in Alexandria and Lafayette Louisiana and in West Columbia and Charleston SC. Alexandria is a three year lease; Lafayette is a five year lease; West Columbia has one year remaining on its lease; and Charleston is a three year lease. On March 28, 2014, Dotolo Research moved from its current manufacturing location in Phoenix AZ into E&R Engineer manufacturing facilities located in Tempe, Az. Currently we hold our equipment in storage until a new facility is located. Rent expense for the three months ended November 30, 2014 and 2013 were $30,075 and $23,200, respectively. Following are the minimum lease payments:

2015	$	108,323
2016		126,424
2017		114,808
2018		42,448
Totals	$	392,003

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Goodwill, Patents and Other Intangible Assets

3 Months Ended

Nov. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Patents and Other Intangible Assets

NOTE 9 – GOODWILL, PATENTS AND OTHER INTANGIBLE ASSETS

We currently carry our patents and registrations net of amortization. As of November 30, 2014 and 2013, the Company has a capitalized cost of patents and registrations in the amount of $122,479 and accumulated amortization of 99,515. Our patents and registrations are amortized over a 20 year period. Amortization for each of the next 4 fiscal years, assuming no impairment, will be $6,124 per year.

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Notes Payable

3 Months Ended

Nov. 30, 2014

Payables and Accruals [Abstract]

Notes Payable

NOTE 11 — NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE:

Convertible notes payable consist of the following as of November 30, 2014 and 2013:

	November 30,		November 30,
	2014		2013
8.0% convertible note due February 2015	$	75,000	$	100,000
6.0% convertible note due September 2015		189,025		235,025
8.0% convertible note due December 2013		—		9,380
8.0% convertible note due October 2014 (net of discount)		—		4,041
12% convertible note due March 2015 (net of discount)		14,586
10% convertible note due February 2015 (net of discount)		74,726
12% convertible note due July 16, 2015 (net of discount)		9,947
8% convertible note due November 2015		7,831
8% convertible note due November 2015		14,831
Total unsecured convertible notes payable		385,946		348,446
Less:  Long-Term portion		—		—
Current portion	$	385,946	$	348,446

The following is a summary of future minimum payments on convertible notes payable as of November 30, 2014:

	Convertible
Fiscal Year Ending August 31,	Notes Payable
2015	$ 385,946

During May and June 2007, we issued nine Convertible Promissory Notes in an aggregate principal amount of $700,000. Eight of these notes we-+re converted into common stock in fiscal 2009. The remaining Convertible Promissory Note, in the principal amount of $125,000, was extended on January 28, 2010 initially to March 31, 2012, where the conversion rate was reduced to $.60, and then extended to September 30, 2013. In October 2013 and November 2014, the investor sold two $25,000 positions of principal in the note to another accredited investor and currently holds a note representing the remaining $75,000 in principal. The note has been extended to February 28, 2015. We are currently working with the investor to extend the note. As of November 30, 2014, the Company has accrued interest in the amount of $62,642.

On April 1, 2009, we issued to Ms. Lindstrom, our former Chief Executive Officer, a convertible promissory note in lieu of payment of $235,025 in accrued salary owed to Ms. Lindstrom. This note accrues interest at a rate of 6% per annum and was originally due on March 31, 2012. On March 16, 2012, Ms. Lindstrom agreed to extend the due date of the note to September 30, 2013. There was no beneficial conversion feature recognized upon the issuance of this note. An outside party has entered into an assignment and settlement agreement with Ms. Lindstrom to purchase the note. The note assignment is currently in default. During fiscal 2014, the Assignee has converted $46,000 of principal into 8,788,171 shares of stock reducing the current balance of the note to $189,025. As of November 30, 2014, the Company has accrued interest in the amount of $78,754.

On October 2, 2013, the Company entered into a securities transfer agreement with an accredited investor as well as a current convertible note holder. The agreement called for the accredited investor to purchase $25,000 of the current convertible note holder note. The Company issued to the accredited investor a convertible promissory note bearing interest at 8% and convertible at a 45% discount into shares of the Company’s common stock using a three-day average of the lowest closing bid prices for the twenty trading days immediately preceding the conversion date. On October 3, 2013, the investor converted $15,620 into 4,000,000 shares of the Company’s common stock at a rate of $.003905 per share. On December 3, 2013, the investor converted the remaining principal of $9,380 into 2,008,559 shares of the Company’s common stock at a rate of $0.00467 per share.

On October 2, 2013 we issued a convertible promissory note in the principal amount of $25,000. This promissory note bears interest at a rate of 8% per annum and is due on October 2, 2013. The note is convertible at a 45% discount of the average of the three lowest closing bid prices in the twenty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $25,000. On April 6, 2014 the holder elected to convert $17,074 in principal plus $690 in accrued interest into 5,383,007 shares of common stock at a conversion price of $.0033. In August 1, 2014 the remaining principal of $7,926 plus accrued interest of $530 was converted into 3,416,764 shares of common stock at a conversion rate of $.002475.

On March 19, 2014 we issued a convertible promissory note in the principal amount of $26,500 to an unrelated accredited investor. This promissory note bears interest at a rate of 12% per annum and is due on March 19, 2015. The note is convertible at a 38% discount of the lowest closing bid prices in the thirty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $26,500. During November 2014, the investor converted $4,000 of principal plus accrued interest of $219 into 2,126,602 shares of common stock. The current principal balance at November 30, 2014 is $22,500 . As of November 30, 2014, the Company has accrued interest in the amount of $1,266.

On April 8, 2014 we issued a convertible promissory note in the principal amount of $50,000 to an unrelated accredited investor. This promissory note bore interest at a rate of 12% per annum and is due on April 8, 2015. The note is convertible at a 35% discount of the average 4 lowest closing bid prices in the twenty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $50,000. This note was paid in full on October 2, 2014.

On April 25, 2014 we issued a convertible promissory note in the principal amount of $25,000 to an unrelated accredited investor. This promissory note bears interest at a rate of 12% per annum and is due on October 25, 2015. The note is convertible at a 35% discount of the average 4 lowest closing bid prices in the thirty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $25,000. During October and November 2014, the entire principal amount of $25,000 was converted into 8,284,469 shares of common stock. As of November 30, 2014, the Company has accrued interest in the amount of $1,646.

On May 21, 2014 we issued a convertible promissory note in the principal amount of $115,000 to an unrelated accredited investor. This promissory note bears interest at a rate of 10% per annum. This principal includes a 10% OID in the amount of $10,000, which is being amortized over the term of the note. The note is due in 4 equal installments beginning on the 180^th day after the execution of the note. The company may make the payments in common stock. The note is convertible at a $.009 per share. As additional consideration, the Company issued 9,583,333 5 year warrants with an exercise price of $.009. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $38,322 related to the issuance of the warrants. On November 23, 2014  the Company made a required principal payment of $28,750 plus accrued interest. The balance of this note as of November 30, 2014 is $86,250. As of November 30, 2014, the Company has accrued interest in the amount of $168.

On July 16, 2014 we issued a convertible promissory note in the principal amount of $26,500 to an unrelated accredited investor. This promissory note bears interest at a rate of 12% per annum and is due on July 26, 2015. The note is convertible at a 38% discount of the lowest closing bid prices in the thirty days preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $26,500. As of November 30, 2014, the Company has accrued interest in the amount of $796.

On November 17, 2014, the Company entered into a securities transfer agreement with an accredited investor as well as a current convertible note holder. The agreement called for the accredited investor to purchase $25,000 of the current convertible note holder note. The Company issued to the accredited investor a convertible promissory note bearing interest at 8% and convertible at a 30% discount into shares of the Company’s common stock using a five-day average of the lowest closing stock prices immediately preceding the conversion date. The Company recorded a beneficial conversion feature of $10,545. On November 21, 2014 the investor converted $7,000 of principal into 2,380,952 shares of the Company’s common stock. The principal balance of the note on November 30, 2014 was $18,000. As of November 30, 2014, the Company has accrued interest in the amount of $22.

On November 17, 2014 we issued a convertible promissory note in the principal amount of $25,000. This promissory note bears interest at a rate of 8% per annum and is due on October 2, 2013. The note is convertible at a 30% discount of the average of the five closing stock prices immediately preceding the date of conversion. At no time may the holder of the note convert the note into shares exceeding 4.99% of the Company’s then outstanding common stock shares. We recorded a beneficial conversion feature of $10,545. As of November 30, 2014 the company has accrued interest of $71.

CONVERTIBLE RELATED PARTY NOTES PAYABLE:

As of November 30, 2014, there are currently no related party convertible notes payable outstanding. The note related to our former CEO is now classified as non-related convertible debt for all comparable periods.

RELATED PARTY NOTES PAYABLE:

	November 30,	November 30,
	2014	2013
6.0% line of credit (2)	$             33,206	$             51,600
		-
Outstanding unsecured related party notes payable	$             33,206	$             51,600
(1)  Note payable to current CEO.

During the last two years, Wayne Erwin, our President and CEO, has advanced a total of $51,600 directly to Dotolo in an open advance account. Interest is being accrued at a rate of 6% per annum. As of November 30, 2014 the Company has repaid $18,394 of principal and has accrued interest in the amount of $7,125. There is no specific due date on this note.

During April 2013, Wayne Erwin, our President and CEO, had advanced a total of $10,675 to Oncologix Tech, Inc. This note bore interest at 6%. This note was paid in full in September 2013 together with accrued interest of $223.

The following is a summary of future minimum payments on related party notes payable as of November 30, 2014:

	Related Conv.
Fiscal Year Ending August 31,	Notes Payable
2015	$ 33,206

OTHER NOTES PAYABLE:

	November 30,			November 30,
	2014			2013
18% note payable due January 2015	$	30,000		$30,000
18% note payable due January 2015		20,000		20,000
Time Lease Payment due January 2014		—		958
Note payable		11,100		60,600
Bank line of credit loan		43,671		4,976
6% note payable due December 2014		2,158		-
Merchant Loan due March 2014		—		68,950
Merchanrt Loan due May 2014		—		50,389
Merchant Loan due January 2015		25,385		-
Merchant Loan due January 2015		29,600		-
Merchant Loan due January 2015		54,885		-
Merchant Loan due January 2015		48,950		-
Note payable		75,000		-
12% note payable due May 2014		—		10,000
Note payable - fee reimbursement		—		43,333
6% note payable due August 2015		—		111,500
6% note payable due October 2017		457,934		537,238
18% note payable due January 2015		47,666		100,000
22% note payable due January 2014		—		10,000
18% note payable due November 2014 (net of discount)		—		10,000
18% note payable due November 2014 (net of discount)		—		10,000
4% note payable due November 2014		—		45,909
14.5% note payable due September 2015		1,533,584		-
18% note payable due January 2015 (net of discount)		71,985		-
10% note payable due June 2015 (net of discount)		11,576		-
6% note payable due February 2015 (net of discount)		4,026		-
6% note payable due August 2015 (net of discount)		17,834		-
6% note payable due September 2015		68,920		-
6% note payable due September 2015		22,973		-
12% note payable due December 2019		60,000		-
Subtotal		2,637,247		1,113,853
Less:  Long-Term portion		(373,739	)	(315,115)
Current portion	$	2,263,508		$798,738

Notes held by Dotolo

On February 27, 2013 our subsidiary Dotolo, entered into a note payable agreement to provide funding to its subsidiary in the principal amount of $30,000. The note bears interest at 18% payable monthly on the 15th and is due in full in January 2015. For the three months ended November 30, 2014, we made interest payments in the amount of $1,350. As of November 30 2014, we have accrued interest of $1,365.

On March 17, 2013 our subsidiary Dotolo, entered into a note payable agreement to provide funding to its subsidiary in the principal amount of $20,000. The note bears interest at 18% payable monthly on the 15th and is due in full in January 2015. For the year ended November 30, 2014, we made interest payments in the amount of $900. As of November 30, 2014, we have accrued interest of $990.

Our subsidiary has a time lease payment which is due to be paid off in January 2014. As of November 30, 2013, the outstanding balance was $958.

During April 2012, our subsidiary Dotolo, entered into a financing agreement to provide up to $150,000 in funding for the subsidiary. The financing agreement was due in January 2013. We entered into a settlement agreement whereby we paid $45,000 from amounts held in reserve by our senior lender and are required to make 10 monthly payments of $1,500. As of November 30, 2014, the current balance is $11,100.

Notes held by Amian Angels

During fiscal 2014 we borrowed $45,000 from our line of open line of credit with our bank. As of November 30, 2014 the outstanding balance of the line of credit loan was $43,671.

In connection with the acquisition of Amian Health Services, the Company entered into a twelve month promissory note in the total principal amount of $25,000. The note bears interest at $6% and requires monthly payments of $2,152. As of November 30, 2014, the balance is $2,158.

On September 16, 2013, the Company obtained a merchant loan for additional working capital in the amount of $80,000. The merchant loan bores interest at a rate of 15% and calls for 130 daily payments of $861 for a total repayment amount of $112,000. Out of the net proceeds, the company also paid $20,000 in broker fees and loan fees of $750. This loan was paid in full on January 3, 2014.

On November 27, 2013, the Company obtained a merchant loan for additional working capital in the amount of $51,000. This loan requires 180 daily payments in the amount of $306 for a total repayment amount of $55,021. We netted gross proceeds of $46,032 after paying loan fees. This note was paid off March 11, 2014.

On December 18, 2013, the Company obtained a merchant loan for additional working capital in the amount of $72,000. This loan requires 82 daily payments in the amount of $888 for a total repayment amount of $72,500. We netted gross proceeds of $49,301 after fees of $699. This note was paid off March 11, 2014.

On March 11, 2014, the Company obtained a merchant loan for additional working capital in the amount of $150,000. This loan requires 209 daily payments in the amount of $940 for a total repayment amount of $196,500. We netted gross proceeds of $146,750 after paying loan fees. This note was paid in full in December 2014.

On April 18, 2014, the Company obtained a merchant loan for additional working capital in the amount of $120,000. This loan requires 189 daily payments in the amount of $800 for a total repayment amount of $151,200. We netted gross proceeds of $119,301 after paying loan fees. This note was paid in full in December 2014.

On July 10, 2014, the Company obtained a merchant loan for additional working capital in the amount of $150,000. This loan requires 132 daily payments in the amount of $1,568 for a total repayment amount of $207,000. We netted gross proceeds of $149,120 after paying loan fees. This note was paid in full in December 2014.

On September 11, 2014, the Company obtained a merchant loan for additional working capital in the amount of $100,000. This loan requires 75 daily payments in the amount of $1,999 for a total repayment amount of $149,900. We netted gross proceeds of $99,295 after paying loan fees. This note was paid in full in December 2014.

Notes held by Esteemcare

On September 25, 2014, as part of the acquisition of Esteemcare Inc. and Affordable Medical Inventory Solutions Inc., the company issued a 1 year note to Imad Siddiqui in the principal amount of $75,000. As of November 30, 2014, this note has not been executed by the holder and accordingly, we have not accrued any interest on this note.

Notes held by Oncologix Tech

On May 23, 2013, the Company issued a one year note in the amount of $20,000. The note bore interest at a rate of 12% per annum. The Company is required to repay the note at a rate of $1,867 per month, which includes interest, on the 15^th day of each month. The note is secured by certain collateral of our CEO. This note was paid in full in May 2014.

On August 1, 2013, in connection with our acquisition of Angels of Mercy, Inc. we entered into a promissory note to pay $65,000 of broker’s fees incurred in the acquisition. Monthly payments of $5,417 are due and payable beginning on August 15, 2013. This note bears no interest. This was paid in full in July 2014.

On August 1, 2011 our subsidiary Dotolo, entered into a note payable agreement to provide funding to its subsidiary in the principal amount of $111,500. In December 2013, this note was assumed by Oncologix Tech, Inc. The note bore interest at 6% and matures on August 31, 2015. During January through August 2014, the Board of Directors authorized the conversions of the entire principal and accrued interest amount. During that time frame, the $111,500 in principal was converted into 18,716,229 shares of the Company’s common stock and is considered paid in full.

On August 1, 2013, in connection with our acquisition of Angels of Mercy, Inc. we entered into a promissory note to pay $550,000 for the purchase of Angels of Mercy, Inc. Monthly payments of $9,115 are due and payable beginning on November 1, 2013 with a final balloon payment of $205,705 due on October 1, 2017. This note bears interest at a rate of 6%. As of November 30, 2014, the outstanding balance of the note is $457,934.

On July 26, 2013 the Company issued an 18 month promissory note in the principal amount of $100,000. These funds were used for the cash down payment for the Angels acquisition. The note bears interest at 18% and requires monthly interest payments of $1,200 beginning on September 26, 2013. In December 2013, we modified the loan agreement to make monthly payments of $6,200. As of November 30, 2014 the outstanding balance was $47,666.

On October 1, 2013, the Company borrowed 10,000 in principal from an unrelated investor. The note was due January 2, 2014 and bore interest at 22%. Monthly interest payments of $183.33 are due on the first of each month beginning on November 1, 2013. This note was paid in full on January 3, 2014.

On November 5, 2013 and November 8, 2013, the Company entered into two, one-year promissory notes with accredited investors to borrow a total principal amount of $20,000. Each promissory note is $10,000 in principal balance, bore interest at 18% and requires monthly interest payments of $150 each. The company also issued 3,000,000 in cashless warrants as finder’s fees for these funds. The Company recorded a discount of $14,805 for the issuance of the warrants. These notes were paid in full in November 2014.

On November 1, 2013, the Company entered into a Settlement Agreement with its former legal counsel. The current balance owed to prior counsel is $145,523. Pursuant to the settlement agreement, the Company agreed to pay $50,000 in the form of a one year promissory note and transfer its 90% ownership interest and all marketing rights of Oncologix Corporation, one of its subsidiaries as full settlement of the current balance owed. The promissory note bears interest of 4% and requires monthly payment of $4,257 beginning on December 1, 2013. This note was paid in full during November 2014.

On January 3, 2014, the Company closed on a 4 million dollar line of credit facility, with an initial draw of $500,000. The Company must meet specific monthly reporting and collateral requirements to further draw on the revolving credit facility. The $500,000 initial draw is secured by a 14.5% promissory note, which is convertible ONLY upon default by the Company. In July 2014, we borrowed an additional $75,000 from the principal we repaid. This note is due in six months with an automatic option to renew after six months. On September 25, 2014, the Company took down a second draw from its 4 million dollar line of credit facility in the amount of $1,200,000. The Company must meet specific monthly reporting and collateral requirements to further draw on the revolving credit facility. The outstanding balance at the time of the draw was $1,533,584 which is secured by twelve month 14.5% promissory note, which is convertible ONLY upon default by the Company. This note is automatically renewable for an additional twelve months. The company is required to pay interest and fees only for the initial 3 months. The balance of this note on November 30, 2014 is $1,533,584.

On December 3, 2013, The Company entered into a twelve month promissory note with an accredited investor to borrow a total principal amount of $75,000. The note bears interest of 18% per annum and calls for monthly payments of principal and interest of $1,375 beginning on January 15, 2014 with a balloon payment due December 15, 2014. The Company also issued as additional finders’ fees to the investor, 3,500,000 shares of common stock and 1,000,000 cashless warrants with an exercise price of $.025. As of November 30, 2014, the balance was $72,034. The Company recorded a discount of $5,992 for the issuance of the warrants.

On December 20, 2013, the Company issued a 1-year promissory note to a non-related accredited investor in the principal amount of $12,000. This note bears interest at 10% per annum and matures in December 2014. This note was extended to June 2015. As additional consideration for the operating capital loan, the company issued 3,000,000 cashless two-year warrants with an exercise price of $0.02. The Company recorded a discount of $7,746 for the issuance of the warrants. As of November 30, 2014 the Company has accrued interest of $1,137.

On February 7, 2014, the Company issued a 1-year promissory note in the principal amount of $15,000 to a non-related accredited investor. This note bears interest at 6% per annum and matures in February 2015. As additional consideration for the operating capital loan, the company issued 1,500,000 two-year warrants with an exercise price of $0.15 and 1,000,000 shares of common stock. The Company recorded an expense of $9,000 for the issuance of the common stock. The Company recorded a discount of $5,151 for the issuance of the warrants. On August 1, 2014 this investor used $10,000 to purchase 1,200,000 shares of common stock. As of November 30, 2014 the Company has accrued interest of $527.

On August 15, 2014 the Company issued a 1-year promissory note to a non-related accredited investor in the principal amount of $25,000. This note bears interest at 10% per annum and matures in August 2015. As additional consideration for the operating capital loan, the company issued 4,000,000 cashless two-year warrants with an exercise price of $0.065. The Company recorded a discount of $10,177 for the issuance of the warrants. As of November 30, 2014 the Company has accrued interest of $743.

On September 25, 2014, the Company issued a $75,000 and $25,000 1-year promissory notes bearing interest at 6% in connection with the acquisition of Esteemcare Inc. and Affordable Medical Inventory Solutions Inc. As of November 30, 2014, the outstanding balances of these notes were $68,920 and $22,973, respectively.

On October 1, 2013, the Company borrowed $60,000 in principal from an unrelated investor. This note bears interest at a rate of 12% and calls for 60 monthly payments of $1,334.67 beginning on January 19, 2015. The note matures on January 19, 2019.

The following is a summary of future minimum payments on r notes payable as of November 30, 2014:

	Related Conv.
Fiscal Year Ending August 31,	Notes Payable
2015	2,234,881
2016	87,623
2017	314,743

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Stockholders Equity (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Nov. 30, 2014	Aug. 31, 2014
Proceeds if Shares Converted
Shares Issued		23,583,333
Series D Preferred Stock [Member]
Number of Preferred Shares
Shares Outstanding, beginning balance	78,564	58,564
Shares Issued		20,000
Shares Outstanding, ending balance	78,564	78,564
Number of Common Shares Convertible
Shares Outstanding, beginning balance	78,564,000	58,564,000
Shares Issued		20,000,000
Shares Outstanding, ending balance	78,564,000	78,564,000
Proceeds if Shares Converted
Amount converted, ending balance
Weighted Average Exercise Price Per Common Stock
Shares Outstanding, beginning balance		$ 80.25
Shares Expired/Retired		$ 80.25
Sharess Outstanding, ending balance	$ 80.25	$ 80.25

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Stockholders Equity - Stock Subscribed (Details Narrative) (USD $)	12 Months Ended
	Aug. 31, 2014	Nov. 30, 2014
Stockholders Equity - Stock Subscribed Details Narrative
Common stock subscribed	$ 5,000
Shares issued conversion of notes payable	1,058,201

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Stockholders Equity Additional (Details Narrative) (USD $)	Nov. 30, 2014	Aug. 31, 2014	Aug. 31, 2013
Private Placement of Units
Common stock unit			3
Series A preferred stock unit			1
Par value of Series A preferred stock			$ 0.001
Total convertible units issued	4,032,743
Units Outstanding
Underlying Series A preferred stock		129,062	64,531
Underlying common stock		129,062	96,797

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Notes Payable (Tables)

3 Months Ended

Nov. 30, 2014

Payables and Accruals [Abstract]

Convertible Notes Payable

	November 30,		November 30,
	2014		2013
8.0% convertible note due February 2015	$	75,000	$	100,000
6.0% convertible note due September 2015		189,025		235,025
8.0% convertible note due December 2013		—		9,380
8.0% convertible note due October 2014 (net of discount)		—		4,041
12% convertible note due March 2015 (net of discount)		14,586
10% convertible note due February 2015 (net of discount)		74,726
12% convertible note due July 16, 2015 (net of discount)		9,947
8% convertible note due November 2015		7,831
8% convertible note due November 2015		14,831
Total unsecured convertible notes payable		385,946		348,446
Less:  Long-Term portion		—		—
Current portion	$	385,946	$	348,446

Future minimum payments of Convertible Notes Payable

	Convertible
Fiscal Year Ending August 31,	Notes Payable
2015	$ 385,946

Related Party Notes Payable

	November 30,	November 30,
	2014	2013
6.0% line of credit (2)	$             33,206	$             51,600
		-
Outstanding unsecured related party notes payable	$             33,206	$             51,600
(1)  Note payable to current CEO.

Future minimum payments of Related Party Notes Payable

	Related Conv.
Fiscal Year Ending August 31,	Notes Payable
2015	$ 33,206

Other Notes Payable

	November 30,			November 30,
	2014			2013
18% note payable due January 2015	$	30,000		$30,000
18% note payable due January 2015		20,000		20,000
Time Lease Payment due January 2014		—		958
Note payable		11,100		60,600
Bank line of credit loan		43,671		4,976
6% note payable due December 2014		2,158		-
Merchant Loan due March 2014		—		68,950
Merchanrt Loan due May 2014		—		50,389
Merchant Loan due January 2015		25,385		-
Merchant Loan due January 2015		29,600		-
Merchant Loan due January 2015		54,885		-
Merchant Loan due January 2015		48,950		-
Note payable		75,000		-
12% note payable due May 2014		—		10,000
Note payable - fee reimbursement		—		43,333
6% note payable due August 2015		—		111,500
6% note payable due October 2017		457,934		537,238
18% note payable due January 2015		47,666		100,000
22% note payable due January 2014		—		10,000
18% note payable due November 2014 (net of discount)		—		10,000
18% note payable due November 2014 (net of discount)		—		10,000
4% note payable due November 2014		—		45,909
14.5% note payable due September 2015		1,533,584		-
18% note payable due January 2015 (net of discount)		71,985		-
10% note payable due June 2015 (net of discount)		11,576		-
6% note payable due February 2015 (net of discount)		4,026		-
6% note payable due August 2015 (net of discount)		17,834		-
6% note payable due September 2015		68,920		-
6% note payable due September 2015		22,973		-
12% note payable due December 2019		60,000		-
Subtotal		2,637,247		1,113,853
Less:  Long-Term portion		(373,739	)	(315,115)
Current portion	$	2,263,508		$798,738

Future Minimum payments related conv. notes payable

	Related Conv.
Fiscal Year Ending August 31,	Notes Payable
2015	2,234,881
2016	87,623
2017	314,743

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Leases (Details Narrative) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Leases [Abstract]
Rent Expense	$ 30,075	$ 23,200

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Retirement Plan

3 Months Ended

Nov. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Retirement Plan

NOTE 16 - RETIREMENT PLAN

Currently, the Company does not have a retirement plan in place.

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Subsequent Events

3 Months Ended

Nov. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

NOTE 21 - SUBSEQUENT EVENTS

On December 15, 2014, the Company obtained a merchant loan for additional working capital in the amount of $300,000. This loan requires 252 daily payments in the amount of $1,607 for a total repayment amount of $405,000. We netted gross proceeds of $163,713 after paying loan fees and paying off our other 4 merchant loans. This note was paid in full in December 2014.

On December 23, 2014, the Company paid its second installment of $29,472 for a convertible note, which included $722 of accrued interest. This convertible note was originally issued May 23, 2014.

During December 2014, holders of convertible notes converted $30,858 in principal and accrued interest into 15,329,921 shares of our common stock.

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Property and Equipment (Details Narrative) (USD $)	Nov. 30, 2014	Aug. 31, 2014
Property And Equipment Details Narrative
Furniture	$ 14,118	$ 12,688
Office Equipment	12,962	12,962
Computers	23,897	22,321
Software	3,497	3,497
Leasehold improvements
Equipment	17,623	16,763
Total property and equipment at cost	72,097	68,231
Less: accumulated depreciation and amortization	(31,378)	(28,264)
Property and equipment (net of accumulated depreciation of $28,264 and $11,820)	$ 40,719	$ 39,967

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Summary of Significant Accounting Policies - Net Loss Per Common Share -Basic and Diluted (Details) (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Summary Of Significant Accounting Policies - Net Loss Per Common Share -Basic And Diluted Details
Continuing operations	$ (443,288)	$ (285,357)
Discontinued operations		95,528
Net loss attributable to common shareholders	$ (443,288)	$ (189,829)
Weighted average shares outstanding	133,488,493	79,307,202
Loss per common share, basic and diluted:	$ 0.00	$ 0.00
Continuing operations	$ 0.00	$ 0.00
Discontinued operations		$ 0.00

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Statements of Cash Flows (USD $)	3 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Operating activities:
Net loss	$ (443,289)	$ (189,829)
Net gain from discontinued operations		(95,528)
Net loss from continuing operations	(443,289)	(285,357)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,645	5,452
Loss on disposal of property and equipment		28,748
Amortization of discount on notes payable and warrants	70,460	4,041
Loss on conversion of notes payable - related parties		36,380
Non-cash interest charges	49,900
Issuance of stock and warrants for fees	24,000	84,859
Changes in operating assets and liabilities:
Accounts receivable	(50,504)	(19,463)
Prepaid expenses and other current assets	(22,188)	7,808
Prepaid commissions and finders' fees	1,392
Deposits and other assets	(11,219)
Accounts payable and other accrued expenses	163,952	(58,994)
Accrued interest payable - related parties	783	(61,757)
Accrued interest payable	16,166	131,272
Net operating cash flows - continuing operations	(195,901)	(127,011)
Net operating cash flows - discontinued operations		95,528
Net cash used in operating activities	(195,901)	(31,483)
Investing activities:
Purchase of property and equipment	(858)	(416)
Acquisition of Esteemcare and Affordable	(560,984)
Net cash used in investing activities	(561,842)	(416)
Financing activities:
Proceeds from issuance of convertible notes	25,000	25,000
Proceeds from issuance of notes payable	1,360,000	140,327
Proceeds from the issuance of common stock		10,000
Repayment of notes payable	(387,501)	(84,141)
Repayment of notes payable - related parties	(18,394)	(4,600)
Repayment of inventory financing agreements	(73,809)
Repayment of convertible notes payable	(87,696)
Net cash provided by financing activities	817,600	86,586
Net increase (decrease) in cash and cash equivalents	59,857	54,687
Cash and cash equivalents, beginning of period	17,504	39,456
Cash and cash equivalents, end of period	$ 77,361	$ 94,143

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Discontinued Operations

3 Months Ended

Nov. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 5 – DISCONTINUED OPERATIONS

During October 2013 the Company’s management and Board of Directors determined to dispose of Oncologix Corporation its Brachytherapy medical device subsidiary. On November 1, 2013, the company entered into a settlement agreement with Firetag, Stoss & Dowdell, PC., our former attorneys. Per the terms of the settlement agreement, we exchanged our 90% ownership and executed a $50,000 promissory note payable to Firetag in exchange for the forgiveness by Firetag of $145,522 in prior legal billings. The promissory note bears interest at 4% and requires 12 monthly payments of $4,257.49 beginning on December 1, 2013. Detailed below are the income and expenses related to these discontinued operations:

	For the Three Months Ended
	November 30,		November 30,
	2014		2013
Operating expenses:
General and administrative	$	—	$	36
Depreciation and amortization		—		—
Total operating expenses		—		36
Loss from operations		—		(36	)
Other income (expense):
Total other income (expense)		—		—
Loss from discontinued operations		—		(36	)
Gain on disposal of discontinued operations		—		95,564
Loss from discontinued operations		—		95,528
Less loss attributable to noncontrolling interest		—		—
Net loss from discontinued operations	$	—	$	95,528

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Other Notes Payable (Details) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Note payable [Member]
Other Notes Payable	$ 2,623,247	$ 1,113,853
Less: Long-term Portion	(373,739)	(315,115)
Current Portion	2,263,508	798,738
18% note payable due January 2015 #1 [Member]
Other Notes Payable	30,000
18% note payable due January 2015 #2 [Member]
Other Notes Payable	20,000
Time payment lease due January 2014 [Member]
Other Notes Payable		958
Notes Payable [Member]
Other Notes Payable	11,100	60,600
Bank Line of credit [Member]
Other Notes Payable	43,671	4,976
6% note payable Due December 2014 [Member]
Other Notes Payable	2,158
Merchant Loan due March 2014 [Member]
Other Notes Payable		68,950
Merchant Loan due May 2014 [Member]
Other Notes Payable		50,389
Merchant Loan due January 2015 (1) [Member]
Other Notes Payable	25,385
Merchant Loan due January 2015 (2) [Member]
Less: Long-term Portion	29,600
Merchant Loan due January 2015 (3) [Member]
Other Notes Payable	54,885
Merchant Loan due January 2015 (4) [Member]
Other Notes Payable	48,950
Note Payable - other [Member]
Other Notes Payable	75,000
12% note payable Due May 2014 [Member]
Other Notes Payable		10,000
Note Payable - fee reimbursement [Member]
Other Notes Payable		43,333
6% note payable Due August 2015 [Member]
Other Notes Payable		111,500
6% note payable Due October 2014 [Member]
Other Notes Payable	457,934	537,238
18% note payable due January 2015 [Member]
Other Notes Payable	47,666	100,000
22% note payable due January 2014 [Member]
Other Notes Payable		10,000
18% note payable due November 2014 [Member]
Other Notes Payable		10,000
18% note payable due November 2014 (2) [Member]
Other Notes Payable		10,000
4% note payable due November 2014 [Member]
Other Notes Payable		45,909
14.5% note payable due September 2015 [Member]
Other Notes Payable	1,533,584
18% note payable due January 2015 (2) [Member]
Other Notes Payable	71,985
10% note payable due June 2015 (1) [Member]
Other Notes Payable	11,576
6% note payable due February 2015 [Member]
Other Notes Payable	4,026
6% note payable due August 2015 [Member]
Other Notes Payable	17,834
6% note payable due September 2015 (1) [Member]
Other Notes Payable	68,920
6% note payable due September 2015 (2) [Member]
Other Notes Payable	22,973
12% note payable due December 2019 [Member]
Other Notes Payable	$ 60,000

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Stockholders Equity - Warrants (Details Narrative)	12 Months Ended	3 Months Ended
	Aug. 31, 2014	Nov. 30, 2014	Nov. 30, 2013	Aug. 31, 2013
Outstanding Warrants	30,583,333	30,583,333		7,000,000
Warrants issued	23,583,333
Weighted Average Exercise Price	0.011	0.011		0.012
Minimum [Member]
Votality			329.00%
Risk free rate		0.00%	0.25%
Expected dividends
Maximum [Member]
Votality			380.00%
Risk free rate		0.00%
Exepected Term			3 years

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Nov. 30, 2014

Accounting Policies [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION

In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. Interim results are not necessarily indicative of results for a full year.

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION

The unaudited consolidated financial statements for the three months ended November 30, 2014 and 2013 include the accounts of Oncologix Tech, Inc. and its wholly owned subsidiaries, Dotolo Research Corporation (“Dotolo”), Amian Angels, Inc. (“Amian”), Advanced Medical Products & Technologies Inc. (“AMPT”), Esteemcare Inc. and Affordable Medical Equipment Solutions Inc. (collectively “Esteemcare”) Dotolo and Amian are Louisiana Corporations. AMPT is a Nevada corporation. Esteem & Affordable are South Carolina corporations. All significant intercompany accounts and transactions have been eliminated in consolidation.

USE OF ESTIMATES

USE OF ESTIMATES

The preparation of financial statements in accordance 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

REVENUE RECOGNITION

REVENUE RECOGNITION

Revenue is recognized by the Company in accordance with Accounting Standards Codification Topic (“ASC”) 605. Accordingly, revenue is recognized when all the following criteria are met: persuasive evidence of an arrangement exists; delivery has occurred; the seller’s price to the buyer is fixed and determinable; and collectability is reasonably assured. Currently, the primary revenue for the Company is derived from its sales in its Personal Care Services and Medical Products and Technologies Segments’.

Amian is reimbursed for each approved “Unit of Service” provided, as determined by the Health Care Financing Administration (HCFA), the Department of Health & Hospitals and the Department of Social Services and based upon a detailed Case Management, Plan of Care for each beneficiary. A unit of service for PCA services will be one-half hour. At least fifteen (15) minutes of service must be provided to the individual in order for Amian Angels to bill for a unit of service. A maximum of 1,825 hours (3,650 half-hour units) per beneficiary, per year can be billed under the Medicaid waiver program. Our primary payor sources is the State of Louisiana, the Department of Veterans Administration and Private Pay individuals who reimburse us for the services we provide. We currently experience a two percent claims rejection rate. With the acquisition of Amian, Amian Angels now has private pay clients as well as Veterans Administration Social Services clients.

Esteemcare recognizes revenue related to product sales upon delivery to customers provided that we have received and verified any written documentation required to bill Medicare, other government agencies, third-party payers, and patients. For product shipments for which we have not yet received the required written documentation, revenue recognition is delayed until the period in which those documents are collected and verified. We record revenue at the amounts expected to be collected from government agencies, other third-party payers, and from patients directly. Government and insurance payors’ generally require patient compliance with product usage. Accordingly, most pay for the product purchases over a multi-month plan, generally 10 to 13 months. We record these revenues as received since the transfer of ownership is not guaranteed until the full purchase price is paid to us. We record, if necessary, contractual adjustments equal to the difference between the reimbursement amounts defined in the fee schedule and the revenue recorded per the billing system. These adjustments are recorded as a reduction of both gross revenues and accounts receivable. We analyze various factors in determining revenue recognition, including a review of specific transactions, current Medicare regulations and reimbursement rates, historical experience and the credit-worthiness of patients. Medicare reimburses at 80% of the government-determined prices for reimbursable supplies, and we bill the remaining balance to either third-party payers or directly to patients.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments, with an initial maturity of three (3) months or less to be cash equivalents.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

The Company’s receivables in its medical device segment are subject to credit risk, and the Company typically does not require collateral on its accounts receivable. Receivables are generally due within 30 days. The Company maintains an allowance for uncollectable receivables that reduces the receivables to amounts that are expected to be collected. .

The lead time for account receivables in our Personal Care service divisions ranges from 14 to 90 days. The majority of the Company’s receivables, approximately 90%, are collected within 14 days. We bill the State of Louisiana on a weekly basis and are reimbursed two weeks later via electronic funds transfer. We are able to resubmit any rejected claims an additional two times to Molina Healthcare, the EDI payment provider for payments within the next twelve months. Currently we maintain an allowance for uncollectible receivables at a rejection rate of 2% of outstanding receivables. We analyze our claim rejection rate on a quarterly basis and make quality improvements to reduce the number of rejected claims. Private pay customers are billed semi-monthly. Generally collections occur within 30 days. Veterans Administration (VA) customers are billed monthly. Generally collections occur within 45 to 60 days. Due to the recent governmental shutdown, the current lead time for payments is approximately 90 days. Upon final rejection of any resubmitted claims, the claims are resubmitted and after twelve months the receivables are written off to bad debt expense.

Our medical products and technologies accounts receivable are generally due from Medicare, Medicaid, private insurance companies, and our private patients. Accounts receivable are reported net of allowances for contractual adjustments and uncollectible accounts. The collection process is time consuming, complex and typically involves the submission of claims to multiple layers of payers whose payment of claims may be contingent upon the payment of another payer. As a result, our collection efforts may be active for up to 18 to 24 months from the initial billing date. In accordance with regulatory requirements, we make reasonable and appropriate efforts to collect our accounts receivable, including deductible and co-payment amounts, in a manner consistent for all classes of payers.

INVENTORY

INVENTORY

Inventories are stated at costs and are held on a first-in, first-out basis. Our inventory in our medical device segment consists primarily of miscellaneous parts. Our inventory in our medical products and technologies segment consists of masks, CPAP machines, BiPAP machines and other necessary breathing equipment.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property and equipment is recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the related assets as follows:

Furniture and fixtures	5 to 10 years
Computer equipment	5 years
Equipment	5 to 10 years
Software	3 to 5 years

The cost of maintenance and repairs is charged to expense in the period incurred. Expenditures that increase the useful lives of assets are capitalized and depreciated over the remaining useful lives of the assets. When items are retired or disposed of, the cost and accumulated depreciation are removed from the accounts and any gain or loss is included in income.

LONG-LIVED ASSETS

LONG-LIVED ASSETS

     ASC 360 – Property, Plant and Equipment addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful life of property and equipment or whether the remaining balance of property and equipment, or other long-lived assets, should be evaluated for possible impairment. Instances that may lead to an impairment include: (i) a significant decrease in the market price of a long-lived asset group; (ii) a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition; (iii) a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset or asset group, including an adverse action or assessment by a regulatory agency; (iv) an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset or asset group; (v) a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group; or (vi) a current expectation that, more likely than not, a long-lived asset or asset group will be sold or otherwise disposed of significantly before the end of its previously estimated useful life.

An estimate of the related undiscounted cash flows, excluding interest, over the remaining life of the property and equipment and long-lived assets is used in assessing recoverability. Impairment loss is measured by the amount which the carrying amount of the asset(s) exceeds the fair value of the asset(s). The Company primarily employs two methodologies for determining the fair value of a long-lived asset: (i) the amount at which the asset could be bought or sold in a current transaction between willing parties or (ii) the present value of estimated expected future cash flows grouped at the lowest level for which there are identifiable independent cash flows.

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

The Company adopted Accounting Standards Update 2011-08 “Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”) in the fourth quarter of fiscal 2014 due to its recent acquisition of Dotolo Research Corporation and Angels of Mercy, Inc. ASU 2011-08 permits an entity to first assess qualitative factors to determine whether it is more likely that not that the fair value of a reporting unit is less than its carrying amount.

Goodwill represents the excess of the cost of a business combination over the fair value of the net assets acquired and these costs are subject to annual impairment tests.

We accounted for the acquisition of Dotolo, Amian and Esteemcare using the acquisition method of accounting under ASC 805 and ASC 810-10-65. The purchase price was allocated first to identifiable current then fixed assets as well as liabilities assumed. We then earmarked identifiable intangibles, with the remainder to goodwill. We identified patents as our identifiable asset for Dotolo Research Corporation. Amounts allocated to Goodwill for the acquisition of Dotolo are based on expanding our product into the medical market and the potential upside of the sale with a FDA medical device product with a reimbursement code. Dotolo is one of four companies worldwide with this FSA approved medical device product. Amounts allocated to goodwill for Amian and Esteemcare are based on increased clients and future revenues.

The Company evaluates the recoverability of its indefinite lived intangible assets, which consist of Dotolo, Amian and Esteemcare, based on estimates of future royalty payments that are avoided through its ownership of the intangibles and patents, discounted to their present value. In determining the estimated fair value of the intangibles and patents, management considers current and projected future levels of revenue based on its plans for Dotolo, business trends, prospects and market and economic conditions. See Note 4 – Acquisitions for further information on the acquisition of Dotolo.

We follow the two step process in ASC 350-20-35 for impairment testing. In the first step we compare the fair value of the reporting unit as a whole to its carrying value, including goodwill. For both reporting units, we have determined that the reporting units’ fair value exceeds its carrying value. We also compare the carrying value of goodwill by itself for both reporting units.

The following explains the results of our impairment testing. We have allocated $564,075 of goodwill to the Angels of Mercy, Inc. reporting unit. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 39%. We have allocated $1,217,704 of goodwill to the reporting unit Dotolo Research Corporation. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 26%. We have allocated $622,610  of goodwill the Esteemcare reporting unit. As of November 30, 2014 the fair value exceeds the carrying value of goodwill by 51% . In calculating the valuation, we used a discounted cash flow method based on the future 5 years cash flows of each reporting unit. We used a discount rate of 8% which is currently higher that the current long term interest rate. An increase in the overall national interest rate could have a negative impact on our valuation. An additional risk is the possibility of cash flow projections falling short of our 5 year estimate amount.

ADVERTISING COSTS

ADVERTISING COSTS

Advertising costs included with selling, general and administrative expenses in the accompanying consolidated statements of operations were minimal for the three months ended November 30, 2014 and 2013. Such costs are expensed as incurred.

INCOME TAXES

INCOME TAXES

The Company adopted the provisions of FASB ASC 740 - Income Taxes provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Income taxes are determined using the asset and liability method. This method gives consideration to the future tax consequences associated with temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes.

FAIR VALUE OF FINANCIAL INSTRUMENTS

FAIR VALUE OF FINANCIAL INSTRUMENTS

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued expenses, and notes payable approximate fair value.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

The Company has a stock-based compensation plan, which is described more fully in Note 9. The Company accounts for stock-based compensation in accordance with ASC 718. Under the fair value recognition provisions of this statement, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the vesting period. The Company estimates the fair value of stock options granted using the Black-Scholes option valuation model. The fair value of all awards is amortized on a straight-line basis over the vesting periods. The expected term of awards granted represent the period of time they are expected to be outstanding. The Company determines the expected term based on historical experience with similar awards, giving consideration to the contractual terms and vesting schedules. The Company estimates the expected volatility of its common stock at the date of grant based on the historical volatility of its common stock. The risk-free interest rate is based on the U.S. treasury security rate estimated for the expected life of the options at the date of grant. If actual results differ significantly from estimates, stock-based compensation could be impacted.

INVENTORY FINANCING AGREEMENTS

INVENTORY FINANCING AGREEMENTS

Our inventory finance agreements consist of qualified for-sale equipment purchases. Qualifying inventory purchases are grouped into a 12 month finance agreements allowing the company to spread the payments for this inventory over a twelve month period. All inventory finance agreements are interest free and consist of only minor fees for setup.

CONVERTIBLE DEBT

CONVERTIBLE DEBT

Interest on convertible debt is calculated using the simple interest method. The company recognizes a beneficial conversion feature to the extent the conversion price is less than the closing stock price on the issuance of the convertible notes. The Company also follows ASC 470-50 and ASC 470-20 regarding changes in the terms of the convertible notes and the induced conversion of its convertible debt.

RECLASSIFICATIONS

RECLASSIFICATIONS

Certain prior year amounts have been reclassified to conform to the current year presentation.

STOCK INCENTIVE PLANS

STOCK INCENTIVE PLANS

Share based payment compensation costs for equity-based awards are measured on the grant date based on the fair value of the award on that date and is recognized over the required service period. The fair-value of stock option awards are estimated using the Black-Scholes model. Fair value of restricted stock awards is based upon the quoted market price of the common stock on the date of grant.

NET LOSS PER COMMON SHARE

NET LOSS PER COMMON SHARE

Basic earnings (loss) per share is calculated under the provisions of ASC 260 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is calculated by dividing income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated based on the weighted average number of common shares outstanding during the period plus the dilutive effect of common stock purchase warrants and stock options using the treasury stock method and the dilutive effects of convertible notes payable and convertible preferred stock using the if-converted method. On Basic and diluted earnings per share for the three months ended November 30, 2014 and 2013 are as follows:

	For the Three Months Ended
	November 30,			November 30,
	2014			2013
Net gain (loss) attributable to common shareholders
Continuing operations	$	(443,288	)	$	(285,357	)
Discontinued operations		—			95,528
	$	(443,288	)	$	(189,829	)
Weighted average shares outstanding		133,488,493			79,307,202
Loss per common shares, basis and diluted
Continuing operations	$	(0.00	)	$	(0.00	)
Discontinued operations		—			0.00
	$	(0.00	)	$	(0.00	)

Due to the net losses during the three months ended November 30, 2014 and 2013, basic and diluted loss per share was the same, as the effect of potentially dilutive securities would have been anti-dilutive. Shares attributable to convertible notes, stock options, preferred stock and warrants not included the diluted loss per share calculation. Below lists all dilutive securities as of November 30, 2014 and 2013:

	As of
	November 30,	November 30,
	2014	2013
	Underlying	Underlying
Description	Common Shares	Common Shares
Convertible preferred stock	78,564	5,828,531
Convertible notes payable	133,670,880	6,728,418
Options	6,173,750	147,500
Warrants	30,583,333	11,500,000
Total potentially dilutive securities	170,506,527	24,204,449

SEGMENT INFORMATION

SEGMENT INFORMATION

ASC 280-10 defines operating segments as components of a company about which separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer and Chief Financial Officer in deciding how to allocate resources and in assessing performance. The Company currently has three business segments; medical device manufacturing, personal care services and medical products and technologies.

RECENT ACCOUNTING PRONOUNCEMENTS

RECENT ACCOUNTING PRONOUNCEMENTS

We have evaluated all Accounting Standards Updates through the date the financial statements were issued and do not believe any will have a material impact.

New Accounting Standard

In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2012-02 “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (“ASU 2012-02”). ASU 2012-02 permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. Under the amendments in ASU 2012-02, an entity is not required to calculate the fair value of an indefinite-lived intangible asset unless it determines that it is more likely than not that the fair value of the asset is less than its carrying amount. An entity also will have the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for interim and annual indefinite-lived intangible asset impairment tests performed for fiscal years beginning on or after September 15, 2012, with early adoption permitted. The Company’s adoption of ASU 2012-02 is not expected to have an impact on its consolidated financial statements.

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Business Segments - Balance Sheet(Details) (USD $)	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2013	Aug. 31, 2013
Cash and cash equivalents	$ 77,361	$ 17,504	$ 94,143	$ 39,456
Accounts receivable	837,033	213,399
Inventory	137,436	31,271	31,271
Prepaid expenses and other current assets	32,355	9,307
Prepaid commissions and finders' fees	1,760	3,152
Total current assets	1,085,945	274,633
Property and equipment (net of accumulated depreciation of $ $19,999 and $11,820)	40,719	39,967
Deposits and other assets	36,352	14,582
Goodwill	2,404,389	1,781,779
Patents, registrations (net of amortization of $94,921 and $91,859)	22,965	24,497
Total assets	3,590,370	2,135,458
Personal Care Segment [Member]
Cash and cash equivalents	22,157	9,336
Accounts receivable	213,542	213,399
Inventory
Prepaid expenses and other current assets
Prepaid commissions and finders' fees
Total current assets	235,699	222,735
Property and equipment (net of accumulated depreciation of $ $19,999 and $11,820)	20,131	21,287
Deposits and other assets	2,233	2,082
Goodwill	564,075	564,075
Patents, registrations (net of amortization of $94,921 and $91,859)
Total assets	822,138	810,179
Medical Device Segment [Member]
Cash and cash equivalents	80	(110)
Accounts receivable
Inventory	31,271	31,271
Prepaid expenses and other current assets
Prepaid commissions and finders' fees
Total current assets	31,351	31,161
Property and equipment (net of accumulated depreciation of $ $19,999 and $11,820)	17,001	17,893
Deposits and other assets	24,803	12,500
Goodwill	1,217,704	1,217,704
Patents, registrations (net of amortization of $94,921 and $91,859)	22,965	24,497
Total assets	1,313,824	1,303,755
Medical Products Segment [Member]
Cash and cash equivalents	36,742	1,000
Accounts receivable	623,491
Inventory	106,165
Prepaid expenses and other current assets	2,487
Prepaid commissions and finders' fees	256
Total current assets	769,141	1,000
Property and equipment (net of accumulated depreciation of $ $19,999 and $11,820)	2,884
Deposits and other assets	9,316
Goodwill	622,610
Patents, registrations (net of amortization of $94,921 and $91,859)
Total assets	1,403,951	1,000
Corporate Overhead [Member]
Cash and cash equivalents	18,382	7,278
Accounts receivable
Inventory
Prepaid expenses and other current assets	29,868	9,307
Prepaid commissions and finders' fees	1,504	3,152
Total current assets	49,754	19,737
Property and equipment (net of accumulated depreciation of $ $19,999 and $11,820)	703	787
Deposits and other assets
Goodwill
Patents, registrations (net of amortization of $94,921 and $91,859)
Total assets	$ 50,457	$ 20,524

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Description of Company (Details) (USD $)	9 Months Ended
	May 31, 2014
Description Of Company Details
Debt relief	$ 90,000

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Joint Ventures

3 Months Ended

Nov. 30, 2014

Accounting Policies [Abstract]

Joint Ventures

NOTE 15 - JOINT VENTURE

Institut für Umwelttechnologien GmbH (IUT)

In February 2009, we entered into a Technology Agreement with Institut für Umwelttechnologien GmbH, a German Company (“IUT”). On September 23, 2010, the Company signed a Memorandum of Understanding with Institut für Umwelttechnologien GmbH and IUT Medical GMBH confirming certain understandings among the parties with respect to their future relationships and business activities as originally contemplated in their Technology Agreement of February 27, 2009, which was reaffirmed. On November 1, 2013, with the disposal of the Company’s subsidiary Oncologix Corporation, the company also ended its relationship with IUT and IUTM.