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Subsequent Events
12 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract]  
Subsequent Events

14.      Subsequent Events

 

In October 2011, the Company raised $35,000 from the private placement of 87,500 shares of common stock to the Company’s Chairman of the Board. In December 2011, the Company raised $60,000 from the private placement of 430,769 shares of common stock to the Company’s Chairman of the Board. Also in December 2011, the Company raised $50,000 from the private placements of 331,197 shares of common stock to a member of the Company’s Board of Directors. These shares have not been registered with the SEC. However, the Company’s president, chairman of the board, and additional board member received demand registration rights, subject to certain limitations, and unlimited piggyback registration rights, with respect to the shares. The Company is only obligated to use its best efforts to obtain an effective registration statement.

 

During November 2011, the Company obtained $200,000 in additional notes payable from the Company’s president that are non-interest bearing and due on demand.