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GOING CONCERN
9 Months Ended
Jun. 30, 2014
Going Concern [Abstract]  
GOING CONCERN

The Company has not established sources of revenue sufficient to fund the development of the business, projected operating expenses and commitments for the next twelve months and may be unable to obtain sufficient debt or equity financing. The Company has incurred net losses since inception, had a net loss of $ (8,502,410) and used $(1,730,215) in cash from operating activities during the nine month period ended June 30, 2014. At June 30, 2014, current assets were $63,215 and current liabilities were $2,655,601. Further, at June 30, 2014, the accumulated deficit and total stockholder’s deficit amounted to $52,984,807 and $3,436,220, respectively. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made as a result of this uncertainty.

 

 The Company has taken several steps to address its liquidity requirements.  In addition to reducing the amount of operating expenses that it incurs on a monthly basis, the Company focused on liquidating available inventory and seeking additional debt or equity financing.  Management is negotiating with its creditors to settle obligations at less than stated amounts. The Company also continued its evaluation of strategic alternatives that may be available to advance the strategic direction of the company.