Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows used in operating activities:    
Net loss $ (1,152,327) $ (1,755,867)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,557 2,257
Amortization of intangible assets 1,277 0
Amortization of debt discount 8,585 596
Stock-based compensation 30,000 52,253
Stock-based compensation - related parties 168,332 890,470
Gain on debt and payable extinguishment 0 (139,267)
Accrued interest 24,768 33,605
Changes in operating assets and liabilities:    
Accounts receivable (78,266) 0
Prepaid expenses (13,905) (6,995)
Accounts payable and accrued liabilities 265,401 385,477
Accrued compensation to related parties 42,541 195,421
Net cash used in operating activities (701,037) (342,050)
Cash flows from investing activities:    
Acquisition of Shift Now, Inc., net of cash acquired 123,625 0
Net cash from investing activities 123,625 0
Cash flows from financing activities:    
Proceeds from notes payable, related parties 0 0
Proceeds from convertible notes payable 175,000 50,000
Proceeds from convertible notes payable, related parties 0 5,000
Payments on convertible notes payable, related parties (41,909) 0
Proceeds from sale of common stock 345,035 350,035
Net cash provided by financing activities 478,126 405,035
Increase (decrease) in cash (99,286) 62,985
Cash - beginning of year 186,881 123,896
Cash - end of year 87,595 186,881
Supplementary cash flow information:    
Interest paid 0 0
Income taxes paid 0 0
Non-cash investing and financing activities:    
Accounts payable settled for common stock 0 100,000
Accounts payable and accrued expenses settled for common stock - related parties 106,874 200,000
Convertible notes and accounts payable assumed in merger 0 194,632
Common stock issued for acquisition 52,500 0
Convertible note payable issued for acquisition 30,000 0
Non-cash activities related to acquisition:    
Current assets acquired 429,750 0
Current liabilities assumed 396,306 0
Property and equipment acquired 44,259 0
Intangible assets acquired $ 129,924 $ 0