What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2022-12-19 compared with 2022-12-19 · 39 added, 41 removed, 239 unchanged (25% of the section changed)

66 unchanged sentences

condition and operating performance, our overall business strategy and our financial results for the periods covered.

The consolidated financial statements contained in this report have been prepared assuming that the Company will continue as a going concern.

The Company had cumulative net losses through September 30, 2019 of $5,098,487, as well as negative cash flows of $1,743 from operating activities.

consolidated financial statements contained in this report have been prepared assuming that the Company will continue as a going concern.

The Company had cumulative net losses through September 30, 2018 of $5,089,494, as well as negative cash flows of $43,721 from operating

The Companys cash and cash equivalents balance as of September 30, 2018 was $2,270.

These factors raise substantial doubt about the Companys ability to continue as a going concern.

These factors raise substantial

doubt about the Companys ability to continue as a going concern.

we will actively seek to identify sources of liquidity, there are no assurances that such additional sources of liquidity can be obtained

30 unchanged sentences

interest on the notes.

The change in fair value of convertible debt of $(5,000) during the year ended September 30, 2018 was the result

of remeasurement of the companys convertible notes payable.

The change in fair value of convertible debt of $(5,000) and $5,000 during the years ended September 30, 2018

and 2017, respectively, was the result of remeasurement of the companys convertible notes payable.

and Capital Resources

4 unchanged sentences

Working capital

decrease in current assets of $1,743 is mainly due to a decrease in cash from the payment of outstanding bills during the year ended

decrease in current assets of $721 is mainly due to a decrease in cash from the payment of outstanding bills during the year ended September

The increase in current liabilities of $27,686 is primarily due to the two new promissory notes issued during the year ended

September 30, 2018.

The increase in current liabilities of $12,250 is primarily due to accrued interest on two promissory notes issued

during the year ended September 30, 2018.

following table sets forth a summary of changes in cash flows for the years ended September 30, 2018 and 2017:

13 unchanged sentences

December 16, 2022, we had cash and cash equivalents of approximately $97,000.

During the year ended September 30, 2021,

the Company received an aggregate of $275,000 related to the issuance of 14 notes payable to various noteholders, including an aggregate

During the year ended September 30, 2021, the

Company received an aggregate of $275,000 related to the issuance of 14 notes payable to various noteholders, including an aggregate

of $35,000 as a result of two notes payable issued to the Companys Chief Executive Officer, a related party.

70 unchanged sentences

or modified disclosures upon issuance of ASU 2018-13.

The Company adopted ASU 2018-13 on October 1, 2020 and has determined that

the adoption of this guidance had no impact on its consolidated financial statements.

The Company adopted ASU 2018-13 on October 1, 2020 and has determined that the

adoption of this guidance had no impact on its consolidated financial statements.

May 2014, the FASB issued ASU, 2014-09—

9 unchanged sentences

The Company adopted

ASU 2014-09 on October 1, 2018 and has determined that the adoption of this guidance had no impact on its consolidated

financial statements.

ASU 2014-09 on October 1, 2018 and has determined that the adoption of this guidance had no impact on its consolidated financial statements.

February 2016, the FASB issued ASU No.

4 unchanged sentences

A lease liability is a lessees obligation to make lease payments arising

from a lease, measured on a discounted basis and a right-of-use asset represents the lessees right to use, or control use of,

a specified asset for the lease term.

from a lease, measured on a discounted basis and a right-of-use asset represents the lessees right to use, or control use of, a

specified asset for the lease term.

The amendments in this ASU simplify the accounting for sale and leaseback transactions primarily

4 unchanged sentences

2016-02 is effective for reporting periods beginning after December

The Company adopted ASU 2016-02 on October 1, 2019 and has determined that the adoption of this guidance had

no impact on its consolidated financial statements.

The Company adopted ASU 2016-02 on October 1, 2019 and has determined that the adoption of this guidance had no impact on its

consolidated financial statements.

April 2016, the FASB issued ASU 2016 –

10 Revenue from Contracts with Customers:

identifying Performance Obligations

and Licensing .

The amendments in this Update clarify the two following aspects (a) contracts with customers to transfer goods

and services in exchange for consideration and (b) determining whether an entitys promise to grant a license provides a customer

with either a right to use the entitys intellectual property (which is satisfied at a point in time) or a right to access the

entitys intellectual property (which is satisfied over time).

The amendments in this Update are intended to reduce the degree

of judgement necessary to comply with Topic 606.

Public business entities will adopt the standard for annual reporting periods beginning

after December 15, 2017, including interim periods within that year.

The Company adopted ASU 2016-10 on October 1, 2018

and has determined that the adoption of this guidance had no impact on its consolidated financial statements.

identifying Performance Obligations and

The amendments in this Update clarify the two following aspects (a) contracts with customers to transfer goods and

services in exchange for consideration and (b) determining whether an entitys promise to grant a license provides a customer with

either a right to use the entitys intellectual property (which is satisfied at a point in time) or a right to access the entitys

intellectual property (which is satisfied over time).

The amendments in this Update are intended to reduce the degree of judgement necessary

to comply with Topic 606.

Public business entities will adopt the standard for annual reporting periods beginning after December 15,

2017, including interim periods within that year.

The Company adopted ASU 2016-10 on October 1, 2018 and has determined that the adoption

of this guidance had no impact on its consolidated financial statements.

August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash

14 unchanged sentences

periods beginning after December 15, 2017, including interim periods within those periods.

The Company adopted ASU 2017-01 on

October 1, 2018 and has determined that the adoption of this guidance had no impact on its consolidated financial statements.

The Company adopted ASU 2017-01 on October

1, 2018 and has determined that the adoption of this guidance had no impact on its consolidated financial statements.

May 10, 2017, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) 2017-09

Compensation—Stock Compensation (Topic 718):

Scope of Modification Accounting , which provides guidance

to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification.

Under the new guidance,

modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or

liability) changes as a result of the change in terms or conditions.

The guidance is effective prospectively for all companies for annual

periods beginning on or after December 15, 2017.

Scope of Modification Accounting , which provides guidance to clarify

when to account for a change to the terms or conditions of a share-based payment award as a modification.

Under the new guidance, modification

accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes

as a result of the change in terms or conditions.

The guidance is effective prospectively for all companies for annual periods beginning

on or after December 15, 2017.

Early adoption is permitted.

The Company adopted ASU 2017-09 on October 1, 2018

and has determined that the adoption of this guidance had no impact on its consolidated financial statements.

The Company adopted ASU 2017-09 on October 1, 2018 and has determined that

the adoption of this guidance had no impact on its consolidated financial statements.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity