Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended 78 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
OPERATING EXPENSES          
General and administrative $ 146,777 $ 33,822 $ 204,554 $ 104,012 $ 1,650,463
Professional fees 400,804 74,149 785,019 121,180 3,734,844
Research and development 607,840 433,789 1,960,196 1,012,302 6,996,531
Salaries and wages 812,962 126,383 1,040,107 245,400 3,360,828
Total Operating Expenses 1,968,383 668,143 3,989,876 1,482,894 15,742,666
OPERATING LOSS (1,968,383) (668,143) (3,989,876) (1,482,894) (15,742,666)
OTHER INCOME (EXPENSE)          
Interest expense     (513) (559) (56,742)
Gain/(Loss) on derivative liability   285,481   (1,117,642) (1,801,871)
Gain on sale of assets         70,500
Gain on settlement of debt         153,557
Other income and expense 132 90,404 213 90,485 154,497
Total Other Income (Expense) 132 375,885 (300) (1,027,716) (1,480,059)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (1,968,251) (292,258) (3,990,176) (2,510,610) (17,222,725)
LOSS BEFORE DISCONTINUED OPERATIONS (1,968,251) (292,258) (3,990,176) (2,510,610) (17,222,725)
Income from discontinued operations(including gain on disposal of $606,000)         678,413
GAIN ON DISCONTINUED OPERATIONS         678,413
NET LOSS $ (1,968,251) $ (292,258) $ (3,990,176) $ (2,510,610) $ (16,544,312)
BASIC AND DILUTED LOSS PER SHARE          
Continuing operations $ (0.10) $ (0.02) $ (0.20) $ (0.16)  
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00  
[us-gaap:EarningsPerShareBasicAndDiluted] $ (0.10) $ (0.02) $ (0.20) $ (0.16)  
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING          
BASIC AND DILUTED 20,237,591 15,935,576 20,053,535 15,895,743