v3.24.1.1.u2

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Sep. 30, 2023
CURRENT ASSETS
Cash	$ 9,812	$ 21,415
Prepaid expenses	75,833	40,833
TOTAL ASSETS	85,645	62,248
CURRENT LIABILITIES
Accounts payable	636,784	514,686
Accrued expenses and other current liabilities	2,642,342	1,982,567
Derivative and warrants liabilities	1,314,660	2,982,382
Due to related parties	181,217	181,217
Short term loans, related parties	34,000	21,000
Convertible promissory notes, net of debt discount and debt issuance costs of $55,670 and $0 respectively	2,118,038	2,166,380
Convertible promissory note related party, net of debt discount and debt issuance cost of $0 and $0, respectively	12,500	12,500
Total Current Liabilities	6,939,541	7,860,732
TOTAL LIABILITIES	6,939,541	7,860,732
SHAREHOLDERS' DEFICIT
Preferred Stock Series B, $0.01 par value, 25,000 authorized 25,000 and 25,000 shares issued and outstanding, respectively	6	6
Common stock, no par value; 2,000,000,000 authorized common shares 30,512,014 and 21,744,209 shares issued and outstanding, respectively	43,784,278	43,683,197
Additional paid in capital	5,338,906	5,335,398
Paid in capital, common stock option and warrants	5,367,273	5,338,273
Paid in capital, preferred stock	4,747,108	4,747,108
Accumulated deficit	(66,091,467)	(66,902,466)
TOTAL SHAREHOLDERS' DEFICIT	(6,853,896)	(7,798,484)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 85,645	$ 62,248

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

NovAccess Global Inc. 10-Q