v3.4.0.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Sep. 30, 2015
Current Assets
Cash & cash equivalents	$ 14,088	$ 4,737
Restricted cash	10,000	10,000
Accounts receivable	$ 0	$ 0
Note receivable, net of allowance for uncollectable accounts of $52,347
Prepaid expenses and other current assets	$ 56,173	$ 63,696
Deferred loan fees	41,667	142,061
Total current assets	121,928	220,494
Property and equipment, net	57,748	70,203
Total assets	179,676	290,697
Current liabilities
Accounts payable	511,108	344,484
Accrued compensation and related expenses	911,468	719,540
Other liabilities	103,083	98,583
Notes payable and accrued interest, net of discount of $68,125 and $72,255 respectively	515,442	860,825
Total current liabilities	2,041,101	$ 2,023,432
Long term liabilities
Notes payable, net of discount of $409,098 and $0 respectively	73,580
Total liabilities	$ 2,114,681	$ 2,023,432
COMMITMENTS AND CONTINGENCIES (SEE NOTE 7)
Stockholders' deficit
Preferred stock $0.001par value: 5,000,000 shares authorized Series B convertible: 2,222,022 shares designated, 1,198,236 and 1,203,576 shares issued and outstanding, respectively	$ 1,198	$ 1,204
Common stock $0.001 par value, 5,400,000,000 shares authorized, 1,622,772,923 and 1,286,829,462 shares issued and outstanding, respectively	1,622,773	1,286,829
Additional paid-in-capital	64,549,286	63,710,437
Accumulated deficit	(68,108,262)	(66,731,205)
Total stockholders' deficit	(1,935,005)	(1,732,735)
Total liabilities and stockholders' deficit	$ 179,676	$ 290,697

Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer and [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid.

+ References

No definition available.

NEAH POWER SYSTEMS, INC. 10-Q