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Corrections to Previously issued consolidated financial statements

9 Months Ended

Jun. 30, 2016

Accounting Changes and Error Corrections [Abstract]

CORRECTIONS TO PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS

2. CORRECTIONS TO PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS

The Company discovered that it had erroneously stated that the research and development expenses were $0 during the nine months ended March 31, 2016. Instead, our research and development expenses were $10,000,000 for the nine months ended June 30, 2016.

The following tables present the effect of the correction discussed above and other adjustments on selected line items of our previously reported consolidated financial statements as of and for the period ended June 30, 2016.

		As of and for the Year Ended  June 30, 2016
		Previously  Reported				Adjustments				Restated
Consolidated Statements of Operations and Comprehensive Loss
Prepayment			3,500,000				(3,500,000	)			-
Due to related party			-				6,500,000				6,500,000
Accumulated deficit			(669,207	)			(10,000,000	)			(10,669,207	)
Consolidated Statements of Operations and Comprehensive Loss
For the nine months ended June 30, 2016
Research and development expenses			-				10,000,000				10,000,000
Net Loss			(352,769	)			(10,000,000	)			(10,352,769	)
Basic and diluted loss per share			(0.00	)			(0.05	)			(0.05	)

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- References

No definition available.

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- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 6.G.2.b(b)(1))
-URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e31034-122693

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 23
-URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22595-107794

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 1.N.Q3)
-URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e30840-122693

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