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Corrections to Previously Issued Consolidated Financial Statements

6 Months Ended

Mar. 31, 2016

Corrections to Previously Issued Consolidated Financial Statements [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 and $0 for the three and six months ended March 31, 2016. Instead, our research and development expenses were $6,500,000 and $10,000,000 for the three and six months ended March 31, 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 March 31, 2016.

		As of and for the Period Ended  March 31, 2016
		Previously  Reported				Adjustments				Restated
Consolidated Statements of Balance Sheets
Due to related party			-				10,000,000				10,000,000
Accumulated deficit			(425,749	)			(10,000,000	)			(10,425,749	)
Consolidated Statements of Operations and Comprehensive Loss
For the three months ended March 31, 2016
Research and development expenses			-				6,500,000				6,500,000
Net Loss			(108,712	)			(6,500,000	)			(6,608,712	)
Basic and diluted loss per share			(0.00	)			(0.03	)			(0.03	)
For the six months ended March 31, 2016
Research and development expenses			-				10,000,000				10,000,000
Net Loss			(110,1470				(10,000,000	)			(10,110,147	)
Basic and diluted loss per share			(0.00	)			(0.05	)			(0.05	)

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- References

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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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