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LIABILITY TO ISSUE STOCK
12 Months Ended
Sep. 30, 2022
LIABILITY TO ISSUE STOCK  
LIABILITY TO ISSUE STOCK

NOTE 12 - LIABILITY TO ISSUE STOCK

The liability represents the remaining 10,500,000 common shares owed measured at fair value shares arising from conversion notice received by Esousa for its current note on September 30, 2022.  Due to the insufficient number of authorized shares available to settle the conversion into 28,000,000 common shares, only 17,500,000 shares were issued to Esousa.  

On September 30, 2021, the liability represents an obligation to issue approximately $7.0 million payable in shares of common stock to Preferred Management Partners.