Financials

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
CURRENT ASSETS      
Cash and Cash Equivalents $ 46,301 $ 351,058 $ 845,084
Accounts Receivable (Note 3) 265 262 440
Deposit 8,749 9,357 10,286
Prepayment 27,472 30,842 1,428
TOTAL CURRENT ASSETS 82,787 391,519 857,238
NON-CURRENT ASSETS      
Property, Plant and Equipment, net (Note 4) 5,879 10,874 15,706
Loan Receivable 1,016
Deferred Charges (Note 5) 348,913 423,380 496,166
TOTAL NON-CURRENT ASSETS 354,792 434,254 512,888
TOTAL ASSETS 437,579 825,773 1,370,126
CURRENT LIABILITIES      
Accounts Payable and Accrued Liabilities (Note 6) 769,405 598,229 490,433
Unearned Revenue 376,046 394,724 407,580
TOTAL CURRENT LIABILITIES 1,145,451 992,953 898,013
NON-CURRENT LIABILITIES      
Notes Payable (Note 7) 2,112,101 1,556,318 1,328,516
TOTAL LIABILITIES 3,257,552 2,549,271 2,226,529
STOCKHOLDERS' DEFICIENCY      
Common Stock: $ 0.0001 par value, Authorized: 250,000,000 shares; Issued and outstanding September 30, 2016: 89,336,000, 2015 and 2014: 89,036,000 (Notes 10,12,13) 8,934 8,904 8,904
Additional Paid-in Capital 25,870,095 25,213,365 24,727,453
Deficit (28,916,005) (27,147,910) (25,777,160)
Accumulated Other Comprehensive Loss (1,888) (1,286) (2,980)
Non-Controlling Interest (Note 7) 218,891 203,429 187,380
TOTAL STOCKHOLDERS' EQUITY / (DEFICIENCY) (2,819,973) (1,723,498) (856,403)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/DEFICIENCY $ 437,579 $ 825,773 $ 1,370,126

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v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]      
License Fees and Royalties
TOTAL REVENUES
General and Administrative Expenses 1,034,608 765,691 1,076,086
Goodwill impairment (Note 16)
Stock-based Compensation 566,760 485,912 2,692,960
Depreciation 4,577 4,793 4,804
LOSS FROM OPERATIONS (1,605,945) (1,256,396) (3,773,850)
OTHER INCOME      
Other income 20,227 13,364
Interest income 67 146 409
OTHER EXPENSES      
Interest Expense, net (146,605) (119,102) (96,670)
LOSS BEFORE INCOME TAXES (1,752,483) (1,355,125) (3,856,747)
INCOME TAX (Note 11)
Net Loss (1,752,483) (1,355,125) (3,856,747)
Net (Income)/Loss attributable to Non-Controlling interests (15,612) (15,625) (15,624)
Net Gain/(Loss) attributable to UMeWorld Limited Stockholders (1,768,095) (1,370,750) (3,872,371)
Comprehensive Loss      
Net Gain/(Loss) (1,768,095) (1,370,750) (3,872,371)
Translation Adjustment (752) 2,118 (1,174)
Comprehensive Gain/(Loss) (1,768,847) (1,368,632) (3,873,545)
Comprehensive Income/(Loss) Attributable to Non-Controlling Interests 150 (424) 235
Comprehensive Gain/(Loss) Attributable to UMeWorld Limited Stockholders $ (1,768,697) $ (1,369,056) $ (3,873,310)
Per Share Data      
Net Loss Per Share, basic and diluted $ (0.0198) $ (0.0154) $ (0.0435)
Weighted Average Number of Common Shares Outstanding 89,261,000 89,036,000 89,036,000

Source

v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES      
Net Loss $ (1,752,483) $ (1,355,125) $ (3,856,747)
Noncash item:      
Goodwill impairment
Non-Controlling Interest 15,462 16,049 15,389
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 4,577 4,793 66,668
Stock based compensation 656,760 485,912 2,692,960
Changes in assets and liabilities:      
Decrease/(Increase) in Prepayment 3,370 (29,414) 14,751
Decrease/(Increase) in Deferred Charges 74,467 72,786 47,914
Decrease/(Increase) in Accounts Receivable (3) 178 162,099
Decrease/(Increase) in Loans Receivable 1,016 (1,016)
(Decrease)/Increase in Accounts Payable and Accruals Liabilities 171,176 107,796 154,532
(Decrease)/Increase in Accrued Interest and Notes Payable 57,834 48,290 67,977
Decrease/(Increase) in Deposit 608 929 (551)
Machinery & Equipment written off
NET CASH USED IN OPERATING ACTIVITIES (768,232) (646,790) (636,024)
CASH FLOWS FROM INVESTING ACTIVITIES      
(Purchase)/Sale of Machinery and Equipment (307) (14,291)
NET CASH USED IN INVESTING ACTIVITIES (307) (14,291)
CASH FLOWS FROM FINANCING ACTIVITIES      
Additional Paid-in Capital (79,029)
Issuance (repayment) of Notes Payable, net 391,158 276,349 318,923
NET CASH PROVIDED BY FINANCING ACTIVITIES 391,158 276,349 239,894
Effect of exchange rate changes on cash and cash equivalents 72,317 (123,278) 5,521
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (304,757) (494,026) (404,900)
CASH and cash equivalents, beginning of year 351,058 845,084 1,249,984
CASH and cash equivalents, end of year 46,301 351,058 845,084
SUPPLEMENTARY DISCLOSURE:      
Income Tax Paid
Interest Paid $ 154,730 $ 48,029 $ 67,977

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