NEXT FUEL, INC.

CIK:0001422949|SEC Filings

Condensed Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Condensed Statements of Operations - USD ($)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Operating Expenses
Professional fees	$ 219,049	$ 44,652	$ 296,794	$ 237,216
Research and development costs	0	0	0	766
Salary Expense	93,711	175,188	197,346	355,033
General and administrative	145,216	421,236	308,056	520,198
Total Operating Expenses	457,976	641,076	802,196	1,113,213
Loss from Operations	(457,976)	(641,076)	(802,196)	(1,113,213)
Other Expenses
Interest Income	29	136	107	367
Interest Expense	(4,098)	0	(8,271)	0
Total Other Income/(Expense)	(4,069)	136	(8,164)	367
LOSS FROM CONTINUING OPERATIONS	(462,045)	(640,940)	(810,360)	(1,112,846)
LOSS FROM DISCONTINUED OPERATIONS	0	(35,791)	0	(146,871)
NET LOSS	$ (462,045)	$ (676,731)	$ (810,360)	$ (1,259,717)
Net Loss Per Share - Basic and Diluted
Continuing Operations (in dollars per share)	$ (0.03)	$ (0.06)	$ (0.05)	$ (0.10)
Discontinued Operations (in dollars per share)	0	(0.00)	0	(0.01)
Net Loss (in dollars per share)	$ (0.03)	$ (0.06)	$ (0.05)	$ (0.11)
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	15,190,833	10,879,167	15,112,610	11,027,445

Condensed Statements of Cash Flows - USD ($)	6 Months Ended
Condensed Statements of Cash Flows - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Cash Flows Used In Operating Activities:
Net Loss from continuing operations	$ (810,360)	$ (1,112,846)
Net Loss from discontinued operations	0	(146,871)
Adjustments to reconcile net loss to net cash used in operations
Share based compensation - stock options	279,016	161,970
Depreciation and amortization expense	120,074	2,850
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses	5,720	5,533
Increase in accounts payable and accrued expenses	61,531	(17,067)
Increase (decrease) in accounts payable - related parties	56,955	302,724
Cash flows from operating activities of discontinued operations	0	(8,185)
Net Cash Used In Operating Activities	(287,064)	(811,892)
Cash Flows Used in Investing Activities:
Purchase of Fixed Assets	(3,746)	0
Deposit on equipment	0	(100,000)
Security deposit	(100)	(112)
Net Cash Used In Investing Activities	(3,846)	(100,112)
Cash Flows Provided By Financing Activities:
Common stock issued for cash	125,000	0
Net Cash Provided By Financing Activities	125,000	0
Net Decrease in Cash	(165,910)	(912,004)
Cash at Beginning of Year/Period	192,044	1,021,942
Cash at End of Year/Period	$ 26,134	$ 109,938

Condensed Balance Sheets - USD ($)	Mar. 31, 2015	Sep. 30, 2014
Current Assets
Cash	$ 26,134	$ 192,044
Prepaid Expenses	6,297	12,017
Security Deposit	75,452	75,352
Total Current Assets	107,883	279,413
Equipment, net	563,194	624,522
Intangibles (Notes 1(G) and 2(B))	265,000	295,000
Lease Acquisition Costs, net	120,833	145,833
Total Assets	1,056,910	1,344,768
Current Liabilities
Accounts payable and accrued expenses	150,144	88,613
Accounts payable and accrued expenses - related party	89,059	32,104
Accrued lease origination costs, including $0 and $50,000 due to a related party, respectively	0	150,000
Accrued stock award due to an executive officer	0	525,000
Current portion of lease payable (Note 5)	73,099	48,650
Total Current Liabilities	312,302	844,367
Lease Payable (Note 5)	76,901	101,350
Total Liabilities	$ 389,203	$ 945,717
Commitments and Contingencies (Note 5)
Stockholders' Equity
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, none issued and outstanding	$ 0	$ 0
Common stock, $0.0001 par value; 100,000,000 shares authorized, 15,347,500 and 13,997,500 issued and outstanding as of March 31, 2015 and September 30, 2014, respectively	1,535	1,400
Additional paid-in capital	30,669,498	29,590,617
Accumulated deficit	(30,003,326)	(29,192,966)
Total Stockholders' Equity	667,707	399,051
Total Liabilities and Stockholders' Equity	$ 1,056,910	$ 1,344,768