Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITY AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________

FORM 10-Q

____________________

(MARK ONE)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2023

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission File Number: 333-170315

GlobeStar Therapeutics Corporation

(Exact name of registrant as specified in its charter)

Wyoming		27-3480481
(State or other jurisdiction of Incorporation or organization)		(I.R.S. Employer Identification Number)

719 Jadwin Avenue, Richland, WA		99352
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code: 206-451-1970

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☐
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act: None.

Title of each class	Trading Symbol	Name of each exchange on which registered
Common	GSTC	N/A

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of August 14, 2023, 934,888,558 shares of common stock issued and outstanding.

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements	4

Consolidated Balance Sheets as of June 30, 2023 (Unaudited) and September 30, 2022	4

Consolidated Statements of Operations for the Three and Nine Months Ended June 30, 2023 and 2022 (Unaudited)	5

Consolidated Statements of Stockholders’ Deficit for the Three and Nine Months Ended June 30, 2023 and 2022 (Unaudited)	6-7

Consolidated Statements of Cash Flows for the Nine Months Ended June 30, 2023 and 2022 (Unaudited)	8

Notes to the Unaudited Consolidated Financial Statements	9

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	16

Item 3. Quantitative and Qualitative Disclosures about Market Risk	18

Item 4. Controls and Procedures	18

PART II — OTHER INFORMATION

Item 1. Legal Proceedings	19

Item 1A. Risk Factors	19

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	19

Item 3. Defaults upon Senior Securities	19

Item 4. Mine Safety Disclosures	19

Item 5. Other Information	19

Item 6. Exhibits	20

SIGNATURES	21

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this report contain or may contain forward-looking statements. These statements, identified by words such as “plan”, “anticipate”, “believe”, “estimate”, “should”, “expect” and similar expressions include our expectations and objectives regarding our future financial position, operating results and business strategy. These statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward - looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to secure suitable financing to continue with our existing business or change our business and conclude a merger, acquisition or combination with a business prospect, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Readers should carefully review this report in its entirety, including but not limited to our financial statements and the notes thereto and the risks described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022. We advise you to carefully review the reports and documents we file from time to time with the Securities and Exchange Commission (the “SEC”), particularly our quarterly reports on Form 10-Q and our current reports on Form 8-K. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

OTHER PERTINENT INFORMATION

When used in this report, the terms, “we,” the “Company,” “our,” and “us” refers to GlobeStar Therapeutics Corporation, a Wyoming corporation and its subsidiaries unless the context specifically indicates otherwise.

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PART I — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GLOBESTAR THERAPEUTICS CORPORATION

CONSOLIDATED BALANCE SHEETS


	June 30,			September 30,
	2023			2022
	(Unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	—		$	6,365
Prepaid expenses		—			3,550
Total current assets		—			9,915
TOTAL ASSETS	$	—		$	9,915

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	488,098		$	380,735
Accounts payable to related party		443,165			379,126
Related party advances		5,600			12,400
Advances payable		59,650			59,650
Current portion of convertible notes payable, net of discount of $5,422 and $0, respectively		15,878			20,000
Series G Preferred Stock Liability, net of discount of $9,083 and $12,581, respectively		40,693			126,294
Accrued interest payable		224,049			226,270
Total current liabilities		1,277,133			1,204,475
TOTAL LIABILITIES		1,277,133			1,204,475

COMMITMENTS AND CONTINGENCIES		—			—

STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value; 872,269,343 and 722,326,669 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively		872,268			722,325
Preferred stock; 20,000,000 shares authorized:
Series A Preferred Stock, $0.001 par value, 0 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively		—			—
Series D Preferred Stock, $0.001 par value; 509,988 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively		510			510
Series E Preferred Stock, $0.001 par value; 1,000,000 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively		1,000			1,000
Series F Preferred Stock; $0.001 par value; 128,991 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively		129			129
Additional paid-in capital		17,919,911			16,581,252
Stock payable, consisting of 9,620,415 and 1,515,152 shares to be issued at June 30, 2023 and September 30, 2022, respectively		32,500			5,000
Accumulated deficit		(20,103,451	)		(18,504,776	)

TOTAL STOCKHOLDERS' DEFICIT		(1,277,133	)		(1,194,560	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	—		$	9,915

The accompanying footnotes are an integral part of these unaudited consolidated financial statements.

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GLOBESTAR THERAPEUTICS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)


	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2023			2022			2023			2022

REVENUE	$	—		$	—		$	—		$	—
Cost of goods sold		—			—			—			—
Gross profit (loss)		—			—			—			—

OPERATING EXPENSES
General and administrative expenses		1,279,283			136,618			1,576,583			965,222
Total operating expenses		1,279,283			136,618			1,576,583			965,222

LOSS FROM OPERATIONS		(1,279,283	)		(136,618	)		(1,576,583	)		(965,222	)

OTHER INCOME (EXPENSE)
Gain (loss) on settlement of liabilities, related party		6,724			—			6,724			(146,460	)
Loss on conversion of preferred stock liability		—			(10,821	)		—			(10,821	)
Interest expense		(9,970	)		(10,664	)		(28,816	)		(56,999	)
Total other expense		(3,246	)		(21,485	)		(22,092	)		(214,280	)

Net Loss	$	(1,282,529	)	$	(158,103	)	$	(1,598,675	)	$	(1,179,502	)

Net loss per share available to common shareholders	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average shares outstanding - basic and diluted		843,524,583			637,492,475			790,556,670			603,807,518

The accompanying footnotes are an integral part of these unaudited consolidated financial statements.

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GLOBESTAR THERAPEUTICS CORPORATION

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

(UNAUDITED)


				Series D			Series E			Series F					Additional									Total
	Common Stock			Preferred Stock			Preferred Stock			Preferred Stock					Paid-in			Stock			Accumulated			Equity
	Shares	Par		Shares	Amount		Shares	Amount		Shares		Amount			Capital			Payable			Deficit			(Deficit)

Balance, September 30, 2021	561,495,726	$	561,494	509,988	$	510	1,000,000	$	1,000	386,975		$	387		$	15,228,254		$	499,500		$	(17,016,966	)	$	(725,821	)

Conversion of Series F Preferred Stock to common	12,899,100		12,899	—		—	—		—	(128,991	)		(129	)		(12,770	)		—			—			—
Common stock issued for stock payable	19,980,000		19,980	—		—	—		—	—			—			479,520			(499,500	)		—			—
Common stock issued for settlement of liability	6,000,000		6,000	—		—	—		—	—			—			155,460			—			—			161,460
Net loss for the three months ended December 31, 2021	—		—	—		—	—		—	—			—			—			—			(332,841	)		(332,841	)
Balance, December 31, 2021	600,374,826	$	600,373	509,988	$	510	1,000,000	$	1,000	257,984		$	258		$	15,850,464		$	—		$	(17,349,807	)	$	(897,202	)
																									—
Conversion of Series G Preferred Stock to common	5,416,667		5,417	—		—	—		—	—			—			20,583			—			—			26,000
Stock-based compensation	—		—	—		—	—		—	—			—			322,266			—			—			322,266
Stock-based compensation, related parties	—		—	—		—	—		—	—			—			154,095			—			—			154,095
Net loss for the three months ended March 31, 2022	—		—	—		—	—		—	—			—			—			—			(688,558	)		(688,558	)
Balance, March 31, 2022	605,791,493	$	605,790	509,988	$	510	1,000,000	$	1,000	257,984		$	258		$	16,347,408		$	—		$	(18,038,365	)	$	(1,083,399	)

Conversion of Series G Preferred Stock to common	78,575,812		78,576	—		—	—		—	—			—			182,235			—			—			260,811
Stock-based compensation, related parties	—		—	—		—	—		—	—			—			14,245			—			—			14,245
Net loss for the three months ended June 30, 2022	—		—	—		—	—		—	—			—			—			—			(158,103	)		(158,103	)
Balance, June 30, 2022	684,367,305	$	684,366	509,988	$	510	1,000,000	$	1,000	257,984		$	258		$	16,543,888		$	—		$	(18,196,468	)	$	(966,446	)

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GLOBESTAR THERAPEUTICS CORPORATION

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

(UNAUDITED)


				Series D			Series E			Series F			Additional								Total
	Common Stock			Preferred Stock			Preferred Stock			Preferred Stock			Paid-in		Stock			Accumulated			Equity
	Shares	Par		Shares	Amount		Shares	Amount		Shares	Amount		Capital		Payable			Deficit			(Deficit)

Balance, September 30, 2022	722,326,669	$	722,325	509,988	$	510	1,000,000	$	1,000	128,991	$	129	$	16,581,252	$	5,000		$	(18,504,776	)	$	(1,194,560	)

Common stock subscribed for cash proceeds	—		—	—		—	—		—	—		—		—		5,000			—			5,000
Conversion of Series G Preferred Stock to common	48,033,947		48,034	—		—	—		—	—		—		52,066		—			—			100,100
Stock-based compensation, related parties	—		—	—		—	—		—	—		—		17,803		—			—			17,803
Net loss for the three months ended December 31, 2022	—		—	—		—	—		—	—		—		—		—			(165,909	)		(165,909	)
Balance, December 31, 2022	770,360,616	$	770,359	509,988	$	510	1,000,000	$	1,000	128,991	$	129	$	16,651,121	$	10,000		$	(18,670,685	)	$	(1,237,566	)

Common stock subscribed for cash proceeds	—		—	—		—	—		—	—		—		—		15,000			—			15,000
Conversion of Series G Preferred Stock to common	8,066,567		8,066	—		—	—		—	—		—		36,264		—			—			44,330
Common stock issued for the conversion of debt	2,000,000		2,000	—		—	—		—	—		—		18,000		—			—			20,000
Stock-based compensation, related parties	—		—	—		—	—		—	—		—		17,803		—			—			17,803
Net loss for the three months ended March 31, 2023	—		—	—		—	—		—	—		—		—		—			(150,237	)		(150,237	)
Balance, March 31, 2023	780,427,183	$	780,425	509,988	$	510	1,000,000	$	1,000	128,991	$	129	$	16,723,188	$	25,000		$	(18,820,922	)	$	(1,290,670	)

Common stock subscribed for cash proceeds	—		—	—		—	—		—	—		—		—		32,500			—			32,500
Conversion of Series G Preferred Stock to common	16,714,815		16,715	—		—	—		—	—		—		27,615		—			—			44,330
Common stock issued for stock payable	10,443,723		10,444	—		—	—		—	—		—		14,556		(25,000	)		—			—
Common stock issued for settlement of liability	14,683,622		14,684	—		—	—		—	—		—		78,694		—			—			93,378
Stock-based compensation	50,000,000		50,000	—		—	—		—	—		—		361,761		—			—			411,761
Stock-based compensation, related parties	—		—	—		—	—		—	—		—		714,097		—			—			714,097
Net loss for the three months ended June 30, 2023	—		—	—		—	—		—	—		—		—		—			(1,282,529	)		(1,282,529	)
Balance, June 30, 2023	872,269,343	$	872,268	509,988	$	510	1,000,000	$	1,000	128,991	$	129	$	17,919,911	$	32,500		$	(20,103,451	)	$	(1,277,133	)

The accompanying footnotes are an integral part of these unaudited consolidated financial statements.

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GLOBESTAR THERAPEUTICS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)


	Nine Months Ended
	June 30,
	2023			2022

CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(1,598,675	)	$	(1,179,502	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation		411,761			322,266
Stock compensation, related parties		749,703			168,340
Amortization of discount on convertible note payable		23,777			44,046
(Gain) Loss on settlement of liabilities		(6,724	)		146,460
Loss on conversion of preferred stock liability		—			10,821
Changes in operating assets and liabilities
Prepaid expenses		3,550			—
Accounts payable and accrued liabilities		114,363			12,951
Accounts payable and accrued liabilities to related party		164,141			173,317
Accrued interest payable		5,039			12,953
NET CASH USED IN OPERATING ACTIVITIES		(133,065	)		(288,348	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible note payable, net		15,000			—
Proceeds from sale of Series G Preferred Stock		73,000			275,000
Proceeds from related party advances		3,700			23,900
Repayment of related party advances		(5,500	)		(16,500	)
Proceeds from common stock subscribed		40,500			—
NET CASH PROVIDED BY FINANCING ACTIVITIES		126,700			282,400

NET CHANGE IN CASH		(6,365	)		(5,948	)

Cash at beginning of period		6,365			5,960

Cash at end of period	$	—		$	12

Cash paid during the period for:
Interest	$	—		$	—
Taxes	$	—		$	—

Noncash investing and financing transactions:
Conversion of Series F preferred stock	$	—		$	12,889
Conversion of Series G preferred stock	$	181,500		$	265,375
Common stock issued for stock payable	$	25,000		$	499,500
Common stock issued for settlement of liabilities	$	—		$	15,000
Common stock issued for the conversion of debt	$	20,000		$	—
Expenses paid on the Company's behalf for subscription agreement	$	7,000		$	—

The accompanying footnotes are an integral part of these unaudited consolidated financial statements.

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GLOBESTAR THERAPEUTICS CORPORATION

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2023

(Unaudited)

Note 1. General Organization and Business

GlobeStar Therapeutics Corporation (the “Company”) was incorporated on April 29, 2016. The Company’s year-end is September 30. On October 4, 2019, the Company filed Articles of Continuance with the Secretary of State of Wyoming to continue its business in the state of Wyoming. As part of these Articles of Continuance, effective October 4, 2019, the Company has no limit on the authorized shares of common stock that can be issued. The Company filed its Certificate of Dissolution with the Secretary of State of Nevada on October 21, 2019 because it is no longer a Nevada corporation.

The Company is developing an expanded platform of products that include addition of treatment for Multiple Sclerosis and other neurodegenerative diseases. The potential pharmaceutical products related to treatment for multiple sclerosis are licensed to the Company through the worldwide licensing agreement described in Note 7.

Note 2. Going Concern and Summary of Significant Accounting Policies

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the nine months ended June 30, 2023, the Company had a net loss of $1,598,675 and cash flow used in operating activities of $133,065. As of June 30, 2023, the Company had negative working capital of $1,277,133. Management does not anticipate having positive cash flow from operations in the near future. The Company has minimal revenue. Without additional capital, the Company will not be able to remain in business.

These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

Management has plans to address the Company’s financial situation as follows:

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.

In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

Interim Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X and should be read in conjunction with the audited financial statements and notes thereto for the year ended September 30, 2022 which are included on our Form 10-K filed on January 9, 2023. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the three and nine months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2023.

Consolidated Financial Statements

The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, SomaCeuticals, Inc., First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation.

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Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Note 3. Convertible Notes Payable and Advances

Convertible notes payable consisted of the following at June 30, 2023 and September 30, 2022:


	June 30, 2023			September 30, 2022
Convertible note dated April 13, 2017 in the original principal amount of $20,000, no stated maturity date, bearing interest at 3% per year, convertible into common stock at a rate of $0.01 per share.	$	—		$	20,000
Convertible note dated May 10, 2023 in the original principal amount of 21,300 maturing May 10, 2024, bearing interest at 12%, convertible beginning six months from issuance into common stock at a rate of 61% of the lowest trading price during the 20 days prior to conversion.		21,300			—
Unamortized Discount		(5,422	)		—

Total current convertible notes payable, net of discount	$	15,878		$	20,000

All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.99% of the outstanding stock of the Company.

On May 10, 2023, the Company entered into a Securities Purchase Agreement (the “May 2023 Securities Purchase Agreement”) with 1800 Diagonal Lending LLC (“1800 Diagonal”). Pursuant to the terms of the May 2023 Securities Purchase Agreement, the Company issued a convertible promissory note (the “May 2023 Note”) to 1800 Diagonal in the aggregate principal amount of $21,300 with the Company receiving $15,000 in cash proceeds. Effective May 10, 2023, the Company issued the May 2023 Note to 1800 Diagonal consistent with the terms of the May 2023 Securities Purchase Agreement. The May 2023 Note bears interest at 12%, with a 22% rate in the event of default, with an Original Issue Discount of $1,050 and matures on May 10, 2024. Pursuant to the terms of the May 2023 Note, the outstanding principal and accrued interest on the note shall be convertible beginning six months from issuance into shares of the Company’s common stock at 61% of the lowest trading price of the Company’s common stock during the 20 days prior to conversion. The Company recognized $6,300 of discount and deferred finance costs and amortized $878 during the six months ended June 30, 2023.

As of June 30, 2023 and September 30, 2022, accrued interest on convertible notes payable was $222,287, respectively.

Conversions to Common Stock

During the nine months ended June 30, 2023, the holders of the April 2017 convertible note payable elected to convert principal of $20,000 into 2,000,000 shares of common stock. The conversion was in accordance with the terms of the agreement and no gain or loss was recognized.

Advances

As of June 30, 2023 and September 30, 2022, the Company had non-interest bearing advances payable to third parties of $59,650. These advances are payable on demand.

As of June 30, 2023 and September 30, 2022, the Company had non-interest bearing advances payable to third parties of $5,600 and $12,400, respectively. The Company received advances of $3,700 from officers of the Company, and repaid $5,500 during the six months ended June 30, 2023. These advances are payable on demand.

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Note 4. Related Party Transactions

As of June 30, 2023 and September 30, 2022, the Company owed $443,165 and $379,126 to officers of the Company for compensation which are recorded as accounts payable related party. Additionally, the Company received short term, unsecured, non-interest bearing advances from the Company’s CEO totaling $700. As of June 30, 2023, the Company owed $5,600 on these related party advances.

In February 2022, the Company entered into an amended and restatement employment agreement with Jim Katzaroff, the CEO. Mr. Katzaroff is entitled to an annual salary of $180,000 and a bonus as determined by the Board of Directors. Mr. Katzaroff may elect to receive payment in shares of stock based on the average of the three lowest trading prices for the 15 days prior to election of payment in stock. Further, in the event of a change of control of the Company, Mr. Katzaroff is entitled to a payment equal to 2.99 multiplied by the larger of the total compensation paid to Mr. Katzaroff over the prior 12-month period or the average compensation paid or payable to the Consultant over the prior three years.

The Company awarded Mr. Katzaroff a total of 35,000,000 common stock options with an exercise price of $0.009 per share, an exercise term of five years. The options vest 50% immediately, and the remainder on monthly basis over two years. Mr. Katzaroff is also entitled to additional options in the event of the Company issuing equity or equity equivalents in the future, with him receiving an amount of options equal to 3% of future options or warrants issued, excluding grants to officers.. The exercise price of these additional options will be 110% of the price per equity equivalent. The total fair value of these option grants at issuance was $284,840. During the nine months ended June 30, 2023 and 2022, the Company recognized $53,409 and $154,095 of stock-based compensation, related to outstanding stock options under this agreement, respectively. At June 30, 2023, the Company had $44,506 of unrecognized expense related to options.

Additionally, Mr. Katzaroff will earn a fee related to any strategic transaction, as defined in the agreement, including but not limited to acquisitions, divestitures, partnerships or joint ventures, of at least 2% for any transactions not introduced by Mr. Katzaroff, or 4% for any introduced by Mr. Katzaroff of up to $20,000,000, and an additional 0.75% - 3.5% for amounts above that threshold. As of June 30, 2023, no amounts have been earned or paid.

Mr. Katzaroff will also receive an activity fee of 3% of gross revenues related to activities including securing a variety of vendor, sales or advertising relationships, or any new revenue generating activity. If such activity is a cost saving initiative instead of revenue generating, Mr. Katzaroff will receive 10% of the cost savings. As of June 30, 2023, no amounts have been earned or paid.

On April 4, 2023, the Company issued 7,422,535 shares to James Katzaroff to settle $50,000 of accrued compensation. The Company recognized a loss of $3,442 on this issuance based on the fair value of the shares issued.

Note 5. Stockholders’ Deficit

The Company is authorized to issue an unlimited number of common shares of stock with a par value of $0.001 per share, and the following series of preferred stock:

Preferred Stock

Series A Preferred Stock – Our board of directors has designated up to 6,000,000 shares of Series A Preferred Stock. The Series A Preferred Stock has a liquidation value of $2.00 per share. The initial number issued is 5,000,000 with additional shares to be issued as a dividend not to exceed a total of 6,000,000 shares. The rank of the Series A is prior to all common and preferred shares. In addition, the Series A Preferred Stock retains protective provisions to maintain their seniority with respect to liquidation or dissolution. The Series A Preferred Stock holds no voting rights and earns an 8% per annum dividend, payable in additional shares of Series A Preferred Stock. At June 30, 2023 and September 30, 2022, there were no shares of our Series A Preferred Stock outstanding, respectively.

Series B Preferred Stock – Our board of directors has designated up to 1,000,000 shares of Series B Preferred Stock. The Series B Preferred Stock has a liquidation value of $1.00 per share. The holders of the Series B Preferred Stock are entitled to dividends of 8% per year payable quarterly in cash or in shares of common stock at the option of the Company. The holders of the Series B Preferred Stock have no voting rights. The Series B Preferred Stock is redeemable at the option of the Company at a price of $1.00 per share. At June 30, 2023 and September 30, 2022, there were no shares of our Series B Preferred Stock outstanding.

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Series C Preferred Stock – On September 12, 2017, our board of directors designated up to 1,200,000 shares of Series C Preferred Stock with a liquidation value of $0.50 per share. The holders of the Series C Preferred Stock have no voting rights. The Series C Preferred Stock is convertible at the option of the holder into shares of common stock at a rate of one share of common stock for each share of Series C Preferred Stock. The Series C Preferred Stock is redeemable at the option of the Company at a price of $0.50 per share. The Series C Preferred Stock has been canceled, and there are no shares of Series C Preferred Stock outstanding as of June 30, 2023 and September 30, 2022.

Series D Preferred Stock – On September 21, 2017, our board of directors designated up to 539,988 shares of Series D Preferred Stock with a liquidation value of $1.00 per share. The holders of the Series D Preferred Stock have no voting rights. The Series D Preferred Stock is convertible at the option of the holder into shares of common stock at a rate of $0.01 per share of common stock. The Series D Preferred Stock is not redeemable. At June 30, 2023 and September 30, 2022, there were 509,988 shares of Series D Preferred Stock outstanding.

Series E Preferred Stock – On August 3, 2015, our board of directors designated 1,000,000 shares of Series E Preferred stock. The Series E Preferred stock is subordinate to our common stock. It does not receive dividends and does not participate in equity distributions. The Series E Preferred stock retained 2/3 of the voting rights in the Company.

At June 30, 2023 and September 30, 2022, there were 1,000,000 shares of Series E Preferred stock outstanding. Dividends, when, as and if declared by the Board of Directors, shall be paid out of funds at the time legally available for such purposes.

Series F Preferred Stock – On September 21, 2017, our board of directors designated up to 501,975 shares of Series F Preferred Stock with a liquidation value of $1.00 per share. The holders of the Series F Preferred Stock have no voting rights. The Series F Preferred Stock is convertible at the option of the holder into shares of common stock at a rate of $0.01 per share of common stock. The Series F Preferred Stock is not redeemable. At September 30, 2021, 386,975 shares of the Series F Preferred Stock were issued and outstanding. During the year ended September 30, 2022, 257,984 shares of Series F Preferred Stock was converted into 25,798,400 shares of common stock. At June 30, 2023 and September 30, 2022, 128,991 shares of the Series F Preferred Stock were issued and outstanding.

Common stock issued for stock payable

In September 2022, the Company received two subscriptions of $5,000 in cash for 1,515,152 shares of common stock and an equal number of warrants to purchase common stock at an exercise price of $0.01 for one year. In December 2022, the Company received $5,000 of cash as a subscription for an additional 1,515,152 shares of common stock and an equal number of warrants to purchase common stock at an exercise price of $0.01 for one year. The warrants had a fair value of $4,067 based on a Black-Scholes pricing model using the following assumptions: 1) volatility of 176.37%; 2) risk free rate of 4.74%; 3) dividend yield of 0% and 4) expected term of 1 year. In February 2023, the Company received $8,000 of cash and $7,000 of expenses paid on the Company’s behalf as a subscription for 7,500,000 shares of common stock. The common shares were issued in May 2023.

Common Stock Warrants

During the nine months ended June 30, 2023, the Company amended the exercise price of the common stock warrants issued to investors in its 2021 private placement to reduce the price from $0.03 per share to $0.01 per share. In accordance with ASC 718, the Company estimated the incremental value of the warrants based on terms immediately preceding the amendment, and immediately after the amendment, using the follow range of assumptions in a Black-Scholes option price model: 1) volatility of 203%; 2) expected term of approximately one year; 3) risk-free rate of 5.05%; 5) a common stock price at the date of grant of $0.086 and 6) a dividend yield of 0%. The Company recognized stock-based compensation expense of $51,761 related to the repricing.

The following table summarizes the stock warrant activity for the nine months ended June 30, 2023:

	Warrants		Weighted- Average Exercise Price Per Share
Outstanding, September 30, 2022		71,385,152	$	0.02
Granted		5,048,986		0.01
Exercised		—		—
Forfeited		—		—
Expired		—		—
Outstanding, June 30, 2023		76,434,138	$	0.01

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As of June 30, 2023, the outstanding warrants had an expected remaining life of 2.13 years and have no aggregate intrinsic value.

Common Stock Options

The Company recognized $53,408 of expense related to the fair value of options vesting during the nine months ended June 30, 2023. The Company also recognized $696,294 of expense related to the estimated fair value of stock options awarded to officers of the Company. The Company awarded 50,000,000 options with a $0.01 exercise price to the Company’s CFO Robert Chicoski that expire in May 2026, and awarded 20,000,000 options with an exercise price of $0.01 each to Mr. Farley and Mr. Penderghast which expire in April 2026. The fair value was estimated using a Black-Scholes option pricing model and the following assumptions: 1) volatility of 184%; 2) expected term of approximately three years; 3) risk-free rate of 4.52%; 5) a common stock price at the date of grant of $0.086 and 6) a dividend yield of 0%. The option wards vested immediately.

At June 30, 2023, the Company had $44,506 of unrecognized expenses related to options.

The following table summarizes the stock option activity for the nine months ended June 30, 2023:

	Options			Weighted- Average Exercise Price Per Share
Outstanding, September 30, 2022		105,000,000		$	0.02
Granted		90,000,000			0.01
Exercised		—			—
Forfeited		—			—
Expired		(70,000,000	)		0.03
Outstanding, June 30, 2023		125,000,000		$	0.01

As of June 30, 2023, all outstanding options had an expected remaining life of 2.61 years and have no aggregate intrinsic value.

Common Stock issued for Services

On April 25, 2023, the Company issued 7,261,087 shares of common stock to 7 to Stand to settle the outstanding royalty balance of $50,102 under the License Agreement. The Company recognized a gain of $10,166 on the issuance related to the fair value of the shares. See Note 7.

On April 6, 2023, the Company issued 50,000,000 shares to a consultant for services rendered to the Company. The shares had a fair value of $360,000.

Note 6. Series G Preferred Stock

On August 11, 2021, our board of directors designated up to 1,000,000 shares of Series G Preferred Stock with a liquidation value of $1.00 per share. The holders of the Series G Preferred Stock have no voting rights except on matters related specifically to the Series G Preferred Stock. The Series G Preferred Stock carries a dividend of 8% of the stated value per share, which is cumulative and payable upon redemption, liquidation or conversion, and increases to 22% in case of default. The Series G Preferred Stock and accrued dividends are convertible beginning 180 days from issuance at the option of the holder into shares of common stock at a rate of a conversion price of 75% of the average three lowest trading prices during the 15 days prior to conversion. The Company will be required to redeem the Series G Preferred Stock upon the earlier of 15 months from issuance date or upon on event of default as defined in the agreement.

Based on the economic characteristics of the Series G Preferred Stock, the Company determined that the Series G should be accounted for as a liability under ASC 480-10, based on the discounted conversion price providing an effectively fixed monetary amount that the preferred stock is convertible into.

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During the six months ended March 31, 2023, the Company sold an aggregate of 89,100 shares of Series G Preferred Stock for net cash proceeds of $73,000. The Company recorded a debt discount of $16,100 for the difference between the cash proceeds and the total amount to be redeemed by the holder of $89,100. The Company amortized $15,584 of discount related to Series G Preferred Stock for the nine months ended June 30, 2023. The dividends on the Series G Preferred Stock are accrued as interest. The Company recognized $5,039 of interest on the Series G Preferred Stock and had an accrued interest balance of $1,762 and $3,983 as of June 30, 2023 and September 30, 2022, respectively. During the nine months ended June 30, 2023, the holder of the Series G converted 181,500 shares of Series G and $7,260 of dividends into 72,815,329 shares of common stock. The conversions were in accordance with the terms of the agreement and no gain or loss was recognized.

As of June 30, 2023 and September 30, 2022, 46,475 and 138,875 shares of the Series G Preferred Stock were issued and outstanding, respectively. The balance of the Series G Preferred stock liability was $40,693 and $126,294, respectively, net of unamortized discount of $5,782 and $12,581, respectively.

Note 7. License Agreement

Effective August 23, 2020 the Company’s wholly-owned subsidiary, SomaCeuticals, Inc. entered into an exclusive global license agreement with 7 to Stand, Inc. for the rights to U.S. patent 10,610,592 issued to Fabrizio de Silvestri, Terni, Italy, as inventor, April 7, 2020 for treatment of Multiple Sclerosis. In consideration for the license agreement, SomaCeuticals agreed to pay 7 to Stand a royalty of 7.1% of the net sales of any product developed under the patent on a worldwide basis. Additionally, the Company will issue shares of common stock to 7 to Stand upon completion of the following milestones:

●	Common shares representing 5% of total number of outstanding common shares of the Company immediately following any change of control of the Company; the Company issued 29,130,167 shares of common stock as a result of the change of control discussed in Note 5. These shares were issued in July 2021.

●	29,130,167 Common shares immediately following the first round of funding under a private offer of equity or debt securities; These shares were issued in July 2021.

●	29,130,167 Common shares immediately following the commencement of clinical trials for Federal Drug Administration clearance of the product; and

●	Common shares representing an adjustment to increase 7 to Stand’s total ownership to 19.99% of total number of outstanding common shares of the Company immediately following FDA clearance of the product for sale. The Company expects to issue 29,130,166 shares of common stock related to this provision if met.

●	$40,000 of royalties to be paid to 7 to Stand annually, on a quarterly basis. The license agreement may be terminated by 7 to Stand if 1) SomaCeuticals does not begin clinical trials within one year of the agreement; 2) if SomaCeuticals terminates the continuation of the clinical trials; or 3) shall not commence marketing the product within reasonable time after obtaining FDA approval.

The Company paid no royalties and accrued $23,852 of royalties and late fees during the nine months ended June 30, 2023. During the nine months ended June 30, 2023, The Company and 7 to Stand agreed to settle a total of $50,102 by issuance of 7,261,087 shares of common stock. The Company recognized a gain of $10,166 based on the fair value of the shares issued.

The Company owed $10,000 of royalties and late fees under this agreement as of June 30, 2023 and $26,250 as of September 30, 2022.

Note 8. Commitments

In February 2022, the Company entered into a consulting agreement with Spivak Management, Inc. (the “Consultant”). Under the agreement, the Consultant will provide business strategy advice and introductions to the Company for a period of five years unless mutually terminated sooner. Concurrently, the Kenin Spivak, who controls Spivak Management, Inc., entered into a stock purchase agreement with the Company to purchase 6,000,000 shares of common stock for $25,000 cash. The purchase and issuance of the shares was to be completed by June 30, 2022.

The Consultant will be paid a signing bonus of $25,000 upon receipt by the Company of the $25,000 cash under the stock purchase agreement described above. The Consultant will also receive the larger of $12,500 per month, or 50% of the CEO’s fixed cash compensation under the amended employment agreement described in Note 4. The Consultant may elect to receive this payment in stock.

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In July 2022, the consultant agreement and the stock purchase agreement were amended to reduce the subscription amount to $17,500. In August 2022, $17,500 was placed in escrow by the Mr. Spivak for the Company’s Benefit, and the Company paid $17,500 to the Consultant from the escrow account. The 6,000,000 shares owed to Mr. Spivak were not issued by June 30, 2023, and were issued in August 2023.

The Consultant may also receive a bonus in each calendar year of the agreement equal to the larger of any bonus awarded by the Board of Directors to the Consultant or 50% of the largest bonus payable by the Company to anyone other than the Consultant. If the agreement is terminated with one year of a change of control of the Company, the Consultant will be entitled to receive a payment equal to 2.99 times the larger of the total compensation paid to the Consultant over the prior 12 month period or the average compensation paid or payable to the Consultant over the prior three years. As of June 30, 2023 and September 30, 2022, the Company owed the consultant $200,000 and $100,000, respectively, included in accounts payable and accrued liabilities.

Note 9. Subsequent Events

In July 2023, the Company issued 50,998,800 shares to the holder of the Series D Preferred Stock for Full conversion of 509,988 shares outstanding.The Company also issued a total of 3,620,415 shares to settle subscription payables of $15,000.

In August 2023, the Company issued 2,000,000shares to Robert Chicoksi, CFO as settlement of $12,000 of accrued compensation.

The Company issued 6,000,000 shares to Mr. Spivak pursuant to the subscription agreement disclosed above.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

We changed our name to GlobeStar Therapeutics Corporation on April 27, 2021 to better reflect our expanded platform of products that include addition of treatment for Multiple Sclerosis and other neurodegenerative diseases.

GlobeStar Therapeutics Corporation, based in Richland Washington, is a clinical stage Pharmaceutical Company introducing a patented formulation of previously approved drugs for the treatment of Multiple Sclerosis. GlobeStar Therapeutics owns the exclusive global license from the inventors, who are based in Italy. GlobeStar Therapeutics is initiating discussions with the FDA on clinical trial design in preparation for FDA submission and approval pathway.

Prior to the Company’s current business plan, the Company was a wellness company dedicated to bringing innovative, effective and high-quality supplement products to the medical, wellness and adult-use markets through our marketing subsidiary, SomaCeuticals^TM.

Professional Team

We have adopted a Medical Advisory Board and appointed medical doctors and medical professionals that have extensive education and hands on experience with pharmaceutical and nutraceutical solution for prevention and treatment of disease.

Management’s Plan to Attract Capital

In the near term, management will utilize equity and debt financing to complete assembling the professional and management team to commence the process for clinical trials in compliance with FDA protocol. plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.

In the midterm, management will enhance its capital position with a public offering of equity securities to finance clinical trials and the necessary actions to obtain approval of worldwide marketing of our MS treatment.

In the long term, marketing the Company’s pharmaceutical and nutraceutical products will provide the necessary cash flow to support future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of capital to support near term and midterm business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to support its operations.

Corporate Governance

We have adopted codes and committees for governance of the corporation that include: (i) audit committee charter, (ii) written acknowledgement of code of ethics for directors and senior officers, (iii) compensation committee charter, (iv) confidential information policy, iv) corporate governance guidelines, (vi) executive committee charter, and (vii) nominating committee charter.

Critical Accounting Policies

We prepare our consolidated financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends, and other factors that management believes to be important at the time the consolidated financial statements are prepared. We regularly review our accounting policies, and how they are applied and disclosed in our consolidated financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our consolidated financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

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Results of Operations

Three Months Ended June 30, 2023 Compared to the Three Months Ended June 30, 2022

Revenue. We had no revenue for the three months ended June 30, 2023 and 2022.

Cost of goods sold. We had no cost of goods sold for the three months ended June 30, 2023 and 2022.

General and administrative expense. We recognized general and administrative expense of $1,279,283 for the three months ended June 30, 2023 compared to $136,618 for the comparable period of 2022. The increase in general and administrative expense was primarily related to $360,000 of stock-based compensation to a consultant, $714,097 related to options awarded to officers, and $51,761 related to the common stock warrant repricing in the three months ended June 30, 2023.

Interest expense. We recognized interest expense of $9,970 for the three months ended June 30, 2023 compared to $10,664 for the comparable period of 2022, including amortization of the discount on Series G Preferred Stock liability of $7,315 and $8,629 during the three months ended June 30, 2023 and 2022, respectively.

Gain/Loss on settlement of liabilities. We recognized a gain of $6,724 on the settlement of liabilities during the nine months ended June 30, 2023 related to shares issued for the settlement of royalty payable balance with 7 to Stand and the settlement of accrued compensation with the Company’s CEO.

Net loss. For the reasons above, we recognized a net loss of $1,282,529 for the three months ended June 30, 2023 compared to $158,103 for the three months ended June 30, 2022.

Nine Months Ended June 30, 2023 Compared to the Nine Months Ended June 30, 2022

Revenue. We had no revenue for the nine months ended June 30, 2023 and 2022.

Cost of goods sold. We had no cost of goods sold for the nine months ended June 30, 2023 and 2022.

General and administrative expense. We recognized general and administrative expense of $1,576,583 for the nine months ended June 30, 2023 compared to $965,222 for the comparable period of 2022. The increase in general and administrative expense was primarily related to an increase in stock -based compensation associated with common stock issued to a consultant of $360,000, new option awards to officers in the current period with expense of $696,294 and $51,761 related to the common stock warrant repricing, partially offset by a decrease in legal fees of $76,620.

Gain/Loss on settlement of liabilities. We recognized a gain of $6,724 and a loss of $146,460 on the settlement of liabilities during the nine months ended June 30, 2023 and 2022. In the current period, the shares related to the settlement of royalty payable balance with 7 to Stand and the settlement of accrued compensation with the Company’s CEO. In 2022, the loss was related to shares issued to settle $15,000 of advances.

Interest expense. We recognized interest expense of $28,816 for the nine months ended June 30, 2023 compared to $56,999 for the comparable period of 2023. The decrease was due primarily to the amortization of the discount on convertible notes payable and Series G Preferred Stock during the current period in the amount of $23,777 compared to $44,046 during the comparable period of the prior year.

Net loss. For the reasons above, we recognized a net loss of $1,598,675 for the nine months ended June 30, 2023 compared to $1,179,502 for the nine months ended March 31, 2022.

Liquidity and Capital Resources

At June 30, 2023, we had cash on hand of $0. The Company has negative working capital of $1,277,133. Net cash used in operating activities for the nine months ended June 30, 2023 was $133,065. Cash on hand is not adequate to fund our operations for less than twelve months. We do not expect to achieve positive cash flow from operating activities in the near future. We will require additional cash in order to implement our business plan. There is no guarantee that we will be able to attain fund when we need them or that funds will be available on terms that are acceptable to the Company. We have no material commitments for capital expenditures as of June 30, 2023.

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During the nine months ended June 30, 2023 the net loss of $1,598,675 was offset by the following non-cash operating expenses: stock compensation of $411,761, stock based compensation with related parties of $749,703, amortization of discount of $23,777 resulting in cash flows used in operating activities of $133,065. The Company had cash flows from financing activities of $126,700, primarily due to $73,000 from the proceeds of sale of Series G Preferred Stock, $40,500 in proceeds from the common stock subscribed and $3,700 of related party advances.

Additional Financing

Additional financing is required to continue operations. Although actively searching for available capital, the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available.

Off Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of June 30, 2023. Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of June 30, 2023, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed by us under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

1.	As of June 30, 2023, we did not maintain effective controls over the control environment. Specifically, we have not developed and effectively communicated to our employees our accounting policies and procedures. This has resulted in inconsistent practices. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

2.	As of June 30, 2023, we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.

Our management, including our principal executive officer and principal financial officer do not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

Change in Internal Controls Over Financial Reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

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PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder are an adverse party or has a material interest adverse to us.

ITEM 1A. RISK FACTORS

Not applicable to a smaller reporting company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Set forth below is information regarding the securities sold during the quarter ended June 30, 2023 that were not registered under the Securities Act:

Date of Sale	Title of Security	Number Sold	Consideration Received and Description of Underwriting or Other Discounts to Market Price or Convertible Security, Afforded to Purchasers	Exemption from Registration Claimed	If Option, Warrant or Convertible Security, terms of exercise or conversion

April 6, 2023	Common Stock	50,000,000	Stock for services	Section 3(a)(9) of the Securities Act	—
April 6, 2023	Common Stock	7,422,535	Settlement of liabilities	Section 3(a)(9) of the Securities Act	—
April 25, 2023	Common Stock	7,261,087	Settlement of liabilities	Section 3(a)(9) of the Securities Act	—
May 22, 2023	Common Stock	1,515,152	Cash subscription	Section 3(a)(9) of the Securities Act	—
May 22, 2023	Common Stock	1,428,571	Cash subscription	Section 3(a)(9) of the Securities Act	—
May 22, 2023	Common Stock	7,500,000	Cash subscription	Section 3(a)(9) of the Securities Act	—
June 20, 2023	Common Stock	8,000,000	Conversion of Series G Preferred Stock	Section 3(a)(9) of the Securities Act	$0.0026
June 22, 2023	Common Stock	8,714,815	Conversion of Series G Preferred Stock	Section 3(a)(9) of the Securities Act	$0.0027

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

The Company has not defaulted upon senior securities.

ITEM 4. MINE SAFETY DISCLOSURES

This item is not applicable.

ITEM 5. OTHER INFORMATION

None.

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ITEM 6. EXHIBITS

3.1	Articles of Incorporation (1)
3.2	Bylaws (2)
14.1	Code of Ethics (3)
31.1	Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer (4)
31.2	Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial officer (4)
32.1	Section 1350 Certification of principal executive officer (4)
32.2	Section 1350 Certification of principal financial officer (4)
101.INS	Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document. (5)
101.SCH	Inline XBRL Taxonomy Extension Schema Document (5)
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document (5)
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document (5)
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document (5)
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) (5)

__________

(1)	Incorporated by reference to our Definitive Proxy Statement on Schedule 14A filed on April 8, 2015.
(2)	Incorporated by reference to our Form 10-K/A Amendment No. 1 for the year ended September 30, 2015 filed on January 22, 2016.
(3)	Incorporated by reference to our Form S-1 filed with the Securities and Exchange Commission on November 3, 2010.
(4)	Filed or furnished herewith.
(5)	In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

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Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	GlobeStar Therapeutics Corporation

Date: August 17, 2023	By: /s/ James C. Katzaroff
	James C. Katzaroff
	Chief Executive Officer, President, Secretary, Principal Executive Officer and Director

Date: August 17, 2023	By: /s/ Robert Chicoski
	Robert Chicoski
	Chief Financial Officer, Treasurer, Principal Financial and Accounting Officer

- 21 -

Exhibit 31.1

RULE 13A-14(A)/15D-14(A) CERTIFICATION

I, James C. Katzaroff, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended June 30, 2023 of GlobeStar Therapeutics Corporation.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15-d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 17, 2023	By: /s/ James C. Katzaroff
	James C. Katzaroff
	Chief Executive Officer

Exhibit 31.2

RULE 13A-14(A)/15D-14(A) CERTIFICATION

I, Robert Chicoski, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended June 30, 2023 of GlobeStar Therapeutics Corporation.

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 17, 2023	By: /s/ Robert Chicoski
	Robert Chicoski
	Chief Financial Officer

Exhibit 32.1

SECTION 1350 CERTIFICATION

In connection with the quarterly report of GlobeStar Therapeutics Corporation (the “Company”) on Form 10-Q for the period ended June 30, 2023 as filed with the Securities and Exchange Commission (the “Report”), I, James C. Katzaroff, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: August 17, 2023	By: /s/ James C. Katzaroff
	James C. Katzaroff
	Chief Executive Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Exhibit 32.2

SECTION 1350 CERTIFICATION

In connection with the quarterly report of GlobeStar Therapeutics Corporation (the “Company”) on Form 10-Q for the period ended June 30, 2023 as filed with the Securities and Exchange Commission (the “Report”), I, Robert Chicoski, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: August 17, 2023	By: /s/ Robert Chicoski
	Robert Chicoski
	Chief Financial Officer

Cover - shares	9 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--09-30
Entity File Number	333-170315
Entity Registrant Name	GlobeStar Therapeutics Corporation
Entity Central Index Key	0001502152
Entity Tax Identification Number	27-3480481
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	719 Jadwin Avenue
Entity Address, City or Town	Richland
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	99352
City Area Code	206
Local Phone Number	451-1970
Title of 12(b) Security	Common
Trading Symbol	GSTC
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		934,888,558

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
CURRENT ASSETS
Cash and cash equivalents		$ 6,365
Prepaid expenses		3,550
Total current assets		9,915
TOTAL ASSETS		9,915
Current Liabilities
Accounts payable and accrued liabilities	488,098	380,735
Accounts payable to related party	443,165	379,126
Related party advances	5,600	12,400
Advances payable	59,650	59,650
Current portion of convertible notes payable, net of discount of $5,422 and $0, respectively	15,878	20,000
Series G Preferred Stock Liability, net of discount of $9,083 and $12,581, respectively	40,693	126,294
Accrued interest payable	224,049	226,270
Total current liabilities	1,277,133	1,204,475
TOTAL LIABILITIES	1,277,133	1,204,475
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value; 872,269,343 and 722,326,669 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively	872,268	722,325
Additional paid-in capital	17,919,911	16,581,252
Stock payable, consisting of 9,620,415 and 1,515,152 shares to be issued at June 30, 2023 and September 30, 2022, respectively	32,500	5,000
Accumulated deficit	(20,103,451)	(18,504,776)
TOTAL STOCKHOLDERS' DEFICIT	(1,277,133)	(1,194,560)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		9,915
Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, value	0	0
Series D Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, value	510	510
TOTAL STOCKHOLDERS' DEFICIT	510	510
Series E Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, value	1,000	1,000
TOTAL STOCKHOLDERS' DEFICIT	1,000	1,000
Series F Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, value	129	129
TOTAL STOCKHOLDERS' DEFICIT	$ 129	$ 129

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Convertible notes payable, net of discount	$ 5,422	$ 0
Preferred stock liability, net of discount	$ 40,693	$ 126,294
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	872,269,343	722,326,669
Common stock, shares outstanding	872,269,343	722,326,669
Preferred stock, shares authorized	20,000,000	20,000,000
Stock payable, shares	9,620,415	1,515,152
Series G Preferred Stock [Member]
Preferred stock liability, net of discount	$ 9,083	$ 12,581
Preferred stock, shares outstanding	46,475	138,875
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series D Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued	509,988	509,988
Preferred stock, shares outstanding	509,988	509,988
Series E Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Series F Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued	128,991	128,991
Preferred stock, shares outstanding	128,991	128,991

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
REVENUE
Cost of goods sold
Gross profit (loss)
OPERATING EXPENSES
General and administrative expenses	1,279,283	136,618	1,576,583	965,222
Total operating expenses	1,279,283	136,618	1,576,583	965,222
LOSS FROM OPERATIONS	(1,279,283)	(136,618)	(1,576,583)	(965,222)
OTHER INCOME (EXPENSE)
Gain (loss) on settlement of liabilities, related party	6,724		6,724	(146,460)
Loss on conversion of preferred stock liability		(10,821)		(10,821)
Interest expense	(9,970)	(10,664)	(28,816)	(56,999)
Total other expense	(3,246)	(21,485)	(22,092)	(214,280)
Net Loss	$ (1,282,529)	$ (158,103)	$ (1,598,675)	$ (1,179,502)
Net loss per share available to common shareholders	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average shares outstanding - basic and diluted	843,524,583	637,492,475	790,556,670	603,807,518

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Payable [Member]	Retained Earnings [Member]	Series D Preferred Stock [Member]	Series E Preferred Stock [Member]	Series F Preferred Stock [Member]	Total
Beginning balance, value at Sep. 30, 2021	$ 561,494	$ 15,228,254	$ 499,500	$ (17,016,966)	$ 510	$ 1,000	$ 387	$ (725,821)
Balance, beginning (in shares) at Sep. 30, 2021	561,495,726				509,988	1,000,000	386,975
Conversion of Series F Preferred Stock to common	$ 12,899	(12,770)					$ (129)
Conversion of Series F Preferred Stock to common (in shares)	12,899,100						(128,991)
Common stock issued for stock payable	$ 19,980	479,520	(499,500)
Common stock issued for stock payable (in shares)	19,980,000
Common stock issued for settlement of liability	$ 6,000	155,460						161,460
Common stock issued for settlement of liability (in shares)	6,000,000
Net loss				(332,841)				(332,841)
Ending balance, value at Dec. 31, 2021	$ 600,373	15,850,464		(17,349,807)	$ 510	$ 1,000	$ 258	(897,202)
Balance, ending (in shares) at Dec. 31, 2021	600,374,826				509,988	1,000,000	257,984
Beginning balance, value at Sep. 30, 2021	$ 561,494	15,228,254	499,500	(17,016,966)	$ 510	$ 1,000	$ 387	(725,821)
Balance, beginning (in shares) at Sep. 30, 2021	561,495,726				509,988	1,000,000	386,975
Net loss								(1,179,502)
Common stock issued for the conversion of debt
Ending balance, value at Jun. 30, 2022	$ 684,366	16,543,888		(18,196,468)	$ 510	$ 1,000	$ 258	(966,446)
Balance, ending (in shares) at Jun. 30, 2022	684,367,305				509,988	1,000,000	257,984
Beginning balance, value at Dec. 31, 2021	$ 600,373	15,850,464		(17,349,807)	$ 510	$ 1,000	$ 258	(897,202)
Balance, beginning (in shares) at Dec. 31, 2021	600,374,826				509,988	1,000,000	257,984
Net loss				(688,558)				(688,558)
Conversion of Series G Preferred Stock to common	$ 5,417	20,583						26,000
Conversion of Series G Preferred Stock to common (in shares)	5,416,667
Stock-based compensation		322,266						322,266
Stock-based compensation, related parties		154,095						154,095
Ending balance, value at Mar. 31, 2022	$ 605,790	16,347,408		(18,038,365)	$ 510	$ 1,000	$ 258	(1,083,399)
Balance, ending (in shares) at Mar. 31, 2022	605,791,493				509,988	1,000,000	257,984
Net loss				(158,103)				(158,103)
Conversion of Series G Preferred Stock to common	$ 78,576	182,235						260,811
Conversion of Series G Preferred Stock to common (in shares)	78,575,812
Stock-based compensation, related parties		14,245						14,245
Ending balance, value at Jun. 30, 2022	$ 684,366	16,543,888		(18,196,468)	$ 510	$ 1,000	$ 258	(966,446)
Balance, ending (in shares) at Jun. 30, 2022	684,367,305				509,988	1,000,000	257,984
Beginning balance, value at Sep. 30, 2022	$ 722,325	16,581,252	5,000	(18,504,776)	$ 510	$ 1,000	$ 129	(1,194,560)
Balance, beginning (in shares) at Sep. 30, 2022	722,326,669				509,988	1,000,000	128,991
Net loss				(165,909)				(165,909)
Conversion of Series G Preferred Stock to common	$ 48,034	52,066						100,100
Conversion of Series G Preferred Stock to common (in shares)	48,033,947
Stock-based compensation, related parties		17,803						17,803
Common stock subscribed for cash proceeds			5,000					5,000
Ending balance, value at Dec. 31, 2022	$ 770,359	16,651,121	10,000	(18,670,685)	$ 510	$ 1,000	$ 129	(1,237,566)
Balance, ending (in shares) at Dec. 31, 2022	770,360,616				509,988	1,000,000	128,991
Beginning balance, value at Sep. 30, 2022	$ 722,325	16,581,252	5,000	(18,504,776)	$ 510	$ 1,000	$ 129	(1,194,560)
Balance, beginning (in shares) at Sep. 30, 2022	722,326,669				509,988	1,000,000	128,991
Common stock issued for stock payable								50,102
Net loss								(1,598,675)
Common stock issued for the conversion of debt								$ 20,000
Common stock issued for stock payable (in shares)								7,261,087
Ending balance, value at Jun. 30, 2023	$ 872,268	17,919,911	32,500	(20,103,451)	$ 510	$ 1,000	$ 129	$ (1,277,133)
Balance, ending (in shares) at Jun. 30, 2023	872,269,343				509,988	1,000,000	128,991
Beginning balance, value at Dec. 31, 2022	$ 770,359	16,651,121	10,000	(18,670,685)	$ 510	$ 1,000	$ 129	(1,237,566)
Balance, beginning (in shares) at Dec. 31, 2022	770,360,616				509,988	1,000,000	128,991
Net loss				(150,237)				(150,237)
Conversion of Series G Preferred Stock to common	$ 8,066	36,264						44,330
Conversion of Series G Preferred Stock to common (in shares)	8,066,567
Stock-based compensation, related parties		17,803						17,803
Common stock subscribed for cash proceeds			15,000					15,000
Common stock issued for the conversion of debt	$ 2,000	18,000						20,000
Common stock issued for the conversion of debt (in shares)	2,000,000
Ending balance, value at Mar. 31, 2023	$ 780,425	16,723,188	25,000	(18,820,922)	$ 510	$ 1,000	$ 129	(1,290,670)
Balance, ending (in shares) at Mar. 31, 2023	780,427,183				509,988	1,000,000	128,991
Common stock issued for settlement of liability	$ 14,684	78,694						93,378
Common stock issued for settlement of liability (in shares)	14,683,622
Net loss				(1,282,529)				(1,282,529)
Conversion of Series G Preferred Stock to common	$ 16,715	27,615						44,330
Conversion of Series G Preferred Stock to common (in shares)	16,714,815
Stock-based compensation	$ 50,000	361,761						411,761
Stock based compensation (in shares)	50,000,000
Stock-based compensation, related parties		714,097						714,097
Common stock subscribed for cash proceeds			32,500					32,500
Common stock issued for stock payable	$ 10,444	14,556	(25,000)
Common stock issued for stock payable (in shares)	10,443,723
Ending balance, value at Jun. 30, 2023	$ 872,268	$ 17,919,911	$ 32,500	$ (20,103,451)	$ 510	$ 1,000	$ 129	$ (1,277,133)
Balance, ending (in shares) at Jun. 30, 2023	872,269,343				509,988	1,000,000	128,991

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (1,598,675)	$ (1,179,502)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation	411,761	322,266
Stock compensation, related parties	749,703	168,340
Amortization of discount on convertible note payable	23,777	44,046
(Gain) Loss on settlement of liabilities	(6,724)	146,460
Loss on conversion of preferred stock liability		10,821
Changes in operating assets and liabilities
Prepaid expenses	3,550
Accounts payable and accrued liabilities	114,363	12,951
Accounts payable and accrued liabilities to related party	164,141	173,317
Accrued interest payable	5,039	12,953
NET CASH USED IN OPERATING ACTIVITIES	(133,065)	(288,348)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible note payable, net	15,000
Proceeds from sale of Series G Preferred Stock	73,000	275,000
Proceeds from related party advances	3,700	23,900
Repayment of related party advances	(5,500)	(16,500)
Proceeds from common stock subscribed	40,500
NET CASH PROVIDED BY FINANCING ACTIVITIES	126,700	282,400
NET CHANGE IN CASH	(6,365)	(5,948)
Cash at beginning of period	6,365	5,960
Cash at end of period		12
Cash paid during the period for:
Interest
Taxes
Noncash investing and financing transactions:
Conversion of Series F preferred stock		12,889
Conversion of Series G preferred stock	181,500	265,375
Common stock issued for stock payable	25,000	499,500
Common stock issued for settlement of liabilities		15,000
Common stock issued for the conversion of debt	20,000
Expenses paid on the Company's behalf for subscription agreement	$ 7,000

General Organization and Business

9 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General Organization and Business

Note 1. General Organization and Business

Going Concern and Summary of Significant Accounting Policies

9 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Going Concern and Summary of Significant Accounting Policies

Note 2. Going Concern and Summary of Significant Accounting Policies

Management has plans to address the Company’s financial situation as follows:

Interim Financial Statements

Consolidated Financial Statements

Recently Issued Accounting Pronouncements

Convertible Notes Payable and Advances

9 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Convertible Notes Payable and Advances

Note 3. Convertible Notes Payable and Advances

Convertible notes payable consisted of the following at June 30, 2023 and September 30, 2022:


	June 30, 2023			September 30, 2022
Convertible note dated April 13, 2017 in the original principal amount of $20,000, no stated maturity date, bearing interest at 3% per year, convertible into common stock at a rate of $0.01 per share.	$	—		$	20,000
Convertible note dated May 10, 2023 in the original principal amount of 21,300 maturing May 10, 2024, bearing interest at 12%, convertible beginning six months from issuance into common stock at a rate of 61% of the lowest trading price during the 20 days prior to conversion.		21,300			—
Unamortized Discount		(5,422	)		—

Total current convertible notes payable, net of discount	$	15,878		$	20,000

As of June 30, 2023 and September 30, 2022, accrued interest on convertible notes payable was $222,287, respectively.

Conversions to Common Stock

Advances

As of June 30, 2023 and September 30, 2022, the Company had non-interest bearing advances payable to third parties of $59,650. These advances are payable on demand.

Related Party Transactions

9 Months Ended

Jun. 30, 2023

Related Party Transactions

Note 4. Related Party Transactions

Stockholders’ Deficit

9 Months Ended

Jun. 30, 2023

Equity [Abstract]

Stockholders’ Deficit

Note 5. Stockholders’ Deficit

The Company is authorized to issue an unlimited number of common shares of stock with a par value of $0.001 per share, and the following series of preferred stock:

Preferred Stock

Common stock issued for stock payable

Common Stock Warrants

The following table summarizes the stock warrant activity for the nine months ended June 30, 2023:

	Warrants		Weighted- Average Exercise Price Per Share
Outstanding, September 30, 2022		71,385,152	$	0.02
Granted		5,048,986		0.01
Exercised		—		—
Forfeited		—		—
Expired		—		—
Outstanding, June 30, 2023		76,434,138	$	0.01

As of June 30, 2023, the outstanding warrants had an expected remaining life of 2.13 years and have no aggregate intrinsic value.

Common Stock Options

At June 30, 2023, the Company had $44,506 of unrecognized expenses related to options.

The following table summarizes the stock option activity for the nine months ended June 30, 2023:

	Options			Weighted- Average Exercise Price Per Share
Outstanding, September 30, 2022		105,000,000		$	0.02
Granted		90,000,000			0.01
Exercised		—			—
Forfeited		—			—
Expired		(70,000,000	)		0.03
Outstanding, June 30, 2023		125,000,000		$	0.01

As of June 30, 2023, all outstanding options had an expected remaining life of 2.61 years and have no aggregate intrinsic value.

Common Stock issued for Services

On April 6, 2023, the Company issued 50,000,000 shares to a consultant for services rendered to the Company. The shares had a fair value of $360,000.

Series G Preferred Stock

9 Months Ended

Jun. 30, 2023

Series G Preferred Stock

Series G Preferred Stock

Note 6. Series G Preferred Stock

License Agreement

9 Months Ended

Jun. 30, 2023

License Agreement

License Agreement

Note 7. License Agreement

●	Common shares representing 5% of total number of outstanding common shares of the Company immediately following any change of control of the Company; the Company issued 29,130,167 shares of common stock as a result of the change of control discussed in Note 5. These shares were issued in July 2021.

●	29,130,167 Common shares immediately following the first round of funding under a private offer of equity or debt securities; These shares were issued in July 2021.

●	29,130,167 Common shares immediately following the commencement of clinical trials for Federal Drug Administration clearance of the product; and

●	Common shares representing an adjustment to increase 7 to Stand’s total ownership to 19.99% of total number of outstanding common shares of the Company immediately following FDA clearance of the product for sale. The Company expects to issue 29,130,166 shares of common stock related to this provision if met.

●	$40,000 of royalties to be paid to 7 to Stand annually, on a quarterly basis. The license agreement may be terminated by 7 to Stand if 1) SomaCeuticals does not begin clinical trials within one year of the agreement; 2) if SomaCeuticals terminates the continuation of the clinical trials; or 3) shall not commence marketing the product within reasonable time after obtaining FDA approval.

The Company owed $10,000 of royalties and late fees under this agreement as of June 30, 2023 and $26,250 as of September 30, 2022.

Commitments

9 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments

Note 8. Commitments

Subsequent Events

9 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

Subsequent Events

Note 9. Subsequent Events

In August 2023, the Company issued 2,000,000shares to Robert Chicoksi, CFO as settlement of $12,000 of accrued compensation.

The Company issued 6,000,000 shares to Mr. Spivak pursuant to the subscription agreement disclosed above.

Going Concern and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X and should be read in conjunction with the audited financial statements and notes thereto for the year ended September 30, 2022 which are included on our Form 10-K filed on January 9, 2023. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the three and nine months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2023.
Consolidated Financial Statements	Consolidated Financial Statements The consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries, SomaCeuticals, Inc., First Titan Energy, LLC and First Titan Technical, LLC from the date of their formations or acquisition. Significant intercompany transactions have been eliminated in consolidation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Convertible Notes Payable and Advances (Tables)

9 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Convertible notes payable consisted of the following at June 30, 2023 and September 30, 2022:


	June 30, 2023			September 30, 2022
Convertible note dated April 13, 2017 in the original principal amount of $20,000, no stated maturity date, bearing interest at 3% per year, convertible into common stock at a rate of $0.01 per share.	$	—		$	20,000
Convertible note dated May 10, 2023 in the original principal amount of 21,300 maturing May 10, 2024, bearing interest at 12%, convertible beginning six months from issuance into common stock at a rate of 61% of the lowest trading price during the 20 days prior to conversion.		21,300			—
Unamortized Discount		(5,422	)		—

Total current convertible notes payable, net of discount	$	15,878		$	20,000

Stockholders’ Deficit (Tables)

9 Months Ended

Jun. 30, 2023

Equity [Abstract]

The following table summarizes the stock warrant activity for the nine months ended June 30, 2023:

	Warrants		Weighted- Average Exercise Price Per Share
Outstanding, September 30, 2022		71,385,152	$	0.02
Granted		5,048,986		0.01
Exercised		—		—
Forfeited		—		—
Expired		—		—
Outstanding, June 30, 2023		76,434,138	$	0.01

The following table summarizes the stock option activity for the nine months ended June 30, 2023:

	Options			Weighted- Average Exercise Price Per Share
Outstanding, September 30, 2022		105,000,000		$	0.02
Granted		90,000,000			0.01
Exercised		—			—
Forfeited		—			—
Expired		(70,000,000	)		0.03
Outstanding, June 30, 2023		125,000,000		$	0.01

Going Concern and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Net loss	$ 1,282,529	$ 150,237	$ 165,909	$ 158,103	$ 688,558	$ 332,841	$ 1,598,675	$ 1,179,502
Net cash provided by operating activities							133,065	$ 288,348
Working capital							$ 1,277,133

Convertible notes payable consisted of the following at June 30, 2023 and September 30, 2022: (Details) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Short-Term Debt [Line Items]
Total current convertible notes payable, net of discount	$ 15,878	$ 20,000
Unamortized discount	$ (5,422)
Convertible Note Date April 13 2017 [Member]
Short-Term Debt [Line Items]
Dated	Apr. 13, 2017
Amount	$ 20,000
Interest	3.00%
Conversion price	$ 0.01
Total current convertible notes payable, net of discount		20,000
Convertible Note Date May 10 2023 [Member]
Short-Term Debt [Line Items]
Dated	May 10, 2023
Amount	$ 21,300
Interest	12.00%
Total current convertible notes payable, net of discount	$ 21,300
Maturity date	May 10, 2024
Conversion of note description	convertible beginning six months from issuance into common stock at a rate of 61% of the lowest trading price during the 20 days prior to conversion.

Convertible Notes Payable and Advances (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended	9 Months Ended
	May 10, 2023	Feb. 28, 2022	Dec. 31, 2021	Jun. 30, 2023	Sep. 30, 2022
Short-Term Debt [Line Items]
Principal amount of convertible promissory issued		$ 25,000		$ 50,102
Debt discount				$ 5,422
Conversion of stock description				Pursuant to the terms of the May 2023 Note, the outstanding principal and accrued interest on the note shall be convertible beginning six months from issuance into shares of the Company’s common stock at 61% of the lowest trading price of the Company’s common stock during the 20 days prior to conversion.
Recognized of discount				$ 6,300
Deferred finance costs				878
Accrued interest on convertible notes payable				$ 222,287	222,287
Convertible shares		6,000,000		7,261,087
Gain on conversion of debt				$ 0
Purchase Agreement [Member]
Short-Term Debt [Line Items]
Principal amount of convertible promissory issued	$ 21,300
Cash proceeds	$ 15,000
Interest rate	12.00%
Debt discount	$ 1,050
Maturity date	May 10, 2024
Convertible Debt [Member]
Short-Term Debt [Line Items]
Beneficial conversion discount on convertible note payable				The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.99% of the outstanding stock of the Company.
Current portion of convertible notes payable				$ 20,000
Convertible shares				2,000,000
Advance [Member]
Short-Term Debt [Line Items]
Non interest bearing advance				$ 59,650	59,650
Non interest bearing advance third parties				5,600	$ 12,400
Received advances				3,700
Advances are payable on demand				$ 5,500

Related Party Transactions (Details Narrative) - USD ($)		1 Months Ended	9 Months Ended
	Apr. 04, 2023	Feb. 28, 2022	Jun. 30, 2023	Apr. 06, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Accounts payable to related party			$ 443,165		$ 379,126
Related party advances			$ 5,600		$ 12,400
Common stock, shares outstanding			872,269,343		722,326,669
Accrude compensation, shares, issued			872,269,343	50,000,000	722,326,669
Mr Katzaroff [Member]
Related Party Transaction [Line Items]
Description of additional options			Additionally, Mr. Katzaroff will earn a fee related to any strategic transaction, as defined in the agreement, including but not limited to acquisitions, divestitures, partnerships or joint ventures, of at least 2% for any transactions not introduced by Mr. Katzaroff, or 4% for any introduced by Mr. Katzaroff of up to $20,000,000, and an additional 0.75% - 3.5% for amounts above that threshold. As of June 30, 2023, no amounts have been earned or paid.
Accrude compensation, shares, issued	7,422,535
Settelment amount	$ 50,000
Recognized loss	$ 3,442
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Advances			$ 700
Payable to consultant term			3 years
Common stock, shares outstanding			35,000,000
Exercise price, per shares			$ 0.009
Excercise term			5 years
Description of options			The options vest 50% immediately, and the remainder on monthly basis over two years. Mr. Katzaroff is also entitled to additional options in the event of the Company issuing equity or equity equivalents in the future, with him receiving an amount of options equal to 3% of future options or warrants issued, excluding grants to officers.. The exercise price of these additional options will be 110% of the price per equity equivalent. The total fair value of these option grants at issuance was $284,840. During the nine months ended June 30, 2023 and 2022, the Company recognized $53,409 and $154,095 of stock-based compensation, related to outstanding stock options under this agreement, respectively. At June 30, 2023, the Company had $44,506 of unrecognized expense related to options.
Board of Directors Chairman [Member] \| Mr Katzaroff [Member]
Related Party Transaction [Line Items]
Annual fees		$ 180,000

The following table summarizes the stock warrant activity for the nine months ended June 30, 2023: (Details)	9 Months Ended
	Jun. 30, 2023 $ / shares shares
Equity [Abstract]
Warrants outstanding, begnning \| shares	71,385,152
Warrants outstanding, begnning \| $ / shares	$ 0.02
Granted \| shares	5,048,986
Granted \| $ / shares	$ 0.01
Warrants outstanding, ending \| shares	76,434,138
Warrants outstanding, ending \| $ / shares	$ 0.01

The following table summarizes the stock option activity for the nine months ended June 30, 2023: (Details)	9 Months Ended
	Jun. 30, 2023 $ / shares shares
Equity [Abstract]
Option outstanding, beginning \| shares	105,000,000
Option outstanding, per shares, beginning \| $ / shares	$ 0.02
Granted \| shares	90,000,000
Granted \| $ / shares	$ 0.01
Expired \| shares	(70,000,000)
Expired \| $ / shares	$ 0.03
Option outstanding, ending \| shares	125,000,000
Option outstanding, per shares, ending \| $ / shares	$ 0.01

Stockholders’ Deficit (Details Narrative) - USD ($)						1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
Stockholders’ Deficit (Details Narrative) - USD ($)	Apr. 25, 2023	Apr. 06, 2023	Apr. 04, 2023	Sep. 21, 2017	Aug. 03, 2015	Feb. 28, 2023	Dec. 31, 2022	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 12, 2017
Class of Stock [Line Items]
Common stock, par value (in dollars per share)								$ 0.001	$ 0.001	$ 0.001
Preferred stock authorized								20,000,000	20,000,000	20,000,000
Shares issued to consultant		50,000,000						872,269,343	722,326,669	722,326,669
Exercise price							$ 0.01		$ 0.01
Amended the exercise price								$ 0.01	$ 0.02	$ 0.02
Volatility rate								184.00%
Expected term								3 years
Risk free rate								4.52%
Grant stock price, per share								$ 0.086
Dividend yield								0.00%
Expected remaining life								2 years 7 months 10 days
Expense related to fair value of options vesting								$ 53,408
Unrecognized expenses								$ 696,294
Exercise price								$ 0.01
Unrecognized expenses related to options								$ 44,506
Aggregate intrinsic value								$ 0
Fair value of shares issued to consultant		$ 360,000
License Agreement [Member]
Class of Stock [Line Items]
Shares issued to consultant	7,261,087
Royalty Expense	$ 50,102
Recognized gain	$ 10,166
Mr Katzaroff [Member]
Class of Stock [Line Items]
Shares issued to consultant			7,422,535
Settelment amount			$ 50,000
Recognized loss			$ 3,442
Private Placement [Member] \| Maximum [Member]
Class of Stock [Line Items]
Amended the exercise price								$ 0.03
Private Placement [Member] \| Minimum [Member]
Class of Stock [Line Items]
Amended the exercise price								$ 0.01
Common Stock [Member]
Class of Stock [Line Items]
Shares issued to consultant									1,515,152	1,515,152
Common stock subscribed but unissued						7,500,000	1,515,152
Expenses paid						$ 7,000
Warrant [Member]
Class of Stock [Line Items]
Description of warrants								The warrants had a fair value of $4,067 based on a Black-Scholes pricing model using the following assumptions: 1) volatility of 176.37%; 2) risk free rate of 4.74%; 3) dividend yield of 0% and 4) expected term of 1 year.
Volatility rate								203.00%
Expected term								1 year
Risk free rate								5.05%
Grant stock price, per share								$ 0.086
Dividend yield								0.00%
Expected remaining life								2 years 1 month 16 days
Cash [Member]
Class of Stock [Line Items]
Cash Received						$ 8,000	$ 5,000		$ 5,000	$ 5,000
Chief Financial Officer [Member] \| Robert Chicoski [Member]
Class of Stock [Line Items]
Common stock options								50,000,000
Exercise price								$ 0.01
Expire date								2026-05
Chief Financial Officer [Member] \| Mr Farley [Member]
Class of Stock [Line Items]
Common stock options								20,000,000
Exercise price								$ 0.01
Expire date								2026-04
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares designated								6,000,000
Preferred stock liquidation preference								$ 2.00
Additional share to be issued								5,000,000
Preferred stock dividends								6,000,000
Preferred stock dividend rate								8.00%
Preferred stock, shares outstanding								0	0	0
Preferred stock, shares issued								0	0	0
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares designated								1,000,000
Preferred stock liquidation preference								$ 1.00
Preferred stock dividend rate								8.00%
Preferred stock, shares outstanding								0	0	0
Preferred stock redemption price per share									$ 1.00	$ 1.00
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock liquidation preference												$ 0.50
Preferred stock, shares outstanding								0	0	0
Preferred stock redemption price per share												$ 0.50
Preferred stock, shares designated												1,200,000
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock liquidation preference				$ 1.00
Preferred stock, shares outstanding								509,988	509,988	509,988
Preferred stock redemption price per share												$ 0.01
Preferred stock, shares designated				539,988
Preferred stock, conversion basis				The Series D Preferred Stock is convertible at the option of the holder into shares of common stock at a rate of $0.01 per share of common stock.
Preferred stock, shares issued								509,988	509,988	509,988
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares outstanding					1,000,000			1,000,000	1,000,000	1,000,000
Description of voting rights					The Series E Preferred stock retained 2/3 of the voting rights in the Company.
Preferred stock, shares issued								1,000,000	1,000,000	1,000,000
Series E Preferred Stock [Member] \| Director [Member]
Class of Stock [Line Items]
Preferred stock authorized								1,000,000	1,000,000	1,000,000
Series F Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock liquidation preference				$ 1.00
Preferred stock, shares outstanding								128,991	128,991	128,991	386,975
Preferred stock, shares designated				501,975
Preferred stock, conversion basis				The Series F Preferred Stock is convertible at the option of the holder into shares of common stock at a rate of $0.01 per share of common stock.
Preferred stock, shares issued								128,991	128,991	128,991	386,975
Convertible preferred stock shares									257,984	257,984
Conversion of shares converted										25,798,400
Common Stock Warrants [Member]
Class of Stock [Line Items]
Expense related to repricing								$ 51,761

Series G Preferred Stock (Details Narrative) - USD ($)		6 Months Ended	9 Months Ended
Series G Preferred Stock (Details Narrative) - USD ($)	Aug. 11, 2021	Mar. 31, 2023	Jun. 30, 2023	Sep. 30, 2022
Net cash proceeds			$ 89,100
Debt discount			16,100
Amortization of debt discount			15,584
Series G Preferred Stock [Member]
Preferred stock, shares designated	1,000,000
Preferred stock liquidation preference	$ 1.00
Preferred stock, conversion basis	The Series G Preferred Stock carries a dividend of 8% of the stated value per share, which is cumulative and payable upon redemption, liquidation or conversion, and increases to 22% in case of default.
Number of share sold		89,100
Net cash proceeds		$ 73,000
Interest recognized			5,039
Accrued interest			$ 1,762	$ 3,983
Conversion of stock shares converted			181,500
Preferred stock, shares outstanding			46,475	138,875
Liabilities related to stock			$ 40,693	$ 126,294
Unamortized discount			$ 5,782	$ 12,581
Series G Preferred Stock [Member] \| Common Stock [Member]
Conversion of stock shares converted			72,815,329
Dividend value			$ 7,260

License Agreement (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
License Agreement (Details Narrative) - USD ($)	Aug. 23, 2020	Feb. 28, 2022	Dec. 31, 2021	Jun. 30, 2023	Sep. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible shares		6,000,000		7,261,087
Description of milestone	Common shares representing 5% of total number of outstanding common shares of the Company immediately following any change of control of the Company; the Company issued 29,130,167 shares of common stock as a result of the change of control discussed in Note 5. These shares were issued in July 2021.
Description of milestone one	29,130,167 Common shares immediately following the first round of funding under a private offer of equity or debt securities; These shares were issued in July 2021.
Description of milestone two	29,130,167 Common shares immediately following the commencement of clinical trials for Federal Drug Administration clearance of the product; and
Description of milestone three	Common shares representing an adjustment to increase 7 to Stand’s total ownership to 19.99% of total number of outstanding common shares of the Company immediately following FDA clearance of the product for sale. The Company expects to issue 29,130,166 shares of common stock related to this provision if met.
Description of milestone four	$40,000 of royalties to be paid to 7 to Stand annually, on a quarterly basis. The license agreement may be terminated by 7 to Stand if 1) SomaCeuticals does not begin clinical trials within one year of the agreement; 2) if SomaCeuticals terminates the continuation of the clinical trials; or 3) shall not commence marketing the product within reasonable time after obtaining FDA approval.
Paid for royalties				$ 23,852
Common stock issued for stock payable		$ 25,000		50,102
Gain recognized				10,166
Royalties and late fess				$ 10,000	$ 26,250
License Agreement [Member] \| Patents [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Royalty of net sales	7.10%
License Agreement [Member] \| Patents [Member] \| Fabrizio De Silvestri [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible shares	10,610,592

Commitments (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	9 Months Ended
Commitments (Details Narrative) - USD ($)	Jul. 31, 2022	Feb. 28, 2022	Dec. 31, 2021	Jun. 30, 2023	Aug. 31, 2023	Apr. 06, 2023	Sep. 30, 2022	Aug. 31, 2022
Loss Contingencies [Line Items]
Shares issue		6,000,000		7,261,087
Value of share issue		$ 25,000		$ 50,102
Description of commitment		The Consultant will be paid a signing bonus of $25,000 upon receipt by the Company of the $25,000 cash under the stock purchase agreement described above. The Consultant will also receive the larger of $12,500 per month, or 50% of the CEO’s fixed cash compensation under the amended employment agreement described in Note 4. The Consultant may elect to receive this payment in stock.
Description of purchase agreement	In July 2022, the consultant agreement and the stock purchase agreement were amended to reduce the subscription amount to $17,500.
Common stock, shares issued				872,269,343		50,000,000	722,326,669
Consultant fees				$ 200,000			$ 100,000
Subscription Arrangement [Member] \| Subsequent Event [Member]
Loss Contingencies [Line Items]
Common stock, shares issued					6,000,000
Guarantee Obligations [Member]
Loss Contingencies [Line Items]
Amount paid to consultant								$ 17,500

Subsequent Events (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Jul. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Aug. 31, 2023	Apr. 06, 2023	Sep. 30, 2022
Subsequent Event [Line Items]
Subscription payable		$ 32,500	$ 15,000	$ 5,000
Common stock, shares issued		872,269,343				50,000,000	722,326,669
Series D Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock, shares, issued		509,988					509,988
Subscription payable
Subsequent Event [Member]
Subsequent Event [Line Items]
Subscription payable	$ 15,000
Subsequent Event [Member] \| Subscription Arrangement [Member]
Subsequent Event [Line Items]
Common stock, shares issued					6,000,000
Subsequent Event [Member] \| Chief Financial Officer [Member]
Subsequent Event [Line Items]
Common stock, shares issued					2,000,000
Accrued compensation settelment amount					$ 12,000
Subsequent Event [Member] \| Series D Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock, shares, issued	50,998,800
Shares converted	509,988
Shares issued to settle subscription payables	3,620,415

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