Verity Corp. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - January 14, 2013

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10-K - Verity Corp.aqualiv10k.htm
v2.4.0.6
Balance Sheets (USD $)
Sep. 30, 2012
Sep. 30, 2011
CURRENT ASSETS:    
Cash $ 7,519 $ 3,732
Accounts receivable 1,856 1,968
Total Current Assets 9,374 5,700
PROPERTY AND EQUIPMENT, net 22,987 8,427
INVENTORY 1,156 723
TOTAL ASSETS 9,374 14,850
CURRENT LIABILITIES:    
Accounts payable 128,145 107,438
Credit cards payable    17,187
Notes payable 314,525 189,179
Accrued interest payable 19,166   
Convertible note, net of discount of 2,444 8,556   
Derivative liability 18,963 111,111
Other liabilities 6,721 20,746
Total Current Liabilities 496,076 445,661
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, 923,618 and 911,618 shares issued and outstanding, respectively 924 912
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 562,096,927 and 291,617,428 shares issued and outstanding, respectively 562,096 291,617
Additional paid in capital 2,259,065 1,907,365
Retained (deficit) (3,235,468) (2,612,390)
Noncontrolling interest (49,176) (18,315)
Total Stockholders' (Deficit) (462,559) (430,811)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) $ 33,517 $ 14,850

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