Company: RGBP
Filing Date: 2025-02-24
Form Type: 253G1
Source: 0001493152-25-008067
Chunk: 47

Company: Regen BioPharma Inc
Filing Date: 2025-02-24
Form: 253G1
Chunk 47
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249,915 common shares issued to a consultant for services to be provided over a six month period beginning September 20, 2024.

As of September 30, 2024 we had Notes Payable of $293,819 ( net of Discount) and as of September 30, 2023 we had Notes Payable of $245,324( Net of Discount) . The increase of 19% is primarily attributable to the issuance on September 4, 2024 of a Promissory Note in the face amount of $250,000 as well as issuance of promissory Notes in the aggregate principal amount of $40,000 to Zander Therapeutics Inc. during the quarter ended June 30, 2024 offset by the satisfaction of $226,500 in principal indebtedness during the year ended September 20, 2024. .

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As of September 30, 2024 we had Accrued Interest Payable of $363,533 and as of September 30, 2023 we had Accrued Interest Payable of $342,588. The increase in Accrued Interest Payable of approximately 5.8% is attributable to interest accrued but unpaid during the year ended September 30, 2024 on Notes Payable and Convertible Notes Payable.

As of September 30, 2023 we had Unearned Income of $1,591,731 and as of September 30, 2024 we had Unearned Income of $1,465,171. Unearned Income represents that portion of $1,905,000 of license fees paid during the quarter ended June 30, 2021 to be recognized as revenue over the 15 year term of the licenses granted in accordance with ASC 606. The decrease of 7.9% is attributable to the recognition by the Company of $126,560 of licensing revenue over the year ended September 30, 2024.

As of September 30, 2023 we had Unearned Income ( Related Party) of $15,126 and as of September 30, 2024 we had Unearned Income( Related Party) of $0. Unearned Income (Related Party) as of September 30, 2023 consisted solely of licensing fees paid to the Company by Zander Therapeutics, Inc. but not yet earned. Zander Therapeutics, Inc. and the Company are under common control.

As of September 30, 2024 we had a