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NOTES PAYABLE TO STOCKHOLDERS
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3 Months Ended |
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Dec. 31, 2013
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| NOTES PAYABLE TO STOCKHOLDERS [Abstract] | |
| NOTES PAYABLE TO STOCKHOLDERS |
NOTE 4 -NOTES PAYABLE TO STOCKHOLDERS
In November 2013, the Company repaid a $150,000 promissory note due to a stockholder.
Interest expense on the notes payable to stockholders was $7,091 and $7,003 for the three months ended December 31, 2013 and 2012, respectively. |
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- Details
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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