Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE TO STOCKHOLDERS

v3.3.1.900
NOTES PAYABLE TO STOCKHOLDERS
3 Months Ended
Dec. 31, 2015
NOTES PAYABLE TO STOCKHOLDERS [Abstract]  
NOTES PAYABLE TO STOCKHOLDERS

NOTE 4   -

NOTES PAYABLE TO STOCKHOLDERS

 

In November 2015, the Company entered into a promissory note for $50,000 with a stockholder and director of the Company. The note bears an 8% interest rate, is unsecured and is due on December 31, 2016.

 

Interest expense on the notes payable to stockholders was $3,137 and $5,338 for the three months ended December 31, 2015 and 2014, respectively.