NOTES PAYABLE - STOCKHOLDERS |
12 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Debt Disclosure [Abstract] | |
| NOTES PAYABLE - STOCKHOLDERS |
NOTE 5 -NOTES PAYABLE – STOCKHOLDERS
As of September 30, 2016 and 2015, the Company has unsecured notes payable to stockholders totaling $132,676 and $95,001, respectively. These notes range in interest from 8% to 15% which are payable quarterly. All of these notes mature December 31, 2017.
During the year ended September 30, 2016, the Company issued an unsecured 8% promissory note to a stockholder, officer and director for $50,000
Interest expense on notes payable – stockholders was $14,907 and $12,724 for the years ended September 30, 2016 and 2015, respectively. |