NOTES PAYABLE - STOCKHOLDERS |
12 Months Ended |
|---|---|
Sep. 30, 2017 | |
| Debt Disclosure [Abstract] | |
| NOTES PAYABLE - STOCKHOLDERS |
NOTE 5 -NOTES PAYABLE – STOCKHOLDERS
As of September 30, 2017 and 2016, the Company has unsecured notes payable to stockholders totaling $134,087 and $132,676, respectively. These notes range in interest from 8% to 15% which are payable quarterly. One note in the amount of $16,498 matures on December 31, 2017 and the balance of these notes mature December 31, 2018.
During the year ended September 30, 2017, the Company issued an unsecured 8% promissory note maturing on December 31, 2018 to a shareholder, and director for $35,000.
Interest expense on notes payable – stockholders was $15,700 and $14,907 for the years ended September 30, 2017 and 2016, respectively. |