NOTES RECEVABLE |
6 Months Ended |
---|---|
Mar. 31, 2021 | |
Receivables [Abstract] | |
NOTES RECEVABLE |
NOTE 4 - NOTES RECEVABLE
On June 18, 2020, the Company entered into an unsecured note receivable in the amount of $10,000 with a shareholder which bears interest at 6% and matures on August 31, 2020. The maturity of the note receivable in the amount of $10,000 was extended to March 31, 2021 (See Note 7). As of March 31, 2021, interest receivable was $480. The note is currently in default.
On June 25, 2020, the Company entered into an unsecured note receivable in the amount of $15,000 with a shareholder which bears interest at 6% and matures on August 31, 2020. The maturity of the note receivable in the amount of $15,000 was extended to March 31, 2021 (See Note 7). As of March 31, 2021, interest receivable was $702. The note is currently in default. |