Quarterly report pursuant to Section 13 or 15(d)

NOTES RECEVABLE

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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.