NOTES RECEVABLE |
9 Months Ended |
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Jun. 30, 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 August 31, 2021 (See Note 7). As of June 30, 2021, interest receivable was $638. 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 August 31, 2021 (See Note 7). As of June 30, 2021, interest receivable was $938. Interest income for the three months ended June 30, 2021 and 2020 was $395 and $0, respectively. Interest income for the nine months ended June 30, 2021 and 2020 was $1,167 and $0, respectively. On July 15, 2021, a shareholder returned 875,000 shares of Company's common stock to the Company in exchange for the two notes receivable in the total sum of $25,000 and $1,576 in interest receivable (See Notes 7 and 11). |