NOTES RECEIVABLE |
12 Months Ended |
---|---|
Sep. 30, 2021 | |
Receivables [Abstract] | |
NOTES RECEIABLE |
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). 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). 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 Note 7). Interest income for the years ended September 30, 2021 and 2020 was $1,167 and $409, respectively. |