RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Sep. 30, 2023 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
NOTE 5 - RELATED PARTY TRANSACTIONS
Through December 1, 2021, the Company leased its office space from VoiceInterop, the Companys former wholly owned subsidiary and now 96% owned by our shareholders for approximately $1,400 per month. On February 14, 2020, VoiceInterop was deconsolidated and is no longer our subsidiary.
Rent expense incurred during the years ended September 30, 2023 and 2022 was $22,722 and $26,973, respectively (See Note 6).
During the years ended September 30, 2023 and 2022, the Company paid $36,000 and $39,000, respectively, to a related party consultant.
As of December 31, 2022, the Company advanced $53,302 to VoiceInterop, the Companys former wholly owned subsidiary and now 96% owned by our shareholders. The amount is included in due from related party on the consolidated balance sheet. The amount is due on September 30, 2024, and bears interest at 5% effective October 1, 2022. As of September 30, 2023, the Company recorded $2,724 in interest receivable – related party.
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