SUBSEQUENT EVENTS
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12 Months Ended |
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Sep. 30, 2011
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SUBSEQUENT EVENTS [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 10 - SUBSEQUENT EVENTS
Management has evaluated subsequent events through December , 2011, which is the date the consolidated financial statements were issued.
In November 2011, the Company entered into a Securities Purchase Agreement with a private investor in connection with the issuance of a 8% convertible note in the amount of $60,000. The note matures on August 17, 2012 and is convertible into shares of the Company's common stock at a variable conversion price (58% multiplied by the market price).
In December 2011, the Company issued a promissory note to a stockholder for $45,000. The note bears interest at 10%, payable quarterly and matures on December 31, 2012. |