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Notes Receivable
6 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Notes Receivable

NOTE 4 – NOTES RECEIVABLE

 

The Company advanced $401,000 to Quality Health Care International, LLC (“QHC”) during the quarter ended March 31, 2019. Subsequent to March 31, 2019, the Company advanced an additional $15,000. As of May 30, 2019, the Company executed a note receivable with QHC in the amount of $416,000. The note provides that if the funds are repaid within one year of the date of the note any interest charge will be waived. Beyond one year, the note will bear interest at the rate of 4% annuum. The due date of the note is on or before May 29, 2021. The effect of the waived interest is deemed to be de minimis. The purpose of the funds is to expedite training and development of a marketing program within QHC to sale the Company’s product to QHC’s hospital networks. The Company also entered into a Reseller Agreement with QHC as of May 30, 2019.