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OPTIONS (Tables)
12 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
A summary of the Company’s options activity and related information follows for fiscal year ended September 30, 2020:


   

September 30, 2020

 
           

Weighted

 
   

Number

   

average

 
   

of

   

exercise

 
   

Options

   

price

 

Outstanding - beginning of period

    -     $ -  

Granted

    2,000,000     $ .01  

Exercised

    -     $ -  

Forfeited

    -     $ -  

Outstanding - end of period

    2,000,000     $ .01  
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
At September 30, 2020, the weighted average remaining contractual life of options outstanding:


       

September 30, 2020

 
                       

Weighted

 
                       

Average

 
                       

Remaining

 

Exercisable

   

Options

   

Options

   

Contractual

 

Prices 

   

Outstanding 

   

Exercisable 

   

Life (years)

 
$ .01       2,000,000       2,000,000       9.67  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
For purpose of determining the fair market value of the options, the Company used the Black Scholes valuation model. The significant assumptions used in the Black Scholes valuation model for the warrants are as follows:


Risk Free Interest Rate

  0.32 %

Stock Volatility Factor

  146.0 %

Weighted Average Expected Option Life

 

5 Years

 

Expected Dividend Yield

 

None