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NOTE PAYABLE RELATED PARTY
12 Months Ended
Sep. 30, 2012
NOTE PAYABLE RELATED PARTY  
NOTE PAYABLE RELATED PARTY

5. NOTE PAYABLE – RELATED PARTY

 

On March 4, 2011 the Company received an unsecured loan (the “Loan”) in the amount of $50,000 from the Chairman and CEO of the Company. The Loan had a term of one (1) year and accrued interest at the rate of 6% per annum. The Company used the proceeds of the Loan toward the balloon payment due on the Missouri Mortgage. The Loan was repaid in full in April 2011.