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ADVANCES - RELATED PARTIES
12 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
NOTE 9 - ADVANCES - RELATED PARTIES

During the year ended September 30, 2015 an officer and director and a related party shareholder of the Company advanced $68,630 in cash, paid $5,748 for interest on behalf of the Company and came to an agreement that $24,398 would be convertible and borrowed $123,853 during the year ended September 30, 2014 to the Company by paying certain Company expenses or to pay its expenses. During the year ended September 30, 2015, $149,212 of the total advances was converted into a convertible debenture. As of September 30, 2015 and 2014 the total amount due to the related parties under these advances were $55,746 and $130,508, respectively.

 

The advances are unsecured, do not have a term and carry no interest rate.