5. Notes Payable

3 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Notes Payable

Notes payable consisted of the following at December 31, 2015 and September 30, 2015:

	December 31, 2015						September 30, 2015
					Principal,							Principal,
			Unamortized		net of				Unamortized			net of
	Principal		Discount		Discounts		Principal		Discount			Discounts
On December 19, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $5,039. Terms include simple interest at fifteen percent (15.0%), the note is due on December 19, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015.		–		–		–		5,039		(276	)		4,763
On January 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $22,000. Terms include simple interest at fifteen percent (15.0%), the note is due on January 5, 2016 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015.		–		–		–		22,000		(1,446	)		20,554
On May 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $10,000. Terms include simple interest at ten percent (10.0%), the note is due on November 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015.		–		–		–		10,000		(435	)		9,565
	$	–	$	–	$	–	$	37,039	$	(2,157	)	$	34,882

As of December 31, 2015 and September 30, 2015, accrued interest on the above loans was $-0- and $3,465, respectively. Interest expense was $2,586 (including accretion of beneficial conversion feature of $2,157) and $2,079 (including accretion of beneficial conversion feature of $1,299) for the three months ended December 31, 2015 and 2014, respectively.