NOTES PAYABLE

12 Months Ended

Sep. 30, 2019

Notes Payable [Abstract]

NOTES PAYABLE

Bridge Financing:

On December 21, 2011, the Company issued a $150,000 promissory note to an individual. The note bore interest so that the Company would repay $175,000 on the maturity date of June 21, 2012. Additional interest of 10% was charged on any late payments. The note was not paid at the maturity date and the Company is incurring additional interest as described above. At both September 30, 2019 and 2018, the note balance was $175,000. Accrued interest on the note was $127,388 and 109,888 at September 30, 2019 and 2018, respectively, which is included in accrued expenses on the accompanying consolidated balance sheets.