CONVERTIBLE NOTE PAYABLE - RELATED PARTY

9 Months Ended

Jun. 30, 2015

Convertible Note Payable Related Party [Abstract]

CONVERTIBLE NOTE PAYABLE - RELATED PARTY

NOTE 7 – CONVERTIBLE NOTE PAYABLE - RELATED PARTY

On May 29, 2015 the Company entered into an exclusive license agreement with Code2Action to license all of its tangible and intangible assets, including intellectual property such as patents and patents pending, software code, and foundational business plan. The agreement also stipulates a 33% commission payable to the Company on all sales pursuant to the technology rights. Code2Action is considered a related party because of common ownership of two Company officers. In exchange for the license, a 10 year $500,000 convertible debt was issued which can be converted into 75% of the Company's fully diluted post conversion outstanding shares. Accordingly, a debt discount of $122,911 has been charged against the note of which $1,077 was expensed during the three months ended June, 30, 2015. The note will decrease to $250,000 (with a 37.5% conversion option) if the Code2Action IP is not successfully merged into the Company. The convertibility of the note results in a derivative liability (see Note 6).