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Subsequent Events
12 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 12. Subsequent Events

 

In October 2020, a lender converted all $28,000 principal and accrued interest of $16,80 of the March 30, 2020 convertible note payable into 9,275,000 shares of common stock. There was no gain or loss recognized as the conversion occurred in accordance with the original terms of the agreement.

 

On October 6, 2020, the Company entered into a convertible promissory note of $33,000, which matures on July 31, 2021 and bears interest at 12%. The promissory note is convertible beginning January 31, 2021 into common stock at a rate of 65% of the average of the two lowest trading prices during the 15 trading days prior to conversion. The Company received cash proceeds of $30,000 after deferred financing fees.