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Note 4. Notes Receivable	9 Months Ended
Jun. 30, 2014
Notes
Note 4. Notes Receivable	NOTE 4. NOTES RECEIVABLE The Company entered into a secured financing agreement with Nature’s Own Wellness Center, Inc. (“Nature’s Own”). Financing will be provided in a series of tranches as construction progresses to renovate a 15,000 square foot warehouse into a cannabis growing and processing facility. The total amount of financing is estimated to be $1,000,000, will accrue interest at 18% per annum, and will mature on November 1, 2016. Monthly interest only payments are due July 1 through November 1, 2014. Monthly principal and interest payments begin on December 1, 2014 through maturity. The note receivable is collaterized by substantially all of the assets of Nature’s Own and is personally guaranteed by one of the majority owners of Nature’s Own. Nature’s Own is a licensed Colorado cannabis dispensary owner and grower with separate and distinct operations. Nature’s Own has its own revenue generating activities and is not financially dependent upon the Company. The Company has not guaranteed any debtor or obligation of Nature’s Own. The Company has no control of Nature’s Own operations and does not perform any management functions. However, a majority shareholder of Nature’s Own owns 100,000 shares of common stock of the Company. The Company performed analysis to determine if Nature’s Own is required to be consolidated under ASC 810, Consolidations, and determined that the Company is not the primary beneficiary. As a result, consolidation was not required. The balance of the note receivable as of June 30, 2014, was $200,000. Interest receivable and income for the three and nine month period ended June 30, 2014 was $986. Subsequent to June 30, 2014, the Company advanced a second tranche of $450,000 to Nature’s Own.

Note 4. Notes Receivable

9 Months Ended

Jun. 30, 2014

NOTE 4. NOTES RECEIVABLE

The Company entered into a secured financing agreement with Nature’s Own Wellness Center, Inc. (“Nature’s Own”). Financing will be provided in a series of tranches as construction progresses to renovate a 15,000 square foot warehouse into a cannabis growing and processing facility. The total amount of financing is estimated to be $1,000,000, will accrue interest at 18% per annum, and will mature on November 1, 2016. Monthly interest only payments are due July 1 through November 1, 2014. Monthly principal and interest payments begin on December 1, 2014 through maturity. The note receivable is collaterized by substantially all of the assets of Nature’s Own and is personally guaranteed by one of the majority owners of Nature’s Own.

Nature’s Own is a licensed Colorado cannabis dispensary owner and grower with separate and distinct operations. Nature’s Own has its own revenue generating activities and is not financially dependent upon the Company. The Company has not guaranteed any debtor or obligation of Nature’s Own. The Company has no control of Nature’s Own operations and does not perform any management functions. However, a majority shareholder of Nature’s Own owns 100,000 shares of common stock of the Company. The Company performed analysis to determine if Nature’s Own is required to be consolidated under ASC 810, Consolidations, and determined that the Company is not the primary beneficiary. As a result, consolidation was not required.

The balance of the note receivable as of June 30, 2014, was $200,000. Interest receivable and income for the three and nine month period ended June 30, 2014 was $986. Subsequent to June 30, 2014, the Company advanced a second tranche of $450,000 to Nature’s Own.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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