Related Party Transactions with Initial Shareholder Group

3 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Note 5 - Related Party Transactions with Initial Shareholder Group

Consulting fees payable to officers and shareholder

During the three months ended December 31, 2015 and 2014, the Company incurred $26,408 and $16,000, respectively, of consulting fees which are payable to two officers and to one shareholder of the Company. Total consulting fees payable to these officers and shareholder as of December 31, 2015 and September 30, 2015 were $173,006 and $176,006 respectively.

Payable to shareholder

Payable to shareholder totaled $74,110 at December 31, 2015 and September 30, 2015.

Short-term loan payable to officer

As of December 31, 2015 and September 30, 2015, officer advances to the Company totaled $33,506 and $25,901, respectively.