Related Party Transactions with Initial Shareholder Group

3 Months Ended

Dec. 31, 2016

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, 2016 and 2015, the Company incurred $88,889 and $26,408, respectively, of consulting fees which are payable to four officers and to one shareholder of the Company. Total consulting fees payable to these officers and shareholder as of December 31, 2016 and September 30, 2016 were $82,365 and $99,865 respectively.

Payable to shareholder

Payable to shareholder totaled $74,110 at December 31, 2016 and September 30, 2016.

Short-term loan payable to officer

As of December 31, 2016 and September 30, 2016, officer advances to the Company totaled $58,364 and $53,154, respectively.