Related Party Transactions with Initial Shareholder Group

3 Months Ended

Dec. 31, 2017

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, 2017 and 2016, the Company incurred $41,000 and $88,889, respectively, of consulting fees which are payable to two officers and two shareholders of the Company. Total consulting fees payable to these officers and shareholder as of December 31, 2017 and September 30, 2017 were $154,815 and $112,315 respectively.

Payable to shareholder

Payable to shareholder totaled $66,360 and $67,860 at December 31, 2017 and September 30, 2017, respectively.

Short-term loan payable to officer

As of December 31, 2017 and September 30, 2017, convertible officer advances to the Company totaled $5,700 and short term notes amounted to $57,674 and $56,974 respectively.