Related Party Transactions with Initial Shareholder Group

6 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Note 5 - Related Party Transactions with Initial Shareholder Group

Consulting fees payable to officers and shareholder

During the six months ended March 31, 2018 and 2017, the Company incurred $63,700 and $109,889, 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 March 31, 2018 and September 30, 2017 were $177,515 and $112,315 respectively.

Payable to shareholder

Payable to shareholder totaled $61,360 and $67,860 at March 31, 2018 and September 30, 2017, respectively.

Short-term loan payable to officer

As of March 31, 2018 and September 30, 2017, convertible officer advances to the Company totaled $5,700 and short term notes amounted to $59,774 and $56,974 respectively.