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Related Party Transactions with Initial Shareholder Group
9 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Note 5 - Related Party Transactions with Initial Shareholder Group

Consulting fees payable to officers and shareholder

 

During the nine months ended June 30, 2018 and 2017, the Company incurred $91,900 and $152,612, 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 June 30, 2018 and September 30, 2017 were $203,415 and $112,315 respectively.

 

Payable to shareholder

 

Payable to shareholder totaled $60,860 and $67,860 at June 30, 2018 and September 30, 2017, respectively.

 

Short-term and convertible notes payable to officers

 

As of June 30, 2018 and September 30, 2017, convertible notes payable, officer totaled $5,700 and short term notes payable to officer amounted to $59,774 and $56,974 respectively.