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Leases Disclosure
12 Months Ended
Sep. 30, 2016
Notes  
Leases Disclosure

NOTE 8 - LEASES

 

On October 5, 2015, the Company entered into a 5-year agreement to lease a custom-built truck equipped with an advertising display at $200 per month. At the end of the lease period, the agreement automatically renews for an additional 5-year period unless terminated by either party 90 days prior to the expiration date.

 

The table below represents the minimum annual lease payments for the length of the remaining lease period.

 

Fiscal Year End

 

Annual payment

 

 

 

September 30, 2017

 

$ 2,400

September 30, 2018

 

$ 2,400

September 30, 2019

 

$ 2,400

September 30, 2020

 

$ 2,400

Total over 4 years

 

$ 9,600