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Related Party Transactions
9 Months Ended
Jun. 30, 2017
Notes  
Related Party Transactions

NOTE 5 - RELATED PARTY TRANSACTIONS

 

At June 30, 2017 and September 30, 2016, the former officer had loaned the Company $54 and $45, respectively.  Per the June 28, 2017 Assignment of Rights and Assumption of Liabilities Agreement, the officer released his loans in the amount $22,840, and the amount was booked as Contributed Capital.

 

At June 30, 2017, Mr. Todd, the owner of the leased vehicle, provided the Company with a memo stating that the amount due to him of $4,200 had been personally paid by the former President. The $4,200 was booked against Accounts Payable, and was included in the Shareholder loan amount that was released at June 30, 2017.

 

At June 30, 2017, a related party provided the Company with a memo stating that he had paid the amount due to Island Capital Management of $7,000, and had been paid back by the former President personally. The $7,000 was booked against Accounts Payable, and was included in the Shareholder loan amount that was released at June 30, 2017.