THIRD PARTY - NOTE PAYABLE DISCLOSURE

3 Months Ended

Dec. 31, 2019

Notes

THIRD PARTY - NOTE PAYABLE DISCLOSURE

NOTE 6 - THIRD PARTY - NOTE PAYABLE

Balances of note payable as of December 31, 2019 and September 30, 2019 consisted of the following:

	As of December 31, 2019 (Unaudited)		As of September 30, 2019 (Audited)
Tsai Ming Hsiu due on November 28, 2020 with 10% per annum	$	50,000	$	-
Chang Ruei Yu due on December 6, 2020 with 10% per annum		350,000		-
Liao Shu Hua due on December 9, 2020 with 10% per annum		50,000		-
Chen Hsuan Yi due on December 9, 2020 with 10% per annum		60,000		-
Jean Mei Ing due on December 10, 2020 with 10% per annum		50,000		-
Lin Po Chung due on December 10, 2020 with 10% per annum		240,000		-
Lee Hsiu Kung due on December 13, 2020 with 10% per annum		70,000		-
Wu Tai Lin due on December 16, 2020 with 10% per annum		50,000		-
Huang Yu due on December 16, 2020 with 10% per annum		100,000		-
Lin Cheng Yu due on December 17, 2020 with 10% per annum		100,000		-
Wu Chih Kao due on January 1, 2021 with 10% per annum		50,000		-
Lee Hsiu Kung due on January 3, 2021 with 10% per annum		30,000		-
Jao Tzu Yun due on January 7, 2021 with 10% per annum		60,000		-
Total Note Payable	$	1,260,000	$	-
Less: Current Portion	$	1,120,000	$	-
Long-Term Portion	$	140,000	$	-

Future maturities of long-term debt as at December 31, 2019 are as follows which does not include related party debt separately stated:

Years ending December 31,
2020	$	1,120,000
2021		140,000
Total	$	1,260,000

All the above notes carry a 10% per annum with monthly interest accrued to the aforementioned lenders. The principal is received by the Company seven days prior to the effective date of such promissory note, and as of December 31, 2019, the Company received an aggregate amount of $140,000 before the corresponding effective dates of the promissory notes.