THIRD PARTY - NOTE PAYABLE DISCLOSURE

6 Months Ended

Mar. 31, 2020

Notes

THIRD PARTY - NOTE PAYABLE DISCLOSURE

NOTE 6 - THIRD PARTY - NOTE PAYABLE

Balances of note payable as of March 31, 2020 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 Jui 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		-
Li Cai Zhen due on January 10, 2021 with 10% per annum		100,000		-
Wu Tai Lin due on January 17, 2021 with 10% per annum		20,000		-
Su Liang An due on January 29, 2021 with 10% per annum		50,000		-
Liang Pei Jen due on February 13, 2021 with 10% per annum		100,000		-
Lin Pin Hui due on February 25, 2021 with 10% per annum		100,000		-
Teng Ying Min due on February 28, 2021 with 10% per annum		155,000		-
Kao Ko Chen due on March 3, 2021 with 10% per annum		50,000		-
Chiang Chao Chun due on March 9, 2021 with 10% per annum		200,000		-
Hsu Chin Chong due on March 12, 2021 with 10% per annum		100,000		-
Huang Yu due on March 13, 2021 with 10% per annum		100,000		-
Lin Po Chung due on March 18, 2021 with 10% per annum		20,000		-
Lien Chia Yun due on March 24, 2021 with 10% per annum		200,000		-
Lee Pei Hsuan due on April 1, 2021 with 10% per annum		50,000		-
Total Note Payable	$	2,505,000	$	-
Less: Current Portion	$	2,455,000	$	-
Long-Term Portion	$	50,000	$	-

Future maturities of long-term debt as of March 31, 2020 are as follows which does not include related party debt separately stated:

Years ending March 31,
2021	$	2,455,000
2022		50,000
Total	$	2,505,000

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 March 31, 2020, the Company received an aggregate amount of $50,000 before the corresponding effective dates of the promissory notes.