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OPERATING LEASES
9 Months Ended
Jun. 30, 2013
Leases, Operating [Abstract]  
Operating Leases of Lessee Disclosure [Table Text Block]
NOTE 8 - OPERATING LEASES

The Company leases a lot in Oceano, California, to use as storage lot, at $2,933 per month. The lease has converted to a month-to-month lease; however, the lessor is considering a long-term renewal at this time.


The Company has a five-year lease obligation for a copier. Rental expense under this operating lease is $414 per month.


At June 30, 2013, future minimum lease payments under these leases were as follows:


For the Year Ended June 30,

 

 

 

 

2014

 

 

$

4,965

2015

 

 

 

4,965

2016

 

 

 

4,965

2017

 

 

 

3,724

2018

 

 

 

-

Total

 

 

$

18,619


Rent expense under these lease agreements was $50,751 and $69,614 for the nine months ended June 30, 2013 and 2012, respectively.