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OPERATING LEASES
6 Months Ended
Mar. 31, 2014
Leases, Operating [Abstract]  
Operating Leases of Lessee Disclosure [Table Text Block]
NOTE 7 - 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 March 31, 2014, future minimum lease payments to lease equipment are as follows:


For the Period Ended March 31,

 

 

2015

$

4,965

2016

 

4,965

2017

 

4,965

2018

 

-

2019

 

-

Thereafter

 

-

Total

$

14,895


Rent expense under these agreements was $17,990 and $41,837 for the six-month period ended March 31, 2014 and 2013, respectively.