NOTES PAYABLE

3 Months Ended

Dec. 31, 2014

Notes Payable [Abstract]

Notes Payable [Text Block]

NOTE 5 - NOTES PAYABLE

The Company secured permanent financing on the purchase of storage lot land in Arroyo Grande, California, with Heritage Oaks Bank. The loan originated on May 8, 2008. The total loan currently outstanding is $2,379,047 and was financed over a period of ten years at a variable interest rate currently at 5.0%. The payments are currently $15,416 per month interest and principal. The Company secured a vehicle lease with Donahue Transportation Services Corp on a 2008 Tow Truck. The loan originated on December 9, 2009. The total loan currently outstanding is $20,512 and financed over a period of seven years at an interest rate of 8.39%. The payments are currently $799 per month interest and principal. The Company secured a lease which has been classified as a capital lease and included with notes payable. The capital lease is with Donahue Transportation Services Corp on a 2013 Hino Truck. The lease originated on May 10, 2012. The total balance currently outstanding is $49,088 and is financed over a period of seven years at an interest rate of 4.751%. The payments are currently $1,046 per month interest and principal. The Company secured a lease which has been classified as a capital lease and included with notes payable. The capital lease is with RLC Funding on a security system for Lot-K. The lease originated on Nov. 8, 2013. The total balance currently outstanding is $46,273 and is financed over a period of five years at an interest rate of 13.537% The payments are currently $1,295 per month interest and principal.

At December 31, 2014, future minimum payments are as follows:

Period Ending December 31,
2015	$	96,421
2016		101,875
2017		102,536
2018		2,189,945
2019		4,143
Thereafter		-
Total	$	2,494,920