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NOTES PAYABLE
3 Months Ended
Dec. 31, 2015
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 $1,855,525 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 $12,335 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 $38,638 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 $36,400 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, 2015, future minimum payments are as follows:

   
Period Ending December 31,
 
2016
$   125,249
2017
     127,041
2018
  1,686 462
2019
         4,146
Total
$1,942,898