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NOTES PAYABLE
3 Months Ended
Dec. 31, 2016
Notes Payable [Abstract]  
Notes Payable [Text Block]

NOTE 5 - NOTES PAYABLE


At December 31, 2016, the note payable consisted of the following:


Note payable with Heritage Oaks Bank with monthly payments of $15,416, including

a variable interest rate currently at 5%; note matures May 2018 and is secured by property.

$

1,403,325

Less current portion

 

(117,502)

Total

$

1,285,823


At December 31, 2016, future minimum payments on the note payable were as follows:


For the Year Ending September 30,

     

2017

  $ 117,502

2018

    1,285,823
Total   $ 1,403,325