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NOTE PAYABLE
6 Months Ended
Mar. 31, 2017
Notes Payable [Abstract]  
Notes Payable [Text Block]

NOTE 5 - NOTE PAYABLE


At March 31, 2017, September 30, 2016, and March 31, 2016, the note payable consisted of the following:


 

March 31,

2017

(Unaudited)

 

September 30,

2016

(Audited)

 

March 31,

2016

(Unaudited)

     
     

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.

$

1,074,253

 

$

1,431,890

 

$

1,832,313

                 

Less current portion

 

(99,933)

 

 

(116,048)

 

 

(95,523)

                 

Total

$

974,320

 

$

1,315,842

 

$

1,736,790


At March 31, 2017, future minimum payments on the note were as follows:


For the Year Ending December 31,

 

   

2017

 

$

99,933

2018

 

 

974,320

Total

 

$

1,074,253