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Subsequent Events
12 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events

NOTE 14 – SUBSEQUENT EVENT

 

On October 18, 2016, the Company entered into a promissory note with Mill City for $10,000. The promissory note bears an interest rate of 12% per annum and all principal and accrued interest of $11,200 will be due and payable by the Company to Mills City on October 17, 2017. See Note 6.

 

On December 16, 2016, the Company entered into a promissory note with Mill City for $12,500. The note is payable on December 15, 2017 in the amount of $14,000. The note bears interest of 12% which is payable on December 15, 2017.

 

On December 22, 2016, the promissory notes with Mill City, Ltd., Lane Ventures, Inc., and Alpha Capital Anstalt, matured, and are in default (see Note 6).

 

On January 4, 2017, the Company entered into a promissory note with Alpha Capital Anstalt for $12,500. The note is payable on January 3, 2018 in the amount of $14,000. The note bears interest of 12%.