Annual report pursuant to Section 13 and 15(d)

NOTES PAYABLE, RELATED PARTIES (Tables)

v3.3.1.900
NOTES PAYABLE, RELATED PARTIES (Tables)
12 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
Schedule of Notes payable Related Parties [Table Text Block]
Notes payable, related parties consist of the following as of September 30, 2015 and 2014:
 
 
 
September 30,
 
 
 
2015
 
2014
 
Notes Payable, Related Parties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured notes payable, bearing interest at 6% per annum, issued on December 31, 2013, due 12 months from date of issuance.
 
 
-
 
 
164,605
 
Unsecured notes payable, no stated interest, issued on January 14, 2014, payable upon demand.
 
 
157,302
 
 
157,302
 
Unsecured note payable to an employee of the Company, issued on May 16, 2014, bearing interest at 6% per annum, due 12 months from date of issuance. The note is past due.
 
 
50,000
 
 
50,000
 
Unsecured notes payable, bearing interest at 6% per annum, issued on May 16, 2014, due 12 months from date of issuance. The notes are past due.
 
 
80,000
 
 
125,697
 
Total Related Party Notes Payable, current
 
$
287,302
 
$
497,604