Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
9 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

 

The company entered into a promissory note with John Seitz in July and August 2017 whereby it borrowed a total of $50,000. The note is due on demand, bears interest at the rate of 5% per annum, and the principal amount is convertible at the option of the holder into securities issued by the Company in a future offering, at the same price and terms received by unaffiliated investors.

 

The maturity date of $400,000 of convertible promissory notes that matured in July and August of 2017 were extended to January 15, 2018 in exchange for 3.3 million of additional warrants.

 

The $50,000 promissory note dated December 28, 2016 that matured in July 2017 was extended until August 30, 2017 and $20,000 was converted into 2 million shares of the company’s stock.