|9 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
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.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.