NOTES PAYABLE (Details Narrative) - USD ($) |
12 Months Ended | ||
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Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2013 |
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Face amount of notes | $ 194,000 | ||
Notes payable, interest rate | 6.75% | ||
Interest Paid | $ 5,977 | $ 5,576 | $ 4,192 |
Principal Payment | $ 208,236 | 164,152 | $ 71,586 |
Financing Arrangement Directors and Officers Insurance #1 [Member] | |||
Debt issuance date | Feb. 28, 2014 | ||
Interest Paid | $ 5,435 | ||
Principal Payment | $ 194,000 | ||
Financing Arrangement Directors and Officers Insurance #2 [Member] | |||
Debt issuance date | Feb. 28, 2015 | ||
Face amount of notes | $ 212,400 | ||
Notes payable, interest rate | 6.75% | ||
Interest Paid | $ 5,544 | ||
Principal Payment | $ 164,337 |
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date the debt instrument was issued, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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