NOTES PAYABLE (Details Narrative) (USD $)
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9 Months Ended | 4 Months Ended | |
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
Financing Arrangement Directors and Officers Insurance [Member]
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Face amount of notes | $ 194,000 | ||
Debt issuance date | Feb. 18, 2014 | ||
Notes payable, interest rate | 6.75% | ||
Notes payable, term | 12 months | ||
Principal repaid | 85,083 | ||
Interest paid | $ 513 | $ 3,116 | $ 3,582 |
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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
Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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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 during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
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