Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

v2.4.1.9
NOTES PAYABLE
6 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

 

On February 28, 2015, the Company entered into a financing arrangement for its directors and officers insurance policy in the amount of $212,400. The financing arrangement bears interest at 6.75% and will be fully paid in 9 months from the date of issuance. As of March 31, 2015, the Company had repaid $23,168 of principal and had paid interest of $1,100 in cash.