Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE NOTES PAYABLE - RELATED PARTIES (Tables)

v3.10.0.1
CONVERTIBLE NOTES PAYABLE - RELATED PARTIES (Tables)
12 Months Ended
Sep. 30, 2018
CONVERTIBLE NOTES PAYABLE - RELATED PARTIES [Abstract]  
Convertible Notes Payable to Related Parties
Convertible notes payable to related parties are as follow at September 30, 2018 and 2017, respectively:

   
Sept. 30,
2018
   
Sept. 30,
2017
 
             
 
Convertible note payable to brother of former CEO, including interest at 10%, due December 31, 2016, convertible at $1.47 per share.  This note is in default as of September 30, 2018 and continues to accrue interest at 10%.
 
$
50,000
   
$
50,000
 
                 
Convertible note payable to former CEO, including interest at 10%, due December 31, 2017, convertible at $1.47 per share, currently in default.  The Company paid $41,909 towards this note in June 2018.
   
8,091
     
50,000
 
                 
Convertible notes payable, with a shareholder, dated May 5, 2017, including interest at 10%, due May 5, 2018, convertible into shares of the Company’s common stock at $0.0681 per share.  This note is currently in default.
   
5,000
     
5,000
 
                 
Convertible notes payable, with a shareholder as part of the purchase price of Shift Now, Inc., dated August 10, 2018, including interest at 5%, convertible into shares of the Company’s common stock at $0.075 per share on August 10, 2019. 50% of the principal and interest are due on August 19, 2019, with the balance due August 19, 2020.
   
30,000
     
-
 
     
93,091
     
105,000
 
Accrued interest
   
33,655
     
25,446
 
     
126,746
     
130,446
 
Less current portion
   
(111,746
)
   
(130,446
)
Long-term convertible notes payable, related parties
 
$
15,000
   
$
-