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RELATED PARTY TRANSACTIONS
3 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

On August 3, 2020 Specialty Capital Lenders LLC was assigned a $350,000 promissory note by the former note holder and CEO of the Company. As of September 30, 2021, the balance of the promissory note outstanding was $350,000. The balance of accrued interest payable on the note was $66,654 and $63,029 as of December 31, 2022 and September 30, 2022, respectively.

 

As of December 31, 2022 and September 30, 2022, the Company owed $35,136 and $32,164 respectively to related parties for funds advanced to the Company for general and administrative expenses.