NOTES PAYABLE

9 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

The Company’s indebtedness as of June 30, 2023 and September 30, 2022 were as follows:

Description	June 30,  2023		September 30, 2022
Convertible notes	$	100,747	$	100,747
Notes Payable	$	60,000	$	76,255
Notes Payable – Related Parties	$	51,694	$	—

Notes Payable and Other Loans

During 2015 and 2016, the Company executed promissory notes payable with six individuals with an aggregate principal balance of $60,000. The notes were due on demand and included interest at 10%. As of June 30, 2023 and September 30, 2022, the total promissory notes payable balance was $107,197 and $102,710 including accrued interest of $47,197 and $42,710, respectively. On January 15, 2019, the holder of a note with a principal balance of $10,000 made demand for payment. To date, the note has not been paid.

Convertible Notes Payable

As of June 30, 2023 and September 30, 2022, noteholders representing $70,747 in outstanding principal had not requested the exchange of shares of common stock. As of June 30, 2023 and September 30, 2022, the exchange obligation payable was $176,835 and $168,897 including accrued interest of $106,087 and $98,150, respectively. As of June 30, 2023 and September 30, 2022, the exchange obligation was for 53,424 shares and 51,026 shares of common stock, respectively.

On February 1, 2016, the Company issued convertible secured note payable of $30,000 to an individual. The note was due on January 31, 2017 and included interest at 10%. The note was convertible at discretion of the holder into common shares of the Company at the rate of $0.50 per shares. The Company has not extended the maturity date and the note is in default. As of June 30, 2023 and September 30, 2022, the total convertible note payable balance was $52,241 and $49,997, including accrued interest of $22,241 and $19,997 respectively. As of June 30, 2023 and September 30, 2022, the exchange obligation was for 104,482 shares and 99,994 shares of common stock, respectively.

Related Party Loans

On December 5, 2022, the Company entered into a Promissory Loan Note with Mr. Andrew Liang, in the amount of US$20,000, with a maturity date of December 5, 2023. The loan will accrue interest at the rate of 10% per annum.

On February 28, 2023, the Company entered into a Promissory Loan Note with MI Labs Pty Ltd, in the amount of US$50,000 (of which $31,693 was received by the company as of June 30, 2023) with a maturity date of February 28, 2024. The loan will accrue interest at the rate 10% per annum.