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LOANS
12 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
LOANS

3. LOANS

 

On April 1, 2019, the Company purchased a delivery van from Ford Motor Credit for $41,627. The Company paid $3,500 as a down payment and financed $38,127 for 60 months at a rate of 2.9%. The loan is secured by the van. The outstanding balance on the loan at September 30, 2023 and 2022 amounted to $4,753 and $12,692, respectively.

 

The remainder of the loan is due in fiscal year ending September 30, 2024 in the amount of $4,753.