Related Party Transactions

9 Months Ended

Jun. 30, 2012

Related Party Transactions

Note 6.           Related Party Transactions

In fiscal 2009 the Company entered into a loan agreement with Golden Bridge, LLC (“Golden Bridge”), pursuant to which Golden Bridge made a loan of $185,000 to the Company.  Eric Reinhard, Ron Goodson, David Grissen, Richard Stark, and Alan Teran, who were all members of the Company’s Board of Directors and stockholders of the Company, are the sole members of Golden Bridge. The Company’s and GTDT’s obtaining of the Loan from Golden Bridge and related transactions were duly approved in advance by the Company’s Board of Directors by the affirmative vote of members thereof who did not have an interest in the transaction.  The Loan was paid in full in December 2010 following the closing of the SII Investment Transaction.  Amounts due to related parties that are included in notes payable are $0 at June 30, 2012 and September 30, 2011.