LOANS

6 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

LOANS

Long term

	March 31, 2018		September 30, 2017
Long-term notes payable consists of the following:
Promissory notes		300,000		150,000
Total	$	300,000	$	150,000

On September 5, 2017, the Company executed a 9% secured promissory note with a face value of $150,000 with an investor. Under the terms of the promissory note the Company received $150,000 and agreed to make monthly interest payments and repay the note principal 24 months from the date of issuance. The note is secured by 150,000 shares which are held in escrow and would be issued to the note holder only in the case of an uncured default. As of March 31, 2018, The Company owed $150,000 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $6,731 for the six months ending March 31, 2018.

On November 11, 2017, the Company executed a 10% secured promissory note with a face value of $100,000 with an investor. Under the terms of the promissory note the Company received $100,000 and agreed to make monthly interest payments and repay the note principal 24 months from the date of issuance. The note is secured by 100,000 shares which would be issued to the note holder only in the case of an uncured default. As of March 31, 2018, The Company owed $100,000 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $3,918 for the six months ending March 31, 2018.

On December 5, 2017, the Company executed a 9% secured promissory note with a face value of $50,000 with an investor. Under the terms of the promissory note the Company received $50,000 and agreed to make monthly interest payments and repay the note principal 24 months from the date of issuance. The note is secured by 50,000 shares which would be issued to the note holder only in the case of an uncured default. As of March 31, 2018, The Company owed $50,000 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $1,430 for the six months ending March 31, 2018.

Current

	March 31, 2018			September 30, 2017
Current notes payable consists of the following:
Promissory notes		252,240			—
Installment loans (insurance)		30,772			7,712
Original issue discount		7,000			—
Unamortized Original issue discount		(5,555	)		—
Total, net of unamortized discount	$	277,457		$	7,712

On October 6, 2017, the Company executed a variable interest rate promissory note with a maximum interest rate of 58.3% and a face value of $45,000 with a financial institution. Under the terms of the promissory note the Company received $45,000 and agreed to repay the note evenly over 12 months. As of March 31, 2018, The Company owed $26,250 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $9,563 for the six months ending March 31, 2018.

On November 20, 2017, the Company executed a 10% secured promissory note with a face value of $80,000 with an investor. Under the terms of the promissory note the Company received $80,000 and agreed to make monthly interest payments and repay the note principal 12 months from the date of issuance. As of March 31, 2018, The Company owed $80,000 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $2,871 for the six months ending March 31, 2018.

On January 12, 2018, the Company executed a variable interest rate promissory note with a maximum interest rate of 58.5% and a face value of $18,400 with a financial institution. Under the terms of the promissory note the Company received $18,400 and agreed to repay the note and interest evenly over 12 months. As of March 31, 2018, The Company owed $15,333 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $1,472 for the six months ending March 31, 2018.

On February 3, 2018, the Company executed a 6.1% installment loan with a face value of $25,781 with a financial institutional to finance an insurance policy. Under the terms of the installment note the Company received $25,781 and agreed to make equal payments and repay the note principal 10 months from the date of issuance. As of March 31, 2018, the Company owed $23,203 in principal and $0 in accrued interested under the terms of the agreement.

On February 27, 2018, the Company executed a 6.1% installment loan with a face value of $9,308 with a financial institutional to finance an insurance policy. Under the terms of the installment note the Company received $9,308 and agreed to make equal payments and repay the note principal 10 months from the date of issuance. As of March 31, 2018, the Company owed $7,569 in principal and $0 in accrued interested under the terms of the agreement.

On February 27, 2018, we entered into a promissory note pursuant to which we borrowed $125,000. The note carries an original issue discount of 5.6% ($7,000). Interest under the promissory note is 10% per annum. Under the terms of the promissory note the Company agreed to make interest and principal payments equal to $2,500 or greater on a monthly basis. Any unpaid balance is due in full on August 1, 2018. As of March 31, 2018, The Company owed $130,657 in principal and $0 in accrued interested under the terms of the agreement and recorded interest expense of $1,157 for the six months ending March 31, 2018. The aggregate original issued issue discount, beneficial conversion feature and debt issuance costs have been accreted and charged to interest expenses as a financing expense in the amount of $1,445 and $0 during the six months ended March 31, 2018 and 2017, respectively.