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Note 4 - Note Payable - Related Party
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12 Months Ended |
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Sep. 30, 2012
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| Notes | |
| Note 4 - Note Payable - Related Party |
Note 4 – Note Payable – Related Party
On January 6, 2011, a Director and President, Joey Power loaned the Company $61. The loan is non-interest bearing, unsecured and due upon demand. |
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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