RELATED PARTY TRANSACTIONS
|12 Months Ended|
Sep. 30, 2016
|Notes to Financial Statements|
|NOTE 14. RELATED PARTY TRANSACTIONS||
The Company sourced some of its funding from its CEO and director - Mr. Lee, CEO and Dr. Ford Moore. Interest accrued on all loans outstanding to Mr. Lee and Dr. Moore totaled $53,043 as of September 30, 2016. The total loan amounts including accrued interest owing to Mr. Lee as and Dr. Moore of September 30, 2016, 2015, and 2014 were $346,335, $171,500, and $89,564, and owing to Dr. Moore as of September 30, 2016 were $115,180. Account payables owing to Mr. Lee as of September 2016, 2015 and 2014 were $414,615, $318,675 and $210,139. Account payables owing to shareholders as of September 2016, 2015 and 2014 were $160,714, $129,514 and $125,516.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef