v3.26.1
NOTE 5 - Subsequent Events
6 Months Ended
Mar. 31, 2026
Notes  
NOTE 5 - Subsequent Events

NOTE 5 – Subsequent Events

 

Effective April 2, 2026, we entered into amended and restated revolving promissory note agreements with our president and another principal stockholder that supersede and replace the previous revolving promissory note agreements described in Note 5.  The amended and restated note agreement with our president and principal stockholder provides for a maximum principal indebtedness of $243,100 and the amended and restated note agreement with the other principal stockholder provides for a maximum principal indebtedness of $42,900. The amended and restated note agreements both provide for a maturity date of June 30, 2027, and an interest rate of 3.5%.

 

Subsequent to March 31, 2026 and through the date of these financial statements, the Company received $8,000 in additional advances under the revolving promissory note agreements with its president and the other principal stockholder.

 

The Company has evaluated subsequent events from the balance sheet date through the date of the financial statements were issued and determined that there are no additional events requiring disclosure.