XML 58 R11.htm IDEA: XBRL DOCUMENT
v3.8.0.1

5. Loan | 12 Months Ended
--- | ---
Sep. 30, 2017
Notes |
5. Loan | 5. LOAN On June 30, 2016, NuZee JAPAN Co., Ltd entered into a loan agreement with Tono Shinyo Kinko Bank. The Company borrowed the sum of approximately $145,758 to be repaid on or before June 5, 2021 at an annual interest rate of 1.2%. The loan is unsecured and guaranteed by a director. The Company had $99,973 loan payable at September 30, 2017. On January 27, 2017, NuZee JAPAN Co., Ltd entered into a loan agreement with Nihon Seisaku Kouko. The Company borrowed the sum of approximately $87,268 to be repaid on or before January 20, 2022 at an interest rate of 0.16%. The loan is unsecured and not guaranteed by a director. The Company had $78,352 loan payable at September 30, 2017. The loan payments required for the next five years are as follows:
|  | Tono Shinyo Kinko Bank |  |  | Nihon Seisaku Kouko |
2017 |  | $ | 26,660 |  |  | $ | 18,022 |
2018 |  | $ | 26,660 |  |  | $ | 18,022 |
2019 |  | $ | 26,660 |  |  | $ | 18,022 |
2020 |  | $ | 19,993 |  |  | $ | 18,022 |
2012 |  | $ | - |  |  | $ | 6,264 |
Total Loan Payment |  | $ | 99,973 |  |  | $ | 78,352 |

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration