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PAYCHECK PROTECTION PROGRAM LOAN | 9 Months Ended
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Jun. 30, 2021
PAYCHECK PROTECTION PROGRAM LOAN |
Note - 13 PAYCHECK PROTECTION PROGRAM LOAN | NOTE 13 – PAYCHECK PROTECTION PROGRAM LOAN In April 2020, The Company applied for an unsecured loan pursuant to the PPP administered by and authorized by the CARES Act. Section 1106 of the Act provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program. On April 27, 2020, the Company received the loan from Truist Bank (the “Lender”) in the principal amount of $1,456,100. The SBA Loan is evidenced by a promissory note issued by the Company (the “Promissory Note”) to the Lender. During May of 2021, the Company received notice from the SBA the loan principal and any accrued interest was completely forgiven.

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