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EXCEL - IDEA: XBRL DOCUMENT - SMARTDATA CORPFinancial_Report.xls
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EX-31.1 - EXHIBIT 31 SECTION 302 CERTIFICATION - SMARTDATA CORPf10k093012_ex31z1.htm
10-K - FORM 10-K ANNUAL REPORT SEPTEMBER 30, 2012 - SMARTDATA CORPf10k093012_10k.htm
XML - IDEA: XBRL DOCUMENT - SMARTDATA CORPR21.htm
EX-32.1 - EXHIBIT 32 SECTION 906 CERTIFICATIONS - SMARTDATA CORPf10k093012_ex32z1.htm
v2.4.0.6
Related Party Convertible Promissory Notes
12 Months Ended
Sep. 30, 2012
Related Party Convertible Promissory Notes  
Related Party Convertible Promissory Notes

NOTE 7 – RELATED PARTY CONVERTIBLE PROMISSORY NOTES

 

On September 10, 2010, the Company borrowed $10,000 under the terms of a convertible note which is payable on demand and bears no interest. The note holder is a significant shareholder of the Company.  At the holder’s option, the convertible note converts into 1,000,000 shares of restricted common shares of the Company.  In May 2011, the Company borrowed a total of $5,000 under the terms of a convertible note which is due on demand and bears no interest.  At the holder’s option, the convertible note converts into 500,000 shares of restricted common shares of the Company.  During the year ended September 30, 2012, the Company borrowed an additional $1,000 under these same terms.