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EXCEL - IDEA: XBRL DOCUMENT - FIRST CORP /CN/Financial_Report.xls
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v2.4.0.6
Subsequent Events
12 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events

NOTE 9 – Subsequent Events

 

Management evaluated all activities of the Company through issuance date of the Company's audited financial statements and concluded that the following subsequent events have occurred that would require adjustments or disclosures to the audited financial statements.

 

On December 20, 2012, the company issued 8% convertible notes payable in the aggregate principal face amounts of $42,500 in exchange for cash proceeds of the same amount. The notes provides for the payment of 8% interest per annum with a due dates of December 20, 2013. The notes also provides for potential conversion into common stock of the Company at a price of $0.03 per share.