Note Payable	6 Months Ended
Mar. 31, 2024
Note Payable [Abstract]
NOTE PAYABLE	5. NOTE PAYABLE On March 31, 2024, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company was required to make a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 7.99%, resulting in a finance charge of $1,359. Beginning in March 2024, the Company is making 9 monthly payments of $4,645, with the last payment made in November 2024. The interest expense for this note payable for the three months ended March 31, 2024 was $270. The company made the down payment and first instalment in April 2024. On March 31, 2023, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company made a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 6.99%, resulting in a finance charge of $1,187. Beginning in March 2023, the Company made 9 monthly payments of $4,626, with the last payment made in November 2023. The interest expense for this note payable for the three ended March 31, 2023 was $236.

Note Payable

6 Months Ended

Mar. 31, 2024

5. NOTE PAYABLE

On March 31, 2024, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company was required to make a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 7.99%, resulting in a finance charge of $1,359. Beginning in March 2024, the Company is making 9 monthly payments of $4,645, with the last payment made in November 2024. The interest expense for this note payable for the three months ended March 31, 2024 was $270. The company made the down payment and first instalment in April 2024.

On March 31, 2023, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company made a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 6.99%, resulting in a finance charge of $1,187. Beginning in March 2023, the Company made 9 monthly payments of $4,626, with the last payment made in November 2023. The interest expense for this note payable for the three ended March 31, 2023 was $236.

ACTAVIA LIFE SCIENCES, INC. 10-Q