Related Parties	6 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]
Related Parties	NOTE 4 – RELATED PARTIES As of March 31, 2020 and September 30, 2019, $231,973, was due to Canton Investments Ltd (“CIL” or “Canton”), the largest shareholder of the Company. . This is an unsecured loan, non-interest bearing and there is no repayment date. Interest has been calculated at an imputed interest rate of 3% and reflected as interest expense and as an increase to additional paid in capital in the amount of $3,536 and $7,032 for the six months ended March 31, 2020 and year ended September 30, 2019, respectively. On April 1, 2018, Canton elected to convert $80,000 of the amount due into 94,118 common restricted shares of the Company ($0.85 per share). On February 2, 2016, the Company entered into an expense sharing agreement with Fingi Inc (“Fingi”). Fingi is company for which Canton, our largest shareholder, may be deemed a controlling entity. Under the expense sharing agreement, the Company shares the rent and utility expenses incurred in connection with occupancy of office space that is being leased by Fingi Inc. During the year ended September 30, 2019, amount due for rent was $6,377 per month. For the six months ended March 31, 2020 and 2019 rent and utilities expenses amounted to $38,263 and $37,097, respectively. As of March 31, 2020 and September 30, 2019, the Company had a liability due to its former Chief Executive and Chief Financial Officer, Daniel Otazo in the amount of $2,000. The amount was reflected in accounts payable on the Company’s financial statements. Amounts are due under a compensation for services provided agreement. Mr. Otazo resigned from the Company in all official capacities on November 30, 2017. As of March 31, 2020 and September 30, 2019, the Company had a liability due to its current Chief Executive and Chief Financial Officer, Antonio Treminio, in the amount of $139,051 and $109,051, respectively. As of March 31, 2020 and September 30, 2019, Alternative Strategy Partners Pte. Ltd. (“ASP”) was considered a related party. As a shareholder, ASP owns 20.4% of the outstanding stock of the Company as well as $439,662 of current debt. Additionally, ASP has committed to lend an additional $610,338 to the Company under a line of credit agreement (SEE NOTE 5). Related party transactions are not necessarily indicative of an arm’s length transaction or comparable to a transaction that had been entered into with independent parties.

Related Parties

6 Months Ended

Mar. 31, 2020

NOTE 4 – RELATED PARTIES

As of March 31, 2020 and September 30, 2019, $231,973, was due to Canton Investments Ltd (“CIL” or “Canton”), the largest shareholder of the Company. . This is an unsecured loan, non-interest bearing and there is no repayment date. Interest has been calculated at an imputed interest rate of 3% and reflected as interest expense and as an increase to additional paid in capital in the amount of $3,536 and $7,032 for the six months ended March 31, 2020 and year ended September 30, 2019, respectively. On April 1, 2018, Canton elected to convert $80,000 of the amount due into 94,118 common restricted shares of the Company ($0.85 per share).

On February 2, 2016, the Company entered into an expense sharing agreement with Fingi Inc (“Fingi”). Fingi is company for which Canton, our largest shareholder, may be deemed a controlling entity. Under the expense sharing agreement, the Company shares the rent and utility expenses incurred in connection with occupancy of office space that is being leased by Fingi Inc. During the year ended September 30, 2019, amount due for rent was $6,377 per month. For the six months ended March 31, 2020 and 2019 rent and utilities expenses amounted to $38,263 and $37,097, respectively.

As of March 31, 2020 and September 30, 2019, the Company had a liability due to its former Chief Executive and Chief Financial Officer, Daniel Otazo in the amount of $2,000. The amount was reflected in accounts payable on the Company’s financial statements. Amounts are due under a compensation for services provided agreement. Mr. Otazo resigned from the Company in all official capacities on November 30, 2017. As of March 31, 2020 and September 30, 2019, the Company had a liability due to its current Chief Executive and Chief Financial Officer, Antonio Treminio, in the amount of $139,051 and $109,051, respectively.

As of March 31, 2020 and September 30, 2019, Alternative Strategy Partners Pte. Ltd. (“ASP”) was considered a related party. As a shareholder, ASP owns 20.4% of the outstanding stock of the Company as well as $439,662 of current debt. Additionally, ASP has committed to lend an additional $610,338 to the Company under a line of credit agreement (SEE NOTE 5).

Related party transactions are not necessarily indicative of an arm’s length transaction or comparable to a transaction that had been entered into with independent parties.

Alternative Investment Corp 10-Q