Quarterly report pursuant to Section 13 or 15(d)

9. Note Payable, Related Party

9. Note Payable, Related Party
6 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Note Payable, Related Party

In connection with the acquisition of Marquis by the Company, the Company entered into a mezzanine loan in the amount of up to $7,000,000 with Isaac Capital Fund (“ICF”), a private lender whose managing member is Jon Isaac, our President and Chief Executive Officer. The ICF mezzanine loan bears interest at 12.5% per annum with payment obligations of interest each month and all principal due in January 2021. As of March 31, 2018, and September 30, 2017, there was $2,000,000 outstanding on this mezzanine loan.