Note 13 - Subsequent Events |
9 Months Ended |
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May 31, 2017 | |
| Subsequent Events [Abstract] | |
| Subsequent Events [Text Block] |
Note 13 – Subsequent Events
On June 1, 2017 and June 30, 2017, the Company issued demand notes to its President and CEO in the amount of $7,000 and $11,000, respectively, for cash received.
On June 2, 2017, note holders converted principal of the January and February 2017 Convertible Notes in the amount of $25,000 into 208,333 shares of common stock.
On June 5, 2017, the Company entered into a forbearance agreement with Holders of the January and February 2017 Convertible Notes with the following terms: principal due under the Notes would be increased by $50,111 in exchange for extending the due date of the note to December 27, 2017, and the Holders would waive the $163,151 default penalty associated with the Notes.
On June 8, 2017, the Company entered into a forbearance agreement with Holders of the January and February 2017 Convertible Notes with the following terms: principal due under the Note would be increased by $28,792 in exchange for extending the due date of the note to December 27, 2017.
We evaluated subsequent events after the balance sheet date through the date the financial statements were issued. We did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements.
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