Note 10 – Related Party Notes Payable

In January and February 2017, the Company’s President and CEO loaned the Company the aggregate amount of $70,000 represented by three notes payable. In April and May 2017, the Company’s President and CEO loaned the Company an additional $134,000 represented by three notes payable; in June and  August, 2017, the Company’s President and CEO loaned the Company an additional $27,000 represented by two notes payable.  At August 31, 2017, the Company has outstanding notes payable to its President and CEO in the aggregate amount of $231,000.  The Company accrued interest on these notes in the aggregate amount of $2,011 during the twelve months ended August 31, 2017.