Note 4 - Related Party Transactions |
6 Months Ended |
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Feb. 29, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] |
Note 4 – Related Party Transactions
During the period covered by this report, the Company had convertible notes payable to certain parties who until February 6, 2016 were related parties; see note 7. As of February 29, 2016, these convertible notes had been fully repaid.
During the six months ended February 29, 2016, the Company received loans from the Company’s CEO, David Lelong, to fund operations. These advances are unsecured, non-interest bearing and due on demand. The total outstanding balance due on these advances as of February 29, 2016 was $1,194, respectively.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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