Note 13 - Subsequent Events |
6 Months Ended |
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Feb. 28, 2017 | |
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Note 13 – Subsequent Events
During April 2017, the Company entered into forbearance agreements with the two of the investors of the January and February 2017 Convertible Notes extending the maturity dates to April 17, 2017, in exchange for payments in the aggregate amount of $75,000 of the principal due under these notes.
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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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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