Note 5 – Related Party Transactions

During the three months ended February 28, 2018 and 2017, the Company accrued salary in the amount of $16,000 and $24,000, to its President and CEO, David Lelong.  The Company paid Mr. Lelong $8,000 in salary for February 2018.  At February 28, 2018 and August 31, 2017, the Company had accrued salary payable in the amount of $160,000 and $120,000, respectively, due to Mr. Lelong.

The three months ended February 28, 2018,  the Company paid Mr. Lelong the amount of $25,000 of principal and $137 of accrued interest on a note payable to Mr. Lelong. At February 28, 2018, the Company owed principal in the amount of $166,500 and accrued interest in the amount of $3,024 on this note to Mr. Lelong.