NOTE 4 - ACCRUED EXPENSES/ACCRUED EXPENSES – RELATED PARTY

3 Months Ended

May 31, 2016

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 4 – ACCRUED EXPENSES/ACCRUED EXPENSES – RELATED PARTY

Other liabilities and accrued expenses consisted of the following:

	May 31,		February 29,
	2016		2016
Bank overdraft	$	16,294	$	-
Accounts payable		526,561		524,516
Accounts payable – related party		35,884		35,884
Accrued royalties payable – Guardian Alert		480,000		480,000

Detail of Accrued Expenses:
Accrued interest payable	$	1,002,988	$	952,872
Accrued non-resident withholding taxes, including accrued interest		196,077		193,556
Accrued taxes payable		39,011		39,619
Total accrued expenses	$	1,238,076	$	1,186,047

Detail of Accrued Expense – Related party:
Accrued payroll – related party	$	53,694	$	53,694
Other accrued liabilities – related party		17,117		17,117
Total accrued expenses – related party	$	70,811	$	70,811

As of May 31, 2016, included in the trade payables is $33,495 (February 29, 2016: $33,495) and $2,389 (February 29, 2016: $2,389) owing to directors of the Company, an accounting firm in which a director of the Company is a partner and a company controlled by the Company’s President and a director with respect to unpaid fees, purchases and expenses, $480,000 (February 29, 2016: $480,000) owing to stockholders of the Company in respect of royalties payable, $53,694 (February 29, 2016: $53,694) owing to the former president of the Company in respect of unpaid wages and $17,117 (February 29, 2016: $17,117) accrued expenses related to a director of the Company.

At May 31, 2016, advances payable of $38,658 (February 29, 2016: $60,158) are due to a company controlled by a director of the Company.

At May 31, 2016, promissory notes payable of $439,590 (February 29, 2016: $439,590) is due to a profit sharing and retirement plan which is administered by a director of the Company.

The accounts payable and advances payable are unsecured, non-interest bearing and have no specific terms of repayment. Sense Technologies, Inc. plans to use the funds from sales, and if we are able to raise funds through equity issuances, to fund the payment of delinquent liabilities.