XML 27 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Subsequent Events
3 Months Ended
Oct. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

On January 9, 2019 the Company entered into a convertible secured promissory note agreement with the Sanguine Group, LLC in the amount of $625,000. The note bears interest at the rate of 12% and is due January 9, 2020. The note agreement requires quarterly interest payments of $18,750 commencing on April 1, 2019. $125,000 of this note was advanced to the Company during the quarter ended October 31, 2018.

The Company as of February 1, 2019 is required by the financial institution to maintain a cash collateral account in the amount of $200,000.