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RELATED PARTY TRANSACTIONS DISCLOSURE
6 Months Ended
Sep. 30, 2019
Notes  
RELATED PARTY TRANSACTIONS DISCLOSURE

NOTE 10 - RELATED PARTY TRANSACTIONS

 

ADVANCES FROM DIRECTOR AND STOCKHOLDER

 

 

September 30, 2019

 

March 31, 2019

Balance, beginning of year

$

264,733

 

$

195,009

funds received

 

443,461

 

 

136,213

funds paid

 

(366,321)

 

 

(66,489)

Balance, end of year

$

341,873

 

$

264,733

 

Funds were advanced from time to time by Mr. Terence Robinson, the CEO and the sole director and by Current Capital Corp., a company owned by a brother of the CEO and a shareholder.

 

CONSULTING FEES

 

Consulting fees include fees charged by the CEO of $9,000 and $18,000 respectively for the three and six months ended September 30, 2019 and September 30, 2018.

 

DEVELOPMENT COSTS.

 

Development costs include fee of $ nil and $123,308 respectively for three and six months ended September 30, 2019 ($9,000 and $18,000 respectively for the three and six months ended September 30, 2018) charged by Lupama, a company controlled by the CEO of the Company’s subsidiary.

 

SELLING AND MARKETING

 

Includes expenses of $5,694 and $165,875 respectively for the three months and six months ended September 30, 2019 charged by Lupama (Three and six months ended September 30, 2018: $ nil).

 

TRAVEL, MEALS AND PROMOTION

 

Comprises expenses of $22,738 charged by the CEO for the three and six months ended September 30, 2019. ($21,474 for the three and six months ended September 30, 2018)

 

FURNITURE AND EQUIPMENT ACQUIRED

 

Furniture and equipment includes equipment valued at $54,434 acquired from Lupama.