ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

9 Months Ended

May 31, 2014

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE 4 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities as of May 31, 2014 and August 31, 2013 are comprised of the following:

	May 31, 2014		August 31, 2013
Accounts payable	$	203,329		$	214,429
Total accounts payable and accrued liabilities	$	203,329			214,429

During the nine months ended May 31, 2014, the Company’s president paid $4,150 to the Company’s  outside accountant and $10,000 to the Company’s auditors on amounts past due by the Company.

During the nine months ended May 31, 2013, the Company determined certain accrued compensation have been forgiven by the officers / related parties and accordingly, the Company credited to additional paid-in capital as contributed services rendered by the officers / related parties of $523,096 (accrued amount of $410,596 as of August 31, 2012 and the amount incurred for the nine months ended May 31, 2013 of $112,500).

Also, during the nine months ended May 31, 2013, the Company determined certain liabilities have been forgiven by the creditors and accordingly, the Company recorded a gain on forgiveness of debt of $166,142 during the nine months ended May 31, 2013.