XML 44 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 12 - Marketing Engagements With Non-affiliated Shareholders
3 Months Ended
Oct. 31, 2014
Notes  
Note 12 - Marketing Engagements With Non-affiliated Shareholders

Note 12 – Marketing Engagements with Non-Affiliated Shareholders

 

During the periods presented, the Company was provided publicity services from a non-affiliated entity that was paid partly via issuance of 30,000 shares of common stock in the Company at a value of $0.30 per share. The stock issuance was booked as stock services to be applied against monthly fees of $1,500 per month commencing October 1, 2014. There was $575 and $0 due to this entity at October 31, 2014 (end of Q1 ’15) and July 31, 2014 (YE ’14), respectively. Total services provided from this entity to the Company during the three months ended October 31, 2014 and 2013 (Q1 ’15 & ’14), were $5,575 and $0, respectively.

 

During the periods presented, the Company entered into a twelve month non-exclusive public relations campaign agreement with a non-affiliated entity for a total value of $220,500 consisting of monthly cash payments of $2,500 and the issuance of 254,000 shares of common stock in the Company at a value of $0.75 per share. $10,500 of the stock issuance was applied toward initial setup fees, and the remainder was set up as stock services to be applied against monthly fees of $15,000 per month commencing November 1, 2014. There was no amount due to this entity at October 31, 2014 (end of Q1 ’15) and July 31, 2014 (YE ’14), respectively. Total services provided from this entity to the Company during the three months ended October 31, 2014 and 2013 (Q1 ’15 & ’14), were $10,500 and $0, respectively.