XML 58 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 11 - Subsequent Events (unaudited)
3 Months Ended
Sep. 30, 2014
Notes  
Note 11 - Subsequent Events (unaudited)

NOTE 11 – SUBSEQUENT EVENTS (unaudited)

 

In accordance with ASC 855-10 “Subsequent Events”, the Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the date the financial statements were issued and found there were none  that warranted disclosure, except for the below:

 

On October 30, 2014, a Company officer and shareholder advanced $29,991(USD) ($32,000 CDN) to meet the operating needs of the Company.  The Company and its officer will determine an appropriate note and repayment program in future, but anticipate it to be a demand note bearing an 8% interest rate.

 

On November 24, 2014, the Company entered into an international distribution agreement with an independent party to engage the party as an international distributor with the right to be the exclusive distributor in Mexico, for an initial period of four years, subject to certain minimum purchase volumes of the Company’s products.