XML 24 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Note Payable to Shareholders
12 Months Ended
Aug. 31, 2021
Notes to Financial Statements  
Note Payable to Shareholders

Note 8 - Notes Payable to Shareholders

 

On May 25, 2019, we issued two notes payable to Company directors Edward Manolos and Dan Nguyen, each in the amount of $16,667. The notes, which do not have a defined due date, outline a 5% per annum interest rate. These notes are additionally described herein in Footnote 5- Notes Payable, Related Party and in the footnote outlining Related Party Transactions. Because of Mr. Manolos’ and Mr. Nguyen’s associations as directors, we consider these transactions with related persons, promoters and certain control persons.