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Related Party Transactions
9 Months Ended
Apr. 30, 2019
Related Party Transactions [Abstract]  
Related Party Transactions

On April 16, 2017, the Company executed a promissory note for $15,000 with a shareholder. The note matures in two years and interest is set at $3,000 for the full two years. As of April 30, 2019, there is $13,500 and $1,125 of principal and accrued interest, respectively, due on this loan.

 

For the nine months ended April 30, 2019 and for the year ended July 31, 2018, total payments of $7,500 and $56,500, respectively were made to an officer of the Company for consulting services. As of April 30, 2019, there is $22,500 credited to accounts payable.

 

For the nine months ended April 30, 2019 and for the year ended July 31, 2018, total payments of $45,000 and $26,500, respectively were made to directors of the Company for consulting services. As of April 30, 2019, there is $30,000 credited to accounts payable.

 

On July 31, 2018, Winona Webb, the wife of Ivan Webb, CEO, loaned the Company $25,000 for general operating expenses. This loan was repaid on August 2, 2018 with an additional $5,000 for interest and a loan fee. On August 3, 2018, Mrs. Webb loaned the Company $30,000 which was repaid on August 21, 2018. On September 25, 2018, the Company executed a loan agreement with Mrs. Webb for $6,800. The loan is to be repaid by December 15, 2018, with an additional $680 to cover interest and fees. On October 10, 2018, the Company executed a loan agreement with Mrs. Webb for $15,000. The loan is to be repaid by December 15, 2018, with an additional $1,500 to cover interest and fees. As of April 30, 2019, the Company owes Mrs. Webb $20,930 and $2,180 of principal and interest, respectively.