XML 25 R15.htm IDEA: XBRL DOCUMENT v3.20.4
Loans Payable
6 Months Ended
Jan. 31, 2021
Loans Payable [Abstract]  
Loans Payable

On April 16, 2017, the Company executed a promissory note for $15,000 with a third party. The note matures in two years and interest is set at $3,000 for the full two years. As of January 31, 2021, there is $15,000 and $4,125 of principal and accrued interest, respectively, due on this loan. As of July 31, 2020, there is $15,000 and $3,375 of principal and accrued interest, respectively, due on this loan. This loan is currently in default.

 

On June 11, 2020, a third party loaned the Company $14,000. On September 9, 2020, the Company repaid $5,000 on this loan. The loan is unsecured, non-interest bearing and due on demand.

 

As of January 31, 2021, the Company owed $5,000 to a third party. The loan is unsecured, non-interest bearing and due on demand.

 

During the year ended July 31, 2020, a third party loaned the Company $15,000. The loan is unsecured, bears interest at 8% per annum and matures on September 1, 2021. As of January 31, 2021, there is $1,627 of interest accrued on this note.

 

During the year ended July 31, 2020, a third party loaned the Company $60,000. The loan is unsecured, bears interest at 8% per annum and matures on September 1, 2021. As of January 31, 2021, there is $6,325 of interest accrued on this note.