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Related Parties
12 Months Ended
Oct. 31, 2013
Related Party Transactions [Abstract]  
Related Parties

 

NOTE 5 - RELATED PARTIES

 

As of October 31, 2013 and October 31, 2012, the Company owed $222,357 and $30,657, respectively, to its officers and directors. Such advances carried no interest, were unsecured, and due on demand. In addition, such balance as of October 31, 2013, included a balance of note payable of $29,800 to one of the directors at 7% interest per annum. The amount of the accrued interest on the note as of October 31, 2013 was $7,393.

 

The Company leases its facilities from the shareholder on a year to year basis. The total rent expense for the years ended October 31, 2013 and 2012 was $28,200 and $30,000, respectively.