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Notes and Loans Payable
3 Months Ended
Apr. 30, 2015
Notes  
Notes and Loans Payable

NOTE 3: NOTES PAYABLE

 

Notes payable consists of an unsecured convertible promissory note in the modified principal sum of $236,350. The note bears interest at a rate of 6% per annum, , is due January 31, 2017, and is convertible into the Company’s common stock at a rate of $0.003 per share.  

 

As of April 30, 2015 and January 31, 2015, the Company has accrued $33,957 and $30,499 , respectively, in interest on notes payable.