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Related Party Transactions
12 Months Ended
Feb. 29, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

Note 5. Related Party Transactions

 

As of February 29, 2016, the amounts due to the majority shareholder and a director bear no interest and with no stated repayment terms; the Company recorded no imputed interest on these borrowings. These loans arose from payments made on behalf of the Company, including by private credit cards and was advanced as follows:

 

Cash loans   $ 116,160  
Total   $ 116,160  

 

As of February 29, 2016, the Company accrued payroll expense of $96,000 and accrued rental and operating expenses of $74,959 due to the Company’s CEO.

 

As of February 28, 2015 there were no related party loans.