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Related Party Transactions
9 Months Ended
Nov. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 6 – RELATED PARTY TRANSACTIONS

 

As of November 30, 2017, the amount due to the majority shareholder and a director bear no interest and with no stated repayment terms totaled $375,111 ($289,281 as at February 28, 2017) arose from payments made on behalf of the Company, including by private credit.

 

As of November 30, 2017, the Company had an accrued payroll expense of $206,000 ($216,000 as at February 28, 2017), after converting $70,000 of the amount owing into 14,000,000 Preferred Shares. See Note 5.

 

During the three months ended November 30, 2017, an affiliated party advanced the Company $5,000 as a short-term loan to cover certain operating expense. The advance is non-interest bearing and due on demand.