XML 63 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 7 - Subsequent Events
3 Months Ended
Jul. 31, 2018
Notes  
Note 7 - Subsequent Events

NOTE 7 – SUBSEQUENT EVENTS

 

On September 25, 2018, the Company repaid the then outstanding balance of the ACH Loan totaling $12,992 with funds received from  Strategic Funding Source, Inc.

 

On September 25, 2018, the Company borrowed $38,340 from Strategic Funding Source, Inc. under the Loan Agreement. Pursuant to the terms of the Loan Agreement, the Company received $26,605 of proceeds after deductions for $395 of service fees and $11,340 related to interest. Repayment is achieved through 246 daily bank account withdrawals of $156. The Loan Agreement is secured by all current and future assets of the Company.