Promissory Notes

9 Months Ended

Oct. 31, 2016

Debt Disclosure [Abstract]

Promissory Notes

Note 6 - Promissory Notes

On October 31, 2015, the Company entered into a promissory note agreement with a third party to settle outstanding payables. The note is for a total principal balance of $358,832, bearing interest at a rate of 10% and maturing in October 2017. The Company is required to prepay the note 10% of the net proceeds received upon the closing of a capital raise, except for, those transactions conducted with the Company’s Chief Executive Officer. The Company paid $248,373 toward the outstanding balance, a portion of which is 10% of the net proceeds from the final closing of the private placement in November 2015. As of October 31, 2016 and January 31, 2016, the outstanding balance on the note was $84,993 and $239,459, respectively.

In January 2016, the Company entered into a promissory note agreement with a third party to settle outstanding payables. The note is for a total principal balance of $116,003, bearing interest at a rate of 6% and maturing in October 2016. As of October 31, 2016 and January 31, 2016, the outstanding balance on the note was $9,753 and $97,116, respectively. In November 2016, the note was fully repaid by the Company.

As of October 31, 2016 and January 31, 2016, the aggregate outstanding balance on the notes was $94,746 and $336,575, respectively.