RELATED PARTY TRANSACTIONS

3 Months Ended

Jan. 31, 2016

Notes to Financial Statements

NOTE 2 - RELATED PARTY TRANSACTIONS

On January 1, 2012 and April 15, 2012, the Company and its subsidiary Cogent entered into employment agreements with four of its officers and directors. As a result of these agreements the Company has accrued compensation for each of the individuals. In addition the Company is accruing director compensation at the rate of $2,500 per director per month. As of January 31, 2016 the accrued liability for compensation was $96,126.

As of January 31, 2016 and October 31, 2015, the Company had the following outstanding accrued liabilities due to related parties:

As of	January 31, 2016		October 31, 2015
Accrued salaries	$	37,553	$	--
Director fees	$	22,500	$	--
Accrued Commissions	$	31,273	$	24,098
Consulting fees	$	4,800	$	--
Total accrued liabilities and accrued expense	$	96,126	$	24,098