RELATED PARTY TRANSACTIONS

6 Months Ended

Apr. 30, 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 April 30, 2016 the accrued liability for compensation was $184,732.

As of April 30, 2016 and October 31, 2015, the Company had the following outstanding accrued liabilities due to related parties:

As of	April 30, 2016		October 31, 2015
Accrued salaries	$	83,765	$	--
Director fees	$	45,000	$	--
Accrued Commissions	$	46,367	$	24,098
Consulting fees	$	9,600	$	--
Total accrued liabilities and accrued expense	$	184,732	$	24,098