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NOTE 10. RELATED PARTY TRANSACTIONS
12 Months Ended
Apr. 30, 2014
Related Party Transactions [Abstract]  
NOTE 10. RELATED PARTY TRANSACTIONS

NOTE 10. RELATED PARTY TRANSACTIONS

 

On June 24, 2011, officers-directors purchased 2,000,000 common shares, at a price of $0.01 per share at a total price of $20,000.

 

On May 26, 2013, Alexander Farquharson, our President, Secretary, Director, purchased 1,000,000 shares of Company stock from Daniel Martinez (former Treasurer and Director) for $10,000 USD in a private transaction. Mr. Farquharson used his personal funds to pay for the stock. As a result of this stock acquisition, Mr. Farquharson is now the holder of 68% of the issued and outstanding stock of the Company, and is thus the sole controlling shareholder. There are no arrangements or understandings between Mr. Farquharson and Daniel Martinez with respect to the election of directors or other matters.

 

The Company neither owns nor leases any real or personal property. An officer has provided office space without charge. Rental costs have been included in the financial statements as additional paid-in capital. Rent expense was $3,600 and $3,3,600 for the years ending April 30, 2014 and 2013.

 

Advances from stockholders

 

From time to time, stockholders of the Company advance funds to the Company for working capital purposes. Those advances are unsecured, non-interest bearing and due on demand.

 

Stockholders of the Company advanced $24,987 and $3,278 to the Company for working capital purposes during the years ended April 30, 2014 and 2013, respectively. During 2014 $3,278 was forgiven and contributed to capital and $1,257 was repaid in cash.

 

Other

 

The Company neither owns nor leases any real or personal property. An officer has provided office space without charge. Rental costs have been included in the financial statements as additional paid-in capital. Rent expense was $3,600 for the years ending April 30, 2014 and 2013.

 

The officers and directors are currently involved in other business activities and most likely will become involved in additional business activities in the future