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NOTE 11. RELATED PARTY TRANSACTIONS
9 Months Ended
Jan. 31, 2015
Related Party Transactions [Abstract]  
NOTE 11. RELATED PARTY TRANSACTIONS

NOTE 11. RELATED PARTY TRANSACTIONS

 

Equity

 

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.

 

Advances from shareholders

 

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.

 

Advances from our CEO, who is also a shareholder, during the nine months ended January 31, 2015 totaled $23,673.

 

On January 30, 2015 Alexander Farquharson, our former CEO and shareholder waived $47,403 of shareholder advances in advances owed to him by the company. This amount representing 100 %of amounts owed at January 31, 2015 has been contributed to additional paid in capital.

 

Other

 

The Company neither owns nor leases any real or personal property. Our CEO has provided office space without charge. Rental expense is recorded in the financial statements as additional paid-in capital and totaled $2,700 for the nine months ended January 31, 2015.