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NOTE 10 - NOTES PAYABLE
12 Months Ended
Apr. 30, 2015
Debt Disclosure [Abstract]  
NOTE 10 - NOTES PAYABLE

NOTE 10 – NOTES PAYABLE

 

Promissory Notes

 

During the year ended April 30, 2015, an unrelated party advanced funds in the amount of $18,956 to fund operations and provide working capital. Unpaid balances are due on demand and accrue an annual interest rate of 5%. At April 30, 2015, the notes had a principle balance of $18,956 and accrued interest of $116, for a total amount outstanding of $19,072.

 

Note Payable

 

   

April 30,

2015

 

April 30,

2014

Note dated April 30, 2015, to Warwick Overseas, LLC, interest at 5%, due in two installments of $125,000 at the end of each year, term of two years $ 250,000 $ -
Total note payable   250,000   -
Less current portion of Note payable   125,000   -
Total-term portion of note payable $ 125,000 $ -

 

 

At April 30, 2015 no accrued interest has been accrued on this note payable.