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NOTE 11 - RELATED PARTY TRANSACTIONS
12 Months Ended
Apr. 30, 2016
Related Party Transactions [Abstract]  
NOTE 11 - RELATED PARTY TRANSACTIONS

NOTE 11 - RELATED PARTY TRANSACTIONS

 

Due 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.

 

During the year ended April 30, 2015, due from our former CEO/majority shareholder totaled $23,673. On January 30, 2015, our former CEO/majority shareholder waived in full, $47,403 of related party advances and which was recorded as additional paid in capital.

 

As of April 30, 2016 and 2015, no amounts were owed.

 

Other

 

As of April 30, 2016 and 2015, the Company accrued salaries to officers and directors of $125,814 and $26,000, respectively.

 

Our former CEO had provided office space without charge. Rental expense is recorded in the financial statements as additional paid-in capital and totaled $3,600 for the years ended April 30, 2015.