NOTE 5 - NOTES PAYABLE

6 Months Ended

Oct. 31, 2016

Debt Disclosure [Abstract]

NOTE 5 - NOTES PAYABLE

NOTE 5 – NOTES PAYABLE

Promissory Notes

During the six months ended October 31, 2016, unrelated parties advanced funds in the amount of $19,137 to fund operations and provide working capital. Unpaid balances are due on demand and accrue an annual interest rate of 5%. During the year ended April 30, 2016, the Company acknowledged and agreed to issue the convertible note of $51,221 for payment of principal on the Promissory note of $51,221 (note 6).

As of October 31, 2016 and April 30, 2016, the promissory notes totaled $33,848 and $14,711, respectively.

During the six months ended October 31, 2016 and 2015, the interest expense was $439 and $837, respectively. As of October 31, 2016 and April 30, 2016, accrued interest was $2,122 and $1,683, respectively.

Note Payable

The Company had the following note payable outstanding as of October 31, 2016 and April 30, 2016:

		October 31,		April 30,
		2016		2016
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	$	250,000
Total note payable		250,000		250,000
Less current portion of note payable		250,000		250,000
Long-term portion of note payable	$	-	$	-

On April 30, 2017, the Warwick Overseas, LLC, agreed to extend the note for an additional one year term to April 30, 2018.

During the six months ended October 31, 2016 and 2015, interest expense was $6,302 and $6,302, respectively. As of October 31, 2016 and April 30, 2016, accrued interest is $18,837 and $12,534, respectively.