XML 33 R11.htm IDEA: XBRL DOCUMENT

6. Related Party Transactions	6 Months Ended
Oct. 31, 2014
Related Party Transactions [Abstract]
6. Related Party Transactions	As of April 30, 2013, the Company owed a shareholder and officer $101 which was repaid during the year ended April 30, 2014. During the three months ended July 31, 2014 and the year ended April 30, 2014, the Company advanced $371,350 and $346,050, respectively, to STVU for working capital purposes of STVU. As of July 31, 2014, due to the merger with STVU, the amounts are eliminated in consolidation. During the six months ended October 31, 2014, the Company advanced $195,877 to Cannoco PLC, a U.K corporation for its services and expenses related to possible future acquisitions. Philippe Germain, the Company’s Chairman and director, is the sole shareholder of Cannoco PLC.

6. Related Party Transactions

6 Months Ended

Oct. 31, 2014

As of April 30, 2013, the Company owed a shareholder and officer $101 which was repaid during the year ended April 30, 2014.

During the three months ended July 31, 2014 and the year ended April 30, 2014, the Company advanced $371,350 and $346,050, respectively, to STVU for working capital purposes of STVU. As of July 31, 2014, due to the merger with STVU, the amounts are eliminated in consolidation.

During the six months ended October 31, 2014, the Company advanced $195,877 to Cannoco PLC, a U.K corporation for its services and expenses related to possible future acquisitions. Philippe Germain, the Company’s Chairman and director, is the sole shareholder of Cannoco PLC.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details