Note 7 - Convertible Notes Payables

9 Months Ended

Nov. 30, 2018

Notes to Financial Statements

Convertible Notes Payable [Text Block]

Note

7

- Convertible notes payables

A Note Payable having a Face Value of

$50,000

at

November 30, 2018

and accruing interest at

10%

is due

February 8, 2019.

The note is convertible anytime from the date of issuance into

$0.0001

par value Common Stock at

$2.50

per share.

A Note Payable having a Face Value of

$50,000

at

November 30, 2018

and accruing interest at

10%

is due

February 23, 2019.

The note is convertible anytime from the date of issuance into

$0.0001

par value Common Stock at

$2.00

per share.

A Note Payable having a Face Value of

$100,000

at

November 30, 2018

and accruing interest at

10%

is due

March 28, 2019.

The note is convertible anytime from the date of issuance into

$0.0001

par value Common Stock at

$1.00

per share.

A Note Payable having a Face Value of

$50,000

at

November 30, 2018

and accruing interest at

10%

is due

May 3, 2019.

The note is convertible anytime from the date of issuance into

$0.0001

par value Common Stock at

$2.50

per share.

A Note Payable having a Face Value of

$50,000

at

November 30, 2018

and accruing interest at

10%

is due

May 18, 2019.

The note is convertible anytime from the date of issuance into

$0.0001

par value Common Stock at

$2.50

per share.

A Note Payable having a Face Value of

$70,000

at

November 30, 2018

and accruing interest at

10%

is due

May 18, 2019.

The note is convertible anytime from the date of issuance into

$0.0001

par value Common Stock at

$2.50

per share.

We estimate that the fair value of these convertible debt approximates the face value, so

no

value has been assigned to the beneficial conversion feature. Any gain or loss will be recognized at conversion.