RELATED PARTY TRANSACTIONS

6 Months Ended

Feb. 29, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

Since July 29, 2013 (inception) through August 31, 2015, the Company’s previous sole director loaned the Company $22,406 to pay for incorporation costs and operating expenses. The loan was non-interest bearing, due upon demand and unsecured.

 

During the period ended February 29, 2016, this director advanced another $300 to the Company for operating expenses and the Company’s computer was distributed to this director for a value $563. On January 15, 2016, the $22,706 balance of the loan was forgiven by this director and was recorded as additional paid-in capital. As at February 29, 2016 and August 31, 2015, the Company owed $0 and $22,406 to this director, respectively.