RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

Accounts Payable

During the nine months ended April 30, 2016 an officer and director of the company invoiced the Company $10,500 for labor costs in the performance of servicing contracts with a related party company and additional corporate administrative work. For the nine months ended April 30, 2016, the Company repaid $17,000 to this related party. As of April 30, 2016, the Company was obligated to this individual for amounts payable of $11,250 and plans to pay the amount as cash flows become available.

Note Payable

On July 15, 2014, a corporation controlled by an officer and director committed $75,000 Promissory Note in the form of a line of credit.  Any unpaid balance was due December 31, 2015, and was extended to December 31, 2016, at an annual interest rate of 5% and may be prepaid without penalty. The Company concluded the note modification was not a significant change and is not treating it as an extinguishment.  During the nine months ended April 30, 2016, net repayments under the line of credit to the Company were made in the amount of $2,399. As of April 30, 2016 the Company was obligated to the Company, for this interest bearing loan with a balance of $56,084 and  accrued interest of $114. The Company plans to pay the loan and interest back as cash flows become available.  The remaining balance available under the line of credit is $18,802 as of April 30, 2016.  For the nine months ended April 30, 2016, the Company paid $2,034 in interest on this note payable.

Revenue and Accounts Receivable

During the nine months ended April 30, 2016, related corporations were responsible for 100% of our revenue and accounts receivable. As of April 30, 2016 and July 31, 2015 accounts receivable from related parties was $15,500 and $13,000, respectively.

Other

The controlling shareholders have pledged their support to fund continuing operations during the development stage; however there is no written commitment to this effect.  The Company is dependent upon the continued support.

The officers and directors of the Company may be involved in other business activities and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use at no charge.

The Company does not have employment contracts with its key employees, the controlling shareholders, who are officers and directors of the Company.