RELATED PARTY TRANSACTIONS

12 Months Ended

Jul. 31, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

Accounts Payable

During the year ended July 31, 2016 and 2015 an officer and director of the company invoiced the Company $15,500 and $37,250, respectively, for labor costs in the performance of servicing contracts with a related party company and additional corporate administrative work. For the years ended July 31, 2016 and 2015, the Company repaid $33,250 and $19,500, respectively, to this related party. As at July 31, 2016 and 2015, the Company was obligated to this individual for amounts payable of $0 and $ $17,750, respectively.

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 year ended July 31, 2016, net repayments under the line of credit to the Company were made in the amount of $2,399. As of July 31, 2016 the Company was obligated, for this interest bearing loan with a balance of $56,084 and accrued interest of $277. During the year ended July 31, 2015, the Company borrowed $43,794 under the line of credit to the Company and repaid $3,811 the net advances to the Company was $39,983 for working capital requirements. As of July 31, 2015, the Company was obligated to the Company, for this interest bearing demand loan with a balance of $58,483, with  no accrued interest. 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 $18,639 as of July 31, 2016.  For the years ended July 31, 2016 and 2015, the Company paid $2,579 and $2,394, respectively, in interest on this note payable.

Reclassifications

During the years ended July 31, 2016 and July 31, 2015, revenues to related parties were recorded as $18,000 and $33,000, and accounts receivable with related parties of $5,000 and $13,000, respectively, in relation to the revenues earned. The amounts during the years ended July 31, 2016 and 2015, netting to $26,000 ($18,000 plus the $8,000 cash received in the current year to settle prior year accounts receivable) and $20,000, respectively, have been reclassified as contributed capital based on the Company’s evaluation of ASC 605 regarding the nature of the transactions. To conform to the presentation for July 31, 2016, we have reclassified amounts on the Balance Sheet, Statement of Operations, the Statement of Change in Stockholders Deficit, and statement of Cash flow for the year ended July 31, 2015.

Other

The controlling shareholders have pledged their support to fund continuing operations during an early 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.