PROMISSORY NOTE PAYABLE

9 Months Ended

Jul. 31, 2018

Debt Disclosure [Abstract]

PROMISSORY NOTE PAYABLE

Note 7

PROMISSORY NOTE PAYABLE

On May 31, 2016, the Company issued a Convertible Promissory Note in the principal amount of $16,605 to Peak Marine Holdings LLC, a Florida limited liability company (“Peak”). This Convertible Promissory Note (the “Note”) was issued in consideration of advances and loans made by Peak to the Company.

Pursuant to the terms of the Note, the holder has the right to convert any portion of the principal amount thereof at the par value of the Company’s common stock. The holder also has the right to assign any portion of the Note, or assign the shares to be issued upon any conversion of the Notes, to other parties. During the month of December 2016, Peak sold all its interest in the Note to five (5) independent third parties (the “Holders”).

During the month of January 2017, the Holders provided notices of election to convert a total of $15,000 of the

Note into shares, which totaled 15,000,000 shares of common stock. The remaining balance on the Note is $1,605.

To date the Company has recorded $373 in accrued interest payable on the Note.