RELATED PARTY TRANSACTIONS

3 Months Ended

Feb. 28, 2021

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 5 – RELATED PARTY TRANSACTIONS

Consulting Agreement

On June 1, 2020, the Company entered into a consulting agreement with Accelerated Online Inc. (“Accelerated Online”, the “2020 Accelerated Online Agreement”), an entity wholly-owned by David Lelong.  Pursuant to the 2020 Accelerated Online Agreement, Accelerated Online provided executive management and business development services to the Company for a fee of $15,000 per month. 

On January 4, 2021, the Company entered into a new agreement for professional services with Accelerated Online (the “2021 Accelerated Online Agreement”), which replaced the 2020 Accelerated Online Agreement. Pursuant to the 2021 Accelerated Online Agreement, Accelerated Online provides executive management and business development services to the Company for a fee of $7,500 per month, with interest payable at the rate of 1.5% per month on any unpaid balance. During the three months ended February 28, 2021, the Company paid the amount of $15,000 in full satisfaction of the 2020 Accelerated Online Agreement.  Also during the three months ended February 28, 2021, the Company charged to operations the amount of $15,000 for consulting fees and $113 for accrued interest pursuant to the 2021 Accelerated Online Agreement; these amounts are recorded as due to related party on the Company’s balance sheet at February 28, 2021.