RELATED PARTY TRANSACTIONS

12 Months Ended

Aug. 31, 2020

RELATED PARTY TRANSACTIONS

Note 5 - RELATED PARTY TRANSACTIONS

The Company does not own any real property. In February 2020, the Company entered into a lease agreement with a related party for $163 per month, for an eleven-month term. Three parties related to the Company have signed storage service contracts for $136 per month each. The Company has adopted ASC 842, Leases, on September 1, 2019 and elected to follow practical expedient for short term leases, which allows to not recognize lease liability and right of use asset on leases shorter than 12 months.

The Company has received $15,170 from related party (Note 6).