Due To Shareholder

3 Months Ended

Apr. 30, 2016

Related Party Transactions [Abstract]

Due To Shareholder

DUE TO SHAREHOLDER

In April 2012, the Company executed the Credit Facility with its majority shareholder providing for the repayment of all costs in excess of $17,500 paid by the majority shareholder on behalf of the Company. The Credit Facility provides up to principal amount of $450,000, as amended on June 3, 2015, of financing to the Company for working capital purposes. Amounts outstanding under the Credit Facility accrue interest at an annual interest rate of 11% and mature in December 2018, as amended on June 3, 2015. Principal and interest outstanding under the credit facility totaled $393,768 and $385,514, including accrued interest of $93,611 and $85,357 as of April 30, 2016 and January 31, 2016, respectively.