XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 - Related Party Transactions
6 Months Ended
Apr. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 3 - Related Party Transactions

The Company has multiple related party transactions. These related party transactions include accrued rent, accrued compensation and officer and shareholder payable. These accounts are provided for working capital purposes, and are unsecured, non-interest bearing, and have no specific terms of repayment.

For the period ending October 31, 2013, the Company has increased the balance of accrued rent by $24,000, increased accrued compensation by $384,000, decreased officer and shareholder payable by $37,578 and increased receivables from affiliates by $33,500.

The net balance of these related party transactions on October 31, 2013 was $2,066,702.

For the period ending January 31, 2014, the Company has increased the balance of accrued rent by $18,000, increased accrued compensation by $51,000, decreased officer and shareholder payable by $36,699 and decreased receivables from related entity by $25,804.

For the period ending April 30, 2014, the Company has increased the balance of accrued rent by $20,000, increased accrued compensation by $124,500, decreased officer and shareholder payable by $44,466 and decreased receivables from related entity by $25,804 since the year ended October 31, 2013.

The net balance of these related party transactions on April 30, 2014 was $2,192,540.