| NOTES PAYABLE |
Notes payable consisted of the following at May 31, 2014:
| Date of Note |
|
Note Amount |
|
|
Interest Rate |
|
|
Maturity Date |
|
Collateral |
|
Interest Accrued |
|
| June 12, 2013 |
|
$ |
6,250 |
|
|
|
8 |
% |
|
June 12, 2014 |
|
None |
|
$ |
484 |
|
| June 18, 2013 |
|
$ |
50,000 |
|
|
|
8 |
% |
|
June 18, 2014 |
|
None |
|
$ |
7,803 |
|
| August 19, 2013 |
|
$ |
25,000 |
|
|
|
8 |
% |
|
August 19, 2014 |
|
None |
|
$ |
1,561 |
|
| August 22, 2013 |
|
$ |
55,000 |
|
|
|
8 |
% |
|
August 22, 2014 |
|
None |
|
$ |
7,799 |
|
| November 1, 2013 |
|
$ |
25,000 |
|
|
|
8 |
% |
|
November 1, 2014 |
|
None |
|
$ |
3,157 |
|
| February 5, 2014 |
|
$ |
15,000 |
|
|
|
8 |
% |
|
February 5, 2015 |
|
None |
|
$ |
1,578 |
|
| February 22, 2014 |
|
$ |
30,000 |
|
|
|
8 |
% |
|
February 22, 2015 |
|
None |
|
$ |
3,044 |
|
| March 10, 2014 |
|
$ |
12,000 |
|
|
|
8 |
% |
|
March 10, 2015 |
|
None |
|
$ |
216 |
|
| April 17, 2014 |
|
$ |
7,500 |
|
|
|
8 |
% |
|
April 17, 2015 |
|
None |
|
$ |
672 |
|
| Total |
|
$ |
225,750 |
|
|
|
|
|
|
|
|
|
|
$ |
26,314 |
|
|