| NOTES PAYABLE |
Notes payable consisted of the following at
August 31, 2016:
| Date of Note |
|
Note Amount |
|
|
Interest Rate |
|
|
Maturity Date |
|
Collateral |
|
Interest Accrued |
|
| February 5, 2013 |
|
$ |
15,000 |
|
|
|
8 |
% |
|
February 5, 2015 (default) |
|
None |
|
$ |
4,284 |
|
| February 22, 2013 |
|
$ |
30,000 |
|
|
|
8 |
% |
|
February 22, 2015 (default) |
|
None |
|
$ |
8,456 |
|
| April 17, 2013 |
|
$ |
7,500 |
|
|
|
8 |
% |
|
April 17, 2015 (default) |
|
None |
|
$ |
2,025 |
|
| June 12, 2013 |
|
$ |
6,250 |
|
|
|
8 |
% |
|
June 12, 2015 (default) |
|
None |
|
$ |
1,611 |
|
| June 18, 2013 |
|
$ |
50,000 |
|
|
|
8 |
% |
|
June 18, 2015 (default) |
|
None |
|
$ |
16,822 |
|
| August 22, 2013 |
|
$ |
55,000 |
|
|
|
8 |
% |
|
August 22, 2015 (default) |
|
None |
|
$ |
17,720 |
|
| November 1, 2013 |
|
$ |
25,000 |
|
|
|
8 |
% |
|
November 1, 2015 (default) |
|
None |
|
$ |
7,666 |
|
| March 10, 2014 |
|
$ |
12,000 |
|
|
|
8 |
% |
|
March 10, 2015 (default) |
|
None |
|
$ |
2,380 |
|
| October 15, 2015 |
|
$ |
7,000 |
|
|
|
8 |
% |
|
June 15, 2016 (default) |
|
None |
|
$ |
492 |
|
| February 3, 2016 |
|
$ |
4,000 |
|
|
|
8 |
% |
|
February 3, 2017 |
|
None |
|
$ |
185 |
|
| April 6, 2016 |
|
$ |
25,000 |
|
|
|
8 |
% |
|
April 16, 2017 |
|
None |
|
$ |
805 |
|
| Total |
|
$ |
236,750 |
|
|
|
|
|
|
|
|
|
|
$ |
62,446 |
|
|