Drone Guarder, Inc. - 10-Q filing on 2017-03-10

INVESTMENT IN INTELLECTUAL PROPERTY	9 Months Ended
Oct. 31, 2016
Notes to Financial Statements
INVESTMENT IN INTELLECTUAL PROPERTY	NOTE 3 – INVESTMENT IN INTELLECTUAL PROPERTY On July 4, 2014, the Company entered into a contribution agreement with Gimwork Project LP for the acquisition of assets and the assumption of liabilities associated with search technology software and online platforms. In consideration, the Company issued to Gimwork Project LP 100,000 shares of common stock with a deemed value of $10,000. During the year ended January 31, 2016, the Company has recorded an impairment of the investment in intellectual property in the amount of $ 10,000.

INVESTMENT IN INTELLECTUAL PROPERTY

9 Months Ended

Oct. 31, 2016

NOTE 3 – INVESTMENT IN INTELLECTUAL PROPERTY

On July 4, 2014, the Company entered into a contribution agreement with Gimwork Project LP for the acquisition of assets and the assumption of liabilities associated with search technology software and online platforms. In consideration, the Company issued to Gimwork Project LP 100,000 shares of common stock with a deemed value of $10,000. During the year ended January 31, 2016, the Company has recorded an impairment of the investment in intellectual property in the amount of $ 10,000.