NOTE 4 - RELATED PARTY TRANSACTIONS

Note Payable

On July 15, 2014, a corporation controlled by an officer and director committed $75,000 Promissory Note in the form of an unsecured line of credit. Any unpaid balance was due December 31, 2015, and was extended to December 31, 2018, at an annual interest rate of 5% and may be prepaid without penalty. The Company concluded the note modification was not a significant change and is not treating it as an extinguishment. During the nine months ended April 30, 2018 and 2017, the Company borrowed $5,000 and $0 and net repayments under the line of credit to the Company were made in the amount of $0 and $17,483, respectively. As of April 30, 2018, the Company was obligated, for this interest bearing loan with a balance of $43,601 and accrued interest of $2,139. As of July 31, 2017, the Company was obligated, for this interest-bearing loan with a balance of $38,601 and accrued interest of $642. The Company plans to pay the loan and interest back as cash flows become available. The remaining balance available under the line of credit is $31,399 as of April 30, 2018. For the periods ended April 30, 2018 and 2017, the Company paid $0 and $2,083, respectively, in interest on this note payable.

Other