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Note 3 - Related Party Transactions
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9 Months Ended |
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Feb. 28, 2014
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| Related Party Transactions [Abstract] | |
| Related Party Transactions Disclosure [Text Block] |
Note 3 – Related Party Transactions
On April 19, 2011, the Company’s CEO, Larry Adelt provided an advance of $100 in cash, which was recorded as a current liability as of May 31, 2011. The advance was non-interest bearing and due on demand.
On May 31, 2011, the Company issued 18,000,000 founder’s shares of common stock at the par value of $0.001 to the Company’s CEO, Larry Adelt in exchange for proceeds of $18,000.
BK Consulting
Notes Payable
During the year ended May 31, 2012 the Company received a loan in the amount of $50, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
During the year ended May 31, 2013 the Company received loans in the amount of $161, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On June 3, 2013, the Company received a loan in the amount of $15, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On July 1, 2013, the Company received a loan in the amount of $15, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On July 11, 2013, the Company received a loan in the amount of $3,350, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On July 31, 2013, the Company received a loan in the amount of $886, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On August 1, 2013, the Company received a loan in the amount of $14, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On August 2, 2013, the Company received a loan in the amount of $1, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On August 31, 2013, the Company received a loan in the amount of $377, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On August 31, 2013, the Company received a loan in the amount of $326, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
On September 3, 2013, the Company received a loan in the amount of $15, from BK Consulting and Associates, P.C. The unsecured note bears interest at 8% and is due on demand.
As of February 28, 2014 and May 31, 2013 the Company had accrued interest related to these notes in the amount of $266 and $11.
Convertible Notes Payable
On October 1, 2013 the Company received an unsecured convertible note payable in the amount of $15, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On October 14, 2013 the Company received an unsecured convertible note payable in the amount of $1,250, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On October 31, 2013 the Company received an unsecured convertible note payable in the amount of $1,950 non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On November 1, 2013 the Company received an unsecured convertible note payable in the amount of of $25, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On December 2, 2013 the Company received an unsecured convertible note payable in the amount of $5, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On January 3, 2014 the Company received an unsecured convertible note payable in the amount of $15, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On January 7, 2014 the Company received an unsecured convertible note payable in the amount of $1,250, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On February 3, 2014 the Company received an unsecured convertible note payable in the amount of $1,950, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
On February 3, 2014 the Company received an unsecured convertible note payable in the amount of $15, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from BK Consulting, to fund operations.
As of February 28, 2014 and May 31, 2013 the balance of the convertible debt was $6,475 and $0. The Company recorded imputed interest in the amount of $115 and $0 during the nine months ended February 28, 2014 and 2013 at a rate of 8% on the outstanding convertible notes.
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