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Notes Payable - Related Party Disclosure
9 Months Ended
Aug. 31, 2015
Notes  
Notes Payable - Related Party Disclosure

NOTE 3 - NOTES PAYABLE - RELATED PARTY

 

On November 7, 2013, the Company executed a promissory note with a related party for $20,000.  The unsecured note bears interest at 6% per annum with principal and interest due on November 7, 2015.  During the year ended November 30, 2014, this promissory note was reclassified to current portion of long term debt - related party.

 

On December 5, 2013, the Company executed a promissory note with a related party for $10,000.  The unsecured note bears interest at 6% per annum with principal and interest due on December 5, 2015. During the nine months ended August 31, 2015, this promissory note was reclassified to current portion of long term debt - related party.

 

On January 30, 2014, the Company executed a promissory note with a related party for $20,000.  The unsecured note bears interest at 6% per annum with principal and interest due on January 30, 2016.  During the nine months ended August 31, 2015, this promissory note was reclassified to current portion of long term debt - related party.

 

On March 3, 2014, the Company executed a promissory note with a related party for $10,000.  The unsecured note bears interest at 6% per annum with principal and interest due on March 3, 2016.  During the nine months ended August 31, 2015, this promissory note was reclassified to current portion of long term debt - related party.

 

On March 25, 2014, the Company executed a promissory note with a related party for $10,000.  The unsecured note bears interest at 6% per annum with principal and interest due on March 25, 2016.  During the nine months ended August 31, 2015, this promissory note was reclassified to current portion of long term debt - related party.

 

On April 3, 2014, the Company executed a promissory note with a related party for $15,000.  The unsecured note bears interest at 6% per annum with principal and interest due on April 3, 2016. During the nine months ended August 31, 2015, this promissory note was reclassified to current portion of long term debt - related party.

 

On July 25, 2014, the Company executed a promissory note with a related party for $15,000.  The unsecured note bears interest at 6% per annum with principal and interest due on July 25, 2016.  During the nine months ended August 31, 2015, this promissory note was reclassified to current portion of long term debt - related party.

 

On February 27, 2015, the Company executed a promissory note with a related party for $5,000.  The unsecured note bears interest at 6% per annum with principal and interest due on February 27, 2017.

 

On April 1, 2015, the Company executed a promissory note with a related party for $8,000.  The unsecured note bears interest at 6% per annum with principal and interest due on April 1, 2017.

 

On May 19, 2015, the Company executed a promissory note with a related party for $5,000.  The unsecured note bears interest at 6% per annum with principal and interest due on May 19, 2017.

 

On June 4, 2015, the Company executed a promissory note with a related party for $5,000.  The unsecured note bears interest at 6% per annum with principal and interest due on June 4, 2017.

 

On August 4, 2015, the Company executed a promissory note with a related party for $10,000.  The unsecured note bears interest at 6% per annum with principal and interest due on August 4, 2017.

 

Interest expense for the nine months ended August 31, 2015 was $5,268.