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Note 2 - Related Party Transactions
 9 Months Ended
Nov. 30, 2016
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
2
– Related Party Transactions
 
At
November
30,
2016,
the Company had notes payable to Washington Capital Advisors LLC, a company controlled by our Chairman, totaling
$27,500.
The notes are made for working capital purposes, bear interest at
1.5%
per annum, are unsecured, and are due on demand.
 
One hundred percent
(
100
%)
of the Company’s revenue comes from the management of
two
properties under management services contracts. These properties are owned in part by our Chairman and the acting Chief Executive Officer, President and Chief Financial Officer of the Company.
 
The Company sublets an approximate
250
square foot office space from Washington Capital Advisors LLC. in Marshall, Virginia, which serves as its principal executive offices. The sublease is on a month - to - month basis for
$350
per month. Rent expense related to its office space was
$1,050
for the
three
month periods ended
November
30,
2016
and
November
30,
2015,
respectively and
$3,150
for the
nine
month periods ended
November
30,
2016
and
November
30,
2015,
respectively.