RELATED PARTY TRANSACTIONS
|6 Months Ended|
Feb. 28, 2017
|Related Party Transactions [Abstract]|
|RELATED PARTY TRANSACTIONS||
NOTE 4 - RELATED PARTY TRANSACTIONS
During the six months ended February 28, 2017, the former President, who is currently the Senior Vice President of European Operations, advanced the Company cash of $100. As of February 28, 2017, the amount owed to the individual for advances was $100. The advance is non-interest bearing, and has no terms of repayment.
During the six months ended February 28, 2017, the Company borrowed an additional $12,406 from the previous majority shareholder; the amount borrowed was non-interest bearing and due on-demand loan. On November 18, 2016, the loan with the previous majority shareholder was forgiven for the total loan amount of $16,856.
On November 18, 2016, the previous majority shareholder sold all of the 6,000,000 shares that they held to the current President of the Company in a private transaction.
The Company does not own or lease property or lease office space.
The amounts and terms of the above transactions may not necessarily be indicative of the amounts and terms that would have been incurred had comparable transactions been entered into with independent third parties.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef