Quarterly report pursuant to Section 13 or 15(d)

NOTE PAYABLE

v3.7.0.1
NOTE PAYABLE
6 Months Ended
Feb. 28, 2017
Debt Disclosure [Abstract]  
NOTE PAYABLE

NOTE 5 – NOTE PAYABLE

 

On November 18, 2016, the Company issued a Promissory Note of $30,000. The note bears interest at a rate of 10% per annum and is due on November 18, 2017. The Company also recognized financing cost of $600 as debt discount.

 

During the six months ended February 28, 2017, the Company recorded interest expense of $847 and amortization expense related to financing cost of $169.