Related Party Transactions | NOTE 6 - Related Party Transactions On March 25, 2014, the Company entered into a definitive agreement with Mr. Manuel Graiwer and executed a ninety-day promissory note relating to a loan in the amount of $60,000 at 6% interest per annum. The due date of this was extended to June 30, 2015. This individual became a director of the company and an affiliate on April 30, 2014. As a consideration of the loan, Greenplex issued a three years stock purchase warrant to purchase 550,000 shares of restricted common stock at $0.009 per share. The Company valued these warrants issued at $2,100 on the date of grant using the Black-Scholes Option Pricing Model, and recorded the fair value of warrants of $2,100 as additional paid-in capital. Accounting and Tax Services Certain accounting and tax services are performed by accounting firm Murray & Josephson, CPAs, LLC, that is owned by Marty Murray, a former officer and director of the Company. As of August 31, 2015 and November 30, 2014, the Company owes this accounting firm $29,438 and $16,934, respectively, which is included with accounts payable and accrued expenses, and $12,504 was included in the Company’s expenses for the nine months ended August 31, 2015. Consulting Services Key Financial Services, Inc., an entity that is owned by a 5% shareholder of the Company provides consulting services to the Company. As of August 31, 2015 and November 30, 2014, the Company owes this firm $5,250 and has a credit of $10,750, respectively, which is included with accounts payable and accrued expenses. $24,000 and $0 were included in the expenses for the nine months ended August 31, 2015 and 2014, respectively. Compensation of officers Included in the financial statements, accounts payable and accrued expenses is $45,000 for the unpaid salaries at August 31, 2015. At August 31, 2015 and November 30, 2014, Greenplex had accounts receivable for services to 5% related parties in aggregate of $0 and $3,601, respectively. |