Schedule of Notes Payable | Notes payable consist of the following: May 31, 2016 May 31, 2015 a) Notes payable that are unsecured, non-guaranteed, non-interest bearing and due on demand. $ 5,528 $ 3,732 b) Note payable which is unsecured, non-guaranteed, and non-interest bearing. The note is due one year following the borrowing date. 8,000 8,000 c) Note payable which is unsecured, non-guaranteed, and bears interest at 10% per annum. The note is due 60 days following demand. At May 31, 2016, and 2015, the Company owed accrued interest of $6,274 and $4,268, respectively. 20,000 20,000 d) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due one year following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $27,848 and $13,164, respectively. 170,000 * 170,000 * e) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due one year following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $364 and $152, respectively. 2,500 2,500 f) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due one year following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $1,465 and $250, respectively. 15,000 15,000 g) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due three months following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $nil and $137, respectively. 19,000 h) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due six months following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $5 and $nil, respectively 1,229 i) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due one year following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $987 and $nil, respectively. 20,000 j) Note payable which is unsecured, non-guaranteed, and bears interest at 8% per annum. The note is due six months following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $527 and $nil, respectively. 12,000 k) Note payable which is unsecured, non-guaranteed, and bears interest at 10% per annum. The note is due six months following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $176 and $nil, respectively. 4,700 l) Note payable which is unsecured, non-guaranteed, and bears interest at 10% per annum. The note is due six months following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $33 and $nil, respectively. 1,000 m) Note payable which is unsecured, non-guaranteed, and bears interest at 10% per annum. The note is due six months following the borrowing date. At May 31, 2016, and 2015, the Company owed accrued interest of $36 and $nil, respectively. 1,200 $ 261,157 $ 238,232 * On May 9, 2014, the Company entered into a Master Loan Agreement (the Loan Agreement), whereby the lender agreed, from time to time, to purchase from the Company one or more Promissory Notes for the account of the Company, provided, however, that the aggregate principal amount of all Promissory Notes then outstanding shall not exceed $500,000 and that no Event of Default has occurred and remains uncured. Amounts borrowed under the Loan Agreement are evidenced by an unsecured, non-recourse Promissory Note, bearing interest at a rate of 8% per annum, maturing on the first anniversary date thereof, and may be prepaid by the Company before the maturity date. Amounts borrowed under the Loan Agreement and repaid or prepaid may not be re-borrowed. The Loan Agreement will automatically terminate and be of no further force and effect upon the earlier to occur of (i) the satisfaction of all indebtedness, including the promissory notes and any additional indebtedness issued thereafter, between the Company and the lender and (ii) written termination notice is delivered by the Company or the lender to the other party. Two notes matured in May 2015 and were not repaid. Therefore, under the default terms of the Loan Agreement, all remaining promissory notes immediately become due and payable. |