RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Aug. 31, 2022 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | Note 5 – RELATED PARTY TRANSACTIONS
In support of the Company’s efforts and cash requirements, it may rely on advances from its sole executive until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officer, director, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.
As of August 31, 2022 & February 28, 2022, our sole director has loaned to the Company $6,379 and $6,240 respectively. This loan is unsecured, non-interest bearing and due on demand.
Further, to the above transaction, there is a consideration payable for the quarter ended August 31, 2022 within Accounts Payable of $1,500 to sole executive Mr. Gagi Gogolashvili as per consulting agreement made by and between Intorio, Corp. ("Company"), and Gagi Gogolashvili ("Consultant") effective from February 01, 2021.
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