v3.25.1
NOTES PAYABLE
 3 Months Ended
Apr. 30, 2025
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

 

On October 28, 2024, the Company issued a secured promissory note for $25,000 to Feehan Partners, LP (“Feehan”), a company controlled by Robert Scannell, the Company’s chief financial officer and director. The note accrues interest at 10% and is due on October 28, 2025.

 

On November 4, 2024, the Company issued a secured promissory note for $25,000 to Feehan. The note accrues interest at 10% and is due on November 4, 2025.

 

On November 20, 2024, the Company issued a secured promissory note for $25,000 to Feehan. The note accrues interest at 10% and is due on November 20, 2025.

 

On December 3, 2024, the Company issued a secured promissory note for $25,000 to Feehan. The note accrues interest at 10% and is due on December 3, 2025.

 

On April 15, 2025, the Company issued a secured promissory note for $25,000 to Feehan. The note accrues interest at 10% and is due on April 15, 2026.

 

 

As of April 30, the Company’s outstanding notes payable are as follows:

 

   Issue   Maturity       Accrued 
Lender  Date   Date   Amount   Interest 
Feehan Partners   10/28/24    10/28/25   $25,000   $1,267 
Feehan Partners   11/4/24    11/4/25   $25,000   $1,212 
Feehan Partners   11/20/24    11/20/25   $25,000   $1,110 
Feehan Partners   12/3/24    12/3/25   $25,000   $1,020 
Feehan Partners   4/15/25    4/15/26   $25,000   $110 
Total            $125,000   $4,719 

 

Note: Feehan Partners is a related party. See Note 6.

 

The future payments are as follows:

 

Fiscal Year    
2026  $100,000 
2027  $25,000 
2028  $- 
2029  $- 
2030  $- 
Thereafter  $- 
Total  $125,000