DUE TO RELATED PARTY |
3 Months Ended |
|---|---|
Apr. 30, 2026 | |
| DUE TO RELATED PARTY | |
| DUE TO RELATED PARTY | NOTE 5 – DUE TO RELATED PARTY
On September 15, 2023, the Company issued a 1% Convertible Promissory Note in the amount of $296,498 (the “Note”) to RMR Management Group LLC (“RMR”) in exchange for full and final settlement of an aggregate amount of $296,498 previously loaned by RMR to the Company, $121,600 was reclassified as Notes Payable January 29, 2026. The Note is convertible at the RMR’s option into shares of common stock of the Company at a per share conversion price of $0.01. As of April 30, 2026, $4,302 in interest has been accrued. RMR is a company owned and controlled by the Company’s CEO.
On May 1, 2024, the Company issued a Promissory Note in the amount of $24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2026. As of April 30, 2026 $22,563 in payments have been made and $4,099 in interest has been accrued for a total balance of $6,205.
Total Due to related parties consists of the total amount owed to the Company’s CEO of $177,004 and $177,004 with accrued interest of $8,401 and $7,923, at April 30, 2026 and January 31, 2026 respectively. |