| NOTES PAYABLE – RELATED PARTIES |
NOTE 4 – NOTES PAYABLE – RELATED PARTIES
Notes payable – related parties
consisted of the following:
| Schedule of notes payable – related parties | |
| |
|
| | |
August 31, 2026 | |
May 31, 2026 |
| | |
| |
|
| Note payable to Company law firm (and owner of 2,500 shares of common stock since August 16, 2018), non-interest bearing, due on demand, unsecured | |
$ | – | | |
$ | – | |
| Notes payable to The OZ Corporation (owner of 2,500 shares of common stock since August 16, 2018), non-interest bearing, due on demand, unsecured | |
| – | | |
| – | |
| Note payable to the Chief Executive Officer, non-interest bearing, due on demand, unsecured | |
| – | | |
| – | |
| Note payable to the wife of the Chief Executive Officer as part of the 25% acquisition of Simply Whim, interest at 12%, due on September 20, 2023, unsecured (See Note 10) | |
| 2,362,500 | | |
| 2,362,500 | |
| Note payable to the mother of the Chief Executive Officer, interest at 12%, due on demand, unsecured (converted from accrued consulting fees, See Note 3) | |
| 131,300 | | |
| 131,300 | |
| Note payable to the owner-member of Stand-by Golf, interest at 5%, due on June 9, 2026 | |
| – | | |
| 25,000 | |
| Total Notes Payable | |
| 2,493,800 | | |
| 2,518,800 | |
| Less: Current Portion | |
| (2,493,800 | ) | |
| (2,518,800 | ) |
| Long-Term Notes Payable | |
$ | – | | |
$ | – | |
|