XML 21 R11.htm IDEA: XBRL DOCUMENT v3.6.0.2
Loan to Related Parties
6 Months Ended
Jan. 31, 2017
Summary of Investments, Other than Investments in Related Parties [Abstract]  
Loan to Related Party

Note 5 - Loan to Related Party

 

HDS received substantially all of its funding from a shareholder, who owned 98.9% of the Company as of December 31, 2016. The loan is unsecured, matures on December 31, 2019 and accrues interest at 0.75% per annum, increased from 0.21% for the 2015 calendar year. As of January 31, 2017, the outstanding balance was $13,307,837.

 

The Company also owes $656,153 to two shareholders and $83,554 to another related party. These amount are both unsecured and non-interest bearing with no fixed terms of repayment.