0001161697-16-000657.txt : 20160202 0001161697-16-000657.hdr.sgml : 20160202 20160201174905 ACCESSION NUMBER: 0001161697-16-000657 CONFORMED SUBMISSION TYPE: S-1 PUBLIC DOCUMENT COUNT: 64 FILED AS OF DATE: 20160202 DATE AS OF CHANGE: 20160201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARISTOCRAT GROUP CORP. CENTRAL INDEX KEY: 0001527027 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 452801371 STATE OF INCORPORATION: FL FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: S-1 SEC ACT: 1933 Act SEC FILE NUMBER: 333-209326 FILM NUMBER: 161378540 BUSINESS ADDRESS: STREET 1: 6671 SOUTH LAS VEGAS BOULEVARD STREET 2: SUITE 210 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: (850) 269-7208 MAIL ADDRESS: STREET 1: 6671 SOUTH LAS VEGAS BOULEVARD STREET 2: SUITE 210 CITY: LAS VEGAS STATE: NV ZIP: 89119 S-1 1 s-1.htm FORM S-1

As filed with the Securities and Exchange Commission on February 1, 2016


Registration No. ______


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-1

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


ARISTOCRAT GROUP CORP.

(Exact name of registrant in its charter)


Nevada

5182

45-2801371

(State or other jurisdiction of

(Primary Standard Industrial

(I.R.S. Employer

incorporation or organization)

Classification Code Number)

Identification Number)


6671 South Las Vegas Boulevard, Suite 210

Las Vegas, Nevada 89119

(702)-761-6866

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)


Chris Less

Chief Executive Officer

6671 South Las Vegas Boulevard, Suite 210

Las Vegas, Nevada 89119

Telephone: (702)761-6866

Facsimile: (850) 269-6801

Email: chris@arisocratgroupcorp.com

(Name, address, including zip code, and telephone number, including area code, of agent for service)


Copies of communications to:

Robert L. Sonfield, Jr., Esq.

Sonfield & Sonfield

2500 Wilcrest Drive, Suite 300

Houston, Texas 77042

Telephone: (713)877-8333

Facsimile: (713)877-1547

Email: robert@sonfield.com


Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. x


If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨


If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨


If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer

¨

Accelerated filer

¨

Non-accelerated filer

¨  (Do not check if a smaller reporting company)

Smaller reporting company

x




CALCULATION OF REGISTRATION FEE


 

 

 

 

Proposed

 

Proposed

 

 

 

 

 

 

Maximum

 

Maximum

 

Amount of

Title of Each Class of Securities

 

Amount to be

 

Offering Price

 

Aggregate

 

Registration

to be Registered

 

Registered (2)

 

Per Share (3)

 

Offering Price

 

Fee (3)

 

 

 

 

 

 

 

 

 

Common stock underlying convertible note(1)

 

590,000

 

$0.25

 

$147,500

 

$14.85


(1)

The registrant has issued a convertible promissory note in the amount of $269,815. The note has accrued interest in the amount of $26,168 as of January 20, 2016 for a total owing of $295,983. The principal and accrued interest note is convertible at a holder’s option at any time prior to maturity into approximately 29,600,000 shares of the registrant’s common stock at a price of $0.01 per share. This registration statement covers the number of shares issuable upon conversion of the promissory note equal to less that 30% of the outstanding shares held by nonaffiliated stockholders (“public float”).

 

 

(2)

Pursuant to Rule 416 under the Securities Act, this registration statement shall also cover any additional shares of common stock which become issuable by reason of any stock split, stock dividend, anti-dilution provisions or similar transaction effected without the receipt of consideration which results in an increase in the number of the outstanding shares of common stock of the registrant.

 

 

(3)

The offering price has been estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) under the Securities Act. The price per share and total offering price are based on the average of the high and low sales prices of the registrant’s common stock on January 20, 2016, as reported on the OTC Market Group, Inc.’s OTCQB tier.


The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the commission, acting pursuant to said section 8(a), may determine.


- ii -



The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.


PRELIMINARY PROSPECTUS

SUBJECT TO COMPLETION, DATED JANUARY __, 2016




590,000  Shares of Common Stock


ARISTOCRAT GROUP CORP.


This prospectus relates to the sale or other disposition from time to time of 590,000 shares of our common stock, par value $0.001 per share, by our stockholder. The shares of our common stock issuable upon conversion of convertible promissory note issued by the Company January 31, 2015 and convertible at $0.01 per share.


The selling stockholder may sell the shares of common stock described in this prospectus in a number of different ways and at varying prices. See “Plan of Distribution” for more information about how the selling stockholder may sell the shares of common stock being registered pursuant to this prospectus.


We will pay the expenses incurred in registering the shares, including legal and accounting fees. See “Plan of Distribution.


Our common stock is quoted on the OTC Market Group, Inc.’s OTCQB tier under the ASCC ticker symbol. On January 20, 2016, the closing price of our common stock was $0.2888 per share.


We qualify as an “emerging growth company” as defined in the Jumpstart our Business Startups Act of 2012, or JOBS Act. Please read the related disclosure contained on page 12 of this prospectus.


Investing in our common stock involves a high degree of risk. See “Risk Factors” beginning on page 1 to read about factors you should consider before investing in shares of our common stock.


NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.


The Date of this Prospectus is:  _____________, 2016





TABLE OF CONTENTS


PROSPECTUS SUMMARY

1

 

 

RISK FACTORS

2

 

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

9

 

 

USE OF PROCEEDS

10

 

 

DILUTION

10

 

 

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

10

 

 

DESCRIPTION OF BUSINESS

12

 

 

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

13

 

 

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

15

 

 

EXECUTIVE COMPENSATION

18

 

 

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

19

 

 

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

19

 

 

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

20

 

 

SELLING STOCKHOLDER

20

 

 

PLAN OF DISTRIBUTION

21

 

 

DESCRIPTION OF SECURITIES

24

 

 

INDEMNIFICATION FOR SECURITIES ACT LIABILITIES

25

 

 

LEGAL MATTERS

25

 

 

EXPERTS

26

 

 

INTERESTS OF NAMED EXPERTS AND COUNSEL

26

 

 

WHERE YOU CAN FIND MORE INFORMATION

26

 

 

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES

26

 

 

INDEX TO FINANCIAL STATEMENTS

F-1


You should rely only on the information contained in this prospectus. We have not, and the Selling Stockholder has not, authorized any person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. This prospectus is not an offer to sell, nor is the Selling Stockholder seeking an offer to buy, securities in any state where the offer or solicitation is not permitted. The information contained in this prospectus is complete and accurate as of the date on the front cover of this prospectus, but information may have changed since that date. We are responsible for updating this prospectus to ensure that all material information is included and we will update this prospectus to the extent required by law.


This prospectus includes statistical and other industry and market data that we obtained from industry publications and research, surveys and studies conducted by third parties. Industry publications and third-party research, surveys and studies generally indicate that their information has been obtained from sources believed to be reliable, although they do not guarantee the accuracy or completeness of such information. While we believe that these industry publications and third-party research, surveys and studies are reliable, we have not independently verified such data and we do not make any representation as to the accuracy of the information.




PROSPECTUS SUMMARY


This summary highlights selected information contained elsewhere in this prospectus. This summary does not contain all the information that you should consider before investing in the common stock of Aristocrat Group Corp. (referred to herein as the “Company,” “we,” “our,” and “us”). You should carefully read the entire prospectus, including “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the accompanying financial statements and notes before making an investment decision.


Company Overview


We were incorporated in Florida on July 20, 2011.


On April 1, 2015, the Company reincorporated from Florida to Nevada. The Company’s board of directors and majority shareholder consented to the reincorporation. Each of our shareholders on the record date received one share of the Nevada company’s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder will receive at least five shares. The Nevada company is authorized to issue 480 million shares of common stock and 20 million shares of preferred stock, each with a par value of $0.001 per share. The board of directors and officers of the Nevada company consist of the same persons who are currently directors and officers


On February 3, 2015, our board of directors adopted the 2015 Omnibus Equity Incentive Plan.


On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.


Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”).


Top Shelf has a wholesalers license in the State of Texas and currently markets and sells RWB Vodka. RWB Vodka is a potato-based gluten-free vodka, which is currently distributed in North America and sold by a growing number of retailers.


Our fiscal year end is July 31.


The Offering


Common Stock Offered

590,000 shares underlying convertible promissory note held by selling stockholder

 

 

Common stock outstanding

3,260,957 shares of common stock

 

 

Common stock to be outstanding immediately after the offering

3,850,957 shares of common stock

 

 

Use of Proceeds

We will not receive any proceeds upon the sale of shares of common stock by the selling stockholder in this offering. However, we received net proceeds of $269,815 upon the issuance of the convertible promissory note of which the common stock registered herein is issuable upon conversion. Selling stockholder will receive all of the proceeds from the sale of their shares offered by them under this prospectus. If all the registered shares are sold, our outstanding debt will be reduced by $5,900.

 

 

OTC Market Group, Inc.’s OTCQB tier

ASCC

 

 

Risk Factors

The common stock offered hereby involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment.  See “Risk Factors”.


- 1 -



RISK FACTORS


You should carefully consider the risks described below together with all of the other information included in this prospectus before making an investment decision with regard to our securities. We believe the following discussion identifies the most significant risks and uncertainties that could adversely affect our business. If any of the following risks were actually to occur, our business, results of operations, cash flows, and financial condition could be materially and adversely affected. Additional risks not currently known to us, or that we currently deem to be immaterial, could also materially adversely affect our business, results of operations, cash flows, and financial condition in future periods.


Risks Related to Our Business


We have a history of operating losses and expect to continue to realize losses in the near future. Currently our operations are producing inadequate revenue to fund all operating costs, and we rely on investments by third parties to fund our business. Even as our revenue grows, we may not become profitable or be able to sustain profitability.


We have reported net losses of $4,811,382 from the date of inception through October 31, 2015. We have not realized adequate revenue in order to support our operations. We expect to continue to incur net losses and negative cash flow from operations in the near future, and we will continue to experience losses for at least as long as it takes our company to generate adequate revenue by selling our distilled spirits. The size of these losses will depend, in large part, on whether we fully develop the distilled spirits industries, with a focus on the Vodka segment, in a profitable manner. To date, we have had only limited operating revenues. There can be no assurance that we will achieve material revenues in the future. Should we achieve a level of revenues that make us profitable, there is no assurance that we can maintain or increase profitability levels in the future.


There is substantial doubt as to whether we will continue operations. If we discontinue operations, you could lose your investment.


The following factors raise substantial doubt regarding the ability of our business to continue as a going concern: (i) the losses we incurred since our inception; (ii) our lack of significant operating revenues since inception through the date of this prospectus; and (iii) our dependence on the sale of equity or debt securities to continue in operation. We therefore expect to incur significant losses in the foreseeable future. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue our business. If we are unable to obtain additional financing from outside sources and eventually produce enough revenues, we may be forced to curtail or cease our operations. If this happens, you could lose all or part of your investment.


Our lack of any profitable operating history makes it difficult for us to evaluate our future business prospects and make decisions based on those estimates of our future performance.


We do not have any substantial operating history, which makes it impossible to evaluate our business on the basis of historical operations.  Our business carries both known and unknown risks. As a consequence, our past results may not be indicative of future results. Although this is true for any business, it is particularly true for us because of our lacking any profitable operating history.


We might not succeed in our strategies for acquisitions and dispositions.


From time to time, we may attempt to acquire or invest in additional brands or businesses. We expect to continue to seek acquisition and investment opportunities that we believe will increase long-term shareholder value, but we may not be able to find and purchase brands or businesses at acceptable prices and terms. Acquisitions involve risks and uncertainties, including potential difficulties integrating acquired brands and personnel; the possible loss of key customers or employees most knowledgeable about the acquired business; implementing and maintaining consistent U.S. public company standards, controls, procedures, policies, and information systems; exposure to unknown liabilities; business disruption; and management distraction. Acquisitions, investments, or joint ventures could also lead us to incur additional debt and related interest expenses, issue additional shares, and become exposed to contingent liabilities, as well as lead to dilution in our earnings per share and reduction in our return on average invested capital. We could incur future restructuring charges or record impairment losses on the value of goodwill or other intangible assets resulting from previous acquisitions, which may also negatively affect our financial results.


We also evaluate from time to time the potential disposition of assets or businesses that may no longer meet our growth, return, or strategic objectives. In selling assets or businesses, we may not get prices or terms as favorable as we anticipated. We could also encounter difficulty in finding buyers on acceptable terms in a timely manner, which could delay our accomplishment of strategic objectives. Expected cost savings from reduced overhead relating to the sold assets may not materialize, and the overhead reductions could temporarily disrupt our other business operations. Any of these outcomes could negatively affect our financial performance.


- 2 -



We recently underwent changes in management, and the current management has no experience in managing a public company prior to joining the Company.


We underwent changes in management January 1, 2013 and December 31, 2015. While Mr. Less has prior business experience in the distribution of distilled spirits and alcoholic beverages before joining the Company, he does not have experience in managing a public company.


One of our stockholders has the ability to significantly influence any matters to be decided by the stockholders, which may prevent or delay a change in control of our company.


Bloise International Corp. currently owns approximately 40% of our common stock and 100% of our Series E preferred stock. As holder of the Series E preferred stock Bloise International Corp. is entitled, voting separately as a single class, to vote double the number of all other voting share resulting in 2/3rds of all votes. As a result, it could exert considerable influence over the outcome of any corporate matter submitted to our stockholders for approval, including the election of directors and any transaction that might cause a change in control, such as a merger or acquisition.  Any stockholders in favor of a matter that is opposed by this stockholder cannot overrule the vote of Bloise International Corp.


Chris Less is our sole director and officer and the loss of Mr. Less could adversely affect our business.


Since Mr. Less is currently our sole director and officer, if he were to die, become disabled, or leave our company, we would be forced to retain individuals to replace him. There is no assurance that we can find suitable persons to replace him if that becomes necessary. We have no “Key Man” life insurance at this time.


Risks Relating to our Alcoholic Beverage Business


Changes in consumer preferences and purchases, and our ability to anticipate and react to them, could negatively affect our business results.


We are a branded consumer products company in a highly competitive market, and our success depends on our continued ability to offer consumers appealing, high-quality products. Consumer preferences and purchases may shift due to a host of factors, many of which are difficult to predict, including changes in economic conditions, demographic and social trends, public health policies and initiatives, changes in government regulation of beverage alcohol products and changes in travel, leisure, dining, gifting, entertaining, and beverage consumption trends. To continue to succeed, we must anticipate and respond effectively to shifts in demographics, consumer behavior, drinking tastes, and drinking occasions. Our business results could be negatively affected by shifts in demographic trends, specifically in the United States. Further, trends in the United States for several years after 2014 indicate a slight decrease in the population segment aged 21 to 24; fewer potential consumers in this age bracket could have a negative effect on industry growth rates and our business.


Production facility disruption could adversely affect our business.


Our largest brand, RWB Vodka, is produced at a single location. A catastrophic event causing physical damage, disruption, or failure at our major distillation or bottling facilities could adversely affect our business. A consequence of any of these or other supply or supply chain disruptions could be our inability to meet consumer demand for the affected products for a period of time. In addition, insurance proceeds may be insufficient to cover the replacement value of our inventory of maturing products and other assets if they were to be lost. Disaster recovery plans may not prevent business disruption, and reconstruction of any damaged facilities could require a significant amount of time.


The inherent uncertainty in supply/demand forecasting could adversely affect our business, particularly with respect to our aged products.



There is an inherent risk of forecasting imprecision in determining the quantity of aged and maturing products to store in a given year for future consumption. The forecasting strategies we use to balance product supply with fluctuations in consumer demand may not be effective for particular years, products, or markets. We cannot be sure that we will be successful in using various levers, such as price, to create the desired balance of available supply and consumer demand for particular years, products, or markets. As a consequence, we may be unable to meet consumer demand for the affected products for a period of time. Furthermore, not having our products in the market on a consistent basis may adversely affect our brand equity and future sales.


- 3 -



Higher costs or unavailability of materials could adversely affect our financial results, as could our inability to obtain certain finished goods.


Our products use a number of materials and ingredients that we purchase from suppliers. Our ability to make and sell our products depends upon the availability of the raw materials, product ingredients, finished products, wood, glass, bottles, bottle closures, packaging, and other materials used to produce and package them. Without sufficient quantities of one or more key materials, our operations and financial results could suffer. For instance, only a few glass producers make bottles on a scale sufficient for our requirements, and a single producer supplies most of our glass requirements. If any of our key suppliers were no longer able to meet our timing, quality, or capacity requirements, ceased doing business with us, or raised prices, and we could not promptly develop alternative cost-effective sources of supply or production, our operations and financial results could suffer.


Higher costs or insufficient availability of suitable raw materials, including potatoes, grain, water, glass, closures, and other input materials, or higher associated labor costs or insufficient availability of labor, may adversely affect our financial results, because we may not be able to pass along such cost increases or the cost of such shortages through higher prices to customers. Similarly, when energy costs rise, our transportation, freight, and other operating costs, such as distilling and bottling expenses, also may increase. Our financial results may be adversely affected if we are not able to pass along energy cost increases through higher prices to our customers without reducing demand or sales.


Weather, the effects of climate change, diseases, and other agricultural uncertainties that affect the mortality, health, yield, quality, or price of the various raw materials used in our products also present risks for our business, including in some cases potential impairment in the recorded value of our inventory. Changes in weather patterns or intensity can disrupt our supply chain as well, which may affect production operations, insurance costs and coverage, as well as the timely delivery of our products to customers.


Water is one of the major components of our products, so the quality and quantity of available water is important to our ability to operate our business. If hydrologic cycle patterns change, and droughts become more common or severe, or if the water supply were interrupted for other reasons, high-quality water could become scarce in some key production regions for our products.


If the social acceptability of our products declines or governments adopt policies disadvantageous to beverage alcohol, our business could be adversely affected.


Our ability to market and sell our products depends heavily on societal attitudes toward drinking and governmental policies that both flow from and affect those attitudes. In recent years, increased social and political attention has been directed at the beverage alcohol industry. The recent attention has focused largely on public health concerns related to alcohol abuse, including drunk driving, underage drinking, and the negative health impacts of the abuse and misuse of beverage alcohol. While most people who drink enjoy alcoholic beverages in moderation, it is commonly known and well reported that excessive levels or inappropriate patterns of drinking can lead to increased risk of a range of health conditions and, for certain people, can result in alcohol dependence. Some academics and public health officials as well as critics of the alcohol industry in the United States, Europe, and other countries around the world increasingly seek governmental measures to make beverage alcohol products more expensive, less available, or more difficult to advertise and promote. For example, the World Health Organization recently published a report on alcohol and its associated health risks and impacts, and encouraged governments to develop specific regulatory policies to reduce the harmful use of alcohol. If future research indicated more widespread serious health risks associated with alcohol consumption – particularly with moderate consumption – or if for any reason the social acceptability of beverage alcohol were to decline significantly, sales of our products could decrease.


We face substantial competition in our industry, and consolidation among beverage alcohol producers, wholesalers, or retailers, or changes to our route-to-consumer model, could hinder the marketing, sale, or distribution of our products.


We use different business models to market and distribute our products in North America. In the United States, we sell our products either to distributors for resale to retail outlets, directly to retail outlets or, in those states that control alcohol sales, to state governments who then sell them to retail customers and consumers. Consolidation among spirits producers, distributors, wholesalers, or retailers could create a more challenging competitive landscape for our products. Consolidation at any level could hinder the distribution and sale of our products as a result of reduced attention and resources allocated to our brands both during and after transition periods, because our brands might represent a smaller portion of the new business portfolio. Expansion into new product categories by other suppliers, or innovation by new entrants into the market, could increase competition in our product categories. Changes to our route-to-consumer models or partners in important markets could result in temporary or longer-term sales disruption, could result in higher implementation-related or fixed costs, and could negatively affect other business relationships we might have with that partner. Distribution network disruption or fluctuations in our product inventory levels at distributors, wholesalers, or retailers could negatively affect our results for a particular period.


- 4 -



Our competitors may respond to industry and economic conditions more rapidly or effectively than we do. Other suppliers, as well as wholesalers and retailers of our brands, offer products that compete directly with ours for shelf space, promotional displays, and consumer purchases. Pricing (including price promotions, discounting, couponing, and free goods), marketing, new product introductions, entry into our distribution networks, and other competitive behavior by other suppliers, and by wholesalers and retailers who sell their products against ours, could adversely affect our sales, margins, and profitability. While we seek to take advantage of the efficiencies and opportunities that large retail customers can offer, large retail customers often seek lower pricing and purchase volume flexibility, offer own-label competing products, and represent a large number of other competing products. If their leverage continues to increase, it could negatively affect our financial results.


Our business operations may be adversely affected by social, political and economic conditions affecting market risks the demand for and pricing of our products. These risks include:


·

Unfavorable economic conditions, and related low consumer confidence, high unemployment, weak credit or capital markets, sovereign debt defaults, sequestrations, austerity measures, higher interest rates, political instability, higher inflation, deflation, lower returns on pension assets, or lower discount rates for pension obligations

·

Changes in laws, regulations, or policies – especially those that affect the production, importation, marketing, sale, or consumption of our beverage alcohol products

·

Tax rate changes (including excise, sales, VAT, tariffs, duties, corporate, individual income, dividends, capital gains) or changes in related reserves, changes in tax rules (for example, LIFO, foreign income deferral, U.S. manufacturing and other deductions) or accounting standards, and the unpredictability and suddenness with which they can occur

·

Dependence upon the continued growth of our family of brands

·

Changes in consumer preferences, consumption, or purchase patterns – particularly away from clear spirits, our premium products, or spirits generally, and our ability to anticipate and react to them; bar, restaurant, travel, or other on-premise declines; unfavorable consumer reaction to new products, line extensions, package changes, product reformulations, or other product innovation

·

Decline in the social acceptability of beverage alcohol products in significant markets

·

Production facility or supply chain disruption

·

Imprecision in supply/demand forecasting

·

Higher costs, lower quality, or unavailability of energy, input materials, labor, or finished goods

·

Route-to-consumer changes that affect the timing of our sales, temporarily disrupt the marketing or sale of our products, or result in higher implementation-related or fixed costs

·

Inventory fluctuations in our products by distributors, wholesalers, or retailers

·

Competitors’ consolidation or other competitive activities, such as pricing actions (including price reductions, promotions, discounting, couponing, or free goods), marketing, category expansion, product introductions, or entry or expansion in our geographic markets or distribution networks

·

Risks associated with acquisitions, dispositions, business partnerships, or investments – such as acquisition integration, or termination difficulties or costs, or impairment in recorded value

·

Insufficient protection of our intellectual property rights

·

Product recalls or other product liability claims; product counterfeiting, tampering, or product quality issues

·

Significant legal disputes and proceedings; government investigations (particularly of industry or company business, trade or marketing practices)

·

Failure or breach of key information technology systems

·

Negative publicity related to our company, brands, marketing, personnel, operations, business performance, or prospects

·

Business disruption, decline, or costs related to organizational changes, reductions in workforce, or other cost-cutting measures, or our failure to attract or retain key executive or employee talent


We require substantial funds to produce and market our distilled spirits.


Development and marketing of our alcoholic beverages, including our signature RWB Vodka, depends upon the results of marketing programs, feasibility studies and the recommendations of qualified professionals. Such activities require substantial funding. Before deciding to produce and market distilled spirits, we must consider several significant factors, including, but not limited to:


·

Costs of bringing the products into production;

·

Availability and costs of financing;

·

Ongoing costs of production;


- 5 -



·

Market prices for the products to be produced;

·

Environmental compliance regulations and restraints; and

·

Political climate and/or governmental regulation and control.


Risks Related to Our Common Stock


We lack an established trading market for our common stock, and you may be unable to sell your common stock at attractive prices or at all.


There is currently a limited trading market for our common stock in the OTCQB under the symbol “ASCC.” There can be no assurances given that an established public market will be obtained for our common stock or that any public market will last. As a result, we cannot assure you that you will be able to sell your common stock at attractive prices or at all.


The market price for our common stock may be highly volatile.


The market price for our common stock may be highly volatile. A variety of factors may have a significant impact on the market price of our common stock, including:


·

the publication of earnings estimates or other research reports and speculation in the press or investment community;

·

changes in our industry and competitors;

·

our financial condition, results of operations and prospects;

·

any future issuances of our common stock, which may include primary offerings for cash, and the grant or exercise of stock options from time to time;

·

general market and economic conditions; and

·

any outbreak or escalation of hostilities, which could cause a recession or downturn in our economy.


We may be subject to shareholder litigation, thereby diverting our resources that may have a material effect on our profitability and results of operations.


As discussed in the preceding risk factors, the market for our common shares is characterized by significant price volatility when compared to seasoned issuers, and we expect that our share price will continue to be more volatile than a seasoned issuer for the indefinite future.  In the past, plaintiffs have often initiated securities class action litigation against a company following periods of volatility in the market price of its securities.  We may become the target of similar litigation. Securities litigation will result in substantial costs and liabilities and will divert management’s attention and resources.


Our future sales of common stock by management and other stockholders may have an adverse effect on the then prevailing market price of our common stock.


In the event a public market for our common stock is sustained in the future, sales of our common stock may be made by holders of our public float or by holders of restricted securities in compliance with the provisions of Rule 144 of the Securities Act of 1933. In general, under Rule 144, a non-affiliated person who has satisfied a six-month holding period in a company registered under the Securities Exchange Act of 1934, as amended, may, sell their restricted common stock without volume limitation, so long as the issuer is current with all reports under the Exchange Act in order for there to be adequate common public information. Affiliated persons may also sell their common shares held for at least six months, but affiliated persons will be required to meet certain other requirements, including manner of sale, notice requirements and volume limitations. Non-affiliated persons who hold their common shares for at least one year will be able to sell their common stock without the need for there to be current public information in the hands of the public. Future sales of shares of our public float or by restricted common stock made in compliance with Rule 144 may have an adverse effect on the then prevailing market price, if any, of our common stock.


Lack of Independent Directors.


The Sarbanes-Oxley Act of 2002 requires us as a public corporation to have an audit committee composed solely of independent directors. Currently, we have no independent directors and lack an Audit Committee of the board of directors.  Audit committee communications will have to go directly to board members and addressed with the board of directors. We can provide no assurances that we will be able to attract and maintain independent directors on our board or form an Audit Committee in compliance with Sarbanes-Oxley.


- 6 -



We do not expect to pay cash dividends in the foreseeable future.


We do not anticipate paying cash dividends on our common stock in the foreseeable future. We may not have sufficient funds to legally pay dividends. Even if funds are legally available to pay dividends, we may nevertheless decide in our sole discretion not to pay dividends. The declaration, payment and amount of any future dividends will be made at the discretion of our board of directors, and will depend upon, among other things, the results of our operations, cash flows and financial condition, operating and capital requirements, and other factors our board of directors may consider relevant. There is no assurance that we will pay any dividends in the future, and, if dividends are paid, there is no assurance with respect to the amount of any such dividend.


As a public company, we are subject to complex legal and accounting requirements that will require us to incur significant expenses and will expose us to risk of non-compliance.


As a public company, we are subject to numerous legal and accounting requirements that do not apply to private companies. The cost of compliance with many of these requirements is material, not only in absolute terms but, more importantly, in relation to the overall scope of the operations of a small company. Our relative inexperience with these requirements may increase the cost of compliance and may also increase the risk that we will fail to comply. Failure to comply with these requirements can have numerous adverse consequences including, but not limited to, our inability to file required periodic reports on a timely basis, loss of market confidence and/or governmental or private actions against us. We cannot assure you that we will be able to comply with all of these requirements or that the cost of such compliance will not prove to be a substantial competitive disadvantage vis-à-vis our privately held and larger public competitors.


Compliance with changing regulation of corporate governance and public disclosure will result in additional expenses and pose challenges for our management.


Changing laws, regulations and standards relating to corporate governance and public disclosure, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the rules and regulations promulgated thereunder, the Sarbanes-Oxley Act and SEC regulations, have created uncertainty for public companies and significantly increased the costs and risks associated with accessing the U.S. public markets.  Our management team will need to devote significant time and financial resources to comply with both existing and evolving standards for public companies, which will lead to increased general and administrative expenses and a diversion of management time and attention from revenue generating activities to compliance activities.


We will need to raise substantial additional capital in the future to fund our operations and we may be unable to raise such funds when needed and on acceptable terms.


The extent to which we sell equity or debt securities as a source of funding will depend on a number of factors, including the prevailing market price of our common stock, the volume of trading in our common stock and the extent to which we are able to secure funds from other sources.


When we elect to raise additional funds or additional funds are required, we may raise such funds from time to time through public or private equity offerings, debt financings, corporate collaboration and licensing arrangements or other financing alternatives. Additional equity or debt financing or corporate collaboration and licensing arrangements may not be available on acceptable terms, if at all. If we are unable to raise additional capital in sufficient amounts or on terms acceptable to us, we will be prevented from pursuing acquisition, licensing, development and commercialization efforts and our ability to generate revenues and achieve or sustain profitability will be substantially harmed.


If we raise additional funds by issuing equity securities, our stockholders will experience dilution. Debt financing, if available, would result in increased fixed payment obligations and may involve agreements that include covenants limiting or restricting our ability to take specific actions, such as incurring additional debt, making capital expenditures or declaring dividends. Any debt financing or additional equity that we raise may contain terms, such as liquidation and other preferences, which are not favorable to us or our stockholders. If we raise additional funds through collaboration and licensing arrangements with third parties, it may be necessary to relinquish valuable rights to our technologies, future revenue streams or product candidates or to grant licenses on terms that may not be favorable to us. Should the financing we require to sustain our working capital needs be unavailable or prohibitively expensive when we require it, our business, operating results, financial condition and prospects could be materially and adversely affected and we may be unable to continue our operations.


- 7 -



We are subject to penny stock regulations and restrictions and you may have difficulty selling shares of our common stock.


Our common stock is subject to the provisions of Section 15(g) and Rule 15g-9 of the Securities Exchange Act of 1934 (the “Exchange Act”), commonly referred to as the “penny stock rule.”  Section 15(g) sets forth certain requirements for transactions in penny stock, and Rule 15g-9(d) incorporates the definition of “penny stock” that is found in Rule 3a51-1 of the Exchange Act.  The SEC generally defines a penny stock to be any equity security that has a market price less than $5.00 per share, subject to certain exceptions. We are subject to the SEC’s penny stock rules.


Since our common stock is deemed to be penny stock, trading in the shares of our common stock is subject to additional sales practice requirements on broker-dealers who sell penny stock to persons other than established customers and accredited investors. “Accredited investors” are persons with assets in excess of $1,000,000 (excluding the value of such person’s primary residence) or annual income exceeding $200,000 or $300,000 together with their spouse. For transactions covered by these rules, broker-dealers must make a special suitability determination for the purchase of such security and must have the purchaser’s written consent to the transaction prior to the purchase. Additionally, for any transaction involving a penny stock, unless exempt the rules require the delivery, prior to the first transaction of a risk disclosure document, prepared by the SEC, relating to the penny stock market.  A broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative and current quotations for the securities.  Finally, monthly statements must be sent disclosing recent price information for the penny stocks held in an account and information to the limited market in penny stocks.  Consequently, these rules may restrict the ability of broker-dealer to trade and/or maintain a market in our common stock and may affect the ability of our stockholders to sell their shares of common stock.


There can be no assurance that our shares of common stock will qualify for exemption from the Penny Stock Rule. In any event, even if our common stock was exempt from the Penny Stock Rule, we would remain subject to Section 15(b)(6) of the Exchange Act, which gives the SEC the authority to restrict any person from participating in a distribution of penny stock if the SEC finds that such a restriction would be in the public interest.


While we currently qualify as an “emerging growth company” under the Jumpstart of Business Startups Act of 2012, or the JOBS Act, when we lose that status the costs and demands placed upon our management will increase.


Once we become a publicly reporting company, we will continue to be deemed an emerging growth company until the earliest of (i) the last day of the fiscal year during which we had total annual gross revenues of $1 billion (as indexed for inflation); (ii) the last day of the fiscal year following the fifth anniversary of the date of the first sale of common stock under this registration statement; (iii) the date on which we have, during the previous 3-year period, issued more than $1 billion in non-convertible debt; or (iv) the date on which we are deemed to be a “large accelerated filer, ” as defined by the Securities and Exchange Commission, which would generally occur upon our attaining a public float of at least $700 million. Once we lose emerging growth company status, we expect the costs and demands placed upon our management to increase, as we would have to comply with additional disclosure and accounting requirements, particularly if we would also no qualify as a smaller reporting company.


We are an “emerging growth company” and we cannot be certain that the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.


The JOBS Act permits “emerging growth companies” like us, upon becoming a publicly-reporting company, to rely on some of the reduced disclosure requirements that are already available to smaller reporting companies. As long as we qualify as an emerging growth company or a smaller reporting company, we would be permitted to omit the auditor’s attestation on internal control over financial reporting that would otherwise be required by the Sarbanes-Oxley Act, as described above, and are also exempt from the requirement to submit “say-on-pay”, “say-on-pay frequency” and “say-on-parachute” votes to our stockholders and may avail ourselves of reduced executive compensation disclosure that is already available to smaller reporting companies.


In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the exemption from complying with new or revised accounting standards provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended, as long as we are an emerging growth company. An emerging growth company can therefore delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We intend to take advantage of the benefits of this until we are no longer an emerging growth company or until we affirmatively and irrevocably opt out of this exemption. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.


We will cease to be an emerging growth company at such time as described in the risk factor immediately above. Until such time, however, we cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile and could cause our stock price to decline.


- 8 -



Our common stock is subject to price volatility unrelated to our operations.


The market price of our common stock could fluctuate substantially due to a variety of factors, including market perception of our ability to achieve our planned growth, quarterly operating results of other companies in the same industry, trading volume in our common stock, changes in general conditions in the economy and the financial markets or other developments affecting our competitors or ourselves. In addition, the OTCQB is subject to extreme price and volume fluctuations in general.  This volatility has had a significant effect on the market price of securities issued by many companies for reasons unrelated to their operating performance and could have the same effect on our common stock.


Trading in our common stock on the OTC Markets is limited and sporadic making it difficult for our shareholders to sell their shares or liquidate their investments.


Trading in our common stock is currently published on the OTC Markets. The trading price of our common stock has been subject to wide fluctuations.  Trading prices of our common stock may fluctuate in response to a number of factors, many of which will be beyond our control. The stock market has generally experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies with no current business operation. There can be no assurance that trading prices and price earnings ratios previously experienced by our common stock will be matched or maintained. These broad market and industry factors may adversely affect the market price of our common stock, regardless of our operating performance.  In the past, following periods of volatility in the market price of a company’s securities, securities class-action litigation has often been instituted. Such litigation, if instituted, could result in substantial costs for us and a diversion of management’s attention and resources.


The issuance of our common stock to the selling stockholder may cause substantial dilution to our existing stockholders and the sale of the shares of common stock acquired by the selling stockholder could cause the price of our common stock to decline.


We are registering for sale 590,000 shares that we may issue to the selling stockholder. It is anticipated that shares registered in this offering will be sold over a period of up to approximately twelve months from the date of this prospectus. The number of shares ultimately offered for sale by the selling stockholder under this prospectus is dependent upon the number of shares the selling stockholder elects to convert from the convertible promissory note. Depending upon market liquidity at the time, sales of shares of our common stock issued upon conversion of the promissory note may cause the trading price of our common stock to decline.


The selling stockholder may sell all, some or none of our shares that it holds or comes to hold upon conversion of the promissory note. Sales by the selling stockholder of shares acquired upon conversion of the promissory note and sold under the registration statement, of which this prospectus is a part, may result in dilution to the interests of other holders of our common stock. The sale of a substantial number of shares of our common stock by the selling stockholder in this offering, or anticipation of such sales, could make it more difficult for us to sell equity or equity-related securities in the future at a time and at a price that we might otherwise wish to effect sales.


We are registering 590,000 shares of common stock to be issued upon conversion of the promissory note. The sales of such shares could depress the market price of our common stock.


We are registering 590,000 shares of common stock under the registration statement of which this prospectus is a part, pursuant to the registration rights agreement with the selling stockholder. Notwithstanding the selling stockholder’s ownership limitation, the 590,000 shares will represent approximately 23.04% of our shares of common stock held by nonaffiliated shareholders immediately after issuance of the shares upon conversion of the promissory note. The sale of these shares into the public market by the selling stockholder could depress the market price of our common stock.


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS


This prospectus contains certain forward-looking statements. When used in this prospectus or in any other presentation, statements which are not historical in nature, including the words “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” “may,” “project,” “plan” or “continue,” and similar expressions are intended to identify forward-looking statements. They also include statements containing a projection of revenues, earnings or losses, capital expenditures, dividends, capital structure or other financial terms.


- 9 -



The forward-looking statements in this prospectus are based upon our management’s beliefs, assumptions and expectations of our future operations and economic performance, taking into account the information currently available to them. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties, some of which are not currently known to us that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. These forward-looking statements are based on our current plans and expectations and are subject to a number of uncertainties and risks that could significantly affect current plans and expectations and our future financial condition and results.


We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this prospectus might not occur. We qualify any and all of our forward-looking statements entirely by these cautionary factors. As a consequence, current plans, anticipated actions and future financial conditions and results may differ from those expressed in any forward-looking statements made by or on our behalf. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented herein.


USE OF PROCEEDS


The selling stockholder will receive all of the proceeds from the sale of their shares offered by them under this prospectus. We will not receive any proceeds from the sale of the shares sold by the selling stockholder. If all the registered shares are sold, our outstanding debt will be reduced by $5,440.


DILUTION


The sale of our common stock issuable upon conversion of the promissory note will have a dilutive impact on our shareholders. As a result, our net loss per share could increase in future periods and the market price of our common stock could decline.


After giving effect to the sale in this offering of 590,000 shares of common stock at a conversion rate of $0.01 per share, our pro forma as adjusted net tangible book value as of October 30, 2015 would have been approximately $(880,595), or $(0.23) per share of common stock. This represents an immediate increase in pro forma as adjusted net tangible book value of $0.04 per share to our existing stockholders and an immediate dilution of $0.24 per share to our new shareholders.


MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS


Public Market for common stock


Our common stock began trading on the “Over the Counter” Bulletin Board (“OTC”) under the symbol “ASCC” in November 2015. The following table sets forth, for the period indicated, the prices of the common stock in the over-the-counter market, as reported and summarized by OTC Markets Group, Inc. These quotations represent inter-dealer quotations, without adjustment for retail markup, markdown, or commission and may not represent actual transactions. There is an absence of an established trading market for the Company’s common stock, as the market is limited, sporadic and highly volatile, which may affect the prices listed below.


 

 

High

 

Low

Fiscal Year Ended July 31, 2015

 

 

 

 

 

 

Quarter ended July 31, 2015

 

$

3.00

 

$

0.51

Quarter ended April 30, 2015

 

$

5.20

 

$

1.50

Quarter ended January 31, 2015

 

$

6.00

 

$

1.50

Quarter ended October 31, 2014

 

$

5.64

 

$

1.00

 

 

 

 

 

 

 

Fiscal Year Ended July 31, 2014

 

 

 

 

 

 

Quarter ended July 31, 2014

 

$

8.99

 

$

3.00

Quarter ended April 30, 2014

 

$

28.00

 

$

6.13

Quarter ended January 31, 2014

 

$

25.00

 

$

5.50

Quarter ended October 31, 2013

 

$

41.00

 

$

17.50


Holders


We had approximately 6 record holders of our common stock as of January 20, 2016, according to the books of our transfer agent. The number of our stockholders of record excludes any estimate by us of the number of beneficial owners of shares held in street name, the accuracy of which cannot be guaranteed.


- 10 -



Dividends


There are no restrictions in our articles of incorporation or bylaws that restrict us from declaring dividends. The Nevada Revised Statutes, however, does prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:


·

we would not be able to pay our debts as they become due in the usual course of business; or

·

our total assets would be less than the sum of our total liabilities, plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.


We have not declared any dividends and do not plan to declare any dividends in the foreseeable future.


Common Stock


We are authorized to issue 480,000,000 shares of common stock, with a par value of $0.001. The closing price of our common stock on January 20, 2016, as quoted by OTC Markets Group, Inc., was $0.2888. There were 3,260,957 shares of common stock issued and outstanding as of January 20, 2016. All shares of common stock have one vote per share on all matters including election of directors, without provision for cumulative voting. The common stock is not redeemable and has no conversion or preemptive rights. The common stock currently outstanding is validly issued, fully paid and non-assessable. In the event of liquidation of the Company, the holders of common stock will share equally in any balance of the Company’s assets available for distribution to them after satisfaction of creditors and preferred shareholders, if any. The holders of the Company’s common are entitled to equal dividends and distributions per share with respect to the common stock when, as and if, declared by the Board of Directors from funds legally available.


Our Articles of Incorporation, our Bylaws, and the applicable statutes of the state of Nevada contain a more complete description of the rights and liabilities of holders of our securities.


During the year ended July 31, 2015, there was no modification of any instruments defining the rights of holders of the Company’s common stock and no limitation or qualification of the rights evidenced by the Company’s common stock as a result of the issuance of any other class of securities or the modification thereof.


On April 17, 2015, our reincorporation from Florida to Nevada resulted in a one-for-100 reverse stock split. Each shareholder received one share in the Nevada corporation for every 100 shares he held in the Florida corporation. Fractional shares were rounded up to the nearest whole share, and each shareholder received at least five shares.


Preferred Stock


We are authorized to issue 20,000,000 shares of preferred stock. On June 12, 2015, the board of directors designated 1,000,000 shares of Series E preferred stock. The Series E preferred stock has a par value of $0.001 and ranks subordinate to the Company’s common stock. The outstanding shares of Series E preferred stock have the right to take action by written consent or vote based on the number of votes equal to twice the number of votes of all outstanding shares of capital stock. On the same date, the Company issued 1,000,000 shares of Series E preferred stock to Bloise International Corporation, a Panama corporation whose beneficial owner is Ilya Solodov (“Bloise”), for compensation in a control transaction. Prior to this transaction, Bloise owned 1,275,872 shares of common stock, or approximately 62%, of the Company.


Non-cumulative voting


Holders of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in that event, the holders of the remaining shares will not be able to elect any of our directors.


Going Concern


We have not attained profitable operations and are dependent upon obtaining financing to continue to pursue our business plan or to undertake any expansion of our current business activities. For these reasons our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.


- 11 -



Off Balance Sheet Arrangements


We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.


Critical Accounting Policies


Our financial statements are impacted by the accounting policies used and the estimates and assumptions made by management during their preparation. A complete summary of these policies is included in Note 2 of the notes to our historical financial statements. We have identified and disclosed accounting policies that are of particular importance in the presentation of our financial position, results of operations and cash flows and which require the application of significant judgment by management.


DESCRIPTION OF BUSINESS


History and General Overview


We were incorporated in Florida on July 20, 2011.


On April 1, 2015, the Company reincorporated from Florida to Nevada. The Company’s board of directors and majority shareholder consented to the reincorporation. Each of our shareholders on the record date received one share of the Nevada company’s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder will receive at least five shares. The Nevada company is authorized to issue 480 million shares of common stock and 20 million shares of preferred stock, each with a par value of $0.001 per share. The board of directors and officers of the Nevada company consist of the same persons who are currently directors and officers. The information contained herein gives retroactive effect to the stock split for all periods presented.


On February 3, 2015, our board of directors adopted the 2015 Omnibus Equity Incentive Plan.


On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.


Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”).


Top Shelf has a wholesalers license in the State of Texas and currently markets and sells RWB Vodka. RWB Vodka is a potato-based gluten-free vodka, which is currently distributed in North America and sold by a growing number of retailers.


Our fiscal year end is July 31.


Effective as of December 31, 2015, Chris Less was elected director, president, secretary, treasurer and chief executive officer to replace Robert Federowicz.


Plan of Operation


The Company is initially concentrating on the distilled spirits industry, with a focus on the Vodka segment. As a core direction, beverage alcohol marketing can be used as a platform to promote other business segments of the Company, such as event promotion. Vodka accounts for almost one quarter of all distilled spirits sales and continues to grow. Selecting the distilled spirits sector enables Aristocrat to enter into a large diverse market with broad appeal and several similar supporting categories, such as the spirit industry and the music industry.  These two sectors are easily linkable and present many original opportunities for partnership, sponsorship and brand awareness activities.


- 12 -



Top Shelf currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”). RWB Vodka is a potato-based, gluten-free vodka which is currently distributed in North America and sold by a growing number of retailers.


The Company is currently developing Big Box Vodka, which is expected to be launched in 2016. Big Box Vodka is distilled from Idaho winter wheat using a continuous, four-column process. It will feature innovative packaging designed for maximum convenience and portability, making the product the perfect choice for spirits consumers on the go.


In December 2015, the Company engaged Texas Top Shelf, a beverage alcohol distributor with a strong logistical backbone nationwide. This engagement will allow the Company to expand its brand presence in some of North America’s most crucial distilled spirits markets resulting in an increased sales footprint and lower delivery costs for RWB Vodka and future brands.


The Company is currently in negotiations to acquire or partner with Famous Brands, LLC, a Texas-based firm with a portfolio of 17 distilled spirits brands. A potential acquisition of Famous Brands would significantly increase our revenues in 2016 and beyond.


Employees


Our sole employee is Chris Less, our president, treasurer, secretary and sole director. Mr. Less is employed under a written employment agreement. See, Directors, Executive Officers and Corporate Governance.


Intellectual Property


We have no patents or trademarks.


Legal Proceedings


We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder are an adverse party or has a material interest adverse to us.


MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Results of Operations


Three months ended October 31, 2015 compared to the three months ended October 31, 2014.


Revenue


Revenue decreased to $14,301 for the three months ended October 31, 2015, compared to $24,840 for the three months ended October 31, 2014. During the quarter ended October 31, 2015, the Company changed the way that it was spending its advertising budget and realized a decrease in sales for the period.


Cost of Goods Sold


Cost of goods sold decreased to $11,285 for the three months ended October 31, 2015, compared to $17,681 for the comparable period in 2014 due to fewer bottles sold.


Gross Profit


Gross profit decreased to $3,016 for the three months ended October 31, 2015, compared to $7,159 for the three months ended October 31, 2014. This was caused by the decrease in sales discussed above.


Sales and Marketing Expenses


We recognized sales and marketing expenses of $122,232 and $127,291 for the three months ended October 31, 2015 and 2014, respectively. Our sales and marketing spend was consistent between the two periods.


- 13 -



General and Administrative Expenses


We recognized general and administrative expenses of $268,264 and $213,145 for the three months ended October 31, 2015 and 2014, respectively. The increase was due to higher professional fees.


Interest Expense


Interest expense increased from $74,269 for the three months ended October 31, 2014 to $304,120 for the three months ended October 31, 2015. Interest expense for the three months ended October 31, 2015 included amortization of discount on convertible notes payable in the amount of $252,061, compared to $48,395 for the comparable period of 2014. The remaining amount is the result of the Company entering into interest-bearing convertible notes payable.


Net Loss


We incurred a net loss of $691,600 for the three months ended October 31, 2015 as compared to $407,546 for the comparable period of 2014. The increase in the net loss was primarily the result of the increases in interest expense and professional fees.


Results of Operations


Fiscal year ended July 31, 2015 compared to the fiscal year ended July 31, 2014.


We incurred a net loss of $2,178,676 for the year ended July 31, 2015. We had a working capital deficit of $642,122 as of July 31, 2015. We do not anticipate having positive net income in the immediate future. Net cash used by operations for the year ended July 31, 2015 was $1,140,506.


We continue to rely on advances to fund operating shortfalls and do not foresee a change in this situation in the immediate future. There can be no assurance that we will continue to have such advances available. We will not be able to continue operations without them. We are pursuing alternate sources of financing, but there is no assurance that additional capital will be available to the Company when needed or on acceptable terms.


Revenue


Revenue increased to $114,433 for the year ended July 31, 2015, compared to $26,539 for the year ended July 31, 2014. The increase is primarily due to increase market awareness of our product. We have also expanded our distribution territory during fiscal year 2015.


Cost of Goods Sold


Cost of Goods Sold increased to $94,210 for the year ended July 31, 2015, compared to $25,334 for the comparable period in 2014. This is driven by the increased sales volume.


Gross Profit


Revenue increased to $20,223 for the year ended July 31, 2015, compared to $1,205 for 2014. This is due to increased market awareness of the product, expanded distribution territory, and improved gross profit margins on our vodka sales.


Sales and Marketing Expenses


We recognized sales and marketing expenses of $480,612 and $382,165 for the year ended July 31, 2015 and 2014, respectively. During the year ended July 31, 2015, we increased the number of promotional events and increased our sponsorship. This was offset by a decline in traditional advertising.


General and Administrative Expenses


We recognized general and administrative expenses in the amount of $1,079,373 and $626,125 for the year ended July 31, 2015 and 2014, respectively. This was driven by additional costs for third-party sales persons to promote RWB vodka in new geographies. It is supplemented by increased professional fees for administrative services.


- 14 -



Interest Expense


Interest expense increased from $365,275 for the year ended July 31, 2014 to $638,914 for the year ended July 31, 2015. Interest expense for the year ended July 31, 2015 included $492,449 for amortization of discount on convertible notes payable in the amount of, compared to $302,409 for the comparable period of 2014. This is due to both the higher average debt balances and higher conversions on our convertible debt.


The remaining increase is due to higher contractual interest expenses on our convertible notes payable, which had a higher average balance in fiscal year 2015 than in fiscal year 2014.


Net Loss


We incurred a net loss of $2,178,676 for the year ended July 31, 2015 as compared to $1,372,360 for the comparable period of 2014. The increase in the net loss was mainly drive by increases in interest expense and professional fees.


Liquidity and Capital Resources


At October 31, 2015, we had cash on hand of $8,816. The company has negative working capital of $808,538. Net cash used in operating activities for the three months ended October 31, 2015 was $538,102. Cash on hand is adequate to fund our operations for less than one month. We do not expect to achieve positive cash flow from operating activities in the near future. We will require additional cash in order to implement our business plan. There is no guarantee that we will be able to attain fund when we need them or that funds will be available on terms that are acceptable to the Company. We have no material commitments for capital expenditures as of October 31, 2015.


Additional Financing


Additional financing is required to continue operations. Although actively searching for available capital, the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available.


DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE


The Directors and Officers serving our Company are as follows:


Name and Address

 

Age

 

Positions Held

Chris Less
6671 South Las Vegas Boulevard, Suite 210
Las Vegas, Nevada 89119

 

52

 

President, Secretary, Treasurer, Chief Executive Officer,
Principal Financial Officer and Director


The sole director named above has held his office since January 1, 2013 and will serve until the next annual meeting of the stockholders. Thereafter, directors will be elected for one-year terms at the annual stockholders’ meeting. Officers will hold their positions at the pleasure of the board of directors.


Biographical Information – Chris Less


Mr. Less, age 52, brings over twenty five years experience in consumer packaged goods, malt beverages and distribution, having previously been in charge of new business development, sales, marketing and merchandising at other beverage companies. From 2008 through 2011, Mr. Less was the high end brand manager for Silver Eagle Distributors. From 2011 through 2014, he was the region manager for Warsteiner USA. From 2015 until the present, he was director of sales and distribution for Big Bend Brewing Co. Mr. Less originally joined Aristocrat Group Corp. in November 2015 as general manager of its subsidiary, Top Shelf Distributing, LLC. Mr. Less holds a Bachelor of Science degree in Health Sciences and History from the University of North Alabama.


Chris Less has a written employment agreement with the Company under which he is being paid $70,000 per year with quarterly bonuses of up to $7,500 for his services to the Company.


We have not entered into any transactions with Chris Less described in Item 404(a) of Regulation S-K. Mr. Less was not appointed pursuant to any arrangement or understanding with any other person.


- 15 -



Family Relationships


There are no family relationships among our directors or executive officers.


Involvement in Certain Legal Proceedings


During the past ten (10) years, none of our directors, persons nominated to become directors, executive officers, promoters or control persons was involved in any of the legal proceedings listen in Item 401(f) of Regulation S-K.


Arrangements with directors and executive officers


There are no arrangements or understandings between our sole executive officer and director and any other person pursuant to which he is to be selected as an executive officer or director.


Significant Employees and Consultants


We have no employees, other than our President, Chris Less.  


Code of Ethics


We have adopted a code of ethics that applies to our executive officers and employees.


Corporate Governance


Our business, property and affairs are managed by, or under the direction of, our board, in accordance with the Nevada Revised Statutes and our bylaws. Members of the board are kept informed of our business through discussions with the Chief Executive Officer and other key members of management, by reviewing materials provided to them by management.


We continue to review our corporate governance policies and practices by comparing our policies and practices with those suggested by various groups or authorities active in evaluating or setting best practices for corporate governance of public companies. Based on this review, we have adopted, and will continue to adopt, changes that the board believes are the appropriate corporate governance policies and practices for our Company. We have adopted changes and will continue to adopt changes, as appropriate, to comply with the Sarbanes-Oxley Act of 2002 and subsequent rule changes made by the SEC and any applicable securities exchange.


Director Qualifications and Diversity


The board seeks independent directors who represent a diversity of backgrounds and experiences that will enhance the quality of the board’s deliberations and decisions. Candidates shall have substantial experience with one or more publicly traded companies or shall have achieved a high level of distinction in their chosen fields. The board is particularly interested in maintaining a mix that includes individuals who are active or retired executive officers and senior executives, particularly those with experience in the finance and capital market industries.


In evaluating nominations to the board of directors, our board also looks for certain personal attributes, such as integrity, ability and willingness to apply sound and independent business judgment, comprehensive understanding of a director’s role in corporate governance, availability for meetings and consultation on Company matters, and the willingness to assume and carry out fiduciary responsibilities. Qualified candidates for membership on the board will be considered without regard to race, color, religion, sex, ancestry, national origin or disability.


Under the National Association of Securities Dealers Automated Quotations definition, an “independent director” means a person other than an officer or employee of the Company or its subsidiaries or any other individuals having a relationship that, in the opinion of the Company’s board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of the director. The board’s discretion in determining director independence is not completely unfettered. Further, under the NASDAQ definition, an independent director is a person who (1) is not currently (or whose immediate family members are not currently), and has not been over the past three years (or whose immediate family members have not been over the past three years), employed by the company; (2) has not (or whose immediate family members have not) been paid more than $120,000 during the current or past three fiscal years; (3) has not (or whose immediately family has not) been a partner in or controlling shareholder or executive officer of an organization which the company made, or from which the company received, payments in excess of the greater of $200,000 or 5% of


- 16 -



that organizations consolidated gross revenues, in any of the most recent three fiscal years; (4) has not (or whose immediate family members have not), over the past three years been employed as an executive officer of a company in which an executive officer of the Company has served on that company’s compensation committee; or (5) is not currently (or whose immediate family members are not currently), and has not been over the past three years (or whose immediate family members have not been over the past three years) a partner of our outside auditor.


At the present time, we have no independent directors.


Lack of Committees


We do not presently have a separately designated audit committee, compensation committee, nominating committee, executive committee or any other committees of our board of directors. As such, the sole director acts in those capacities. We believe that committees of the board are not necessary at this time given that we are in the exploration stage.


The term “Financial Expert” is defined under the Sarbanes-Oxley Act of 2002, as amended, as a person who has the following attributes: an understanding of generally accepted accounting principles and financial statements; has the ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves; experience preparing, auditing, analyzing or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the company’s financial statements, or experience actively supervising one or more persons engaged in such activities; an understanding of internal controls and procedures for financial reporting; and an understanding of audit committee functions.


Mr. Less does not qualify as an “audit committee financial expert.” We believe that the cost related to retaining such a financial expert at this time is prohibitive, given our current operating and financial condition. Further, because we are in the development stage of our business operations, we believe that the services of an audit committee financial expert are not necessary at this time.


The Company may in the future create an audit committee to consist of one or more independent directors. In the event an audit committee is established, of which there can be no assurances given, its first responsibility would be to adopt a written charter. Such charter would be expected to include, among other things:


·

being directly responsible for the appointment, compensation and oversight of our independent auditor, which shall report directly to the audit committee, including resolution of disagreements between management and the auditors regarding financial reporting for the purpose of preparing or issuing an audit report or related work;

·

annually reviewing and reassessing the adequacy of the committee’s formal charter;

·

reviewing the annual audited financial statements with our management and the independent auditors and the adequacy of our internal accounting controls;

·

reviewing analyses prepared by our management and independent auditors concerning significant financial reporting issues and judgments made in connection with the preparation of our financial statements;

·

reviewing the independence of the independent auditors;

·

reviewing our auditing and accounting principles and practices with the independent auditors and reviewing major changes to our auditing and accounting principles and practices as suggested by the independent auditor or its management;

·

reviewing all related party transactions on an ongoing basis for potential conflict of interest situations; and

·

all responsibilities given to the audit committee by virtue of the Sarbanes-Oxley Act of 2002, which was signed into law by President George W. Bush on July 30, 2002.


Risk Oversight

 

Enterprise risks are identified and prioritized by management and each prioritized risk is assigned to the board for oversight. These risks include, without limitation, the following:

 

·

Risks and exposures associated with strategic, financial and execution risks and other current matters that may present material risk to our operations, plans, prospects or reputation.

·

Risks and exposures associated with financial matters, particularly financial reporting, tax, accounting, disclosure, internal control over financial reporting, financial policies, investment guidelines and credit and liquidity matters.

·

Risks and exposures relating to corporate governance; and management and director succession planning.

·

Risks and exposures associated with leadership assessment, and compensation programs and arrangements, including incentive plans.


- 17 -



Section 16(a) Beneficial Ownership Reporting Compliance


Section 16(a) of the Exchange Act requires our executive officers and directors, and persons who own more than ten percent of our common stock to file reports of ownership and change in ownership with the Securities and Exchange Commission and the exchange on which the common stock is listed for trading. Executive officers, directors and more than ten percent stockholders are required by regulations promulgated under the Exchange Act to furnish us with copies of all Section 16(a) reports filed. Based solely on our review of copies of the Section 16(a) reports filed for the fiscal year ended December 31, 2015, we believe that our executive officers, directors and ten percent stockholders complied with all reporting requirements applicable to them.


EXECUTIVE COMPENSATION


The table below summarizes all compensation awards to, earned by, or paid to our named executive officer for all service rendered in all capacities to us for the fiscal years ended July 31, 2015 and 2014.


SUMMARY COMPENSATION TABLE


Name and Principal Position

 

Fiscal Year

 

Salary ($)

 

Bonus ($)

 

Stock Awards ($)

 

Option Awards ($)

 

Non-Equity Incentive Plan Compensation ($)

 

Nonqualified Deferred Compensation ($)

 

All Other Compensation ($)

 

Total ($)

Robert Federowicz

 

2015

 

118,462

 

5,000

 

 

 

 

 

 

123,462

CEO

 

2014

 

81,667

 

 

 

 

 

 

 

81,667


Mr. Chris Less replaced Robert Federowicz as interim sole director and officer effective December 31, 2015.


Outstanding Equity Awards at the End of the Fiscal Year


OUTSTANDING EQUITY AWARDS AT JULY 31, 2015


 

 

Option Awards

 

Stock Awards

Name

 

Number of Securities Underlying Unexercised Options (#) Exercisable

 

Number of Securities Underlying Unexercised Options (#) Unexercisable

 

Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)

 

Option Exercise Price ($)

 

Option Expiration Date

 

Number of Shares of Stock That Have Not Vested (#)

 

Market Value of Shares of Stock That Have Not Vested ($)

 

Equity Incentive Plan Awards: Number of Unearned Shares or Other Rights That Have Not Vested (#)

 

Equity Incentive Plan Awards: market or Payout Value of Unearned Shares or Other Rights That Have Not Vested ($)

Robert Federowicz

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cindy Morrissey

 

 

 

 

 

 

 

 

 


Stock Option Grants


We have not granted any stock options to our executive officers as of January 20, 2016.


Employment Agreements


Chris Less has a written employment agreement with the Company under which he is being paid $70,000 per year with quarterly bonuses of up to $7,500 for his services to the Company.


- 18 -



SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT


The following table sets forth certain information as of January 20, 2016, with respect to the beneficial ownership of shares of the Company’s common stock by (i) each person known to us who owns beneficially more than 5% of the outstanding shares of the Company’s common stock, (ii) each of our Directors, (iii) each of our Executive Officers, and (iv) all of our Executive Officers and Directors as a group. Unless otherwise indicated, each stockholder has sole voting and investment power with respect to the shares shown. As of January 20, 2016, there were 3,260,957 shares of the Company’s common stock issued and outstanding.


Name and Address of

Beneficial Owner (1)

 

Number of Shares of Capital Stock Beneficially Owned (1)

 

Percentage

Ownership (3)

 

 

Common Stock

Preferred Stock

 

Common Stock

Preferred Stock

Bloise International Corporation (2)

San Francisco, 65 East Street, House No. 35

Panama City

Republic of Panama

 

1,289,901

1,000,000

 

40%

100%

 

 

 

 

 

 

 

Chris Less

President, Secretary, Treasurer and Director

6671 South Las Vegas Boulevard, Suite 210

Las Vegas, Nevada 89119

 

-0-

-0-

 

-0-%

-0-%

 

 

 

 

 

 

 

All executive officers and directors as a group (one person)

 

-0-

-0-

 

-0-%

-0-%


(1)

Under Rule 13d-3 under the Exchange Act, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).  In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided.  In computing the percentage ownership of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.  As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on January 20, 2016.

 

 

(2)

The beneficial owner of Bloise Internation Corporation is Ilya Solodov. In addition to the 1,289,901 shares of common s tock owned, Bloise International Corporation also owns 1,000,000 shares of the Company’s Series E preferred stock. The outstanding shares of Series E preferred share have the right to take action by written consent or vote based on the number of votes equal to twice the number of votes of all outstanding shares of common stock. As a result, Bloise International Corporation has 2/3rds of the voting power of all shareholders at any time corporate action requires a vote of shareholders.

 

 

(3)

Our calculation of the percentage of beneficial ownership is based on 3,260,957 shares of common stock and 1,000,000 shares of Series E preferred stock outstanding as of January 20, 2016.


Changes in Control


The Company underwent a change in management on December 31, 2015, when Robert Federowicz resigned as sole director and officer of the Company. Chris Less was elected to serve as interim sole director, president, secretary and treasurer. There are currently no arrangements which would result in a change in control of the Company.


CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE


Transactions with Related Persons


On March 31, 2015, we issued a $330,349 convertible note to Bloise International Corporation (“Bloise”). In return, Bloise paid $330,349 of our outstanding accounts payable. The note matures on March 31, 2017, bears interest at 10% per year and is convertible into common shares at a rate of $0.40 per share. Bloise is owned by Ilya Solodov.


- 19 -



On June 1, 2015, Bloise elected to convert $330,349 of principal on the note into 825,872 shares of common stock.


On June 12, 2015, we issued 1,000,000 shares of Series E preferred stock to Bloise for a control transaction. We valued the shares issued at $140,000.


Director Independence


Quotations for the Company’s common stock are entered on the Over-the-Counter Bulletin Board inter-dealer quotation system and the OTC Markets, which does not have director independence requirements. For purposes of determining director independence, the Company applied the definitions set out in NASDAQ Rule 4200(a)(15). Under NASDAQ Rule 4200(a)(15), a director is not considered to be independent if he or she is also an executive officer or employee of the corporation. As a result, the Company does not have any independent directors. Our sole director, Chris Less, is also the Company’s principal executive officer.

 

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE


None


SELLING STOCKHOLDER


When we refer to “Selling Stockholder” in this prospectus, we mean those persons listed in the table below, and the pledgees, donees, permitted transferees, assignees, successors, and others who later come to hold any of the Selling Stockholder’s interests in shares of our common stock other than through a public sale.


The following table sets forth as of the date of this prospectus the name of each Selling Stockholder for whom we have registered shares of common stock for resale to the public and the number of shares of common stock that each Selling Stockholder may offer pursuant to this prospectus. Beneficial ownership is determined in accordance with SEC rules and includes voting or investment power with respect to the securities. The information set forth below is based on information known to us. The common stock being offered by the Selling Stockholder consists of a total of 590,000 shares of the common stock issuable upon conversion of the convertible promissory note which is convertible at $0.01 per share.


Beneficial ownership is determined in accordance with SEC rules and includes voting or investment power with respect to the securities. However, the convertible note provides that the Selling Stockholder may not convert if the conversion would cause a holder’s beneficial ownership of our common stock to exceed 4.9% of the outstanding shares of common stock. Therefore, although they are included in the table below, the number of shares of common stock for some listed persons may include shares that may not be purchased during a given 60-day period used for purpose of determining beneficial ownership.


Except for relationships noted in the Selling Stockholder table, none of the Selling Stockholder has, or within the past three years has had, any position, office or material relationship with us or any of our predecessors or affiliates.


Selling Stockholder

 

Shares beneficially owned prior to offering (2)

 

Percentage of outstanding shares beneficially owned before this offering (3)

 

Number of shares being registered/offered and sold in this offering

 

Number of shares beneficially owned post offering (4)

 

Percentage of outstanding shares beneficially owned post offering (5)

Vista View Ventures, Inc. (1)

 

154,900

 

4.75%

 

590,000

 

744,900

 

22%


(1)

Thomas Cloud is the natural person who exercises the sole voting and or dispositive powers with respect to the shares offered by the selling stockholder.

 

 

(2)

The numbers in the column reflect the total number of shares of common stock owned by Vista View Ventures, Inc. as of January 18, 2006. In addition to these shares, Vista View Ventures, Inc. holds various convertible promissory notes which are convertible into a total of 145,393,093 shares of common stock of the Company. All of the convertible promissory notes are subject to a conversion cap of 4.9% of the total outstanding. Therefore, the holder of the convertible note does not have the “right” to hold more than the amount of the cap as expressed by the Commission’s amicus curiae brief in the case of Mark Levy v. Southbrook International Investments, Ltd. (2nd Cir. Mar 31, 2001).


- 20 -



(3)

The numbers in the column reflect the total number of shares of the common stock owned by the Selling Stockholder as a percentage of the number of shares outstanding.

 

 

(4)

This column assumes all the shares being registered hereunder are sold. Therefore, because of the conversion cap, the amount beneficially owned by such person, in accordance with Rule 13d-3, is 4.9% less the number of shares being registered hereunder.

 

 

(5)

Based on 3,260,957 shares of common stock issued and outstanding as of January 20, 2016.


PLAN OF DISTRIBUTION


Each selling stockholder and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all of their shares of common stock on the over-the-counter market or any other stock exchange, market or trading facility on which the shares are traded, or in private transactions. These sales may be at fixed or negotiated prices. The distribution of the shares by the selling stockholder is not currently subject to any underwriting agreement. Each selling stockholder must use a broker-dealer which is registered in the state in which the selling stockholder seeks to sell their shares. A selling stockholder may use any one or more of the following methods when selling shares:


·

ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

 

·

block trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a portion of the block as principal to facilitate the transaction;

 

 

·

purchases by a broker- dealer as principal and resale by the broker-dealer for its account;

 

 

·

conducting business in places where business practices and customs are unfamiliar and unknown;

 

 

·

an exchange distribution in accordance with the rules of the applicable exchange;

 

 

·

privately negotiated transactions;

 

 

·

settlement of short sales entered into after the date of this prospectus;

 

 

·

broker-dealers may agree with the selling stockholder to sell a specified number of the shares at a stipulated price per share;

 

 

·

a combination of any of these methods of sale;

 

 

·

through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise; or

 

 

·

any other method permitted pursuant to applicable law.


The selling stockholder may, from time to time, pledge or grant a security interest in some or all of the shares of common stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock, from time to time, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending the list of selling stockholder to include the pledgee, transferee or other successors in interest as selling stockholder under this prospectus. The selling stockholder also may transfer the shares of common stock in other circumstances, in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.

 

In connection with the sale of our common stock or interests therein, the selling stockholder may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholder may also sell shares of our common stock short and deliver these securities to close out their short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholder may also enter into option or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).


- 21 -



The aggregate proceeds to the selling stockholder from the sale of the common stock offered by them will be the purchase price of the common stock less discounts or commissions, if any. Each of the selling stockholder reserves the right to accept and, together with their agents from time to time, to reject, in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of the proceeds from this offering.


The selling stockholder also may resell all or a portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act of 1933, provided that they meet the criteria and conform to the requirements of that rule.

 

The selling stockholder and any underwriters, broker-dealers or agents that participate in the sale of the common stock or interests therein may be “underwriters” within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the Securities Act. Selling stockholder will be subject to the prospectus delivery requirements of the Securities Act, unless an exemption therefrom is available.


To the extent required, the shares of our common stock to be sold, the names of the selling stockholder, the respective purchase prices and public offering prices, the names of any agents, dealer or underwriter, any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes this prospectus.


In order to comply with the securities laws of some states, if applicable, the common stock may be sold in these jurisdictions only through registered or licensed brokers or dealers. In addition, in some states the common stock may not be sold unless it has been registered or qualified for sale or an exemption from registration or qualification requirements is available and is complied with.

 

There can be no assurance that any selling shareholder will sell any or all of the shares of common stock registered pursuant to the shelf registration statement, of which this prospectus forms a part.


We have advised the selling stockholder that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholder and their affiliates. In addition, to the extent applicable we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling stockholder for the purpose of satisfying the prospectus delivery requirements of the Securities Act. The selling stockholder may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act.


We have agreed to indemnify the selling stockholder against liabilities, including liabilities under the Securities Act and state securities laws, relating to the registration of the shares offered by this prospectus.


We will pay all expenses of the registration of the shares of common stock pursuant to the registration rights agreement, including, without limitation, Securities and Exchange Commission filing fees and expenses of compliance with state securities or “blue sky” laws and the selling stockholder’ expenses; provided, however, that a selling shareholder will pay all underwriting discounts and selling commissions, if any.


We have agreed with the selling stockholder to keep the registration statement of which this prospectus constitutes a part effective until the earlier of (1) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement or (2) the date on which the shares may be sold pursuant to Rule 144 under the Securities Act without regard to any volume limitation requirements under Rule 144 of the Securities Act.


Penny Stock Rules


Broker-dealer practices in connection with transactions in penny stocks are regulated by certain penny stock rules adopted by the SEC. Penny stocks generally are equity securities with a price of less than US $5.00. Penny stock rules require a broker- dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each penny stock held in the customer’s account. In addition, the penny stock rules generally require that prior to a transaction in a penny stock, the broker-dealer make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the penny stock rules. Our shares may in the future be subject to such penny stock rules in which care our stockholders would, in all likelihood, as a result of the penny stock rules, find it difficult to sell their securities.


- 22 -



The Company has not engaged any FINRA member firms to participate in the distribution of securities, except to the extent that certain broker dealers described below shall be selling shareholders in connection with certain warrants and underlying shares of Common Stock received in their capacity as placement agents for earlier private offerings. Broker-dealers engaged by the selling stockholder may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling stockholder (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated. Each selling stockholder does not expect these commissions and discounts relating to its sales of shares to exceed what are customary in the types of transactions involved. The registration statement of which this prospectus forms a part includes the shares of common stock underlying the warrants held by these firms and certain associated persons listed below. The SEC has indicated that it is their position that any broker-dealer firm which is a selling stockholder is deemed an underwriter and therefore these firms may be deemed an underwriter with respect to the securities being sold by them.


We have advised the selling stockholder that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholder and its affiliates. In addition, we will make copies of this Prospectus available to the selling stockholder for the purpose of satisfying the Prospectus delivery requirements of the Securities Act.


In connection with the sale of our common stock or interests therein, the selling stockholder may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholder may also sell shares of our common stock short and deliver these securities to close out their short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities which require the delivery to these broker- dealers or other financial institutions of shares offered by this prospectus, which shares these broker-dealers or other financial institutions may resell pursuant to this prospectus (as supplemented or amended to reflect these transactions).


The selling stockholder and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within the meaning of the Securities Act in connection with these sales. In this event, any commissions received by these broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. Each selling stockholder has informed us that it does not have any agreement or understanding, directly or indirectly, with any person to distribute the common stock. In no event shall any broker-dealer receive fees, commissions and markups which, in the aggregate, would exceed seven percent (7%).


We are required to pay certain fees and expenses incurred by us incident to the registration of the shares. We have agreed to indemnify the selling stockholder against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.


The selling stockholder may agree to indemnify any agent, dealer or broker-dealer that participates in transactions involving sales of the shares against certain liabilities, including liabilities arising under the Securities Act.


Because selling stockholder may be deemed to be “underwriters” within the meaning of the Securities Act, it will be subject to the prospectus delivery requirements of the Securities Act. In addition, any securities covered by this prospectus which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this prospectus. There is no underwriter or coordinating broker acting in connection with the proposed sale of the shares by the selling stockholder.


Under applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the shares may not simultaneously engage in market making activities with respect to our common stock for a period of two business days prior to the commencement of the distribution. In addition, the selling stockholder will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of shares of our common stock by the selling stockholder or any other person. We will make copies of this prospectus available to the selling stockholder and have informed them of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale.


Regulation M


We have advised the each selling stockholder that while it is engaged in a distribution of the shares included in this prospectus it is required to comply with Regulation M promulgated under the Securities Exchange Act of 1934, as amended.


- 23 -



During such time as it may be engaged in a distribution of any of the shares we are registering by this registration statement, the selling stockholder is required to comply with Regulation M. In general, Regulation M precludes any selling security holder, any affiliated purchasers and any broker-dealer or other person who participates in a distribution from bidding for or purchasing, or attempting to induce any person to bid for or purchase, any security which is the subject of the distribution until the entire distribution is complete. Regulation M defines a “distribution” as an offering of securities that is distinguished from ordinary trading activities by the magnitude of the offering and the presence of special selling efforts and selling methods. Regulation M also defines a “distribution participant” as an underwriter, prospective underwriter, broker, dealer, or other person who has agreed to participate or who is participating in a distribution.


Regulation M under the Exchange Act prohibits, with certain exceptions, participants in a distribution from bidding for or purchasing, for an account in which the participant has a beneficial interest, any of the securities that are the subject of the distribution. Regulation M also governs bids and purchases made in order to stabilize the price of a security in connection with a distribution of the security. We have informed The selling stockholder that the anti-manipulation provisions of Regulation M may apply to the sales of their shares offered by this prospectus, and we have also advised The selling stockholder of the requirements for delivery of this prospectus in connection with any sales of the common stock offered by this prospectus.


DESCRIPTION OF SECURITIES


This prospectus includes 590,000 shares of our common stock offered by the selling stockholder. The following description of our common stock is only a summary. You should also refer to our certificate of incorporation and bylaws, which have been included as exhibits to the registration statement of which this prospectus forms a part.


Authorized and Outstanding Capital Stock


We have authorized capital stock currently consists of 500,000,000 shares of capital stock, of which 480,000,000 are shares of common stock, par value $0.001 per share, and 20,000,000 are shares of preferred stock, par value $0.001 per share.


As of January 20, 2016, we had 3,260,957 shares of common stock held of record by approximately 6 shareholders of record and 1,000,000 shares of Series E preferred stock outstanding.


Nevada Anti-Takeover Law and Charter and Bylaws Provisions


Nevada Revised Statutes sections 78.378 to 78.3793 provide state regulation over the acquisition of a controlling interest in certain Nevada corporations unless the articles of incorporation or bylaws of the corporation provide that the provisions of these sections do not apply.  The statute creates a number of restrictions on the ability of a person or entity to acquire control of a Nevada company by setting down certain rules of conduct and voting restrictions in any acquisition attempt, among other things. The statute is limited to corporations that are organized in the state of Nevada and that have 200 or more shareholders, at least 100 of whom are shareholders of record and residents of the State of Nevada; and do business in the State of Nevada directly or through an affiliated corporation. Because of these conditions, the statute does not apply to our Company.


Common Stock


The holders of our common stock are entitled to one vote per share. In addition, the holders of our common stock will be entitled to receive ratably dividends, if any, declared by our board of directors out of legally available funds; however, the current policy of our board of directors is to retain earnings, if any, for operations and growth. Upon liquidation, dissolution or winding up, the holders of our common stock are entitled to share ratably in all assets that are legally available for distribution. The holders of our common stock have no preemptive, subscription, redemption or conversion rights. The rights, preferences and privileges of holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of any series of preferred stock, which may be designated solely by action of our board of directors and issued in the future.

 

Preferred Stock


Our board of directors are authorized, subject to any limitations prescribed by law, without further vote or action by our stockholders, to issue from time to time shares of preferred stock in one or more series. Each series of preferred stock will have the number of shares, designations, preferences, voting powers, qualifications and special or relative rights or privileges as shall be determined by our board of directors, which may include, among others, dividend rights, voting rights, liquidation preferences, conversion rights and preemptive rights.


- 24 -



The issuance in the future of a newly designated class or series of preferred shares may have the effect of diluting the earnings per share and book value per share, as well as the stock ownership and voting rights, of the currently outstanding shares of our capital stock.  The effect on your common stock ownership depends on the terms of the designation of the preferred stock outstanding.


Series E Preferred Stock

 

So long as any shares of Series E preferred stock remain outstanding, the holders are entitled, voting separately as a single class, to vote double the number of all other voting share resulting in 2/3rds of all votes.  The Series E preferred shares have no other economic value. The shares are not convertible into any other class of securities, are not entitled to dividends and do not participate in distributions in liquidation.


Convertible Promissory Note


As of January 20, 2016, we had outstanding $269,815 principal amount and accrued interest of $26,168 of an unsecured convertible promissory note. The note is convertible at the holders’ option at any time into approximately 29,500,000 shares of our common stock at conversion rates of $0.01 per share. 590,000 shares of the common stock issuable upon conversion of the note are being registered by this prospectus. Conversion is limited to not more than 4.9% of the outstanding shares of common stock at any time.


Transfer Agent


Our transfer agent is Island Stock Transfer, 15500 Roosevelt Blvd., Suite 301, Clearwater, FL 33760.


OTC Market Group, Inc.’s OTCQB tier Quotation


Our common stock is quoted on the OTC Market Group, Inc.’s OTCQB tier under the trading symbol “ASCC.”


Warrants


As of the date of this prospectus we have no outstanding warrants.


Dividends


We have never declared or paid any cash dividends on shares of our capital stock. We currently intend to retain earnings, if any, to fund the development and growth of our business and do not anticipate paying cash dividends in the foreseeable future. Our payment of any future dividends will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, cash needs and growth plans.


INDEMNIFICATION FOR SECURITIES ACT LIABILITIES


Our Articles of Incorporation provide that it will indemnify its officers and directors to the full extent permitted by Nevada state law. Our bylaws provide that we will indemnify and hold harmless our officers and directors for any liability including reasonable costs of defense arising out of any act or omission taken on our behalf, to the full extent allowed by Nevada law, if the officer or director acted in good faith and in a manner the officer or director reasonably believed to be in, or not opposed to, the best interests of the corporation.


Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act” or “Securities Act”) may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC, such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.


LEGAL MATTERS


The validity of the common stock offered by this prospectus will be passed upon for us by Sonfield & Sonfield, Houston, Texas.


- 25 -



EXPERTS


The consolidated financial statements of our company included in this prospectus and in the registration statement have been audited by MaloneBailey, LLP, an independent registered public accountant, to the extent and for the periods set forth in their report appearing elsewhere herein and in the registration statement, and are included in reliance on such report, given the authority of said firm as an expert in auditing and accounting.


The consolidated financial statements of our company included in this prospectus and in the registration statement have been audited by GBH CPAs, PC, an independent registered public accounting firm, to the extent and for the periods set forth in their report appearing elsewhere herein and in the registration statement, and are included in reliance on such report, given the authority of said firm as an expert in auditing and accounting.


INTERESTS OF NAMED EXPERTS AND COUNSEL


No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, a substantial interest, direct or indirect, in the registrant or any of its parents or subsidiaries. Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee.


WHERE YOU CAN FIND MORE INFORMATION


We filed with the Securities and Exchange Commission a registration statement under the Securities Act for the common stock in this offering. This prospectus does not contain all of the information in the registration statement and the exhibits and schedule that were filed with the registration statement. For further information with respect to us and our common stock, we refer you to the registration statement and the exhibits and schedule that were filed with the registration statement. Statements contained in this prospectus about the contents of any contract or any other document that is filed as an exhibit to the registration statement are not necessarily complete, and we refer you to the full text of the contract or other document filed as an exhibit to the registration statement. A copy of the registration statement and the exhibits and schedules that were filed with the registration statement may be inspected without charge at the Public Reference Room maintained by the Securities and Exchange Commission at 100 F Street, N.E. Washington, DC 20549, and copies of all or any part of the registration statement may be obtained from the Securities and Exchange Commission upon payment of the prescribed fee. Information regarding the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-800-SEC-0330. The Securities and Exchange Commission maintains a website that contains reports, proxy and information statements, and other information regarding registrants that file electronically with the SEC. The address of the website is www.sec.gov.


We file periodic reports under the Exchange Act, including annual, quarterly and special reports, and other information with the Securities and Exchange Commission. These periodic reports and other information are available for inspection and copying at the regional offices, public reference facilities and website of the Securities and Exchange Commission referred to above.


DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES

 

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.


- 26 -



INDEX TO FINANCIAL STATEMENTS


Consolidated Financial Statements as of and for the three months ended October 31, 2015

 

 

 

 

 

Consolidated Balance Sheets as of October 31, 2015 and July 31, 2015 (unaudited)

 

F-2

 

 

 

Consolidated Statements of Operations for the three months ended October 31, 2015 and 2014 (unaudited)

 

F-3

 

 

 

Consolidated Statement of Changes in Stockholders’ deficit for the three months ended October 31, 2015 (unaudited)

 

F-4

 

 

 

Consolidated Statements of Cash Flows for the three months ended October 31, 2015 (unaudited)

 

F-5

 

 

 

Notes to the Consolidated Financial Statements - October 31, 2015

 

F-6

 

 

 

Consolidated Financial Statements as of and for the years ended July 31, 2015 and 2014

 

 

 

 

 

Reports of Independent Registered Public Accounting Firms

 

F-10

 

 

 

Consolidated Balance Sheets as of July 31, 2015 and July 31, 2014

 

F-12

 

 

 

Consolidated Statements of Operations for the years ended July 31, 2015 and 2014

 

F-13

 

 

 

Consolidated Statement of Changes in Stockholders’ deficit for the years ended July 31, 2015 and 2014

 

F-14

 

 

 

Consolidated Statements of Cash Flows for the years ended July 31, 2015 and 2014

 

F-15

 

 

 

Notes to the Consolidated Financial Statements - July 31, 2015

 

F-16


F-1



ITEM 1. FINANCIAL STATEMENTS


ARISTOCRAT GROUP CORP.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)


 

 

October 31, 2015

 

July 31, 2015

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

8,816

 

$

7,411

 

Accounts receivable

 

 

2,224

 

 

8,585

 

Prepaid expenses

 

 

48,853

 

 

37,103

 

Inventory

 

 

53,258

 

 

10,365

 

Total current assets

 

 

113,151

 

 

63,464

 

 

 

 

 

 

 

 

 

Fixed assets net of accumulated depreciation of $1,929 and $1,520, respectively

 

 

6,206

 

 

6,615

 

Security deposits

 

 

1,367

 

 

1,367

 

TOTAL ASSETS

 

$

120,724

 

$

71,446

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

108,044

 

$

210,793

 

Advances payable

 

 

18,385

 

 

 

Current portion of convertible notes payable, net of discount of $587,765 and $512,883, respectively

 

 

666,197

 

 

409,518

 

Current portion of accrued interest payable

 

 

129,063

 

 

85,275

 

Total current liabilities

 

 

921,689

 

 

705,586

 

 

 

 

 

 

 

 

 

Convertible notes payable, net of discount of $1,287,519 and $1,093,340, respectively

 

 

44,991

 

 

49,609

 

Accrued interest payable

 

 

40,539

 

 

44,886

 

Accrued interest payable to related party

 

 

 

 

5,611

 

TOTAL LIABILITIES

 

 

1,007,219

 

 

805,692

 

 

 

 

 

 

 

 

 

COMMITMENTS AND CONTINGENCIES

 

 

 

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

Common Stock, $0.001 par value; 480,000,000 shares authorized; 2,655,557 and 2,010,628 shares issued and outstanding at October 31, 2015 and July 31, 2015, respectively

 

 

2,656

 

 

2,011

 

Preferred Stock, $0.001 stated value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at October 31, 2015 and July 31, 2015

 

 

1,000

 

 

1,000

 

Additional paid-in capital

 

 

3,921,231

 

 

3,382,525

 

Accumulated deficit

 

 

(4,811,382

)

 

(4,119,782

)

Total stockholders’ deficit

 

 

(886,495

)

 

(734,246

)

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

$

120,724

 

$

71,446

 


The accompanying notes are an integral part of these unaudited financial statements.


F-2



ARISTOCRAT GROUP CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)


 

Three months ended
October 31,

 

 

2015

 

2014

 

 

 

 

 

 

REVENUE

$

14,301

 

$

24,840

 

COST OF GOODS SOLD

 

11,285

 

 

17,681

 

GROSS PROFIT

 

3,016

 

 

7,159

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

Sales and marketing expenses

 

122,232

 

 

127,291

 

General and administrative expenses

 

268,264

 

 

213,145

 

Total operating expenses

 

390,496

 

 

340,436

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

(387,480

)

 

(333,277

)

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

Interest expense

 

(304,120

)

 

(74,269

)

 

 

 

 

 

 

 

NET LOSS

$

(691,600

)

$

(407,546

)

 

 

 

 

 

 

 

NET LOSS PER COMMON SHARE – Basic and diluted

$

(0.30

)

$

(0.52

)

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – Basic and diluted

 

2,281,571

 

 

780,418

 


The accompanying notes are an integral part of these unaudited financial statements.


F-3



ARISTOCRAT GROUP CORP.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT

(UNAUDITED)


 

 

Common Stock

 

Series E
Preferred Stock

 

Additional
Paid In

 

Accumulated

 

 

 

 

 

Shares

 

Amount

 

Shares

 

Amount

 

Capital

 

Deficit

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE,
July 31, 2015

 

2,010,628

 

$

2,011

 

1,000,000

 

$

1,000

 

$

3,382,525

 

$

(4,119,782

)

$

(734,246

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock issued for conversion of debt

 

630,900

 

 

631

 

 

 

 

 

11,987

 

 

 

 

12,618

 

Common stock issued for conversion of related party debt

 

14,029

 

 

14

 

 

 

 

 

5,597

 

 

 

 

5,611

 

Discount on issuance of convertible note payable

 

 

 

 

 

 

 

 

521,122

 

 

 

 

521,122

 

Net Loss

 

 

 

 

 

 

 

 

 

 

(691,600

)

 

(691,600

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE,
October 31, 2015

 

2,655,557

 

$

2,656

 

1,000,000

 

$

1,000

 

$

3,921,231

 

$

(4,811,382

)

$

(886,495

)


The accompanying notes are an integral part of these unaudited financial statements.


F-4



ARISTOCRAT GROUP CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)


 

 

Three months ended October 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

CASH FLOW FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

Net loss

 

$

(691,600

)

$

(407,546

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

Amortization of discount on convertible note payable

 

 

252,061

 

 

48,395

 

Depreciation

 

 

409

 

 

249

 

 

 

 

 

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

Accounts receivable and accrued revenue

 

 

6,361

 

 

(9,468

)

Inventory

 

 

(42,893

)

 

(79,130

)

Prepaid expenses

 

 

(11,750

)

 

51,698

 

Accounts payable and accrued liabilities

 

 

(102,749

)

 

45,513

 

Accrued interest payable

 

 

52,059

 

 

25,873

 

NET CASH USED IN OPERATING ACTIVITIES

 

 

(538,102

)

 

(324,416

)

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

Purchase of fixed assets

 

 

 

 

(8,135

)

NET CASH USED IN INVESTING ACTIVITIES

 

 

 

 

(8,135

)

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

Proceeds from advances

 

 

539,507

 

 

331,561

 

NET CASH PROVIDED BY FINANCING ACTIVITIES

 

 

539,507

 

 

331,561

 

 

 

 

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

 

 

1,405

 

 

(990

)

 

 

 

 

 

 

 

 

CASH, at the beginning of the period

 

 

7,411

 

 

13,103

 

 

 

 

 

 

 

 

 

CASH, at the end of the period

 

$

8,816

 

$

12,113

 

 

 

 

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

 

 

 

Interest

 

$

 

$

 

Taxes

 

$

 

$

 

 

 

 

 

 

 

 

 

Noncash investing and financing transaction:

 

 

 

 

 

 

 

Refinance of advances into convertible notes payable

 

$

521,122

 

$

331,561

 

Noncurrent convertible notes payable reclassified to current convertible notes payable

 

$

331,561

 

$

 

Beneficial conversion discount on convertible note payable

 

$

521,122

 

$

331,561

 

Conversion of convertible notes payable into common stock

 

$

12,618

 

$

 

Conversion of convertible note payable to related party into common stock

 

$

5,611

 

$

 


The accompanying notes are an integral part of these unaudited financial statements.


F-5



ARISTOCRAT GROUP CORP.

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

OCTOBER 31, 2015


Note 1. General Organization and Business


Aristocrat Group Corp., a Nevada corporation, was incorporated on July 20, 2011. Our year-end is July 31.


On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.


Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”).


Note 2. Going Concern


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the three months ended October 31, 2015, the Company had a net loss of $691,600 and negative cash flow from operating activities of $538,102. As of October 31, 2015, the Company had negative working capital of $808,538. Management does not anticipate having positive cash flow from operations in the near future.


These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.


The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or implement its business plan. Without additional capital, the Company will not be able to remain in business.


Management has plans to address the Company’s financial situation as follows:


In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.


In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.


F-6



Note 3. Summary of Significant Accounting Policies


Interim Financial Statements


The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended July 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).


The results of operations for the three-month period ended October 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2016.


Use of Estimates


The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.


Inventory


Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.


Significant Concentrations


During the three months ended October 31, 2015, two customers generated 44% and 9% of our revenue. As of October 31, 2015, those two customers represented 4% and 0% of our accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.


All of the Company’s inventory was manufactured by a single supplier during the three months ended October 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company’s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company’s product, there are alternative suppliers for its product at a competitive price.


Note 4. Related Party Transaction


On September 1, 2015, Bloise International Corporation, a significant shareholder of the Company, converted $5,611 of accrued interest on a convertible note into 14,029 shares of our common stock.


Note 5. Advances


During the three months ended October 31, 2015 and 2014, the Company received net, non-interest bearing advances totaling $539,507 and $331,561, respectively. Vista View Ventures, Inc. provided $521,122 and $331,561 of these advances for the three months ended October 31, 2015 and 2014, respectively. These advances are not collateralized, non-interest bearing and are due on demand. The advances were paid from Vista View Ventures Inc. to KM Delaney and Assoc. (See Note 8.) (“KMDA”) and then by KMDA to the Company on behalf of Vista View Ventures Inc. These advances are typically converted to convertible notes payable on a quarterly basis as discussed below. As of October 31, 2015 and July 31, 2015, advances in the amount of $18,385 and $0, respectively, are due under advances from third parties and are included in current liabilities on the consolidated balance sheets.


F-7



Note 6. Convertible Notes Payable


Convertible notes payable due to Vista View Ventures Inc. consisted of the following at October 31, 2015 and July 31, 2015:


 

 

October 31, 2015

 

July 31, 2015

 

 

 

 

 

 

 

Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share

 

 

320,342

 

 

320,342

 

Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

83,265

 

 

83,265

 

Convertible note in the original principal amount of $117,719, issued January 31, 2014 and due January 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

117,719

 

 

117,719

 

Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

401,075

 

 

401,075

 

Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

331,561

 

 

331,561

 

Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share

 

 

269,815

 

 

269,815

 

Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share

 

 

266,112

 

 

266,112

 

Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.

 

 

275,461

 

 

275,461

 

Convertible note in the original principal amount of $521,122, issued October 31, 2015 and due October 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.45 per share.

 

 

521,122

 

 

 

Total convertible notes payable

 

 

2,586,472

 

 

2,065,350

 

 

 

 

 

 

 

 

 

Less: current portion of convertible notes payable

 

 

(1,253,962

)

 

(922,401

)

Less: discount on noncurrent convertible notes payable

 

 

(1,287,519

)

 

(1,093,340

)

Long-term convertible notes payable, net of discount

 

$

44,991

 

$

49,609

 

 

 

 

 

 

 

 

 

Current portion of convertible notes payable

 

 

1,253,962

 

 

922,401

 

Less: discount on current convertible notes payable

 

 

(587,765

)

 

(512,883

)

Current convertible notes payable, net of discount

 

$

666,197

 

$

409,518

 


All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.


Convertible notes issued


During the three months ended October 31, 2015, the Company signed convertible promissory notes that refinance non-interest bearing advances into convertible notes payable. The convertible promissory notes bear interest at 10% per annum and are payable along with accrued interest. The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.


Date Issued

 

Maturity Date

 

Interest
Rate

 

Conversion Rate

 

Amount of Note

 

October 31, 2015

 

October 31, 2018

 

10

%

 

$

0.45

 

$

521,122

 

 

 

 

 

 

 

 

 

 

 

$

521,122

 


F-8



The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion feature of $521,122 on October 31, 2015. The discount is amortized over the life of the notes using the effective interest method. The discount is amortized at an effective interest rate of 191.56%. The beneficial conversion feature was recorded as increase to additional paid-in capital and a discount to the convertible note.


The Company amortized $252,061 and $48,395 of the discount on the convertible notes payable to interest expense during the three months ended October 31, 2015 and 2014.


Conversions into Common Stock


During three months ended October 31, 2015, the holder of our convertible promissory note dated October 31, 2013, elected to convert $12,618 of accrued interest into 630,900 shares of common stock at a rate of $0.02 per share.


During three months ended October 31, 2015, Bloise International, elected to convert $5,611 of accrued interest into 14,029 shares of common stock at a rate of $0.40 per share.


Note 7. Stockholders’ Equity


Conversion of shares


During three months ended October 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:


Date

 

Amount Converted

 

Number of Shares Issued

August 14, 2015

 

$

840

 

42,000

August 24, 2015

 

 

1,770

 

88,500

September 1, 2015

 

 

5,611

 

14,029

September 2, 2015

 

 

420

 

21,000

September 11, 2015

 

 

1,780

 

89,000

September 24, 2015

 

 

2,700

 

135,000

October 8, 2015

 

 

690

 

34,500

October 16, 2015

 

 

4,418

 

220,900

Total

 

$

18,229

 

644,929


Note 8. Commitments


During the three months ended October 31, 2015 and 2014, KMDA has provided office space and certain administrative functions to the Company. The services provided include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As a part of the services provided to the Company, KMDA receives the advances from the lender (See Note 5.) and disburses those funds to the Company. During the three months ending October 31, 2015 and 2014, KMDA billed the Company $47,626 and $31,791, respectively, for those services. At October 31, 2015, no amounts were owed for these services.


We rent office space in Las Vegas, Nevada; Houston, Texas and Vancouver, British Columbia. We also rent warehouse space in Houston, Texas. All leases are short-term with expiration dates of one year or less from the origination date.


Note 9. Subsequent Events


On November 16, 2015, the holders of the convertible promissory note dated October 31, 2013, converted $3,560 of accrued interest into 178,000 share of our common stock.


On December 22, 2015, the holders of our convertible note dated October 31, 2013 converted $4,140 of accrued interest into 207,000 shares of common stock.


On January 7, 2016, the holders of our convertible note dated October 31, 2013 converted $1,310 of accrued interest into 65,500 shares of common stock.


On January 18, 2016, the holders of our convertible note dated October 31, 2013 converted $3,098 of accrued interest into 154,900 shares of common stock.


F-9



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and Stockholders of

Aristocrat Group Corp

Las Vegas, Nevada


We have audited the accompanying consolidated balance sheet of Aristocrat Group Corp and its subsidiaries (collectively the “Company”) as of July 31, 2015, and the related consolidated statements of income, stockholders’ equity (deficit), and cash flows for the year then ended. The Company’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audit.


We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Aristocrat Group Corp and their subsidiaries as of July 31, 2015, and the results of their consolidated operations and their cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.


The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company suffered losses from operations and has negative operating cash flows, which raises substantial doubt about its ability to continue as a going concern. Management’s plans regarding those matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


MALONEBAILEY, LLP

www.malone-bailey.com

Houston, Texas


November 16, 2015


F-10



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and

Stockholders of Aristocrat Group Corp.

Miramar Beach, Florida


We have audited the accompanying consolidated balance sheet of Aristocrat Group Corp. as of July 31, 2014, and the related consolidated statements of operations, changes in stockholders’ deficit, and cash flows for the year then ended. These consolidated financial statements are the responsibility of Aristocrat Group Corp.’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.


We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.


In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Aristocrat Group Corp., as of July 31, 2014, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.


/s/ GBH CPAs, PC


GBH CPAs, PC

www.gbhcpas.com

Houston, Texas

November 13, 2014


F-11



ARISTOCRAT GROUP CORP.

CONSOLIDATED BALANCE SHEETS


 

 

July 31, 2015

 

July 31, 2014

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

7,411

 

$

13,103

 

Accounts receivable

 

 

8,585

 

 

7,770

 

Prepaid expenses

 

 

37,103

 

 

57,168

 

Inventory

 

 

10,365

 

 

14,906

 

Total current assets

 

 

63,464

 

 

92,947

 

 

 

 

 

 

 

 

 

Fixed assets net of accumulated depreciation of $1,520 and $0, respectively

 

 

6,615

 

 

 

Security Deposits

 

 

1,367

 

 

1,367

 

TOTAL ASSETS

 

$

71,446

 

$

94,314

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

210,793

 

$

307,084

 

Current portion of convertible notes payable, net of discount of $512,883 and $0, respectively

 

 

409,518

 

 

 

Current portion of accrued interest payable

 

 

85,275

 

 

 

Total current liabilities

 

 

705,586

 

 

307,084

 

 

 

 

 

 

 

 

 

Convertible notes payable, net of discount of $1,093,340 and $955,723, respectively.

 

 

49,609

 

 

70,751

 

Accrued interest payable

 

 

44,886

 

 

12,196

 

Accrued interest payable to related party

 

 

5,611

 

 

 

TOTAL LIABILITIES

 

 

805,692

 

 

390,031

 

 

 

 

 

 

 

 

 

COMMITMENTS AND CONTINGENCIES

 

 

 

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY (DEFICIT)

 

 

 

 

 

 

 

Common Stock, $0.0010 par value; 480,000,000 and 480,000,000 shares authorized; 2,010,628 and  780,418 shares issued and outstanding at July 31, 2015 and July 31, 2014, respectively

 

 

2,011

 

 

780

 

Series E Preferred Stock, $0.0010 stated value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at July 31, 2015 and July 31, 2014, respectively

 

 

1,000

 

 

 

Additional paid-in capital

 

 

3,382,525

 

 

1,644,609

 

Accumulated deficit

 

 

(4,119,782

)

 

(1,941,106

)

Total stockholders’ equity (deficit)

 

 

(734,246

)

 

(295,717

)

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

$

71,446

 

$

94,314

 


On April 17, 2015, we effected a one-for-100 reverse stock split. All share and per share amounts have been restated.


The accompany notes are an integral part of these consolidated financial statements.


F-12



ARISTOCRAT GROUP CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS


 

Year ended
July 31,

 

 

2015

 

2014

 

 

 

 

 

 

REVENUE

$

114,433

 

$

26,539

 

COST OF GOODS SOLD

 

94,210

 

 

25,334

 

 

 

 

 

 

 

 

GROSS PROFIT

 

20,223

 

 

1,205

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

Sales and marketing expenses

 

480,612

 

 

382,165

 

General and administrative expenses

 

1,079,373

 

 

626,125

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

(1,539,762

)

 

(1,007,085

)

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

Interest expense

 

(638,914

)

 

(365,275

)

 

 

 

 

 

 

 

NET LOSS

$

(2,178,676

)

$

(1,372,360

)

 

 

 

 

 

 

 

NET LOSS PER COMMON SHARE – Basic and fully diluted

$

(2.20

)

$

(2.12

)

 

 

 

 

 

 

 

COMMON SHARES OUTSTANDING Basic and fully diluted

 

988,456

 

 

647,245

 


On April 17, 2015, we effected a one-for-100 reverse stock split. All share and per share amounts have been restated.


The accompany notes are an integral part of these consolidated financial statements.


F-13



ARISTOCRAT GROUP CORP.

CONSOLIDATED STATEMENT OF CHANGE IN STOCKHOLDERS’ EQUITY (DEFICIT)


 

 

Common Stock

 

Series E
Preferred Stock

 

Additional
Paid In

 

Accumulated

 

 

 

 

 

Shares

 

Amount

 

Shares

 

Amount

 

Capital

 

Deficit

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, July 31, 2013

 

622,500

 

$

622

 

 

$

 

 

209,953

 

$

(568,746

)

$

(358,171

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares issued for conversion of notes

 

157,918

 

 

158

 

 

 

 

 

315,677

 

 

 

 

315,835

 

Discount on issuance of convertible notes

 

 

 

 

 

 

 

 

1,118,979

 

 

 

 

1,118,979

 

Net loss

 

 

 

 

 

 

 

 

 

 

(1,372,360

)

 

(1,372,360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, July 31, 2014

 

780,418

 

$

780

 

 

$

 

 

1,644,609

 

$

(1,941,106

)

$

(295,717

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares issued for conversion of notes

 

402,450

 

 

403

 

 

 

 

 

126,446

 

 

 

 

126,849

 

Common shares issued for conversion of notes to related party

 

825,872

 

 

826

 

 

 

 

 

329,523

 

 

 

 

330,349

 

Discount on issuance of convertible notes

 

 

 

 

 

 

 

 

1,142,949

 

 

 

 

1,142,949

 

Preferred shares issued for control transaction

 

 

 

 

1,000,000

 

 

1,000

 

 

139,000

 

 

 

 

140,000

 

Share rounding on reverse split

 

1,888

 

 

2

 

 

 

 

 

(2)

 

 

 

 

 

Net Loss

 

 

 

 

 

 

 

 

 

 

(2,178,676

)

 

(2,178,676

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, July 31, 2015

 

2,010,628

 

$

2,011

 

1,000,000

 

$

1,000

 

$

3,382,525

 

$

(4,119,782

)

$

(734,246

)


On April 17, 2015, we effected a one-for-100 reverse stock split. All share and per share amounts have been restated.


The accompany notes are an integral part of these consolidated financial statements.


F-14



ARISTOCRAT GROUP CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS


 

 

Year ended July 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

CASH FLOW FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

Net loss

 

$

(2,178,676

)

$

(1,372,360

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

Amortization of discount on convertible note payable

 

 

492,449

 

 

302,409

 

Depreciation & amortization

 

 

1,520

 

 

 

Preferred stock issued for control transaction

 

 

140,000

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

Accounts receivable

 

 

(815

)

 

(7,770

)

Inventory

 

 

4,541

 

 

(14,906

)

Prepaid expenses

 

 

20,065

 

 

31,441

 

Accounts payable and accrued liabilities

 

 

233,945

 

 

204,210

 

Accrued interest payable

 

 

140,854

 

 

62,867

 

Accrued interest payable to related party

 

 

5,611

 

 

 

NET CASH USED IN OPERATING ACTIVITIES

 

 

(1,140,506

)

 

(794,109

)

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

Purchase of fixed assets

 

 

(8,135

)

 

 

NET CASH USED IN INVESTING ACTIVITIES

 

 

(8,135

)

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

Proceeds from advances

 

 

1,142,949

 

 

602,059

 

NET CASH PROVIDED BY FINANCING ACTIVITIES

 

 

1,142,949

 

 

602,059

 

 

 

 

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

 

 

(5,692

)

 

(192,050

)

 

 

 

 

 

 

 

 

CASH, at the beginning of the period

 

 

13,103

 

 

205,153

 

 

 

 

 

 

 

 

 

CASH, at the end of the period

 

$

7,411

 

$

13,103

 

 

 

 

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

 

 

 

Interest

 

$

 

$

 

Taxes

 

$

 

$

 

 

 

 

 

 

 

 

 

Noncash investing and financing transaction:

 

 

 

 

 

 

 

Refinancing of advances into convertible notes payable

 

$

1,142,949

 

$

1,118,979

 

Beneficial conversion on convertible note payable

 

$

1,142,949

 

$

1,118,979

 

Conversion of convertible notes payable

 

$

126,849

 

$

315,835

 

Conversion of convertible notes payable to related party

 

$

330,349

 

$

 

Convertible note issued for reduction in accounts payable

 

$

330,349

 

$

 


The accompany notes are an integral part of these consolidated financial statements.


F-15



ARISTOCRAT GROUP CORP.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2015


Note 1. General Organization and Business


Overview


Aristocrat Group Corp. was incorporated on July 20, 2011 in Florida.


On April 1, 2015, the Company reincorporated from Florida to Nevada. The Company’s board of directors and majority shareholder consented to the reincorporation. Each of our shareholders on the record date received one share of the Nevada company’s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder received at least five shares. The Nevada company is authorized to issue 480 million shares of common stock and 20 million shares of preferred stock, each with a par value of $0.001 per share. The board of directors and officers of the Nevada company consists of the same persons who are currently directors and officers


On February 3, 2015, our board of directors adopted the 2015 Omnibus Equity Incentive Plan.


On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.


Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”).


Our fiscal year end is July 31.


Note 2. Going Concern


For the year ended July 31, 2015, the Company had a net loss of $2,178,676 and negative cash flow from operating activities of $1,140,506. As of July 31, 2015, the Company had negative working capital of $642,122. Management does not anticipate having positive cash flow from operations in the near future.


These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.


The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.


Management has plans to address the Company’s financial situation as follows:


In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.


In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.


F-16



Note 3. Summary of Significant Accounting Policies


The significant accounting policies that the Company follows are:


Basis of Presentation


The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).


Principles of Consolidation


The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the “Company”). All material intercompany accounts and transactions are eliminated in consolidation.


Use of Estimates


The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.


Reclassifications


Certain prior period amounts have been reclassified to conform with the current period presentation.


Cash and Cash Equivalents


For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $7,411 and $13,103 at July 31, 2015 and July 31, 2014, respectively.


Accounts Receivable


Pursuant to FASB ASC paragraph 310-10-35-47 trade receivables that management has the intent and ability to hold for the foreseeable future shall be reported in the balance sheet at outstanding principal adjusted for any charge-offs and the allowance for doubtful accounts. The Company follows FASB ASC paragraphs 310-10-35-7 through 310-10-35-10 to estimate the allowance for doubtful accounts. Pursuant to FASB ASC paragraph 310-10-35-9, losses from uncollectible receivables shall be accrued when both of the following conditions are met: (a) Information available before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25) indicates that it is probable that an asset has been impaired at the date of the financial statements, and (b) The amount of the loss can be reasonably estimated. Those conditions may be considered in relation to individual receivables or in relation to groups of similar types of receivables. If the conditions are met, accrual shall be made even though the particular receivables that are uncollectible may not be identifiable. The Company reviews individually each trade receivable for collectability and performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience, customer specific facts and general economic conditions that may affect a client’s ability to pay. Bad debt expense is included in general and administrative expenses, if any.


Pursuant to FASB ASC paragraph 310-10-35-41 Credit losses for trade receivables (uncollectible trade receivables), which may be for all or part of a particular trade receivable, shall be deducted from the allowance. The related trade receivable balance shall be charged off in the period in which the trade receivables are deemed uncollectible. Recoveries of trade receivables previously charged off shall be recorded when received. The Company charges off its trade account receivables against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.


As of July 31, 2015 and 2014, the Company had no allowance for bad debt.


F-17



Inventory


Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.


Fixed Assets


Our fixed assets include a trailer which was acquired during the year ended July 31, 2015. We depreciate the trailer over a five-year life using the straight-line depreciation method. During the year ended July 31, 2015, we recognized depreciation expense of $1,520.


Impairment of Long-Lived Assets


Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. During the years ended July 31, 2015 and 2014, the Company has not recognized any impairment loss.


Revenue Recognition


The Company follows ASC 605, Revenue Recognition recognizing revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.


Sales of RWB Vodka are recognized when the product has been delivered to the purchaser.


Income Taxes


The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of at July 31, 2015 or July 31, 2014.


Earnings (Loss) per Common Share


The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, Earnings per Share. The basic earnings (loss) per common share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.


In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company’s convertible debt is considered anti-dilutive due to the Company’s net loss for the year ended July 31, 2015 and 2014. As a result, the Company did not have any potentially dilutive common shares for those periods. For the three months ended July 31, 2015 and 2014, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2015, the Company had 148,683,079 potentially issuable shares upon the conversion of convertible notes payable and interest.


Related Parties


The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.


F-18



Financial Instruments


The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.


FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:


 

Level 1 -

Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

 

 

 

 

Level 2 -

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

 

 

 

Level 3 -

Inputs that are both significant to the fair value measurement and unobservable.


Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.


Significant Concentrations


During the year ended July 31, 2015, two customers generated 53% and 10% of our revenue. During the year ended July 31, 2014, those same customers generated 0% and 100% of our revenue. As of July 31, 2015, those two customers represented 95% and 0% of accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.


All of the Company’s inventory was manufactured by a single supplier during the year ended July 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company’s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company’s product, there are alternative suppliers for its product at a competitive price.


Recently Issued Accounting Pronouncements


There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company’s consolidated financial position, operations or cash flows.


Note 4. Advances


During the years ended July 31, 2015 and 2014, the Company received net, non-interest bearing advances from Vista View Ventures Inc. totaling $1,142,949 and $602,059, respectively. No amounts were due under these advances as of July 31, 2015 and July 31, 2014. These advances are not collateralized, non-interest bearing and are due on demand. The advances were paid from Vista View Ventures, Inc. to KM Delaney and Assoc. (See Note 9) (“KMDA”) and then by KMDA to the Company on behalf of Vista View Ventures, Inc. These advances are typically converted to convertible notes payable on a quarterly basis as discussed below.


Note 5. Convertible Notes Payable


Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31, 2015 and July 31, 2014:


F-19



 

 

July 31, 2015

 

July 31, 2014

 

 

 

 

 

 

 

Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share

 

$

320,342

 

$

424,415

 

Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

83,265

 

 

83,265

 

Convertible note in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

117,719

 

 

117,719

 

Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

401,075

 

 

401,075

 

Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share

 

 

331,561

 

 

 

Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share

 

 

269,815

 

 

 

Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share

 

 

266,112

 

 

 

Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.

 

 

275,461

 

 

 

Total convertible notes payable

 

 

2,065,350

 

 

1,026,474

 

 

 

 

 

 

 

 

 

Less: current portion of convertible notes payable

 

 

(922,401

)

 

 

Less: discount on noncurrent convertible notes payable

 

 

(1,093,340

)

 

(955,723

)

Long-term convertible notes payable, net of discount

 

$

49,609

 

$

70,751

 

 

 

 

 

 

 

 

 

Current portion of convertible notes payable

 

 

922,401

 

 

 

Less: discount on current convertible notes payable

 

 

(512,883

)

 

 

Long-term convertible notes payable, net of discount

 

$

409,518

 

$

 


All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.


In connection with the one-for-100 reverse common stock split on April 17, 2015, the conversion rates of the outstanding convertible notes payable were not modified. As a result, in the event all potentially issuable shares were converted, the holders of the existing notes at July 31, 2015 would be issued 148,669,051 shares of common stock representing approximately 98% of the Company’s total shares outstanding on an if-converted basis. The holders of the notes are limited to holding no greater than 4.99% of the common stock at any time.


Convertible notes issued


During the year ended July 31, 2015, the Company signed convertible promissory notes that refinance non-interest bearing advances into convertible notes payable. The convertible promissory notes bear interest at 10% per annum and are payable along with accrued interest. The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.


Date Issued

 

Maturity Date

 

Interest
Rate

 

Conversion Rate

 

Amount of
Note

 

Beneficial
Conversion
Discount

October 31, 2014

 

October 31, 2016

 

10

%

 

$

0.01

 

$

331,561

 

$

331,561

January 31, 2015

 

January 31, 2017

 

10

%

 

$

0.01

 

 

269,815

 

 

269,815

April 30, 2015

 

April 30, 2017

 

10

%

 

$

0.90

 

 

266,112

 

 

266,112

July 31, 2015

 

July 31, 2017

 

10

%

 

$

0.80

 

 

275,461

 

 

275,461

Total

 

 

 

 

 

 

 

 

 

$

$1,142,949

 

$

$1,142,949


F-20



During the year ended July 31, 2014, the Company signed convertible promissory notes of $1,118,979 in total with Vista View Ventures Inc., which refinanced non-interest bearing advances. These notes are payable at maturity and bear interest at 10% per annum. The holder of the notes may not convert the convertible promissory note into common stock if that conversion would result in the holder owing more than 4.99% of the number of shares of common stock outstanding on the conversion date. The convertible promissory notes are convertible into common stock at rates of between $0.02 and $0.01 per share at the option of the holder.


Date Issued

 

Maturity Date

 

Interest
Rate

 

Conversion Rate
Per Share

 

Amount of
Note

October 31, 2013

 

October 31, 2015

 

10

%

 

$

0.02

 

$

516,920

November 30, 2013

 

November 30, 2015

 

10

%

 

 

0.01

 

 

83,265

January 31, 2014

 

January 31, 2016

 

10

%

 

 

0.01

 

 

117,719

July 31, 2014

 

July 31, 2016

 

10

%

 

 

0.01

 

 

401,075

Total

 

 

 

 

 

 

 

 

 

$

1,118,979


The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion features as shown in the table above. The discount is amortized over the life of the notes using the effective interest method. The Company amortized $492,449 and $302,409 of the discount on the convertible notes payable to interest expense during the years ended July 31, 2015 and 2014, respectively.


Conversions into Common Stock


Vista View Ventures Inc. periodically sells or assigns a portion of its interest in the outstanding principal and interest of the Convertible Note Payable dated October 31, 2013 to three unrelated entities in accordance with the existing terms of the note. During the year ended July 31, 2015, Montego Blue Enterprises Corporation, THM Consulting Corp., and Jaxon Group Corp. received assignments of $61,440, $1,640 and $649, respectively. All of the debt assigned was converted into shares of common stock and is included in the table below.


During year ended July 31, 2015, the holders of the Convertible Note Payable dated October 31, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.02 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.


Date

 

Amount Converted

 

Number of Shares Issued

December 8, 2014

 

$

60,000

 

30,000

December 9, 2014

 

 

60,000

 

30,000

June 2, 2015

 

 

1,520

 

76,000

June 5, 2015

 

 

1,440

 

72,000

June 29, 2015

 

 

1,000

 

50,000

July 8, 2015

 

 

600

 

30,000

July 17, 2015

 

 

1,640

 

82,000

July 23, 2015

 

 

649

 

32,450

Total

 

$

126,849

 

402,450


During year ended July 31, 2014, the holders of the convertible note payable dated March 31, 2013 converted $167,075 of principal and $18,864 of accrued interest into 9,291,774 shares of common stock. Also, during the year ended July 31, 2014, the holders of the convertible note payable dated October 31, 2013 converted $92,505 of principal and $37,391 of accrued interest into 6,500,000 shares of common stock. On the conversion dates, the unamortized discount related to the beneficial conversion feature was amortized to interest expense.


F-21



Note 6. Convertible Note Payable to Related Party


On March 31, 2015, we issued a convertible note payable for $330,349 to Bloise International Corporation (“Bloise”), a significant shareholder of the Company. The note proceeds were used to reduce our accounts payable by the same amount. The note matures on March 31, 2017. This note is unsecured, bears interest at 10% and is convertible into shares of common stock at a rate of $0.40 per share. As discussed below, all principal on the note was fully converted and is no longer outstanding as of July 31, 2015.


The Company evaluated the terms of the notes in accordance with ASC Topic No. 815 – 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion features for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the notes and was deemed to be greater than the market value of underlying common stock at the inception of the note. As a result, we determined that no beneficial conversion feature was necessary on this note.


Conversions into Common Stock


On June 1, 2015, Bloise International Corporation elected to convert $330,349 of principal into 825,872 shares of our common stock at a rate of $0.40 per share. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion. As of July 31, 2015, we owed Bloise $5,611 of accrued interest on the note.


Note 7. Debt Repayment Commitments


We have commitments to repay the following debt over the next five years:


 

 

Year ended July 31,

 

 

2016

 

2017

 

2018

 

2019

 

2020

 

Total

Convertible notes

 

$ 922,401

 

$ 1,142,949

 

 

 

 

$ 2,065,350

Total

 

$ 922,401

 

$ 1,142,949

 

 

 

 

$ 2,065,350


Note 8. Stockholders’ Equity


Beneficial Conversion Discount on Convertible Notes Payable


During the years ended July 31, 2015 and 2014, we recognized beneficial conversion discounts on issuance of convertible notes payable of $1,142,949 and $1,118,979, respectively. See Note 7.


Conversion of shares


During year ended July 31, 2015, we issued 402,450 shares of common stock as a result of conversions of convertible notes payable of $126,849. The conversions were effected by the original payee of the note or its subsequent assigns as discussed in Note 5 above. During the same period we issued 825,872 shares of common stock to Bloise as a result of a conversion of a convertible note payable of $330,349. During the year ended July 31, 2014, we issued 157,918 shares of common stock as a result of conversions of convertible notes payable of $315,835.


Preferred Stock


On June 12, 2015, the board of directors designated 1,000,000 shares of Series E preferred stock. The Series E preferred stock has a par value of $0.001 and ranks subordinate to the Company’s common stock. The outstanding shares of Series E preferred stock have the right to take action by written consent or vote based on the number of votes equal to twice the number of votes of all outstanding shares of capital stock. On the same date, the Company issued 1,000,000 shares of Series E preferred stock to Bloise International Corporation, a Panama corporation whose beneficial owner is Ilya Solodov (“Bloise”), for compensation in a control transaction. Prior to this transaction, Bloise owned 1,275,872 shares of common stock, or approximately 62%, of the Company. These shares were valued at $140,000 which was the estimated market value of the Series E Preferred Stock on the date of the transaction. The market value was determined by estimating the market value of the controlling interest in a public company.


F-22



Note 9. Commitments


During the years ended July 31, 2015 and 2014, KM Delaney & Assoc. (“KMDA”) has provided office space and certain administrative functions to the Company. The services provided include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As a part of the services provided to the Company, KMDA receives the advances from the lender (See Note 7.) and disburses those funds to the Company. During the years ended July 31, 2015 and 2014, KMDA billed the Company $198,858 and $169,061, respectively, for those services. At July 31, 2015, no amounts were owed for these services.


We rent office space in Las Vegas, Nevada; Houston, Texas and Vancouver, British Columbia. We also rent warehouse space in Houston, Texas. All leases are short-term with expiration dates of one year or less from the origination date.


Note 10. The Jaxon Investment Agreement


On September 15, 2014, we entered into an investment agreement (the “Jaxon Investment Agreement”) with Jaxon Group Corp., a Louisiana corporation (“Jaxon”). Pursuant to the terms of the Jaxon Investment Agreement, Jaxon committed to purchase up to $5,000,000 of our common stock over a period of up to thirty-six (36) months.


In connection with the Jaxon Investment Agreement, we also entered into a registration rights agreement with Jaxon, pursuant to which we are obligated to file a registration statement with the SEC covering 10,000,000 shares of our common stock underlying the Jaxon Investment Agreement within 21 days after the closing of the transaction. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 120 days after the closing of the transaction and maintain the effectiveness of such registration statement until termination of the Jaxon Investment Agreement.


The proceeds to be received will depend upon the stock price immediately prior to the stock put being exercised.


Jaxon will periodically purchase our common stock under the Jaxon Investment Agreement and will, in turn, sell such shares to investors in the market at the market price. This may cause our stock price to decline, which will require us to issue increasing numbers of common shares to Jaxon to raise the same amount of funds, as our stock price declines.


No amounts have been requested by the Company or funded under the Jaxon Investment Agreement. Jaxon is not obligated to purchase our common stock under the Jaxon Investment Agreement until the registration statement is declared effective. The registration statement was declared effective on December 8, 2014. On March 3, 2015, the Company withdrew the registration statement that registered the shares issuable under the Jaxon Investment Agreement.


Note 11. Income Taxes


There is no current or deferred income tax expense or benefit for the period ended July 31, 2015.


The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference for the periods ended July 31, 2015 and 2014 are as follows.


 

 

July 31, 2015

 

July 31, 2014

Tax benefit at U.S. statutory rate

 

$

762,537

 

 

$

466,602

 

Less: amortization of discount on convertible notes

 

 

(172,357

)

 

 

(380,452

)

Less: stock based compensation

 

 

(49,000

)

 

 

 

Less: valuation allowance

 

 

(541,180

)

 

 

(86,150

)

Net tax benefit

 

$

 

 

$

 


As of July 31, 2015, the Company has net operating loss carryforwards of approximately $4,142,000 which begin to expire in 2022.  The use of our net operating loss carryforwards may be limited due to the change in control of the Company.


Note 12. Subsequent Events


On August 14, 2015, the holder of our convertible note dated October 31, 2013 converted $840 of accrued interest into 42,000 shares of common stock.


F-23



On August 24, 2015, the holders of our convertible note dated October 31, 2013 converted $1,770 of accrued interest into 88,500 shares of common stock.


On September 1, 2015, the holder of our convertible note dated March 31, 2015 converted $5,611 of accrued interest into 14,029 restricted shares of common stock.


On September 2, 2015, the holder of our convertible note dated October 31, 2013 converted $420 of accrued interest into 21,000 shares of common stock.


On September 11, 2015, the holders of our convertible note dated October 31, 2013 converted $1,780 of accrued interest into 89,000 shares of common stock.


On September 24, 2015, the holders of our convertible note dated October 31, 2013 converted $2,700 of accrued interest into 135,000 shares of common stock.


On October 8, 2015, the holders of our convertible note dated October 31, 2013 converted $690 of accrued interest into 34,500 shares of common stock.


On October 16, 2015, the holders of our convertible note dated October 31, 2013 converted $4,418 of accrued interest into 220,900 shares of common stock.


F-24



PART II — INFORMATION NOT REQUIRED IN THE PROSPECTUS


Item 13. Other Expenses Of Issuance And Distribution.


Accounting fees and expenses

 

$

2,500

 

Legal fees and expense

 

$

20,000

 

Blue Sky fees and expenses

 

$

0

 

Miscellaneous and SEC filing fee

 

$

5,000

 

Total

 

$

27,500

 


All amounts are estimates. We are paying all expenses of the offering listed above.


Item 14. Indemnification Of Directors And Officers.


Under our Articles of Incorporation, we may indemnify an officer or director who is made a party to any proceeding, including a lawsuit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. The Company may advance expenses incurred in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he is to be indemnified, we must indemnify him against all expenses incurred, including attorney’s fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of Nevada.


The above-described provisions relating to the exclusion of liability and indemnification of directors and officers are sufficiently broad to permit the indemnification of such persons in certain circumstances against liabilities arising under the Securities Act.  Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors and officers and to persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

 

Item 15. Recent Sales of Unregistered Securities.


Set forth below is information regarding securities sold by us within the past three years that were not registered under the Securities Act:


Date of Sale

 

Title of Security

 

Number Sold

 

Consideration Received
and Description of
Underwriting or Other
Discounts to Market
Price or Convertible
Security, Afforded to Purchasers

 

Exemption from
Registration
Claimed

 

If Option, Warrant
or Convertible
Security, terms of
exercise or
conversion

March 18, 2014

 

Common Stock

 

10,000

 

$20,000 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

April 1, 2014

 

Common Stock

 

10,000

 

$20,000 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.


II-1



Date of Sale

 

Title of Security

 

Number Sold

 

Consideration Received
and Description of
Underwriting or Other
Discounts to Market
Price or Convertible
Security, Afforded to Purchasers

 

Exemption from
Registration
Claimed

 

If Option, Warrant
or Convertible
Security, terms of
exercise or
conversion

April 25, 2014

 

Common Stock

 

10,000

 

$20,000 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

May 8, 2014

 

Common Stock

 

10,000

 

$20,000 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

May 16, 2014

 

Common Stock

 

12,000

 

$24,000 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

June 3, 2014

 

Common Stock

 

20,000

 

$40,000 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

June 12, 2014

 

Common Stock

 

20,969

 

$41,938.64 conversion of debt on convertible promissory note dated March 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

June 17, 2014

 

Common Stock

 

30,000

 

$60,000 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

July 24, 2014

 

Common Stock

 

35,000

 

$70,000 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.


II-2



Date of Sale

 

Title of Security

 

Number Sold

 

Consideration Received
and Description of
Underwriting or Other
Discounts to Market
Price or Convertible
Security, Afforded to Purchasers

 

Exemption from
Registration
Claimed

 

If Option, Warrant
or Convertible
Security, terms of
exercise or
conversion

December 8, 2014

 

Common Stock

 

30,000

 

$60,000 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

December 9, 2014

 

Common Stock

 

30,000

 

$60,000 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

June 1, 2015

 

Common Stock

 

825,872

 

$330,349 conversion of debt on convertible promissory note dated March 31, 2015 to Bloise International Corporation

 

Section (3)(a)(9)

 

Principal and accrued interest convertible to common stock at $0.40 per share

June 2, 2015

 

Common Stock

 

76,000

 

$1,520 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

June 5, 2015

 

Common Stock

 

72,000

 

$1,440 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

June 12, 2015

 

Series E Preferred Stock

 

1,000,000

 

Services

 

Section (4)(a)(2)

 

N/A

June 29, 2015

 

Common Stock

 

50,000

 

$1,000 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

July 8, 2015

 

Common Stock

 

30,000

 

$600 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.


II-3



Date of Sale

 

Title of Security

 

Number Sold

 

Consideration Received
and Description of
Underwriting or Other
Discounts to Market
Price or Convertible
Security, Afforded to Purchasers

 

Exemption from
Registration
Claimed

 

If Option, Warrant
or Convertible
Security, terms of
exercise or
conversion

July 17, 2015

 

Common Stock

 

82,000

 

$1,640 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

July 23, 2015

 

Common Stock

 

32,450

 

$649 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

August 14, 2015

 

Common Stock

 

42,000

 

$840 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

August 24, 2015

 

Common Stock

 

88,500

 

$1,770 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

September 1, 2015

 

Common Stock

 

14,029

 

$5,611 conversion of debt on convertible promissory note dated March 31, 2015 to Bloise International Corporation

 

Section (3)(a)(9)

 

Principal and accrued interest convertible to common stock at $0.40 per share

September 2, 2015

 

Common Stock

 

21,000

 

$420 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

September 11, 2015

 

Common Stock

 

89,000

 

$1,780 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.


II-4



Date of Sale

 

Title of Security

 

Number Sold

 

Consideration Received
and Description of
Underwriting or Other
Discounts to Market
Price or Convertible
Security, Afforded to Purchasers

 

Exemption from
Registration
Claimed

 

If Option, Warrant
or Convertible
Security, terms of
exercise or
conversion

September 24, 2015

 

Common Stock

 

135,000

 

$2,700 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

October 8, 2015

 

Common Stock

 

34,500

 

$690 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

October 16, 2015

 

Common Stock

 

220,900

 

$4,418 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

November 16, 2015

 

Common Stock

 

178,000

 

$3,560 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

December 22, 2015

 

Common Stock

 

207,000

 

$4,140 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

January 7, 2016

 

Common Stock

 

65,500

 

$1,310 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.

January 18, 2016

 

Common Stock

 

154,900

 

$3,098 conversion of debt on convertible promissory note dated October 31, 2013.

 

SEC Rule 144(a)(3)

 

Principal and accrued interest convertible to common stock at $0.02 per share.


II-5



The above securities were not registered under the Securities Act.  These securities qualified for exemption under 3(a)9 of the Securities Act. We made this determination based on the representations of the investors, which included, in pertinent part, that such shareholders were not a “U.S. person” as that term is defined in Rule 902(k) of Regulation S under the Act, and that such shareholders were acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that the shareholders understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.


Item 16. Exhibits and Financial Statement Schedules


Exhibit No.

 

Description

3.1

 

Articles of Incorporation of Aristocrat Group Corp.

3.2

 

Bylaws of Aristocrat Group Corp.

5.1

 

Opinion of Sonfield & Sonfield

10.2

 

Convertible promissory dated January 31, 2015, payable to the order of Vista View Ventures, Inc.

10.3

 

Registration Rights Agreement dated December 31, 2015 by and between Aristocrat Group Corp. and Vista View Ventures, Inc..

14.1

 

Code of Ethics

21.1

 

List of Subsidiaries of the registrant

23.1(i)

 

Consent of MaloneBailey, LLP

23.1(ii)

 

Consent of GBH CPAs, PC

23.2

 

Consent of Sonfield & Sonfield (included in Exhibit 5.1)

101

 

Interactive Data File


Item 17. Undertakings.


Undertaking Required by Item 512 of Regulation S-K.


(a) The undersigned registrant hereby undertakes:


(1) to file, during any period in which it offers or sells securities are being made, a post-effective amendment to this Registration Statement to:


(i) include any prospectus required by Section 10(a)(3) of the Securities Act;


(ii) reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and


(iii) include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.



(2) For determining liability under the Securities Act, treat each post-effective amendment as a new registration statement of the securities offered, and the offering of the securities at that time to be the initial bona fide offering.


(3) File a post-effective amendment to remove from registration any of the securities that remain unsold at the end of the offering.


II-6



(4) For determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the registrant undertakes that in a primary offering of securities of the registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:


(i) Any preliminary prospectus or prospectus of the registrant relating to the offering required to be filed pursuant to Rule 424;


(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the registrant or used or referred to by the registrant;


(ii) The portion of any other free writing prospectus relating to the offering containing material information about the registrant or its securities provided by or on behalf of the registrant; and


(iv) Any other communication that is an offer in the offering made by the registrant to the purchaser.


Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.


SIGNATURES


Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Las Vegas, Nevada, on February 1, 2016.



 

ARISTOCRAT GROUP CORP.

 

 

 

By: /s/ Chris Less

 

Chris Less

 

Chief Executive Officer, President, Secretary, Treasurer,
Principal Executive Officer, Principal Financial and
Accounting Officer and Sole Director.



Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.



Signature

 

Title

 

Date

 

 

 

 

 

/s/ Chris Less

Chris Less

 

Chief Executive Officer, President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer and Sole Director.

 

February 1, 2016


II-7


EX-3 2 ex_3-1.htm ARTICLES OF INCORPORATION

Exhibit 3.1


ARTICLES OF INCORPORATION


ARTICLE I

NAME


The name of the Corporation is Aristocrat Group Corp. (hereinafter, the “Corporation”).


ARTICLE II

REGISTERED OFFICE AND AGENT


The name of the Corporation’s registered agent in the State of Nevada is VCorp Services, LLC, and the street address of the said registered agent where process may be served on the Corporation is 1645 Village Center Circle, Suite 170, Las Vegas, Nevada 89134.  The mailing address and the street address of the said registered agent are identical.


ARTICLE III

POWERS


The purpose for which the Corporation is organized is to transact all lawful business for which corporations may be incorporated pursuant to the laws of the State of Nevada. The Corporation shall have all the powers of a corporation organized under the Revised Statutes of the State of Nevada.


ARTICLE IV

TERM


The Corporation is to have perpetual existence.


ARTICLE V

CAPITAL STOCK


Number and Designation. The total number of shares of all classes that this Corporation shall have authority to issue shall be 500,000,000, of which 480,000,000 shall be shares of common stock, par value $0.001 per share, and 20,000,000 shall be shares of preferred stock, par value $0.001 per share. The shares may be issued by the Corporation from time to time as approved by the board of directors of the Corporation without the approval of the stockholders except as otherwise provided in this Article V or the rules of a national securities exchange if applicable. The consideration for subscriptions to, or the purchase of, the capital stock to be issued by the corporation shall be paid in such form and in such manner as the board of directors shall determine. In the absence of actual fraud in the transaction, the judgment of the directors as to the value of such consideration shall be conclusive. The capital stock so issued shall be deemed to be fully paid and nonassessable stock upon receipt by the corporation of such consideration. In the case of a stock dividend, the part of the surplus of the Corporation which is transferred to stated capital upon the issuance of shares as a stock dividend shall be deemed to be the consideration for their issuance.


A description of the different classes and series (if any) of the Corporation’s capital stock, and a statement of the relative powers, designations, preferences and rights of the shares of each class and series (if any) of capital stock, and the qualifications, limitations or restrictions thereof, are as follows:


Designated common stock. Shares of common stock not at the time designated as shares of a particular series pursuant to this Article V or any other provision of these Articles of Incorporation may be issued from time to time in one or more designated series. The board of directors may determine, in whole or in part, the preferences, voting powers, qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series. The board of directors shall determine the number of shares constituting each series of common stock and each series shall have a distinguishing designation.


Undesignated common stock. Shares of common stock not at the time designated as shares of a particular series, pursuant to this Article V or any other provision of these Articles of Incorporation may be issued from time to time without any distinctive designation. Such undesignated common stock is referred to herein as “common stock”. Except as provided in these Articles or the designation of any series or class of capital stock, the holders of the common stock shall exclusively possess all voting power.


Nevada Articles of Incorporation

- 1 -



Subject to the provisions of these Articles, each holder of shares of common stock shall be entitled to one vote for each share held by such holder. The term “common stock” shall mean all shares now or hereafter authorized of any class of common stock of the Corporation.


Whenever there shall have been paid, or declared and set aside for payment, to the holders of the outstanding shares of any class or series of stock having preference over the common stock as to the payment of dividends, the full amount of dividends and sinking fund or retirement fund or other retirement payments, if any, to which such holders are respectively entitled in preference to the common stock, then dividends may be paid on the common stock, and on any class or series of stock entitled to participate therewith as to dividends, out of any assets legally available for the payment of dividends, but only when and as declared by the board of directors of the Corporation.


In the event of any liquidation, dissolution or winding up of the Corporation, after there shall have been paid, or declared and set aside for payment, to the holders of the outstanding shares of any class having preference over the common stock in any such event, the full preferential amounts to which they are respectively entitled, the holders of the common stock and of any class or series of stock entitled to participate therewith, in whole or in part, as to distribution of assets shall be entitled, after payment or provision for payment of all debts and liabilities of the Corporation, to receive the remaining assets of the Corporation available for distribution, in cash or in kind.


Each share of undesignated common stock shall have the same relative powers, preferences and rights as, and shall be identical in all respects with, all the other shares of common stock of the Corporation.


Serial Preferred Stock. Shares of Preferred Stock not at the time designated as shares of a particular series pursuant to this Article V or any other provision of these Articles of Incorporation may be issued from time to time in one or more additional series. The board of directors may determine, in whole or in part, the preferences, voting powers, qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series. The board of directors shall determine the number of shares constituting each series of Preferred Stock and each series shall have a distinguishing designation. Each share of each series of serial preferred stock shall have the same relative powers, preferences and rights as, and shall be identical in all respects with, all the other shares of the Corporation of the same series, except the times from which dividends on shares which may be issued from time to time of any such series may begin to accrue.


Series E Preferred Stock.  There shall be a series of Preferred Stock designated as “Series E Preferred Stock,” par value $.001 per share, and the number of shares constituting such series shall be 1,000,000.  Such series is referred to herein as the “Series E Preferred Stock.”


(a) Stated Capital.  The amount to be represented in stated capital at all times for each share of Series E Preferred Stock shall be $.001.


(b) Rank.  All shares of Series E Preferred Stock shall rank subordinate and junior to all of the Corporation’s common stock, par value $.001 per share, and preferred stock, par value $.001 per share, now or hereafter issued, as to distributions of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary.  


(c) Dividends.  No dividend shall be declared or paid on the Series E Preferred Stock.


(d) No Liquidation Participation.  In the event of any voluntary or involuntary liquidation, dissolution, or winding-up of the Corporation, the holders of shares of Series E Preferred Stock shall not be entitled to participate in the distribution of the assets of the Corporation.  A liquidation, dissolution, or winding-up of the Corporation, as such terms are used in this Article (V) shall not be deemed to be occasioned by or to include any merger of the Corporation with or into one or more corporations or other entities, any acquisition or exchange of the outstanding shares of one or more classes or series of the Corporation, or any sale, lease, exchange, or other disposition of all or a part of the assets of the Corporation.


(e) Right to Action by Vote or Consent.  Except as otherwise required by law, the shares of outstanding Series E Preferred Stock shall have the right to take action by written consent or vote based on the number of votes equal to twice the number of votes of all outstanding shares of capital stock such that the holders of outstanding shares of Series E Preferred Stock shall always constitute sixty-six and two thirds (66 2/3rds) of the voting rights of the Corporation.  The 66 2/3rds voting rights may be exercised by vote or written consent based on the will of a majority of the holders of Series E Preferred Stock.  Except as otherwise required by law or by the Articles of Incorporation of which this designation is a part, the holders of shares of common stock and Series E Preferred Stock shall vote together and not as separate classes.


Nevada Articles of Incorporation

- 2 -



(f) No Redemption.  The shares of Series E Preferred Stock are not redeemable.


(g) Preemptive Rights.  The Series E Preferred Stock is not entitled to any preemptive or subscription rights in respect of any securities of the Corporation.


ARTICLE VI

PREEMPTIVE RIGHTS


No holder of any of the shares of any class or series of stock or of options, warrants or other rights to purchase shares of any class or series of stock or of other securities of the Corporation shall have any preemptive right to purchase or subscribe for any unissued stock of any class or series, or any unissued bonds, certificates of indebtedness, debentures or other securities convertible into or exchangeable for stock or carrying any right to purchase stock may be issued pursuant to resolution of the board of directors of the Corporation to such persons, firms, corporations or associations, whether or not holders thereof, and upon such terms as may be deemed advisable by the board of directors in the exercise of its sole discretion.


ARTICLE VII

DIRECTORS


(a) Number; Vacancies. The number of directors of the Corporation shall be such number, not less than one nor more than 15 (exclusive of directors, if any, to be elected by holders of preferred stock of the Corporation), as shall be provided from time to time in a resolution adopted by the board of directors, provided that no decrease in the number of directors shall have the effect of shortening the term of any incumbent director, and provided further that no action shall be taken to decrease or increase the number of directors from time to time unless at least two-thirds of the directors then in office shall concur in said action. Exclusive of directors, if any, elected by holders of preferred stock, vacancies in the board of directors of the Corporation, however caused, and newly created directorships shall be filled by a vote of two-thirds of the directors then in office, whether or not a quorum, and any director so chosen shall hold office for a term expiring at the annual meeting of stockholders at which the term of the class to which the director has been chosen expires and when the director’s successor is elected and qualified. The board of directors shall be classified in accordance with the provisions of Section (b) of this Article VII.


(b) Classified Board. The board of directors of the Corporation (other than directors which may be elected by the holders of preferred stock) shall be divided into three classes of directors which shall be designated Class I, Class II and Class III. Such classes shall be as nearly equal in number as the then total number of directors constituting the entire board of directors shall permit, exclusive of directors, if any, elected by holders of preferred stock, with the terms of office of all members of one class expiring each year. Should the number of directors not be equally divisible by three, the excess director or directors shall be assigned to Classes I or II as follows: (1) if there shall be an excess of one directorship over the number equally divisible by three, such extra directorship shall be classified in Class I; and (2) if there be an excess of two directorships over a number equally divisible by three, one shall be classified in Class I and the other in Class II. At the first meeting of the board of directors of the Corporation, directors of Class I shall be elected to hold office for a term expiring at the first annual meeting of stockholders, directors of Class II shall be elected to hold office for a term expiring at the second succeeding annual meeting of stockholders and directors of Class III shall be elected to hold office for a term expiring at the third succeeding annual meeting thereafter. Thereafter, at each succeeding annual meeting, directors of each class shall be elected for three-year terms. Notwithstanding the foregoing, the director whose term shall expire at any annual meeting shall continue to serve until such time as his successor shall have been duly elected and shall have qualified unless his position on the board of directors shall have been abolished by action taken to reduce the size of the board of directors prior to said meeting.


(c) Increase and Reduction in Number of Directors. Should the number of directors of the Corporation be reduced, the directorship(s) eliminated shall be allocated among classes as appropriate so that the number of directors in each class is as specified in the position(s) to be abolished. Notwithstanding the foregoing, no decrease in the number of directors shall have the effect of shortening the term of any incumbent director. Should the number of directors of the Corporation be increased, other than directors which may be elected by the holders of preferred stock, the additional directorships shall be allocated among classes as appropriate so that the number of directors in each class is as specified in the immediately preceding paragraph.


Nevada Articles of Incorporation

- 3 -



(d) Directors Elected by Preferred Stockholders. Whenever the holders of any one or more series of preferred stock of the Corporation shall have the right, voting separately as a class, to elect one or more directors of the Corporation, the board of directors shall include said directors so elected in addition to the number of directors fixed as provided in this Article VII. Notwithstanding the foregoing, and except as otherwise may be required by law, whenever the holders of any one or more series of preferred stock of the Corporation elect one or more directors of the Corporation, the terms of the director or directors elected by such holders shall expire at the next succeeding annual meeting of stockholders.


(e) Removal of Directors. Notwithstanding any other provision of these Articles or the bylaws of the Corporation, any director or all the directors of a single class (including the entire board of directors) of the Corporation may be removed, at any time, but only by the affirmative vote or consent of the holders of at least 2/3ds of the voting power of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors (considered for this purpose as one class). Notwithstanding the foregoing, whenever the holders of any one or more series of preferred stock of the Corporation shall have the right, voting separately as a class, to elect one or more directors of the Corporation, the preceding provisions of this Article VII shall not apply with respect to the director or directors elected by such holders of preferred stock.


(f) Additional Authority of Directors. In furtherance, but not in limitation of the powers conferred by statute, the board of directors is expressly authorized to do the following:


(i) Designate one (1) or more committees, each committee to consist of one or more of the directors of the Corporation and such number of natural persons who are not directors as the board of directors shall designate, which to the extent provided in the Resolution, or in the by-laws of the Corporation, shall have and may exercise the powers of the board of directors in the management of the business and affairs of the Corporation.


(ii)As provided by Nevada Revised Statutes 78.140, without repeating the section in full here, the same is adopted and no contract or other transaction between this Corporation and any of its officers, agents or directors shall be deemed void or voidable solely for that reason. The balance of the provisions of the code section cited, as it now exists, allowing such transactions, is hereby incorporated into this Article as though more fully set forth, and such Article shall be read and interpreted to provide the greatest latitude in its application.


(iii) As provided by Nevada Revised Statutes 78.207, without repeating the section in full here, the board of directors shall have the authority to change the number of shares of any class or series, if any, of authorized stock by increasing or decreasing the number of authorized shares of the class or Series and correspondingly increasing or decreasing the number of issued and outstanding shares of the same class or series held by each stockholder of record at the effective date and time of the change by a resolution adopted by the board of directors, without obtaining the approval of the stockholders.


(iv) If a proposed increase or decrease in the number of issued and outstanding shares of any class or series would adversely alter or change any preference or any relative or other right given to any other class or series of outstanding shares, then the decrease must be approved by the vote, in addition to any vote required, of the holders of shares representing a majority of the voting power of each class or series whose preference or rights are adversely affected by the increase or decrease, regardless of limitations or restrictions on the voting power thereof. The increase or decrease does not have to be approved by the vote of the holders of shares representing a majority of the voting power in each class or series whose preference or rights are not adversely affected by the increase or decrease.


(v) Have the sole authority to call annual or special meetings of the stockholders or delegate a committee of the board of directors the power to call special meetings by the board of directors.


(vi) Change the name of the Corporation at any time and from time to time to any name authorized by Nevada Revised Statutes 78.039.


ARTICLE VIII

VOTING


(a) Cumulative Voting. Except for the right, if any, of holders of shares of preferred stock then outstanding to cumulate votes expressly set forth in the resolution, resolutions or designation providing for the issuance of such shares, cumulative voting is not permitted with respect to the election of directors.


Nevada Articles of Incorporation

- 4 -



(b) Stockholder Proposals. Any stockholder desiring to make a nomination for the election of directors or a proposal for new business at a stockholder meeting must submit written notice not less than 30 or more than 60 days in advance of the meeting: provided, however, that if less than forty days’ notice of the meeting is given to stockholders, such written notice shall be delivered or mailed, as prescribed, to the secretary of the company not later than the close of the tenth day following the day on which notice of the meeting was mailed to stockholders.


ARTICLE IX

INDEMNIFICATION


Any person who was or is a party or was or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative (whether or not by or in the right of the Corporation) by reason of the fact that he is or was a director, officer, incorporator, employee, or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, incorporator, employee, partner, trustee, or agent of another corporation, partnership, joint venture, trust, or other enterprise (including an employee benefit plan), shall be entitled to be indemnified by the Corporation to the full extent then permitted by law against expenses (including counsel fees and disbursements), judgments, fines (including excise taxes assessed on a person with respect to an employee benefit plan), and amounts paid in settlement incurred by him in connection with such action, suit, or proceeding and, if so requested, the Corporation shall advance (within two business days of such request) any and all such expenses to the person indemnified; provided, however, that (i) the foregoing obligation of the Corporation shall not apply to a claim that was commenced by the person indemnified without the prior approval of the Board of Directors. Such right of indemnification shall inure whether or not the claim asserted is based on matters which antedate the adoption of this Article IX. Such right of indemnification shall continue as to a person who has ceased to be a director, officer, incorporator, employee, partner, trustee, or agent and shall inure to the benefit of the heirs and personal representatives of such a person. The indemnification provided by this Article IX shall not be deemed exclusive of any other rights which may be provided now or in the future under any provision currently in effect or hereafter adopted of the bylaws, by any agreement, by vote of stockholders, by resolution of disinterested directors, by provisions of law, or otherwise.


ARTICLE X

LIMITATIONS ON DIRECTORS’ LIABILITY


No director or officer of the Corporation shall be personally liable to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, except: (a) for acts or omissions that involve intentional misconduct, fraud or a knowing violation of law; or (b) the payment of distributions in violation of Nevada Revised Statutes Section 78.300. If the Nevada Revised Statutes are amended after the date of filing of these Articles to further eliminate or limit the personal liability of directors, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the Nevada Revised Statutes, as so amended. Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification.


ARTICLE XI

SEVERABILITY PROVISIONS


If any voting powers, preferences and relative, participating, optional and other special rights of any class or series of capital stock and qualifications, limitations and restrictions thereof is invalid, unlawful or incapable of being enforced by reason of any rule of law or public policy, all other voting powers, preferences and relative, participating, optional and other special rights of all classes and series of capital stock and qualifications, limitations and restrictions thereof set forth in these Articles of Incorporation which can be given effect without the invalid, unlawful or unenforceable voting powers, preferences and relative, participating, optional and other special rights of any series or class of capital stock and qualifications, limitations and restrictions thereof shall, nevertheless, remain in full force and effect, and no voting powers, preferences or relative, participating, optional or other special rights of any class or series of capital stock and qualifications, limitations, and restrictions thereof set forth shall be deemed dependent upon any other such voting powers, preferences or relative, participating, optional or other special rights of any class or series of capital stock and qualifications, limitations and restrictions thereof unless so expressed herein.


Nevada Articles of Incorporation

- 5 -



ARTICLE XII

STATUTORY ELECTIONS


(a) The Corporation hereby elects not to be governed by, and to otherwise opt out of, the provisions of NRS 78.378 to 78.3793, inclusive, relating to acquisition of a controlling interest in the Corporation.


(b) The Corporation hereby elects not to be governed by, and to otherwise opt out of, the provisions of NRS 78.411 to 78.444, inclusive, relating to combinations with interested stockholders.


ARTICLE XIII

BYLAWS AMENDMENT


In furtherance and not in limitation of the powers conferred by statute, the board of directors of the Corporation is expressly authorized to adopt, repeal, alter, amend and rescind the bylaws of the Corporation only by a unanimous vote of the board of directors without a vote or other action by the stockholders.


Nevada Articles of Incorporation

- 6 -


EX-3 3 ex_3-2.htm BYLAWS

Exhibit 3.2


ARISTOCRAT GROUP CORP.

A Nevada Corporation


BYLAWS


ARTICLE I

Principal Executive Office


The principal office of the Corporation shall be located at 3001 North Rocky Point Drive East, Suite 200, Tampa, Florida 33607. The Board of Directors shall have the power and discretion to change from time to time the location of the principal office of the Corporation.


ARTICLE II

Stockholders


Section 1. Place of Meetings. All annual and special meetings of stockholders shall be held at the principal executive office of the Corporation or at such other place within or without the State of Nevada as the board of directors may determine and as designated in the notice of such meeting.


Section 2. Annual Meeting. A meeting of the stockholders of the Corporation for the election of directors and for the transaction of any other business of the Corporation shall be held annually at such date and time as the board of directors may determine; provided however, the annual meeting shall be held as closely as practicable in the same month of each year.


Section 3. Special Meetings. Special meetings of the stockholders of the Corporation for any purpose or purposes may be called at any time by the board of directors of the Corporation, or by a committee of the board of directors which has been duly designated by the board of directors and whose powers and authorities, as provided in a resolution of the board of directors or in these bylaws of the Corporation, include the power and authority to call such meetings but such special meetings may not be called by another person or persons.


Section 4. Conduct of Meetings. Annual and special meetings shall be conducted in accordance with these bylaws or as otherwise prescribed by the board of directors. The chairman or the chief executive officer of the Corporation shall preside at such meetings.


Section 5. Notice of Meeting. Written notice stating the place, day and hour of the meeting and the purpose or purposes for which the meeting is called shall be mailed by the secretary or the officer performing his duties, not less than ten days nor more than sixty days before the meeting to each stockholder of record entitled to vote at such meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail, addressed to the stockholder at his address as it appears on the stock transfer books or records of the Corporation as of the record date prescribed in Section 6, with postage thereon prepaid. If a stockholder be present at a meeting, or in writing waive notice thereof before or after the meeting, notice of the meeting to such stockholder shall be unnecessary. When any stockholders’ meeting, either annual or special, is adjourned for thirty days or more, notice of the adjourned meeting shall be given as in the case of an original meeting. It shall not be necessary to give any notice of the time and place of any meeting adjourned for less than thirty days or of the business to be transacted at such adjourned meeting, other than an announcement at the meeting at which such adjournment is taken.


Section 6. Fixing of Record Date. For the purpose of determining stockholders entitled to notice of or to vote at any meeting of stockholders, or any adjournment thereof, or stockholders entitled to receive payment of any dividend, or in order to make a determination of stockholders for any other proper purpose, the board of directors shall fix in advance a date as the record date for any such determination of stockholders. Such date in any case shall be not more than sixty days, and in case of a meeting of stockholders, not less than ten days prior to the date on which the particular action, requiring such determination of stockholders, is to be taken.


When a determination of stockholders entitled to vote at any meeting of stockholders has been made as provided in this section, such determination shall apply to any adjournment thereof.


- 1 -

Nevada Bylaws



Section 7. Voting Lists. The officer or agent having charge of the stock transfer books for shares of the Corporation shall make, at least ten days before each meeting of stockholders, a complete record of the stockholders entitled to vote at such meeting or any adjournment thereof, with the address of and the number of shares held by each. The record, for a period of ten days before such meeting, shall be kept on file at the principal executive office of the Corporation, whether within or outside the State of Nevada, and shall be subject to inspection by any stockholder for any purpose germane to the meeting at any time during usual business hours. Such record shall also be produced and kept open at the time and place of the meeting and shall be subject to the inspection of any stockholder for any purpose germane to the meeting during the whole time of the meeting. The original stock transfer books shall be prima facie evidence as to who are the stockholders entitled to examine such record or transfer books or to vote at any meeting of stockholders.


Section 8. Quorum. One-third of the outstanding shares of the Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of stockholders. If less than one-third of the outstanding shares are represented at a meeting, a majority of the shares so represented may adjourn the meeting from time to time without further notice. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified. The stockholders present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough stockholders to leave less than a quorum.


Section 9. Proxies. At all meetings of stockholders, a stockholder may vote by proxy executed in writing by the stockholder or by his duly authorized attorney in fact. Proxies solicited on behalf of the management shall be voted as directed by the stockholder or, in the absence of such direction, as determined by a majority of the board of directors. No proxy shall be valid after six months from the date of its execution unless otherwise provided in the proxy.


Section 10. Voting. At each election for directors every stockholder entitled to vote at such election shall be entitled to one vote for each share of stock held. Unless otherwise provided by the Articles of Incorporation, by statute, or by these bylaws, a majority of those votes cast by stockholders at a lawful meeting shall be sufficient to pass on a transaction or matter, except in the election of directors, which election shall be determined by a plurality of the votes of the shares present in person or by proxy at the meeting and entitled to vote on the election of directors.


Section 11. Voting of Shares in the Name of Two or More Persons. When ownership of stock stands in the name of two or more persons, in the absence of written directions to the Corporation to the contrary, at any meeting of the stockholders of the Corporation any one or more of such stockholders may cast, in person or by proxy, all votes to which such ownership is entitled. In the event an attempt is made to cast conflicting votes, in person or by proxy, by the several persons in whose name shares of stock stand, the vote or votes to which these persons are entitled shall be cast as directed by a majority of those holding such stock and present in person or by proxy at such meeting, but no votes shall be cast for such stock if a majority cannot agree.


Section 12. Voting of Shares by Certain Holders. Shares standing in the name of another corporation may be voted by any officer, agent or proxy as the bylaws of such corporation may prescribe, or, in the absence of such provision, as the board of directors of such corporation may determine. Shares held by an administrator, executor, guardian or conservator may be voted by him, either in person or by proxy, without a transfer of such shares into his name. Shares standing in the name of a trustee may be voted by him, either in person or by proxy, but no trustee shall be entitled to vote shares held by him without a transfer of such shares into his name. Shares standing in the name of a receiver may be voted by such receiver, and shares held by or under the control of a receiver may be voted by such receiver without the transfer thereof into his name if authority to do so is contained in an appropriate order of the court or other public authority by which such receiver was appointed.


A stockholder whose shares are pledged shall be entitled to vote such shares until the shares have been transferred into the name of the pledgee and thereafter the pledgee shall be entitled to vote the shares so transferred.


Neither treasury shares of its own stock held by the Corporation, nor shares held by another corporation, if a majority of the shares entitled to vote for the election of directors of such other corporation are held by the Corporation, shall be voted at any meeting or counted in determining the total number of outstanding shares at any given time for purposes of any meeting.


Section 13. Inspectors of Election. In advance of any meeting of stockholders, the chairman of the board or the board of directors may appoint any persons, other than nominees for office, as inspectors of election to act at such meeting or any adjournment thereof. The number of inspectors shall be either one or three. If the board of directors so appoints either one or three inspectors, that appointment shall not be altered at the meeting. If inspectors of election are not so appointed, the chairman of the board may make such appointment at the meeting. In case any person appointed as inspector fails to appear or fails or refuses to act, the vacancy may be filled by appointment in advance of the meeting or at the meeting by the chairman of the board or the president.


- 2 -

Nevada Bylaws



Unless otherwise prescribed by applicable law, the duties of such inspectors shall include: determining the number of shares of stock and the voting power of each share, the shares of stock represented at the meeting, the existence of a quorum, the authenticity, validity and effect of proxies; receiving votes, ballots or consents; hearing and determining all challenges and questions in any way arising in connection with the right to vote; counting and tabulating all votes or consents; determining the result; and such acts as may be proper to conduct the election or vote with fairness to all stockholders.


Section 14. Nominating Committee.  The board of directors or a committee appointed by the board of directors shall act as nominating committee for selecting the management nominees for election as directors. Except in the case of a nominee substituted as a result of the death or other incapacity of a management nominee, the nominating committee shall deliver written nominations to the secretary at least twenty days prior to the date of the annual meeting. Provided such committee makes such nominations, no nominations for directors except those made by the nominating committee shall be voted upon at the annual meeting unless other nominations by stockholders are made in writing and delivered to the secretary of the Corporation in accordance with the provisions of the Corporation’s articles of incorporation.  


Section 15. New Business.  Any new business to be taken up at the annual meeting shall be stated in writing and filed with the secretary of the Corporation in accordance with the provisions of the Corporation’s articles of incorporation.  This provision shall not prevent the consideration and approval or disapproval at the annual meeting of reports of officers, directors and committees, but in connection with such reports no new business shall be acted upon at such annual meeting unless stated and filed as provided in the Corporation’s articles of incorporation.  


ARTICLE III

Board of Directors


Section 1. General Powers. The business and affairs of the Corporation shall be under the direction of its board of directors. The chairman shall preside at all meetings of the board of directors.


Section 2. Number, Term and Election. The number of directors of the Corporation shall be such number, not less than one nor more than 15, as shall be provided from time to time in a resolution adopted by the board of directors, provided that no decrease in the number of directors shall have the effect of shortening the term of any incumbent director, and provided further that no action shall be taken to decrease or increase the number of directors from time to time unless at least two-thirds of the directors then in office shall concur in said action. The terms of the Directors shall be for one (1) year. Despite the expiration of his or her term, a Director will continue to serve until his or her successor is elected and qualified. A member of the board of directors shall be eligible to run for a new term on the board of directors immediately after the expiration of his or her previous term. Vacancies in the board of directors of the Corporation, however caused, and newly created directorships shall be filled by a vote of two-thirds of the directors then in office, whether or not a quorum, and any director so chosen shall hold office for a term expiring at the next annual meeting of stockholders.


Section 3. Removal of Directors . Notwithstanding any other provision of these bylaws of this Corporation, any director or all the directors of a single class (including the entire board of directors) of the Corporation may be removed, at any time, but only by the affirmative vote or consent of the holders of at least 2/3ds of the voting power of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors (considered for this purpose as one class).  Notwithstanding the foregoing, whenever the holders of any one or more series of preferred stock of the Corporation shall have the right, voting separately as a class, to elect one or more directors of the Corporation, the preceding provisions of this Section 3 shall not apply with respect to the director or directors elected by such holders of preferred stock.


Section 4. Regular Meetings. A regular meeting of the board of directors shall be held at such time and place as shall be determined by resolution of the board of directors without other notice than such resolution.


Section 5. Special Meetings. Special meetings of the board of directors may be called by or at the request of the chairman, the chief executive officer or one-third of the directors. The person calling the special meetings of the board of directors may fix any place as the place for holding any special meeting of the board of directors called by such persons.


Members of the board of the directors may participate in special meetings by means of telephone conference or similar communications equipment by which all persons participating in the meeting can hear each other. Such participation shall constitute presence in person.


- 3 -

Nevada Bylaws



Section 6. Other Meetings/Notice . Other meetings of the Board of Directors for any purpose or purposes may be held at any time upon call by the President or, if the President is absent or unable to or refuses to act, by one Director. Such meetings may be held at any place within or without the State of Nevada as may be designated from time to time by resolution of the Board or by written consent of all members of the Board.


Written notice of the time and place of other meetings shall be delivered personally to each Director or sent to each Director by mail or other form of written communication, charges prepaid, addressed to the Director at the Director’s address as it is shown upon the records of the Corporation or, if it is not so shown on such records or is not readily ascertainable, at the place in which the meetings of the Directors are regularly held. In case such notice is mailed, it shall be deposited in the United States Mail at least five (5) days prior to the time of the holding of the meeting. In case such notice is personally delivered, it shall be so delivered at least twenty-four (24) hours prior to the time of the holding of the meeting. Such mailing or delivery as above provided shall constitute due, legal and personal notice to such Director.


Section 7. Quorum. A majority of the number of directors fixed by Section 2 shall constitute a quorum for the transaction of business at any meeting of the board of directors, but if less than such majority is present at a meeting, a majority of the directors present may adjourn the meeting from time to time. Notice of any adjourned meeting shall be given in the same manner as prescribed by Section 5 of this Article III.


Section 8. Manner of Acting. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors, unless a greater number is prescribed by these bylaws, the Articles of Incorporation, or the Nevada Revised Statutes.


Section 9. Action Without a Meeting. Any action required or permitted to be taken by the board of directors at a meeting may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the directors.


Section 10. Resignation. Any director may resign at any time by sending a written notice of such resignation to the home office of the Corporation addressed to the chairman. Unless otherwise specified therein such resignation shall take effect upon receipt thereof by the chairman.


Section 11. Vacancies. Any vacancy occurring on the board of directors shall be filled by the affirmative vote of a majority of the directors then in office or by election at an annual meeting or at a special meeting of the stockholders held for that purpose. Any directorship to be filled by reason of an increase in the number of directors may be filled by the affirmative vote of a majority of the directors then in office or by election at an annual meeting or at a special meeting of the stockholders held for that purpose. The term of such director shall be in accordance with the provisions of the Corporation’s Articles of Incorporation.


Section 12. Removal of Directors . Any director or the entire board of directors may be removed by vote of ninety percent (90%) of the outstanding shares entitled to vote whenever, in the judgment of the stockholders, the best interests of the Corporation will be served thereby, but such removal, other than for cause, shall be without prejudice to the contract rights, if any, of the person so removed.


Section 13. Compensation. Directors, as such, may receive compensation for service on the board of directors. Members of either standing or special committees may be allowed such compensation as the board of directors may determine.


Section 14. Age Limitation. No person 80 years or more of age shall be eligible for election, reelection, appointment or reappointment to the board of the Corporation. No director shall serve as such beyond the annual meeting of the Corporation immediately following the director becoming 80 years of age. This age limitation does not apply to an advisory director.


ARTICLE IV

Committees of the Board of Directors


The board of directors may, by resolution passed by a majority of the whole board, designate one or more committees, as they may determine to be necessary or appropriate for the conduct of the business of the Corporation, and may prescribe the duties, constitution and procedures thereof. Each committee shall consist of one or more directors of the Corporation appointed by the chairman. The chairman may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee.


- 4 -

Nevada Bylaws



The chairman shall have power at any time to change the members of, to fill vacancies in, and to discharge any committee of the board. Any member of any such committee may resign at any time by giving notice to the Corporation; provided, however, that notice to the board, the chairman of the board, the chief executive officer, the chairman of such committee, or the secretary shall be deemed to constitute notice to the Corporation. Such resignation shall take effect upon receipt of such notice or at any later time specified therein; and, unless otherwise specified therein, acceptance of such resignation shall not be necessary to make it effective. Any member of any such committee may be removed at any time, either with or without cause, by the affirmative vote of a majority of the authorized number of directors at any meeting of the board called for that purpose.


ARTICLE V

Officers


Section 1. Positions. The officers of the Corporation shall be a chairman, a president, one or more vice presidents, a secretary and a treasurer, each of whom shall be elected by the board of directors. The board of directors may designate one or more vice presidents as executive vice president or senior vice president. The board of directors may also elect or authorize the appointment of such other officers as the business of the Corporation may require. The officers shall have such authority and perform such duties as the board of directors may from time to time authorize or determine. In the absence of action by the board of directors, the officers shall have such powers and duties as generally pertain to their respective offices.


Section 2. Election and Term of Office. The officers of the Corporation shall be elected annually by the board of directors at the first meeting of the board of directors held after each annual meeting of the stockholders. If the election of officers is not held at such meeting, such election shall be held as soon thereafter as possible. Each officer shall hold office until his successor shall have been duly elected and qualified or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. Election or appointment of an officer, employee or agent shall not of itself create contract rights. The board of directors may authorize the Corporation to enter into an employment contract with any officer in accordance with state law; but no such contract shall impair the right of the board of directors to remove any officer at any time in accordance with Section 3 of this Article V.


Section 3. Removal. Any officer may be removed by vote of two-thirds of the board of directors whenever, in its judgment, the best interests of the Corporation will be served thereby, but such removal, other than for cause, shall be without prejudice to the contract rights, if any, of the person so removed.


Section 4. Vacancies. A vacancy in any office because of death, resignation, removal, disqualification or otherwise, may be filled by the board of directors for the unexpired portion of the term.


Section 5. Remuneration. The remuneration of the officers shall be fixed from time to time by the board of directors, and no officer shall be prevented from receiving such salary by reason of the fact that he is also a director of the Corporation.


Section 6. Age Limitation. No person 80 or more years of age shall be eligible for election, reelection, appointment or reappointment as an officer of the Corporation. No officer shall serve beyond the annual meeting of the Corporation immediately following the officer becoming 80 or more years of age.


ARTICLE VI

Contracts, Loans, Checks and Deposits


Section 1. Contracts. To the extent permitted by applicable law, and except as otherwise prescribed by the Corporation’s Articles of Incorporation or these bylaws with respect to certificates for shares, the board of directors or the executive committee may authorize any officer, employee, or agent of the Corporation to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Corporation. Such authority may be general or confined to specific instances.


Section 2. Loans. No loans shall be contracted on behalf of the Corporation and no evidence of indebtedness shall be issued in its name unless authorized by the board of directors. Such authority may be general or confined to specific instances.


Section 3. Checks, Drafts, Etc. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Corporation shall be signed by one or more officers, employees or agents of the Corporation in such manner, including in facsimile form, as shall from time to time be determined by resolution of the board of directors.


- 5 -

Nevada Bylaws



Section 4. Deposits. All funds of the Corporation not otherwise employed shall be deposited from time to time to the credit of the Corporation in any of its duly authorized depositories as the board of directors may select.


ARTICLE VII

Certificates for Shares and Their Transfer


Section 1. Certificates for Shares. The shares of the Corporation shall be represented by certificates signed by the chairman of the board of directors or the president or a vice president and by the treasurer or an assistant treasurer or the secretary or an assistant secretary of the Corporation, and may be sealed with the seal of the Corporation or a facsimile thereof. Any or all of the signatures upon a certificate may be facsimiles if the certificate is countersigned by a transfer agent, or registered by a registrar, other than the Corporation itself or an employee of the Corporation. If any officer who has signed or whose facsimile signature has been placed upon such certificate shall have ceased to be such officer before the certificate is issued, it may be issued by the Corporation with the same effect as if he were such officer at the date of its issue.


Section 2. Form of Share Certificates. All certificates representing shares issued by the Corporation shall set forth upon the face or back that the Corporation will furnish to any stockholder upon request and without charge a full statement of the designations, preferences, limitations, and relative rights of the shares of each class authorized to be issued, the variations in the relative rights and preferences between the shares of each such series so far as the same have been fixed and determined, and the authority of the board of directors to fix and determine the relative rights and preferences of subsequent series.


Each certificate representing shares shall state upon the face thereof: that the Corporation is organized under the laws of the State of Nevada; the name of the person to whom issued; the number and class of shares, the designation of the series, if any, which such certificate represents; the par value of each share represented by such certificate, or a statement that the shares are without par value. Other matters in regard to the form of the certificates shall be determined by the board of directors.


Section 3. Payment for Shares . No certificate shall be issued for any share until such share is fully paid.


Section 4. Form of Payment for Shares. The consideration for the issuance of shares shall be paid in accordance with the  provisions of the Corporation’s Articles of Incorporation.


Section 5. Transfer of Shares. Transfer of shares of capital stock of the Corporation shall be made only on its stock transfer books. Authority for such transfer shall be given only to the holder of record thereof or by his legal representative, who shall furnish proper evidence of such authority, or by his attorney thereunto authorized by power of attorney duly executed and filed with the Corporation. Such transfer shall be made only on surrender for cancellation of the certificate for such shares. The person in whose name shares of capital stock stand on the books of the Corporation shall be deemed by the Corporation to be the owner thereof for all purposes.


Section 6. Lost Certificates. The board of directors may direct a new certificate to be issued in place of any certificate theretofore issued by the Corporation alleged to have been lost, stolen, or destroyed, upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen, or destroyed. When authorizing such issue of a new certificate, the board of directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen, or destroyed certificate, or his legal representative, to give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, stolen, or destroyed.


ARTICLE VIII

Fiscal Year; Annual Audit


The fiscal year of the Corporation shall end on the last day of December of each year. The Corporation shall be subject to an annual audit as of the end of its fiscal year by independent public accountants appointed by and responsible to the board of directors.


ARTICLE IX

Dividends


Dividends upon the stock of the Corporation, subject to the provisions of the Articles of Incorporation, if any, may be declared by the board of directors at any regular or special meeting, pursuant to law. Dividends may be paid in cash, in property or in the Corporation’s own stock.


- 6 -

Nevada Bylaws



ARTICLE X

Corporation Seal


The corporate seal of the Corporation shall be in such form as the board of directors shall prescribe.


ARTICLE XI

Amendments


In accordance with the Corporation’s Articles of Incorporation, these bylaws may be repealed, altered, amended or rescinded by the stockholders of the Corporation only by vote of not less than 75% of the voting power of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors (considered for this purpose as one class) cast at a meeting of the stockholders called for that purpose (provided that notice of such proposed repeal, alteration, amendment or rescission is included in the notice of such meeting). In addition, the board of directors may repeal, alter, amend or rescind these bylaws by vote of four-fifths of the board of directors at a legal meeting held in accordance with the provisions of these bylaws.


Adopted by the Board of Directors this __ day of January, 2015.


- 7 -

Nevada Bylaws


EX-5 4 ex_5-1.htm OPINION OF SONFIELD & SONFIELD

Exhibit 5.1


S O N F I E L D & S O N F I E L D

A Professional Corporation


LEON SONFIELD (1865-1934)

GEORGE M. SONFIELD (1899-1967)

ROBERT L. SONFIELD (1893-1972)

____________________


FRANKLIN D. ROOSEVELT, JR. (1914-1988)

ATTORNEYS AT LAW


2500 WILCREST DRIVE, SUITE  300

HOUSTON, TEXAS 77042-2754

WWW.SONFIELD.COM


TELECOPIER (713) 877-1547

____

TELEPHONE (713) 877-8333

ROBERT L. SONFIELD, JR.

Managing Director

robert@sonfield.com



Jennifer Abney

Legal Assistant

jennifer@sonfield.com


January 27, 2016


Aristocrat Group Corp.

6671 South Las Vegas Boulevard, Suite 210

Las Vegas, Nevada 89119


Ladies and Gentlemen:


You have requested our opinion as counsel for Aristocrat Group Corp., a corporation (the “Company”), in connection with the registration statement on Form S-1 (the “Registration Statement”), under the Securities Act of 1933 (the “Act”), filed by the Company with the U.S. Securities and Exchange Commission. The Registration Statement relates to an offering of 590,000 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), that are to be issued to the selling shareholder (the “Selling Shareholder”) on conversion of that certain convertible promissory note dated January 31, 2015 (the “Convertible Note”).


This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.


In connection with this opinion, we have examined and relied upon the originals or copies of such documents, corporate records, and other instruments as we have deemed necessary or appropriate for the purpose of this opinion, including, without limitation, the following: (a) the articles of incorporation of the Company; (b) the bylaws of the Company; (c) the Convertible Note; and (d) the Registration Statement, including all exhibits thereto.


In our examination, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such documents, and the accuracy and completeness of the corporate records made available to us by the Company. As to any facts material to the opinions expressed below, with your permission we have relied solely upon, without independent verification or investigation of the accuracy or completeness thereof, any certificates and oral or written statements and other information of or from public officials, officers or other representatives of the Company and others.


Based upon the foregoing, and in reliance thereon, we are of the opinion that the Shares have been duly authorized, and when sold pursuant to the terms described in the Registration Statement, will be legally issued, fully paid and non-assessable.


We express no opinion with respect to laws other than those of the Nevada Revised Statutes (including the statutory provisions, all applicable provisions of the Nevada Revised Statutes and reported judicial decisions interpreting the foregoing) and the federal laws of the United States of America, and we assume no responsibility as to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction.


We hereby consent to the filing of this opinion as exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the Registration Statement. In so doing, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Act and the rules and regulations of the Securities and Exchange Commission promulgated thereunder, or Item 509 of Regulation S-K.


Very truly yours,

Sonfield & Sonfield



EX-10 5 ex_10-2.htm CONVERTIBLE PROMISSORY

Exhibit 10.2

 

THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT.

 

 

ARISTOCRAT GROUP CORP.

CONVERTIBLE PROMISSORY NOTE

 

January 31, 2015

$269,815.00

 

 

FOR VALUE RECEIVED, Aristocrat Group Corp., a Florida corporation (the “Company”), promises to pay to the order of Vista View Ventures, Inc., a Wyoming corporation, or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may direct, at such location as the Holder may designate, two hundred sixty-nine thousand eight hundred fifteen Dollars and Zero Cents ($269,815.00) plus simple interest on such principal amount from the date of this Convertible Promissory Note (the “Note”) at an annual interest rate equal to ten percent (10%).

 

Interest will be computed on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE

 

This Note is promulgated January 31, 2015 with an effective date of January 31, 2015 (the “Issuance Date”). Between November 1, 2014 and January 31, 2015, the Holder hereof transferred US dollars to the Issuer in the aggregate amount of $269,815.00.  A schedule of the advances is attached to this Note and incorporated by reference.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS

 

Section 2.01      The entire principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on January 31, 2017 (the “Repayment Date”) unless this Note has been previously extended by the mutual consent of the parties, or converted in accordance with Article III herein.

 

Section 2.02      The principal and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer of immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future taxes, restrictions or conditions of any nature.

 



Section 2.03      All payments under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

Section 2.04      Whenever any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05      Overdue principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06      This Note may be prepaid at any time.

 

ARTICLE III.

CONVERSION

 

Section 3.01      At any time prior to the repayment of the Note, upon prior written notice by the Holder to the Company, at the option of the Holder, the outstanding principal and interest due hereunder, may be converted into shares of the Company’s capital stock. The number of shares of the Company’s capital stock (calculated to the nearest whole share) to which Holder shall be entitled upon such conversion shall be equal to such number determined by dividing (x) the outstanding principal amount and unpaid accrued interest thereon to be converted by (y) $0.01 per share. The conversion price is fixed and is not subject to adjustment from forward or reverse stock splits. The shares of the Company’s capital stock issuable upon conversion of this Note pursuant to this Section 3.01 are hereinafter referred to as “Conversion Shares”.

 

Section 3.02      In the event of conversion, the Holder will surrender this Note for conversion at the principal office of the Company. The Holder agrees to execute all necessary documents in connection with the conversion of this Note.

 

Section 3.03      The Company covenants and agrees that it will at all times have authorized and reserved, solely for the purpose of such possible conversion, out of its authorized but unissued shares, a sufficient number of shares to provide for the exercise in full of the conversion rights contained in this Note.

 

Section 3.04      This Note will be automatically canceled upon full conversion. As soon as practicable after conversion of this Note, the Company at its expense will issue in the name of and deliver to the Holder a certificate or certificates for the Conversion Shares (bearing such legends as may be required by applicable state and federal securities laws in the opinion of legal counsel for the Company).

 

Section 3.05      Following conversion of the Note, in the event that the Company files a registration statement registering shares of the Company common stock on a form appropriate for the resale of shares by stockholders, the Holder shall have the right to have the Conversion Shares included in such registration statement, to the extent such shares are not already freely tradable.

 

Page 2



ARTICLE IV.

DEFAULT; ACCELERATION

 

The occurrence of any one or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 4.01      The Company fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest on any other obligation of the Company to the Holder when due.

 

Section 4.02      The Company breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument or agreement between the Company and the Holder.

 

Section 4.03      The Company (a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 4.04      Within 60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.

 

Section 4.05      Any litigation is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them, if: (a) the damages sought are in excess of $250,000.

 

Section 4.06      The Company defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess of $250,000.

 

Upon the occurrence of an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon, shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts due under this Note.

 

Page 3



ARTICLE V.

MISCELLANEOUS

 

Section 5.01      The Company waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the liability of the Company.

 

Section 5.02      Any term of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however, that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment or waiver effected in accordance with this Section 5.02 shall be binding upon the Company, the Holder and each transferee of this Note.

 

Section 5.03      All rights and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the time the registered holder of this Note. The Holder, at its sole discretion, may assign all interest the Holder has in the Note, including all rights, title and benefits of conversion and payment to a third party. The Holder will notify the Company of any such assignment.

 

Section 5.04      The Company agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection and enforcement of this Note.

 

Section 5.05      The rights and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 5.07      This Note will be governed in accordance with the laws of the State of Texas.

 

Section 5.08      Any notice required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 5.09      Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation, upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in lieu of the lost, stolen, destroyed or mutilated Note.

 

Page 4



Section 5.10      If one or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

Section 5.11      LIMITATION OF AMOUNT OF OWNERSHIP. Notwithstanding anything contrary to this Agreement, in no event shall the Holder be entitled to convert, nor shall the Company issue, that number of shares which when added to the sum of the number of shares common stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act) by the Holder, would exceed 4.99% of the number of shares of common stock outstanding on the conversion date, as determined in accordance with Rule 13d-1(j) of the 1934 Act.

 

 

(SIGNATURE PAGE FOLLOWS)

 

 

Page 5



IN WITNESS WHEREOF, the Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

 

Aristocrat Group Corp.

 

 

 

 

 

 

 

By:

/s/ Robert Federowicz

 

 

Robert Federowicz

 

 

Chairman and CEO

 

Page 6



Exhibit 1

Aristocrat Group Corp.

Advances received from Vista View Ventures, Inc.

Period ended January 31, 2015

 

 

 

Amount

 

Cumulative

Month

 

Advanced

 

Advances

 

 

 

 

 

 

 

November 2014

 

$

95,820.00

 

$

95,820.00

December 2014

 

 

131,995.00

 

 

227,815.00

January 2015

 

 

42,000.00

 

 

269,815.00

 

 

 

 

 

 

 

Total

 

$

269,815.00

 

$

269,815.00

 

Exhibit 1


EX-10 6 ex_10-3.htm REGISTRATION RIGHTS AGREEMENT

Exhibit 10.3


REGISTRATION RIGHTS AGREEMENT


This Registration Rights Agreement (the “Agreement”) is made and entered into as of December 31, 2015, by Aristocrat Group Corp., a Nevada corporation (the “Company”), and Vista View Ventures, Inc., a Wyoming Corporation, hereinafter sometime referred to as the “Note Holder” of the convertible promissory note issued by the Company.


Pursuant to the request of Note Holder, the Company has agreed to provide the registration rights set forth in this Agreement.  Therefore, the parties hereby agree as follows:


1.    DEFINITIONS


As used in this Agreement, the following terms shall have the following meanings:


Affiliate:  Affiliate of any person shall mean any person directly or indirectly controlling or controlled by or under direct or indirect common control with such person.  For purposes of this definition, “control” when used with respect to any person means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.


Agent:  Any person authorized to act and who acts on behalf of any of the Note Holder with respect to the transactions contemplated by the Documents.


Convertible Promissory Note: Convertible promissory note, dated January 31, 2015, in the original principal amount of $269,815 executed by the Company payable to the order of Note Holder.


Documents:  This Agreement, the convertible promissory Note, together with any exhibits, schedules or other attachments thereto.


Exchange Act:  The Securities Exchange Act of 1934, as amended from time to time.


Prospectus:  The prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement and by all amendments and supplements to the Prospectus, including post-effective amendments and all documents incorporated by reference in such prospectus.


Register, registered, and registration refer to a registration effected by preparing and filing one or more Registration Statements (as defined below) in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act or any successor rule providing for offering securities on a continuous or delayed basis, and the declaration or ordering of effectiveness of such Registration Statement(s) by the SEC (as defined below).


Registrable Securities:  Common voting shares of the Company, par value $.001, issuable to Note Holder upon conversion of the Convertible Promissory Note.


Registration Expenses:  See Section 6 hereof.


Registration Statement:  Any registration statement of the Company which covers any of the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such Registration Statement, including post-effective amendments, all exhibits and all documents incorporated by reference in such Registration Statement.


Restricted Securities:  The Registerable Securities upon original issuance thereof, subject to the provisions of Section 2(a) hereof.


SEC:  The Securities and Exchange Commission.


Securities:  The Registerable Securities upon original issuance thereof, subject to the provisions of Section 2(a) hereof.


Securities Act:  The Securities Act of 1933, as amended from time to time.


Shelf Registration:  See Section 3 hereof.




Underwritten registration or underwritten offering:  A registration in which securities of the Company are sold to an underwriter for reoffering to the public.


2.    SECURITIES SUBJECT TO THIS AGREEMENT


(a)    Registrable Securities.  The securities entitled to the benefits of this Agreement are the Registrable Securities but, with respect to any particular Registrable Security, only so long as such security continues to be a Restricted Security.  A Registrable Security ceases to be a Restricted Security when (i) it has been effectively registered under the Securities Act and disposed of in accordance with the Registration Statement covering it, (ii) it is distributed to the public pursuant to Rule 144 (or any similar provisions then in force) under the Securities Act, or (iii) it has otherwise been transferred and a new certificate or other evidence of ownership for it not bearing the legend set forth in the Convertible Promissory Note (or other legend of similar import) and not subject to any stop transfer order has been delivered by or on behalf of the Company and no other restriction on transfer exists.


(b)    Holders of Registrable Securities.  The Note Holder, its successors and assigns is deemed to be a holder of Registrable Securities whenever the Note Holder, its successors and assigns own Registerable Securities or has the right to acquire such Registrable Securities, whether or not such acquisition has actually been effected and disregarding any legal restrictions upon the exercise of such right.


3.    REGISTRATION


The Company will file a Registration Statement which may be used for the registration of the Registrable Securities pursuant to Rule 415 under the Securities Act or any successor rule providing for offering securities on a continuous or delayed basis, within a reasonable time from and after the date of this agreement (“Shelf Registration”).


4.    HOLD-BACK AGREEMENTS


Restrictions on Public Sale by Holder of Registrable Securities.  Each holder of Registrable Securities whose Registrable Securities are covered by a Registration Statement filed pursuant to Section 3 hereof agrees, if requested by the managing underwriter or underwriters in an underwritten offering, not to effect any public sale or distribution of securities of the Company of the same class, or securities convertible into or exchangeable for securities of the same class, as the securities included in such Registration Statement, during the 10 business day period prior to, and during the 45-day period beginning with the commencement date of such underwritten offering, to the extent timely notified in writing by the managing underwriter or underwriters; provided, however, that each holder of Registrable securities shall be subject to the hold-back restrictions of this Section 4(a) only once during any consecutive twelve month period.


5.    REGISTRATION PROCEDURES


In connection with the Company’s registration obligations pursuant to Section 3 hereof, the company will use its best efforts to effect such registrations to permit the sale of the Registrable Securities in accordance with the intended method or methods of distribution thereof, and pursuant thereto the company will as expeditiously as possible:


(a)    prepare and file with the SEC, as soon as practicable, a Registration Statement or Registration Statements relating to the applicable registration on any appropriate form under the Securities Act, which form shall be available for the sale of the Registrable Securities in accordance with the intended method or methods of distribution thereof and shall include all financial statements required by the SEC to be filed therewith, and use its best efforts to cause such Registration Statement to become effective; provided, however, that before filing a Registration Statement or Prospectus or any amendments or supplements thereto, including documents incorporated by reference after the initial filing of the Registration Statement, the Company will furnish to the holders of the Registrable Securities covered by such Registration Statement and the underwriter or underwriters, if any, copies of all such documents proposed to be filed, and the Company will not file any registration Statement or amendment thereto or any Prospectus or any supplement thereto (including such documents incorporated by reference) to which the holders of a majority of the aggregate principal amount of Registrable Securities covered by such registration Statement or the underwriter or underwriters, if any, shall reasonably object;


(b)    prepare and file with the SEC such pre-effective amendments and post-effective amendments to the Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period, or such shorter period which will terminate when all Registrable Securities covered by such Registration Statement have been sold; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed with the SEC pursuant to Rule 424 under the Securities Act;


- 2 -



(c)    notify the selling holders of Registrable Securities and the managing underwriter or underwriters, if any, promptly, and (if requested by any such person) confirm such advice in writing, (1) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to the Registration Statement or any post-effective amendment, when the same has become effective, (2) of any request by the SEC for amendments or supplements to the Registration Statement or the Prospectus or for additional information, (3) of the issuance by the SEC of any stop order suspending the effectiveness to the Registration Statement for the initiation of any proceedings for that purpose, (4) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose and (5) of the happening of any event which makes any statement made in the Registration Statement, the Prospectus or any document incorporated therein by reference untrue or which requires the making of any changes in the Registration Statement, the Prospectus or any document incorporated therein by reference in order to make the statements therein not misleading;


(d)     make every reasonable effort to obtain the withdrawal of any order suspending the effectiveness of the Registration Statement at the earliest possible moment;


(e)    if requested by the managing underwriter or underwriters or a holder of Registrable Securities being sold in connection with an underwritten offering, promptly incorporate in a Prospectus supplement or post-effective amendment such information as the managing underwriter  or underwriters and the holders of a majority of the aggregate principal amount of Registrable Securities being sold agree should be included therein relating to the sale of the Registrable Securities, including, without limitation, information with respect to the principal amount of Registrable Securities being sold to such underwriter or underwriters, the First Purchase Price and Loan Amount being paid therefor by such underwriter or underwriters and any other terms of the underwritten (or best efforts underwritten) offering of the Registrable Securities to be sold in such offering; and make all required filings of such Prospectus supplement or post-effective amendment;


(f)    furnish to each selling holder of Registrable Securities and each managing underwriter, without charge, at least one copy of the Registration Statement and any post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated by reference);


(g)    deliver to each selling holder of Registrable Securities and to each underwriter, if any, without charge, as many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such persons may reasonably request; the Company consents to the use of the Prospectus or any amendment or supplement thereto by each of the selling holders of Registrable securities and each underwriter, if any, in connection with the offering and sale of the registrable Securities covered by the Prospectus or any amendment or supplement thereto;


(h)    prior to any public offering of Registrable Securities, register or qualify or cooperate with the selling holders of Registrable Securities, the underwriter or underwriters, if any, and their respective counsel in connection with the registration or qualification of such Registrable Securities covered by the Registration Statement; provided, however, that the Company will not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action which would subject it to general service of process in any such jurisdiction where it is not then so subject;


(i)    cooperate with the selling holders of Registrable Securities and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall not bear any restrictive legends; and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriter or underwriters may request at least two business days prior to any sale of Registrable Securities to the underwriter or underwriters;


(j)    use its best efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition or such Registrable Securities;


(k)    upon the occurrence of any event contemplated by paragraph (5)(c)(5) above, prepare a supplement or post-effective amendment to the Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the Note Holders of the Registrable Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading;


(l)    use its best efforts to cause all Registrable Securities covered by the Registration Statement to be listed on each securities exchange on which similar securities issued by the Company are then listed if requested by the holders of a majority of the aggregate principal amount of such Registrable Securities or the managing underwriter or underwriters, if any;


- 3 -



(m)    provide a CUSIP number for all Registrable Securities, not later than the effective date of the applicable Registration Statement;


(n)    enter into such customary agreements (including an underwriting agreement) and take all such other actions in connection therewith in order to expedite or facilitate the disposition of such Registrable Securities and in such connection, whether or not an underwriting agreement is entered into and whether or not the registration is a best efforts underwritten offering to (1) obtain opinions of counsel to the Company (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriter or underwriters, if any, and the holders of a majority of the aggregate principal amount of Registrable Securities being sold) addressed to each selling holder and the underwriter or underwriters, if any, covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such holders and underwriters; and (2) obtain “cold comfort” letters and updates thereof from the Company’s independent certified public accountants addressed to the selling holders of Registrable Securities and the underwriter or underwriters, if any, such letters to be in customary form and covering matters of the type customarily covered in “cold comfort” letters received by underwriters in connection with primary underwritten offerings.


(o)    make available for inspection by representative of the holders of a majority of the aggregate principal amount of Registrable Securities, any underwriter participating in any disposition pursuant to any such Registration Statement, and any attorney or accountant retained by the sellers or underwriters, if any, all financial and other records, pertinent corporate documents and properties of the Company, and cause the company’s officers, directors and employees to supply all information reasonably requested by such representative, underwriter, attorney or accountant in connection with any such Registration Statement; provided, however, that any non-public records, information or documents that are designated by the Company in writing as confidential shall be kept confidential by such persons unless disclosure of such records, information or documents is required by court or administrative order;


(p)    make generally available to its security holders earnings statements satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of any 12-month period (or 90 days, if such period is a fiscal year) (1) commencing at the end of any fiscal quarter in which Registrable Securities are sold to an underwriter or underwriters in a firm or best efforts underwritten offering, or (2) if not sold to an underwriter or underwriters in such an offering, beginning with the first month of the company’s first fiscal quarter commencing after the effective date of the Registration Statement, which statements shall cover said 12-month periods.


The Company may require each seller of Registrable Securities as to which any registration is being affected to furnish to the Company such information regarding the distribution of such securities as the Company may from time to time reasonably request in writing.


Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 5(c)(3) or 5(k) hereof, such holder will forthwith discontinue disposition of Registrable Securities until such holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 5(c)(3) or 5(k) hereof, or until it is advised in writing (the “Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings which are incorporated by reference in the Prospectus, and if so directed by the Company, such holder will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Registrable Securities at the time of receipt of such notice.  In the event the Company shall give any such notice, the time periods regarding the maintenance of the effectiveness of Registration Statement filed pursuant to Section 3 hereof shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 5(c)(3) or 5(c)(5) hereof to and including the date when each seller of Registrable Securities covered by such Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by Section 5(k) hereof or the Advice.  If for any other reason the effectiveness of any Registration Statement filed pursuant to Section 3 hereof is suspended or interrupted prior to the expiration of the time period regarding the maintenance of the effectiveness of such Registration Statement required by such Section 3 so that Registrable Securities may not be sold pursuant thereto, the applicable time periods shall be extended by the number of days equal to the number of days during the period beginning with and including the date of such suspension or interruption to and including the date when the sale of Registrable Securities pursuant to such Registration Statement may be recommenced.


6.    REGISTRATION EXPENSES


(a)    All expenses incident to the company’s performance of or compliance with this Agreement, including without limitation all registration and filing fees, fees with respect to filings required to be made with the Financial Industries Regulatory Authority fees and expenses of compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for the


- 4 -



underwriter or underwriters, if any, or selling holders in connection with blue sky registrations of qualifications of the Registrable Securities and determination of their eligibility for investment under the laws of such jurisdictions as the managing underwriter or underwriters, if any, or holders of a majority of the aggregate principal amount of Registrable Securities being sold may reasonably designate), printing expenses, messenger, telephone and delivery expenses, and fees and disbursements of counsel for the Company and for the sellers of the Registrable Securities (subject to the provisions of Section 6(b) hereof) and of all independent certified public accountants of the company (including the expenses of any special audit and “cold comfort” letters required by or incident to such performance), underwriters, selling brokers, dealer managers (or similar securities industry professionals relating to the distribution of the Registrable Securities or legal expenses of any person other than the Company and the selling holders), securities acts liability insurance if the Company so desires and fees and expenses of other persons retained by the Company (all such expenses being herein called “Registration Expenses”) will be borne by the Company, regardless of whether the Registration Statement becomes effective, except as otherwise required by applicable laws.  The Company will, in any event, pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting expenses incurred in connection with the listing of the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed and the fees and expenses of any person, including special experts, retained by the Company.


(b)    In connection with such Registration Statement to be filed hereunder, the Company will reimburse the holders of Registrable Securities being registered in such registration for the reasonable fees and disbursements of not more than one counsel chosen by the holders of a majority of the aggregate principal amount of such Registrable Securities.


7.    INDEMNIFICATION


(a)    Indemnification by Company.  The Company agrees to indemnify and hold harmless, to the full extent permitted by law, each holder of Registrable Securities, its officers, directors and employees and each person who controls such holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and expenses caused by any untrue or alleged untrue statement of a material fact contained in any Registration Statement, Prospectus or preliminary prospectus or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as the same are caused by or contained in any information furnished in writing to the Company by, or on behalf of, such holder expressly for use therein; provided, however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in any such Registration Statement, Prospectus or preliminary prospectus if (i) such holder failed to deliver a copy of the Prospectus to the person asserting such loss, claim, damage, liability or expense after the Company had furnished such holder with the number of copies of the same requested by such holder and (ii) the Prospectus corrected such untrue statement or omission; provided, further however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission in the Prospectus, if such untrue statement or alleged untrue statement, omission or alleged omission is corrected in an amendment or supplement to the Prospectus and the holder of Registrable Securities thereafter fails to deliver such Prospectus as so amended or supplemented prior to or concurrently with the sale of the Registrable Securities to the person asserting such loss, claim, damage, liability or expense after the Company had furnished such holder with the number of copies of the same requested by such holder.  The Company will also indemnify underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, their officers and directors and each person who controls such persons (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification of the holders of Registrable Securities, if requested.


(b)    Indemnification by Holder of Registrable Securities.  In connection with each Registration Statement filed pursuant to the terms of this Agreement, each holder of Registrable Securities will furnish, or cause to be furnished, to the Company in writing such information and affidavits as the company reasonably requests for use in connection with such Registration Statement or the Prospectus contained therein and agrees to indemnify and hold harmless, to the full extent permitted by law, the Company, its directors and officers and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses resulting from any untrue statement of a material fact or any omission of a material fact required to be stated in the Registration Statement or Prospectus or preliminary prospectus or necessary to make the statements therein not misleading, to the extent, but only to the extent, that such untrue statement or omission is contained in any information or affidavit so furnished in writing by, or on behalf of, such holder to the Company specifically for inclusion in such Registration Statement or Prospectus.  In no event shall the liability of any selling holder of Registrable Securities hereunder be greater in amount than the dollar amount of the proceeds received by such holder upon the sale of Registrable Securities giving rise to such indemnification obligation.  The Company shall be entitled to seek to receive indemnities from underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, to the same extent as provided above with respect to information so furnished in writing by, or on behalf of, such persons specifically for inclusion in any Prospectus or Registration Statement.


- 5 -



(c)    Conduct of Indemnification Proceedings.  Any person entitled to indemnification hereunder will (i) give prompt notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, however, that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such separate counsel shall be at the expense of such person unless (a) the indemnifying party has agreed to pay such fees or expenses, or (b) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably satisfactory to such person or (c) in the reasonable judgment of any such person, based upon advice of its counsel, a conflict of interest may exist between such person and the indemnifying party with respect to such claims or such person may have one or more legal defenses available to it which are different from or additional to those available to the indemnifying party (in either of which cases, if the person notifies the indemnifying party in writing that such person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such person).  If such defense is not assumed by the indemnifying party, the indemnifying party will not be subject to any liability for any settlement made without its consent (but such consent shall not be unreasonably withheld).  No indemnified party will be required to consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.  An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim, in which event the indemnifying party shall be obligated to pay the fees and expenses of such additional counsel or counsels; provided, however, that the indemnifying party shall only be obligated to pay the fees and expenses of up to two additional counsels.


(d)    Contribution.  If for any reason the indemnification provided for in the preceding clauses (a) and (b) is unavailable to any indemnified party or is insufficient to hold it harmless as contemplated by the preceding clauses (a) and (b), then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the indemnified party and the indemnifying party, but also the relative fault of the indemnified party and the indemnifying party, as well as any other relevant equitable considerations; provided, however, that no holder of Registrable Securities shall be required to contribute an amount greater than the dollar amount of the proceeds received by such holder of any Registrable Securities.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.


8.    RULE 144


The Company covenants that it will file the reports required to be filed by it under the Securities Act or the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the company is not required to file such reports, it will, upon the request of any holder of Registrable Securities made after the date hereof make publicly available equivalent current information so long as necessary to permit sales pursuant to Rule 144 under the Securities Act), and it will take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable Securities without registration under the Securities Act pursuant to the exemptions provided by (a) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the SEC.  Upon the request of any holder of Registrable Securities, the Company will deliver to such holder a written statement as to whether it has complied with such information and requirements.


9.    PARTICIPATION IN UNDERWRITTEN REGISTRATIONS


If any of the Registrable Securities covered by a Shelf Registration are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering will be selected by the holders of a majority of the aggregate principal amount of Registrable Securities included in such offering.


No person may participate in any underwritten registration hereunder unless such person (a) agrees to sell such person’s securities on the basis provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements.  Nothing in this Section 9 shall be construed to create any additional rights regarding the registration of Registrable Securities in any person otherwise than as set forth herein.


- 6 -



10.    MISCELLANEOUS


(a)    No Inconsistent Agreements.  The Company will not on or after the date of this Agreement enter into any agreement with respect to its securities which is inconsistent with the rights granted to the holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof.  The Company has not previously entered into any agreement with respect to its securities granting any registration rights to any person.  The rights granted to the holders of Registrable Securities hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the Company’s securities under any such agreements.


(b)    Amendments and Waivers.  The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to, or departures from the provisions hereof may not be given unless the Company has obtained the written consent of the holders of at least a majority of the aggregate principal amount of the then outstanding Registrable Securities.


(c)    Notices.  All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, electronic mail, telecopier, or air courier guaranteeing overnight delivery:


(i)    if to a holder of Registrable Securities, at the most current address given by such holder to the Company; and


(ii)    if to the Company, initially at its address set forth in the Convertible Promissory Note and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 10(c), with a copy to Sonfield & Sonfield, 2500 Wilcrest Drive, 3rd Floor, Houston, Texas 77042, Attention: Robert L. Sonfield, Jr., Esq.


(d)    Successors and Assigns.  This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the persons which is an indemnified party under Section 7(a) or 7(b) and of each of the parties, including without limitation and without the need for an express assignment, subsequent holders of Registrable Securities.


(e)    Counterparts.  This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.


(f)    Headings.  The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.


(g)    Governing Law.  This Agreement shall be governed by and construed in accordance with the internal laws of the State of Nevada.


(h)    Severability.  In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby.


(i)    Entire Agreement.  This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein.  There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Company with respect to the Convertible Promissory Note.  This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.


(j)    Attorneys’ Fees.  In any action or proceeding brought to enforce any provision of this Agreement, the successful party shall be entitled to recover reasonable attorneys’ fees in addition to its costs and expenses and any other available remedy.


(k)    Securities Held by the Company or its Affiliates.  Whenever the consent or approval of holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Company or its Affiliates (other than the Note Holder or subsequent holders of Registrable Securities, if such subsequent holders are deemed to be Affiliates solely by reason of their holdings of such Registrable Securities) shall not be counted in determining whether such consent or approval was given by the holders of such required percentage.


- 7 -



IN WITNESS WHEREOF, the Company and the Note Holder have executed this Agreement as of the date first written above.


Aristocrat Group Corp.


By:  /s/ Chris Less

       Chris Less, President and CEO

Vista View Ventures, Inc.


By:  /s/ Thomas Cloud

       Thomas Cloud, President


- 8 -


EX-14 7 ex_14-1.htm CODE OF ETHICS

Exhibit 14.1


ARISTOCRAT GROUP CORP.

CODE OF BUSINESS CONDUCT AND ETHICS

(ADOPTED BY THE BOARD OF DIRECTORS ON JULY 20, 2011


INTRODUCTION


                  This Code of Business Conduct and Ethics (the “CODE”) covers a wide range of business practices and procedures. It does not cover every issue that may arise but it sets out basic principles to guide all employees of the Company. All of our officers, directors and employees must conduct themselves accordingly and seek to avoid even the appearance of improper behavior. The Code should also be provided to and followed by the Company’s agents and representatives, including consultants.


                  If a law conflicts with a policy in this Code, you must comply with the law. If you have any questions about these conflicts, you should ask your supervisor or an officer of the company.  


                  Those who violate standards in this Code will be subject to disciplinary action, up to and including termination of employment.


         1.      COMPLIANCE WITH LAWS, RULES AND REGULATIONS


                  Obey the law, both in letter and in spirit, is the foundation on which our ethical standards are built. All employees must respect and obey the laws of the cities, states and countries in which we operate. Although not all employees are expected to know the details of these laws, it is important to know enough about them to determine when to seek advice from supervisors, managers or other appropriate personnel.


         2.      CONFLICTS OF INTEREST


                  A “conflict of interest” exists when a person’s private interests interferes in any way with the interests of the Company. A conflict situation can arise when an employee, officer or director takes actions or has interests that may make it difficult to perform his or her Company work objectively and efficiently. Conflicts of interest may also arise when an employee, officer or director, or members of his or her family, receives improper personal benefits as a result of his or her position in the Company. Loans to, or guarantees of obligations of, employees and their family members may create conflicts of interest.


                  It is almost always a conflict of interest for a Company employee to work simultaneously for a competitor, customer or supplier. You are not allowed to work for a competitor as a consultant or board member. The best policy is to avoid any direct or indirect business connection with our customers, suppliers or competitors, except on our behalf. Conflicts of interest are prohibited as a matter of Company policy, except under guidelines approved by our board of directors (“BOARD OF DIRECTORS”). Conflicts of interest may not always be clear-cut, so if you have a question, you should consult with higher levels of management. Any employee, officer or director who becomes aware of a conflict or potential conflict should bring it to the attention of a supervisor, manager or other appropriate personnel or consult with the procedures described in Section 14 of this Code.


- 1 -



         3.      INSIDER TRADING


                  Employees who have access to confidential information are not permitted to use or share that information for stock trading purposes or for any other purpose except the conduct of our business. All non-public information about the Company should be considered confidential information. To use non-public information for persona financial benefit or to “tip” others who might make an investment decision on the basis of this information is not only unethical but also illegal.


         4.      CORPORATE OPPORTUNITIES


                  Employees, officer and directors are prohibited from taking for themselves personally, opportunities that are discovered through the use of corporate property, information or position without the consent of the Board of Directors. No employee may use corporate property, information or position for improper personal gain, and no employee may compete with the Company, directly or indirectly.


         5.      COMPETITION AND FAIR DEALING


                  We seek to outperform our competition fairly and honestly. Stealing proprietary information, possessing trade secret information that was obtained without the owner’s consent, or inducing such disclosures by past or present employees of other companies is prohibited. Each officer, director and employee should respect the rights of and deal fairly with the Company’s customers, suppliers, competitors and employees. No employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other intentional unfair-dealing practice.


                  The purpose of business entertainment and gifts in a commercial setting is to create good will and sound working relationships, not to gain unfair advantage with customers. No gift, or entertainment should ever be offered, given, provided or accepted by any Company employee, family member of an employee or agent, unless it (a) is not in cash, (b) is consistent with customary business practices, (c) is not excessive in value, (d) cannot be construed as a bribe or payoff and (e) does not violate any laws or regulations. Please discuss with your supervisor any gifts or proposed gifts that you are not certain are appropriate.


         6.      DISCRIMINATION AND HARASSMENT


                  The diversity of the Company’s employees is a tremendous asset. We are firmly committed to providing equal opportunity in all respects aspects of employment and will not tolerate illegal discrimination or harassment of any kind. Examples include derogatory comments based on racial or ethnic characteristics and unwelcome sexual advances.


         7.      HEALTH AND SAFETY


                  The Company strives to provide each employee with a safe and healthy work environment. Each employee has responsibility for maintaining a safe and healthy workplace for all employees by following safety and health rules and practices and reporting accidents, injuries and unsafe equipment, practices or conditions.


                  Violence and threatening behavior are not permitted. Employees should report to work in condition to perform their duties, free from the influence of illegal drugs or alcohol. The use of alcohol and/or illegal drugs in the workplace will not be tolerated.


- 2 -



         8.      RECORD-KEEPING


                  The Company requires honest and accurate recording and reporting of information in order to make responsible business decisions. For example, only the true and actual number of hours worked should be reported.


                  Many employees regularly use business expense accounts, which must be documented and recorded accurately. If you are not sure whether a certain expense is legitimate, ask your supervisor or the Company’s controller or chief financial officer (“CFO”).


                  All of the Company’s books, records, accounts and financial statements must be maintained in reasonable detail, must appropriately reflect the Company’s transactions and must conform to both applicable legal requirements and to the Company’s systems of accounting and internal controls. Unrecorded or “off the books” funds or assets should not be maintained unless permitted by applicable laws or regulations.


                  Business records and communications often become public, and we should avoid exaggeration, derogatory remarks, guesswork or inappropriate characterizations of people and companies that can be misunderstood. This applies equally to e-mail, internal memos and formal reports. Records should always be retained or destroyed according to the Company’s record retention policies. In accordance with these policies, in the event of litigation or governmental investigation please consultant your supervisor. All e-mail communications are the property of the Company and employees, officers and directors should not expect that Company or personal e-mail communications are private. All e-mails are the property of the Company. No employee, officer or director shall use Company computers, including to access the internet, for personal or non-Company business.


         9.      CONFIDENTIALITY


                  Employees must maintain the confidentiality of confidential information entrusted to them by the Company or its customers, except when disclosure is required by laws or regulations. Confidential information includes all non-public information that might be of use to competitors, or harmful to the Company or its customers, if disclosed. It also includes information that suppliers and customers have entrusted to us. The obligation to preserve confidential information continues even after employment ends. In connection with this obligation, employees, officers and directors may be required to execute confidentiality agreements confirming their agreement to be bound not to disclose confidential information. If you are uncertain whether particular information is confidential or non-public, please consult your supervisor.


         10.    PROTECTION AND PROPER USE OF COMPANY ASSETS


                  All officers, directors and employees should endeavor to protect the Company’s assets and ensure their efficient use. Theft, carelessness and waste have a direct impact on the Company’s profitability. Any suspected incident of fraud or theft should be immediately reported for investigation. Company equipment should not be used for non-Company business.


                  The obligation of officers, directors and employees to protect the Company’s assets includes it proprietary information. Proprietary information includes intellectual property such as trade secrets, patents, trademarks and copyrights, as well as business, marketing and service plans, engineering and manufacturing ideas, designs, databases, records, salary information and any unpublished financial data and reports. Unauthorized use or distribution of this information would violate Company policy. It could also be illegal and result in civil or even criminal penalties.


- 3 -



         11.    PAYMENTS TO GOVERNMENT PERSONNEL


                  The Unites States Foreign Corrupt Practices Act prohibits giving anything of value, directly or indirectly, to officials of foreign governments or foreign political candidates in order to obtain or retain business. It is strictly prohibited to make illegal payments to government officials of any country.


                  In addition, the U. S. government has a number of laws and regulations regarding business gratuities that may be accepted by U.S. government personnel. The promise, offer or delivery to an official or employee of the U.S. government of a gist, favor or other gratuity in violation of these rules would not only violate Company policy, but could also be a criminal offense. State and local governments, as well as foreign governments, may have similar rules.


         12.    WAIVERS OF THE CODE OF BUSINESS CONDUCT AND ETHICS


                  Any waiver of the provisions of this Code may be made only by the Board of Directors and will be promptly disclosed as required by law or stock exchange rule or regulation.


         13.    REPORTING ANY ILLEGAL OR UNETHICAL BEHAVIOR


                  Employees are encouraged to talk with supervisors, managers or Company officials about observed illegal or unethical behavior, and when in doubt about the best course of action in an particular situation. It is the Company’s policy not to allow retaliation for reports of misconduct by others made in good faith by employees. Employees are expected to cooperate in internal investigations of misconduct, and the failure to do so could serve as grounds for termination. Any employee may submit a good faith concern regarding questionable accounting or auditing matters without fear of dismissal or retaliation of any kind.


         14.    COMPLIANCE PROCEDURES


                  We must all work to ensure prompt and consistent action against violations of this Code. However, in some situations, it is difficult to know if a violation has occurred. Since we cannot anticipate every situation that may arise, it is important that we have a way to approach a new question or problem. These are steps to keep in mind:


MAKE SURE YOU HAVE ALL THE FACTS. In order to reach the rights solutions, we must be as fully informed as possible.


ASK YOURSELF, WHAT SPECIFICALLY AM I BEING ASKED TO DO – DOES IT SEEM UNETHICAL OR IMPROPER? This will enable you to focus on the specific question you are faced with, and the alternatives you have. Use your judgment and common sense; if something seems unethical or improper, it probably is.


CLARIFY YOUR RESPONSIBILITY AND ROLE. In most situations, there is shared responsibility. Are your colleagues informed? It may help to get others involved and discuss the problem.


DISCUSS THE PROBLEM WITH YOUR SUPERVISOR. This is the basic guidance for all situations. In many cases, your supervisor will be more knowledgeable about the question, and will appreciate being brought into the decision-making process. Keep in mind that it is your supervisor’s responsibility to help solve problems. If your supervisor does not or cannot remedy the situation, or you are uncomfortable binging the problem to the attention of your supervisor, bring the issue to the attention of the human resources supervisor, or to an officer of the Company.


- 4 -



YOU MAY REPORT ETHICAL VIOLATIONS IN CONFIDENCE AND WITHOUT FEAR OF RETALIATION. If your situation requires that your identity be kept secret, your anonymity will be protected. The Company does not permit retaliation of any kind for good faith reports of ethical violations.


ALWAYS ASK FIRST - ACT LATER. If you are unsure of what to do in any situation, seek guidance BEFORE YOUR ACT.


CODE OF ETHICS FOR THE CHIEF EXECUTIVE OFFICER AND SENIOR FINANCIAL OFFICERS


The Company has a Code of Business Conduct and Ethics applicable to all employees, officers and directors of the Company. The Chief Executive Officer (“CEO”) and senior financial officers of the Company, including its CFO and principal accounting officer, are bound by the provisions set forth therein relating to ethical conduct, conflicts of interest and compliance with law. In addition to the Code of Business Conduct and Ethics, the CEO and senior financial officers of the Company are also subject to the following specific policies:


         1.         The CEO and senior financial officers are responsible for full, fair, accurate, timely and understandable disclosure in the periodic reports and other filings required to be made by the Company with the Securities and Exchange Commission. Accordingly, it is the responsibility of the CEO and each senior financial officer promptly to bring to the attention of the Board of Directors any material information of which he or she may become aware that affects the disclosures made by the Company in its public filings or otherwise impairs the ability of the Company to make full, fair, accurate, timely and understandable public disclosures.


         2.         The CEO and each senior financial officer shall promptly bring to the attention of the Company’s Audit Committee any information he or she may have concerning (a) significant deficiencies in the design or operation of internal controls which could adversely affect the Company’s ability to record, process, summarize and report financial data or (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s financial reporting, disclosures or internal controls.


         3.         The CEO and each senior financial officer shall promptly bring to the attention of the Board of Directors and the Audit Committee any information he or she may have concerning any violation of the Company’s Code of Business Conduct and Ethics, including any actual or apparent conflicts of interest between personal and processional relationships, involving management or other employees who have a significant rule in the Company’s financial reporting, disclosures or internal controls.


         4.         The CEO and each senior financial officer shall promptly bring to the attention of the Board of Directors and Audit Committee any information he or she may have concerning evidence of a material violation of the securities or other laws, rules or regulations applicable to the Company and the operation of its business, by the Company or any agent thereof, or of violation of the Code of Business Conduct and Ethics or of these additional procedures.


- 5 -



         5.         The Board of Directors shall determine, or designate appropriate persons to determine, appropriate actions to be taken in the event of violations of the Code of Business Conduct and Ethics of these additional procedures by the CEO and the Company’s senior financial officers. Such actions shall be reasonably designed to deter wrongdoing and to promote accountability for adherence to the Code of Business Conduct and Ethics and to these additional procedures, and shall include written notices to the individual involved that the Board has determined that there has been a violation, censure by the Board, demotion or reassignment of the individual involved, suspension with or without pay or benefits (as determined by the Board) and termination of the individual’s employment. In determining what action is appropriate in a particular case, the Board of Directors or such designee shall take into account all relevant information, including the nature and severity of the violation, whether the violation was a single occurrence or repeated occurrences, whether the violation appears to have been intentional or inadvertent, whether the individual in question had been advised prior to the violation as to the proper course of action and whether or not the individual in question had committed other violations in the past.


- 6 -


EX-21 8 ex_21-1.htm LIST OF SUBSIDIARIES OF THE REGISTRANT

Exhibit 21.1


SUBSIDIARIES OF THE REGISTRANT


Luxuria Brands LLC, a Wyoming limited liability corporation, is a wholly owned subsidiary of Aristocrat Group Corp.


Level Two Holdings, LLC, a Texas limited liability corporation, is a wholly owned subsidiary of Aristocrat Group Corp.


Top Shelf Distributing, LLC, a Texas limited liability corporation, is a wholly owned subsidiary of Aristocrat Group Corp.



EX-23 9 ex_23-1i.htm CONSENT OF MALONEBAILEY, LLP

Exhibit 23.1(i)



CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We consent to the incorporation in this Registration Statement on Form S-1 of our report dated November 16, 2015 with respect to the audited consolidated financial statements of Aristocrat Group Corp for the year ended July 31, 2015.


We also consent to the references to us under the heading “Experts” in such Registration Statement.


/s/ MaloneBailey, LLP

www.malonebailey.com

Houston, Texas

January 29, 2016



EX-23 10 ex_23-1ii.htm CONSENT OF GBH CPAS, PC

Exhibit 23.1(ii)


CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors

Aristocrat Group Corp.

Miramar Beach, FL


We hereby consent to the inclusion in this Registration Statement on Form S-1 of our report dated November 13, 2014 relating to the consolidated financial statements of Aristocrat Group Corp. for the year ended July 31, 2014. We also consent to the reference to our firm under the heading “Experts” appearing therein.


/s/ GBH CPAs, PC


GBH CPAs, PC

www.gbhcpas.com

Houston, Texas


February 1, 2016




GRAPHIC 11 aristocrat_logo.jpg GRAPHIC begin 644 aristocrat_logo.jpg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end GRAPHIC 12 sonfield_signature.gif GRAPHIC begin 644 sonfield_signature.gif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malone-bailey_logo.jpg GRAPHIC begin 644 malone-bailey_logo.jpg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�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ascc-20151031.xml XBRL INSTANCE FILE 0001527027 2014-08-01 2015-07-31 0001527027 2015-07-31 0001527027 2014-07-31 0001527027 2013-08-01 2014-07-31 0001527027 us-gaap:CommonStockMember 2014-08-01 2015-07-31 0001527027 us-gaap:CommonStockMember 2014-07-31 0001527027 us-gaap:CommonStockMember 2015-07-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2014-08-01 2015-07-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2014-07-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2015-07-31 0001527027 us-gaap:RetainedEarningsMember 2014-08-01 2015-07-31 0001527027 us-gaap:RetainedEarningsMember 2014-07-31 0001527027 us-gaap:RetainedEarningsMember 2015-07-31 0001527027 2013-07-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ascc:CustomerOneMember 2014-08-01 2015-07-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ascc:CustomerTwoMember 2014-08-01 2015-07-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ascc:CustomerOneMember 2013-08-01 2014-07-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ascc:CustomerTwoMember 2013-08-01 2014-07-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember ascc:CustomerOneMember 2014-08-01 2015-07-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember ascc:CustomerTwoMember 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember 2013-08-01 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable1Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable2Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable3Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable4Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable5Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable6Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable7Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable8Member 2014-08-01 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable1Member 2013-08-01 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable2Member 2013-08-01 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable4Member 2013-08-01 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember us-gaap:ConvertibleNotesPayableMember 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable1Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable2Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable3Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable4Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable5Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable6Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable7Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable8Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember us-gaap:ConvertibleNotesPayableMember 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable1Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable2Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable3Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable4Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable5Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable6Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable7Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable8Member 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember 2014-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate1Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate2Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate3Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate4Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate5Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate7Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate8Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member ascc:ReportDate9Member 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable1Member 2014-08-01 2015-07-31 0001527027 us-gaap:ConvertibleNotesPayableMember 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable9Member 2013-08-01 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable9Member 2014-07-31 0001527027 2015-04-16 2015-04-17 0001527027 ascc:VistaViewVenturesIncMember us-gaap:MaximumMember 2014-07-31 0001527027 ascc:VistaViewVenturesIncMember us-gaap:MinimumMember 2014-07-31 0001527027 ascc:MontegoBlueEnterprisesCorporationMember ascc:ConvertibleNotesPayable1Member 2015-07-31 0001527027 ascc:THMConsultingCorpMember ascc:ConvertibleNotesPayable1Member 2015-07-31 0001527027 ascc:JaxonGroupCorpMember ascc:ConvertibleNotesPayable1Member 2015-07-31 0001527027 us-gaap:CommonStockMember ascc:IlyaSolodovMember 2014-08-01 2015-07-31 0001527027 us-gaap:SeriesEPreferredStockMember 2015-06-12 0001527027 us-gaap:SeriesEPreferredStockMember ascc:BloiseInternationalCorporationMember 2015-06-12 0001527027 us-gaap:SeriesEPreferredStockMember ascc:IlyaSolodovMember 2015-06-11 2015-06-12 0001527027 us-gaap:SeriesEPreferredStockMember ascc:IlyaSolodovMember 2015-06-12 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-08-13 2015-08-14 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-08-23 2015-08-24 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable11Member 2015-08-31 2015-09-01 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-08-31 2015-09-02 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-09-10 2015-09-11 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-09-23 2015-09-24 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-10-07 2015-10-08 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable1Member 2015-10-15 2015-10-16 0001527027 ascc:ConvertibleNotesPayable12Member ascc:BloiseInternationalCorporationMember 2015-03-31 0001527027 ascc:BloiseInternationalCorporationMember 2015-06-01 0001527027 ascc:BloiseInternationalCorporationMember 2015-05-31 2015-06-01 0001527027 ascc:BloiseInternationalCorporationMember 2014-08-01 2015-07-31 0001527027 ascc:ConvertibleNotesPayable10Member 2013-08-01 2014-07-31 0001527027 ascc:ConvertibleNotesPayable1Member 2013-08-01 2014-07-31 0001527027 ascc:KMDelaneyAndAssocMember 2014-08-01 2015-07-31 0001527027 ascc:KMDelaneyAndAssocMember 2013-08-01 2014-07-31 0001527027 us-gaap:SeriesEPreferredStockMember 2015-07-31 0001527027 us-gaap:SeriesEPreferredStockMember 2014-08-01 2015-07-31 0001527027 ascc:JaxonGroupCorpMember ascc:InvestmentAgreementMember 2014-09-15 0001527027 ascc:JaxonGroupCorpMember ascc:InvestmentAgreementMember 2014-09-14 2014-09-15 0001527027 ascc:JaxonGroupCorpMember ascc:RegistrationRightsAgreementMember 2014-09-15 0001527027 2015-10-31 0001527027 2015-08-01 2015-10-31 0001527027 2014-08-01 2014-10-31 0001527027 us-gaap:CommonStockMember 2015-08-01 2015-10-31 0001527027 us-gaap:CommonStockMember 2015-10-31 0001527027 us-gaap:SeriesEPreferredStockMember 2015-08-01 2015-10-31 0001527027 us-gaap:SeriesEPreferredStockMember 2015-10-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2015-08-01 2015-10-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2015-10-31 0001527027 us-gaap:RetainedEarningsMember 2015-08-01 2015-10-31 0001527027 us-gaap:RetainedEarningsMember 2015-10-31 0001527027 2014-10-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ascc:CustomerOneMember 2015-08-01 2015-10-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ascc:CustomerTwoMember 2015-08-01 2015-10-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember ascc:CustomerOneMember 2015-08-01 2015-10-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember ascc:CustomerTwoMember 2015-08-01 2015-10-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember 2015-08-01 2015-10-31 0001527027 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember 2014-08-01 2014-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate1Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate2Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate3Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate4Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate5Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate6Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate7Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember ascc:ReportDate8Member 2015-08-01 2015-10-31 0001527027 us-gaap:ConvertibleNotesPayableMember 2015-08-01 2015-10-31 0001527027 ascc:KMDelaneyAndAssocMember 2015-08-01 2015-10-31 0001527027 ascc:KMDelaneyAndAssocMember 2014-08-01 2014-10-31 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable10Member 2015-11-15 2015-11-16 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable1Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable2Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable3Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable4Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable5Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable6Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable7Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable8Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable9Member 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable9Member 2015-07-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable1Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable2Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable3Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable4Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable5Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable6Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable7Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable8Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember ascc:ConvertibleNotesPayable9Member 2015-08-01 2015-10-31 0001527027 ascc:VistaViewVenturesIncMember 2015-10-31 0001527027 ascc:ConvertibleNotesPayable10Member 2015-10-31 0001527027 ascc:ConvertibleNotesPayable10Member 2015-08-01 2015-10-31 0001527027 ascc:BloiseInternationalCorporationMember 2015-10-31 0001527027 ascc:BloiseInternationalCorporationMember 2015-08-01 2015-10-31 0001527027 ascc:BloiseInternationalCorporationMember 2015-08-31 2015-09-01 0001527027 us-gaap:CommonStockMember 2013-08-01 2014-07-31 0001527027 us-gaap:CommonStockMember 2013-07-31 0001527027 us-gaap:SeriesEPreferredStockMember 2013-08-01 2014-07-31 0001527027 us-gaap:SeriesEPreferredStockMember 2013-07-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2013-08-01 2014-07-31 0001527027 us-gaap:AdditionalPaidInCapitalMember 2013-07-31 0001527027 us-gaap:RetainedEarningsMember 2013-08-01 2014-07-31 0001527027 us-gaap:RetainedEarningsMember 2013-07-31 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable10Member 2015-12-21 2015-12-22 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable10Member 2016-01-06 2016-01-07 0001527027 us-gaap:SubsequentEventMember ascc:ConvertibleNotesPayable10Member 2016-01-17 2016-01-18 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure ascc:N S-1 2015-10-31 71446 94314 120724 -4119782 -1941106 -4811382 3382525 1644609 3921231 2011 780 2656 805692 390031 1007219 5611 49609 70751 49609 70751 44991 44991 705586 307084 921689 85275 129063 409518 409518 666197 666197 210793 307084 108044 71446 94314 120724 1367 1367 1367 6615 6206 63464 92947 113151 10365 14906 53258 37103 57168 48853 8585 7770 2224 7411 13103 205153 8816 12113 2010628 780418 2655557 2010628 780418 2655557 480000000 480000000 480000000 0.001 0.0010 0.001 1000000 1000000 1000000 1000000 20000000 20000000 1000000 20000000 0.001 0.0010 0.001 0.001 988456 647245 2281571 780418 -2.20 -2.12 -0.3 -0.52 -2178676 -1372360 -2178676 -691600 -407546 -691600 -1372360 638914 365275 304120 74269 -1539762 -1007085 -387480 -333277 1079373 626125 268264 213145 480612 382165 122232 127291 20223 1205 3016 7159 402450 157918 402450 630900 157918 825872 825872 14029 330349 826 329523 330349 5611 14 5597 140000 -5692 -192050 1405 -990 1142949 602059 539507 331561 -1140506 -794109 -538102 -324416 5611 140854 62867 52059 25873 233945 204210 -102749 45513 -20065 -31441 11750 -51698 -4541 14906 42893 79130 815 7770 -6361 9468 1520 409 249 492449 302409 252061 48395 <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 1. General Organization and Business</b></font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Overview</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Aristocrat Group Corp. was incorporated on July 20, 2011 in Florida.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On April 1, 2015, the Company reincorporated from Florida to Nevada. The Company&#146;s board of directors and majority shareholder consented to the reincorporation. Each of our shareholders on the record date received one share of the Nevada company&#146;s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder received at least five shares. The Nevada company is authorized to issue 480 million shares of common stock and 20 million shares of preferred stock, each with a par value of $0.001 per share. The board of directors and officers of the Nevada company consists of the same persons who are currently directors and officers</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On February 3, 2015, our board of directors adopted the 2015 Omnibus Equity Incentive Plan.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (&#147;Top Shelf&#148;) as our wholly owned subsidiary.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (&#147;RWB Vodka&#148;).</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Our fiscal year end is July 31.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 1. General Organization and Business</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Aristocrat Group Corp., a Nevada corporation, was incorporated on July 20, 2011. Our year-end is July 31.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (&#147;Top Shelf&#148;) as our wholly owned subsidiary.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (&#147;RWB Vodka&#148;).</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 2. Going Concern</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">For the year ended July 31, 2015, the Company had a net loss of $2,178,676 and negative cash flow from operating activities of $1,140,506. As of July 31, 2015, the Company had negative working capital of $642,122. Management does not anticipate having positive cash flow from operations in the near future.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">These factors raise a substantial doubt about the Company&#146;s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Management has plans to address the Company&#146;s financial situation as follows:</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In the near term, management plans to continue to focus on raising the funds necessary to implement the Company&#146;s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company&#146;s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company&#146;s ability to continue as a going concern.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In the long term, management believes that the Company&#146;s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company&#146;s future growth. However, there can be no assurances that the Company&#146;s planned activities will be successful, or that the Company will ultimately attain profitability. The Company&#146;s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 2. Going Concern</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the three months ended October 31, 2015, the Company had a net loss of $691,600 and negative cash flow from operating activities of $538,102. As of October 31, 2015, the Company had negative working capital of $808,538. Management does not anticipate having positive cash flow from operations in the near future.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">These factors raise a substantial doubt about the Company&#146;s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or implement its business plan. Without additional capital, the Company will not be able to remain in business.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Management has plans to address the Company&#146;s financial situation as follows:</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In the near term, management plans to continue to focus on raising the funds necessary to implement the Company&#146;s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company&#146;s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company&#146;s ability to continue as a going concern.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In the long term, management believes that the Company&#146;s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company&#146;s future growth. However, there can be no assurances that the Company&#146;s planned activities will be successful, or that the Company will ultimately attain profitability. The Company&#146;s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 3. Summary of Significant Accounting Policies</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The significant accounting policies that the Company follows are:</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Basis of Presentation</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the &#147;SEC&#148;). The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (&#147;GAAP&#148;).</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Principles of Consolidation</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the &#147;Company&#148;). All material intercompany accounts and transactions are eliminated in consolidation.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of Estimates</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Reclassifications</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Certain prior period amounts have been reclassified to conform with the current period presentation.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and Cash Equivalents</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $7,411 and $13,103 at July 31, 2015 and July 31, 2014, respectively.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Pursuant to FASB ASC paragraph 310-10-35-47 trade receivables that management has the intent and ability to hold for the foreseeable future shall be reported in the balance sheet at outstanding principal adjusted for any charge-offs and the allowance for doubtful accounts. The Company follows FASB ASC paragraphs 310-10-35-7 through 310-10-35-10 to estimate the allowance for doubtful accounts. Pursuant to FASB ASC paragraph 310-10-35-9, losses from uncollectible receivables shall be accrued when both of the following conditions are met: (a) Information available before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25) indicates that it is probable that an asset has been impaired at the date of the financial statements, and (b) The amount of the loss can be reasonably estimated. Those conditions may be considered in relation to individual receivables or in relation to groups of similar types of receivables. If the conditions are met, accrual shall be made even though the particular receivables that are uncollectible may not be identifiable. The Company reviews individually each trade receivable for collectability and performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer&#146;s current credit worthiness, as determined by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience, customer specific facts and general economic conditions that may affect a client&#146;s ability to pay. Bad debt expense is included in general and administrative expenses, if any.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Pursuant to FASB ASC paragraph 310-10-35-41 Credit losses for trade receivables (uncollectible trade receivables), which may be for all or part of a particular trade receivable, shall be deducted from the allowance. The related trade receivable balance shall be charged off in the period in which the trade receivables are deemed uncollectible. Recoveries of trade receivables previously charged off shall be recorded when received. The Company charges off its trade account receivables against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">As of July 31, 2015 and 2014, the Company had no allowance for bad debt.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: center; margin: 0"></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Inventory</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fixed Assets</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Our fixed assets include a trailer which was acquired during the year ended July 31, 2015. We depreciate the trailer over a five-year life using the straight-line depreciation method. During the year ended July 31, 2015, we recognized depreciation expense of $1,520.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Impairment of Long-Lived Assets</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. During the years ended July 31, 2015 and 2014, the Company has not recognized any impairment loss.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue Recognition</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows ASC 605, <i>Revenue Recognition</i> recognizing revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Sales of RWB Vodka are recognized when the product has been delivered to the purchaser.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income Taxes</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for income taxes under ASC 740 <i>Income Taxes</i>. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of at July 31, 2015 or July 31, 2014.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Earnings (Loss) per Common Share</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, <i>Earnings per Share</i>. The basic earnings (loss) per common share are calculated by dividing the Company&#146;s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company&#146;s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company&#146;s convertible debt is considered anti-dilutive due to the Company&#146;s net loss for the year ended July 31, 2015 and 2014. As a result, the Company did not have any potentially dilutive common shares for those periods. For the three months ended July 31, 2015 and 2014, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2015, the Company had 148,683,079 potentially issuable shares upon the conversion of convertible notes payable and interest.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Related Parties</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows ASC 850, <i>Related Party Disclosures</i>, for the identification of related parties and disclosure of related party transactions.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: center; margin: 0"></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial Instruments</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#146;s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">FASB Accounting Standards Codification (ASC) 820 <i>Fair Value Measurements and Disclosures</i> (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity&#146;s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 7%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 90%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">Level 1 -</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">Level 2 -</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">Level 3 -</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Inputs that are both significant to the fair value measurement and unobservable.</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company&#146;s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant Concentrations</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the year ended July 31, 2015, two customers generated 53% and 10% of our revenue. During the year ended July 31, 2014, those same customers generated 0% and 100% of our revenue. As of July 31, 2015, those two customers represented 95% and 0% of accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All of the Company&#146;s inventory was manufactured by a single supplier during the year ended July 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company&#146;s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company&#146;s product, there are alternative suppliers for its product at a competitive price.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recently Issued Accounting Pronouncements</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company&#146;s consolidated financial position, operations or cash flows.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 3. Summary of Significant Accounting Policies</b></font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interim Financial Statements</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#147;GAAP&#148;) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended July 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the &#147;SEC&#148;).</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The results of operations for the three-month period ended October 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2016.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of Estimates</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Inventory</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant Concentrations</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the three months ended October 31, 2015, two customers generated 44% and 9% of our revenue. As of October 31, 2015, those two customers represented 4% and 0% of our accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All of the Company&#146;s inventory was manufactured by a single supplier during the three months ended October 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company&#146;s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company&#146;s product, there are alternative suppliers for its product at a competitive price.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 4. Advances</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the years ended July 31, 2015 and 2014, the Company received net, non-interest bearing advances from Vista View Ventures Inc. totaling $1,142,949 and $602,059, respectively. No amounts were due under these advances as of July 31, 2015 and July 31, 2014. These advances are not collateralized, non-interest bearing and are due on demand. The advances were paid from Vista View Ventures, Inc. to KM Delaney and Assoc. (See Note 9) (&#147;KMDA&#148;) and then by KMDA to the Company on behalf of Vista View Ventures, Inc. These advances are typically converted to convertible notes payable on a quarterly basis as discussed below.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 5. Advances</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the three months ended October 31, 2015 and 2014, the Company received net, non-interest bearing advances totaling $539,507 and $331,561, respectively. Vista View Ventures, Inc. provided $521,122 and $331,561 of these advances for the three months ended October 31, 2015 and 2014, respectively. These advances are not collateralized, non-interest bearing and are due on demand. The advances were paid from Vista View Ventures Inc. to KM Delaney and Assoc. (See Note 8.) (&#147;KMDA&#148;) and then by KMDA to the Company on behalf of Vista View Ventures Inc. These advances are typically converted to convertible notes payable on a quarterly basis as discussed below. As of October 31, 2015 and July 31, 2015, advances in the amount of $18,385 and $0, respectively, are due under advances from third parties and are included in current liabilities on the consolidated balance sheets.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 6. Convertible Note Payable to Related Party</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On March 31, 2015, we issued a convertible note payable for $330,349 to Bloise International Corporation (&#147;Bloise&#148;), a significant shareholder of the Company. The note proceeds were used to reduce our accounts payable by the same amount. The note matures on March 31, 2017. This note is unsecured, bears interest at 10% and is convertible into shares of common stock at a rate of $0.40 per share. As discussed below, all principal on the note was fully converted and is no longer outstanding as of July 31, 2015.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company evaluated the terms of the notes in accordance with ASC Topic No. 815 &#150; 40, <i>Derivatives and Hedging - Contracts in Entity&#146;s Own Stock </i>and determined that the underlying common stock is indexed to the Company&#146;s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion features for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the notes and was deemed to be greater than the market value of underlying common stock at the inception of the note. As a result, we determined that no beneficial conversion feature was necessary on this note.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversions into Common Stock</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On June 1, 2015, Bloise International Corporation elected to convert $330,349 of principal into 825,872 shares of our common stock at a rate of $0.40 per share. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion. As of July 31, 2015, we owed Bloise $5,611 of accrued interest on the note.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 4. Related Party Transaction</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On September 1, 2015, Bloise International Corporation, a significant shareholder of the Company, converted $5,611 of accrued interest on a convertible note into 14,029 shares of our common stock.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 8. Stockholders&#146; Equity</b></font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beneficial Conversion Discount on Convertible Notes Payable</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the years ended July 31, 2015 and 2014, we recognized beneficial conversion discounts on issuance of convertible notes payable of $1,142,949 and $1,118,979, respectively. See Note 7.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion of shares</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During year ended July 31, 2015, we issued 402,450 shares of common stock as a result of conversions of convertible notes payable of $126,849. The conversions were effected by the original payee of the note or its subsequent assigns as discussed in Note 5 above. During the same period we issued 825,872 shares of common stock to Bloise as a result of a conversion of a convertible note payable of $330,349. During the year ended July 31, 2014, we issued 157,918 shares of common stock as a result of conversions of convertible notes payable of $315,835.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Preferred Stock</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On June 12, 2015, the board of directors designated 1,000,000 shares of Series E preferred stock. The Series E preferred stock has a par value of $0.001 and ranks subordinate to the Company&#146;s common stock. The outstanding shares of Series E preferred stock have the right to take action by written consent or vote based on the number of votes equal to twice the number of votes of all outstanding shares of capital stock. On the same date, the Company issued 1,000,000 shares of Series E preferred stock to Bloise International Corporation, a Panama corporation whose beneficial owner is Ilya Solodov (&#147;Bloise&#148;), for compensation in a control transaction. Prior to this transaction, Bloise owned 1,275,872 shares of common stock, or approximately 62%, of the Company. These shares were valued at $140,000 which was the estimated market value of the Series E Preferred Stock on the date of the transaction. The market value was determined by estimating the market value of the controlling interest in a public company.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 7. Stockholders&#146; Equity</b></font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion of shares</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During three months ended October 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" align="center" style="margin-top: 0px; font-size: 10pt"> <tr style="font-size: 1pt"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount Converted</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Shares Issued</b></font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">August 14, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">840</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">August 24, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,770</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">88,500</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 1, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5,611</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">14,029</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 2, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">420</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">21,000</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 11, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,780</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">89,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 24, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,700</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">135,000</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">October 8, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">690</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">34,500</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">October 16, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4,418</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">220,900</font></td></tr> <tr> <td style="vertical-align: top; font-weight: bold; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>$</b></font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">18,229</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">644,929</font></td></tr> </table> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 9. Commitments</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the years ended July 31, 2015 and 2014, KM Delaney &#38; Assoc. (&#147;KMDA&#148;) has provided office space and certain administrative functions to the Company. The services provided include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As a part of the services provided to the Company, KMDA receives the advances from the lender (See Note 7.) and disburses those funds to the Company. During the years ended July 31, 2015 and 2014, KMDA billed the Company $198,858 and $169,061, respectively, for those services. At July 31, 2015, no amounts were owed for these services.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">We rent office space in Las Vegas, Nevada; Houston, Texas and Vancouver, British Columbia. We also rent warehouse space in Houston, Texas. All leases are short-term with expiration dates of one year or less from the origination date.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 8. Commitments</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the three months ended October 31, 2015 and 2014, KMDA has provided office space and certain administrative functions to the Company. The services provided include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As a part of the services provided to the Company, KMDA receives the advances from the lender (See Note 5.) and disburses those funds to the Company. During the three months ending October 31, 2015 and 2014, KMDA billed the Company $47,626 and $31,791, respectively, for those services. At October 31, 2015, no amounts were owed for these services.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">We rent office space in Las Vegas, Nevada; Houston, Texas and Vancouver, British Columbia. We also rent warehouse space in Houston, Texas. All leases are short-term with expiration dates of one year or less from the origination date.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 10. The Jaxon Investment Agreement</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">On September 15, 2014, we entered into an investment agreement (the &#147;Jaxon Investment Agreement&#148;) with Jaxon Group Corp., a Louisiana corporation (&#147;Jaxon&#148;). Pursuant to the terms of the Jaxon Investment Agreement, Jaxon committed to purchase up to $5,000,000 of our common stock over a period of up to thirty-six (36) months.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In connection with the Jaxon Investment Agreement, we also entered into a registration rights agreement with Jaxon, pursuant to which we are obligated to file a registration statement with the SEC covering 10,000,000 shares of our common stock underlying the Jaxon Investment Agreement within 21 days after the closing of the transaction. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 120 days after the closing of the transaction and maintain the effectiveness of such registration statement until termination of the Jaxon Investment Agreement.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The proceeds to be received will depend upon the stock price immediately prior to the stock put being exercised.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Jaxon will periodically purchase our common stock under the Jaxon Investment Agreement and will, in turn, sell such shares to investors in the market at the market price. This may cause our stock price to decline, which will require us to issue increasing numbers of common shares to Jaxon to raise the same amount of funds, as our stock price declines.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">No amounts have been requested by the Company or funded under the Jaxon Investment Agreement. Jaxon is not obligated to purchase our common stock under the Jaxon Investment Agreement until the registration statement is declared effective. The registration statement was declared effective on December 8, 2014. On March 3, 2015, the Company withdrew the registration statement that registered the shares issuable under the Jaxon Investment Agreement.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 11. Income Taxes</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">There is no current or deferred income tax expense or benefit for the period ended July 31, 2015.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference for the periods ended July 31, 2015 and 2014 are as follows.</font></p> <p style="text-align: justify; margin: 0"></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 57%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 17%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 4%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 17%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="3" style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2015</b></font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="3" style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2014</b></font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Tax benefit at U.S. statutory rate</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">762,537</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">466,602</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top; padding-left: 12px"><font style="font: 10pt Times New Roman, Times, Serif">Less: amortization of discount on convertible notes</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(172,357</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(380,452</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; padding-left: 12px"><font style="font: 10pt Times New Roman, Times, Serif">Less: stock based compensation</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(49,000</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top; padding-left: 12px"><font style="font: 10pt Times New Roman, Times, Serif">Less: valuation allowance</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(541,180</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(86,150</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Net tax benefit</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">As of July 31, 2015, the Company has net operating loss carryforwards of approximately $4,142,000 which begin to expire in 2022. &#160;The use of our net operating loss carryforwards may be limited due to the change in control of the Company.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Basis of Presentation</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the &#147;SEC&#148;). The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (&#147;GAAP&#148;).</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Principles of Consolidation</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the &#147;Company&#148;). All material intercompany accounts and transactions are eliminated in consolidation.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of Estimates</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of Estimates</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Reclassifications</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Certain prior period amounts have been reclassified to conform with the current period presentation.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and Cash Equivalents</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $7,411 and $13,103 at July 31, 2015 and July 31, 2014, respectively.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Pursuant to FASB ASC paragraph 310-10-35-47 trade receivables that management has the intent and ability to hold for the foreseeable future shall be reported in the balance sheet at outstanding principal adjusted for any charge-offs and the allowance for doubtful accounts. The Company follows FASB ASC paragraphs 310-10-35-7 through 310-10-35-10 to estimate the allowance for doubtful accounts. Pursuant to FASB ASC paragraph 310-10-35-9, losses from uncollectible receivables shall be accrued when both of the following conditions are met: (a) Information available before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25) indicates that it is probable that an asset has been impaired at the date of the financial statements, and (b) The amount of the loss can be reasonably estimated. Those conditions may be considered in relation to individual receivables or in relation to groups of similar types of receivables. If the conditions are met, accrual shall be made even though the particular receivables that are uncollectible may not be identifiable. The Company reviews individually each trade receivable for collectability and performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer&#146;s current credit worthiness, as determined by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience, customer specific facts and general economic conditions that may affect a client&#146;s ability to pay. Bad debt expense is included in general and administrative expenses, if any.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Pursuant to FASB ASC paragraph 310-10-35-41 Credit losses for trade receivables (uncollectible trade receivables), which may be for all or part of a particular trade receivable, shall be deducted from the allowance. The related trade receivable balance shall be charged off in the period in which the trade receivables are deemed uncollectible. Recoveries of trade receivables previously charged off shall be recorded when received. The Company charges off its trade account receivables against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">As of July 31, 2015 and 2014, the Company had no allowance for bad debt.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Inventory</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Inventory</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Impairment of Long-Lived Assets</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. During the years ended July 31, 2015 and 2014, the Company has not recognized any impairment loss.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue Recognition</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows ASC 605, <i>Revenue Recognition</i> recognizing revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Sales of RWB Vodka are recognized when the product has been delivered to the purchaser.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income Taxes</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for income taxes under ASC 740 <i>Income Taxes</i>. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of at July 31, 2015 or July 31, 2014.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Earnings (Loss) per Common Share</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, <i>Earnings per Share</i>. The basic earnings (loss) per common share are calculated by dividing the Company&#146;s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company&#146;s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company&#146;s convertible debt is considered anti-dilutive due to the Company&#146;s net loss for the year ended July 31, 2015 and 2014. As a result, the Company did not have any potentially dilutive common shares for those periods. For the three months ended July 31, 2015 and 2014, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2015, the Company had 148,683,079 potentially issuable shares upon the conversion of convertible notes payable and interest.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Related Parties</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows ASC 850, <i>Related Party Disclosures</i>, for the identification of related parties and disclosure of related party transactions.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial Instruments</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#146;s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">FASB Accounting Standards Codification (ASC) 820 <i>Fair Value Measurements and Disclosures</i> (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity&#146;s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:</font></p> <p style="text-align: justify; margin: 0"></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 7%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 90%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">Level 1 -</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">Level 2 -</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">Level 3 -</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Inputs that are both significant to the fair value measurement and unobservable.</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company&#146;s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant Concentrations</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the year ended July 31, 2015, two customers generated 53% and 10% of our revenue. During the year ended July 31, 2014, those same customers generated 0% and 100% of our revenue. As of July 31, 2015, those two customers represented 95% and 0% of accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All of the Company&#146;s inventory was manufactured by a single supplier during the year ended July 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company&#146;s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company&#146;s product, there are alternative suppliers for its product at a competitive price.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant Concentrations</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the three months ended October 31, 2015, two customers generated 44% and 9% of our revenue. As of October 31, 2015, those two customers represented 4% and 0% of our accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All of the Company&#146;s inventory was manufactured by a single supplier during the three months ended October 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company&#146;s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company&#146;s product, there are alternative suppliers for its product at a competitive price.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recently Issued Accounting Pronouncements</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company&#146;s consolidated financial position, operations or cash flows.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31, 2015 and July 31, 2014:</font></p> <p style="text-align: justify; margin: 0"></p> <p style="text-align: justify; margin: 0"></p> <p style="text-align: justify; margin: 0"></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 66%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 14%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 14%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2015</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2014</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">320,342</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">424,415</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November &#160;30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Total convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,065,350</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,026,474</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Less: current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(922,401</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on noncurrent convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,093,340</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(955,723</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Long-term convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">49,609</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">70,751</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">922,401</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on current convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(512,883</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Long-term convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">409,518</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Convertible notes payable due to Vista View Ventures Inc. consisted of the following at October 31, 2015 and July 31, 2015:</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt"> <tr style="font-size: 1pt"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>October 31, 2015</b></font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2015</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">320,342</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">320,342</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November &#160;30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $117,719, issued January 31, 2014 and due January 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $521,122, issued October 31, 2015 and due October 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.45 per share.</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">521,122</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Total convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,586,472</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,065,350</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Less: current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,253,962</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(922,401</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on noncurrent convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,287,519</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,093,340</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Long-term convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">44,991</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">49,609</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,253,962</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">922,401</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on current convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(587,765</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(512,883</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Current convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">666,197</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">409,518</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="text-align: justify; margin: 0"></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="vertical-align: bottom"> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date Issued</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b><br /> <b>Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of</b><br /><b> Note</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beneficial</b><br /> <b>Conversion</b><br /><b> Discount</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2014</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2016</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2017</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">April 30, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">April 30, 2017</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.90</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2017</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.80</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$1,142,949</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$1,142,949</font></td></tr> </table> <p style="text-align: justify; margin: 0"></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 25%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 21%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 8%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 15%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 11%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255)"> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date Issued</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b><br /> <b>Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion Rate</b><br /><b> Per Share</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of</b><br /><b> Note</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2013</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.02</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">516,920</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">November 30, 2013</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">November 30, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2014</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2016</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2014</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2016</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,118,979</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" align="center" style="margin-top: 0px; font-size: 10pt"> <tr style="font-size: 1pt"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: #000000 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date Issued</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b><br /><b>Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of Note</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2018</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.45</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">521,122</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">521,122</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="margin: 0"></p> <p style="text-align: justify; margin: 0"></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="vertical-align: bottom"> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount Converted</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Shares Issued</b></font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">December 8, 2014</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60,000</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">30,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">December 9, 2014</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60,000</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">30,000</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">June 2, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,520</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">76,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">June 5, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,440</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">72,000</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">June 29, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,000</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">50,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">July 8, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">600</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">30,000</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">July 17, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,640</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">82,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">July 23, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">649</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">32,450</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; font-weight: bold; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>$</b></font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>126,849</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>402,450</b></font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During three months ended October 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" align="center" style="margin-top: 0px; font-size: 10pt"> <tr style="font-size: 1pt"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount Converted</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Shares Issued</b></font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">August 14, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">840</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">August 24, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,770</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">88,500</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 1, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5,611</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">14,029</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 2, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">420</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">21,000</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 11, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,780</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">89,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">September 24, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,700</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">135,000</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">October 8, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">690</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">34,500</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">October 16, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4,418</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">220,900</font></td></tr> <tr> <td style="vertical-align: top; font-weight: bold; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>$</b></font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">18,229</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">644,929</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">We have commitments to repay the following debt over the next five years:</font></p> <p style="text-align: justify; margin: 0"></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 28%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="11" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Year ended July 31,</b></font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify; padding-left: 12px; text-indent: -12px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible notes</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;922,401</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;1,142,949</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;2,065,350</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;922,401</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;1,142,949</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>$&#160;2,065,350</b></font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The items causing this difference for the periods ended July 31, 2015 and 2014 are as follows.</font></p> <p style="text-align: justify; margin: 0"></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 57%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 17%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 4%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 17%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="3" style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2015</b></font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="3" style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2014</b></font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Tax benefit at U.S. statutory rate</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">762,537</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">466,602</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top; padding-left: 12px"><font style="font: 10pt Times New Roman, Times, Serif">Less: amortization of discount on convertible notes</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(172,357</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(380,452</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; padding-left: 12px"><font style="font: 10pt Times New Roman, Times, Serif">Less: stock based compensation</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(49,000</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top; padding-left: 12px"><font style="font: 10pt Times New Roman, Times, Serif">Less: valuation allowance</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(541,180</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(86,150</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Net tax benefit</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> 44886 12196 40539 1093340 955723 -1093340 -955723 1287519 -1287519 512883 0 -512883 587765 -587765 1520 0 1929 114433 26539 14301 24840 94210 25334 11285 17681 126849 315835 403 126446 12618 631 11987 158 315677 1142949 1118979 1142949 521122 521122 1118979 8135 8135 -8135 -8135 1142949 602059 1142949 602059 539507 331561 521122 331561 <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 5. Convertible Notes Payable</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31, 2015 and July 31, 2014:&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 66%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 14%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 14%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2015</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2014</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">320,342</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">424,415</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November &#160;30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Total convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,065,350</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,026,474</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Less: current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(922,401</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on noncurrent convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,093,340</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(955,723</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Long-term convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">49,609</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">70,751</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">922,401</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on current convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(512,883</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td style="padding-left: 14.2px; text-indent: -14.2px"><font style="font: 10pt Times New Roman, Times, Serif">Long-term convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">409,518</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In connection with the one-for-100 reverse common stock split on April 17, 2015, the conversion rates of the outstanding convertible notes payable were not modified. As a result, in the event all potentially issuable shares were converted, the holders of the existing notes at July 31, 2015 would be issued 148,669,051 shares of common stock representing approximately 98% of the Company&#146;s total shares outstanding on an if-converted basis. The holders of the notes are limited to holding no greater than 4.99% of the common stock at any time.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Convertible notes issued</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the year ended July 31, 2015, the Company signed convertible promissory notes that refinance non-interest bearing advances into convertible notes payable. The convertible promissory notes bear interest at 10% per annum and are payable along with accrued interest. The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.&#160;</font></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 26%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 17%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 6%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 13%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date Issued</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b><br /> <b>Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of</b><br /><b> Note</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beneficial</b><br /> <b>Conversion</b><br /><b> Discount</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2014</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2016</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2017</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">April 30, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">April 30, 2017</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.90</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2017</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.80</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$1,142,949</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$1,142,949</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: center; margin: 0"></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the year ended July 31, 2014, the Company signed convertible promissory notes of $1,118,979 in total with Vista View Ventures Inc., which refinanced non-interest bearing advances. These notes are payable at maturity and bear interest at 10% per annum. The holder of the notes may not convert the convertible promissory note into common stock if that conversion would result in the holder owing more than 4.99% of the number of shares of common stock outstanding on the conversion date. The convertible promissory notes are convertible into common stock at rates of between $0.02 and $0.01 per share at the option of the holder.&#160;</font></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 25%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 21%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 8%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 15%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 11%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255)"> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date Issued</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b><br /> <b>Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion Rate</b><br /><b> Per Share</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of</b><br /><b> Note</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2013</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.02</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">516,920</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">November 30, 2013</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">November 30, 2015</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2014</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">January 31, 2016</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2014</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2016</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.01</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(225, 255, 255)"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: rgb(0, 0, 0) 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,118,979</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, <i>Derivatives and Hedging - Contracts in Entity&#146;s Own Stock </i>and determined that the underlying common stock is indexed to the Company&#146;s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion features as shown in the table above. The discount is amortized over the life of the notes using the effective interest method. The Company amortized $492,449 and $302,409 of the discount on the convertible notes payable to interest expense during the years ended July 31, 2015 and 2014, respectively.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversions into Common Stock</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Vista View Ventures Inc. periodically sells or assigns a portion of its interest in the outstanding principal and interest of the Convertible Note Payable dated October 31, 2013 to three unrelated entities in accordance with the existing terms of the note. During the year ended July 31, 2015, Montego Blue Enterprises Corporation, THM Consulting Corp., and Jaxon Group Corp. received assignments of $61,440, $1,640 and $649, respectively. All of the debt assigned was converted into shares of common stock and is included in the table below.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During year ended July 31, 2015, the holders of the Convertible Note Payable dated October 31, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.02 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.&#160;</font></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 43%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 6%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 4%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 18%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 6%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 23%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount Converted</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Shares Issued</b></font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">December 8, 2014</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60,000</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">30,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">December 9, 2014</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60,000</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">30,000</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">June 2, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,520</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">76,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">June 5, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,440</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">72,000</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">June 29, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,000</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">50,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">July 8, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">600</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">30,000</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">July 17, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,640</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">82,000</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">July 23, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">649</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">32,450</font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; font-weight: bold; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>$</b></font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>126,849</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>402,450</b></font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During year ended July 31, 2014, the holders of the convertible note payable dated March 31, 2013 converted $167,075 of principal and $18,864 of accrued interest into 9,291,774 shares of common stock. Also, during the year ended July 31, 2014, the holders of the convertible note payable dated October 31, 2013 converted $92,505 of principal and $37,391 of accrued interest into 6,500,000 shares of common stock. On the conversion dates, the unamortized discount related to the beneficial conversion feature was amortized to interest expense.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 6. Convertible Notes Payable</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Convertible notes payable due to Vista View Ventures Inc. consisted of the following at October 31, 2015 and July 31, 2015:</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt"> <tr style="font-size: 1pt"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>October 31, 2015</b></font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; vertical-align: bottom; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2015</b></font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">320,342</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">320,342</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November &#160;30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">83,265</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $117,719, issued January 31, 2014 and due January 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">117,719</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401,075</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">331,561</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">269,815</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">266,112</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">275,461</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible note in the original principal amount of $521,122, issued October 31, 2015 and due October 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.45 per share.</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">521,122</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Total convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,586,472</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,065,350</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Less: current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,253,962</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(922,401</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on noncurrent convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,287,519</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,093,340</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Long-term convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">44,991</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">49,609</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Current portion of convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,253,962</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">922,401</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top; background-color: #e1ffff"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Less: discount on current convertible notes payable</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(587,765</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="border-bottom: #000000 1px solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(512,883</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 14px; text-indent: -14px"><font style="font: 10pt Times New Roman, Times, Serif">Current convertible notes payable, net of discount</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">666,197</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">409,518</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Convertible notes issued</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the three months ended October 31, 2015, the Company signed convertible promissory notes that refinance non-interest bearing advances into convertible notes payable. The convertible promissory notes bear interest at 10% per annum and are payable along with accrued interest. The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" align="center" style="margin-top: 0px; font-size: 10pt"> <tr style="font-size: 1pt"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: #000000 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Date Issued</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 1px solid; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity Date</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b><br /><b>Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversion Rate</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: #000000 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of Note</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="background-color: #e1ffff"> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2015</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">October 31, 2018</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.45</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">521,122</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: #000000 3px double; border-top: #000000 1px solid; vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">521,122</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, <i>Derivatives and Hedging - Contracts in Entity&#146;s Own Stock </i>and determined that the underlying common stock is indexed to the Company&#146;s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion feature of $521,122 on October 31, 2015. The discount is amortized over the life of the notes using the effective interest method. The discount is amortized at an effective interest rate of 191.56%. The beneficial conversion feature was recorded as increase to additional paid-in capital and a discount to the convertible note.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company amortized $252,061 and $48,395 of the discount on the convertible notes payable to interest expense during the three months ended October 31, 2015 and 2014.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Conversions into Common Stock</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During three months ended October 31, 2015, the holder of our convertible promissory note dated October 31, 2013, elected to convert $12,618 of accrued interest into 630,900 shares of common stock at a rate of $0.02 per share.</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During three months ended October 31, 2015, Bloise International, elected to convert $5,611 of accrued interest into 14,029 shares of common stock at a rate of $0.40 per share.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fixed Assets</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Our fixed assets include a trailer which was acquired during the year ended July 31, 2015. We depreciate the trailer over a five-year life using the straight-line depreciation method. During the year ended July 31, 2015, we recognized depreciation expense of $1,520.</font></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Note 7. Debt Repayment Commitments</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">We have commitments to repay the following debt over the next five years:&#160;</font></p> <table align="center" cellspacing="0" cellpadding="0" style="font-size: 10pt; margin-top: 0px"> <tr style="font-size: 1pt"> <td style="width: 28%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="11" style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Year ended July 31,</b></font></td></tr> <tr style="vertical-align: top"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-bottom: rgb(0, 0, 0) 1px solid; font-weight: bold; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr> <tr style="background-color: rgb(225, 255, 255)"> <td style="vertical-align: top; text-align: justify; padding-left: 12px; text-indent: -12px"><font style="font: 10pt Times New Roman, Times, Serif">Convertible notes</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;922,401</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;1,142,949</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;2,065,350</font></td></tr> <tr> <td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;922,401</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$&#160;1,142,949</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 3px double; vertical-align: bottom; font-weight: bold; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>$&#160;2,065,350</b></font></td></tr> </table> <p style="margin: 0pt"></p> <p><font style="font: 10pt Times New Roman, Times, Serif">Each of our shareholders on the record date received one share of the Nevada company&#146;s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder received at least five shares.</font></p> 1-for-100 -642122 -808538 P5Y 1520 148683079 0.53 0.10 0.00 1.00 0.95 0.00 0.44 0.09 0.04 0.00 2065350 320342 83265 117719 401075 331561 269815 266112 275461 1026474 424415 83265 117719 401075 1142949 1118979 117719 61440 1640 649 330349 320342 83265 117719 401075 331561 269815 266112 275461 521122 2586472 516920 83265 117719 401075 331561 269815 266112 275461 516920 83265 117719 401075 331561 269815 266112 275461 521122 0.02 .01 0.01 0.01 0.01 0.025 0.90 0.80 0.02 0.01 0.01 0.01 0.02 0.01 0.40 0.40 0.02 0.01 0.01 0.01 0.01 0.025 0.90 0.80 0.45 0.02 0.40 2013-10-31 2013-11-30 2014-01-01 2014-07-31 2014-10-31 2015-01-31 2015-04-30 2015-07-31 2013-10-31 2013-11-30 2014-07-31 2014-01-31 2013-10-31 2013-11-30 2014-01-31 2014-07-31 2014-10-31 2015-01-31 2015-04-30 2015-07-31 2015-10-31 1142949 1118979 1142949 331561 269815 266112 275461 521122 331561 148669051 30000 30000 76000 72000 50000 30000 82000 32450 402450 1275872 42000 88500 14029 21000 89000 135000 34500 220900 825872 9291774 6500000 42000 88500 14029 21000 89000 135000 34500 220900 644929 178000 630900 14029 14029 207000 65500 154900 126849 315835 60000 60000 1520 1440 1000 600 1640 649 126849 140000 330349 12618 840 1770 5611 420 1780 2700 690 4418 18229 -922401 -1253962 0.0499 0.0499 0.049 0.98 0.62 4142000 762537 466602 -172357 -380452 -49000 -541180 -86150 840 1770 5611 420 1780 2700 690 4418 5611 3560 5611 4140 1310 3098 330349 330349 5611 1142949 1118979 521122 331561 922401 922401 1142949 1142949 2065350 2065350 18864 37391 5611 167075 92505 198858 169061 47626 31791 1000 1000 -734246 -295717 780 2011 1644609 3382525 -1941106 -4119782 -358171 1000 -886495 2656 1000 3921231 -4811382 622 209953 -568746 780418 2010628 1000000 2655557 1000000 622500 140000 139000 1000 1000000 2 -2 1888 5000000 P36M 10000000 1000000 1000000 1000000 18385 <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interim Financial Statements</b></font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#147;GAAP&#148;) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended July 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the &#147;SEC&#148;).</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The results of operations for the three-month period ended October 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2016.</font></p> ARISTOCRAT GROUP CORP. 0001527027 ASCC false Smaller Reporting Company 331561 2 2 1.9156 <div style="width: 720px"><p style="margin: 0px"></p> <p style="margin: 0px"><b>Note 12. Subsequent Events</b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On August 14, 2015, the holder of our convertible note dated October 31, 2013 converted $840 of accrued interest into 42,000 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On August 24, 2015, the holders of our convertible note dated October 31, 2013 converted $1,770 of accrued interest into 88,500 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On September 1, 2015, the holder of our convertible note dated March 31, 2015 converted $5,611 of accrued interest into 14,029 restricted shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On September 2, 2015, the holder of our convertible note dated October 31, 2013 converted $420 of accrued interest into 21,000 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On September 11, 2015, the holders of our convertible note dated October 31, 2013 converted $1,780 of accrued interest into 89,000 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On September 24, 2015, the holders of our convertible note dated October 31, 2013 converted $2,700 of accrued interest into 135,000 shares of common stock. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On October 8, 2015, the holders of our convertible note dated October 31, 2013 converted $690 of accrued interest into 34,500 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On October 16, 2015, the holders of our convertible note dated October 31, 2013 converted $4,418 of accrued interest into 220,900 shares of common stock.</p></div> <div style="width: 720px"><p style="margin: 0px"><b>Note 9. Subsequent Events</b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On November 16, 2015, the holders of the convertible promissory note dated October 31, 2013, converted $3,560 of accrued interest into 178,000 share of our common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On December 22, 2015, the holders of our convertible note dated October 31, 2013 converted $4,140 of accrued interest into 207,000 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On January 7, 2016, the holders of our convertible note dated October 31, 2013 converted $1,310 of accrued interest into 65,500 shares of common stock.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">On January 18, 2016, the holders of our convertible note dated October 31, 2013 converted $3,098 of accrued interest into 154,900 shares of common stock.</p></div> EX-101.SCH 15 ascc-20151031.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - CONSOLIDATED STATEMENT OF CHANGE IN STOCKHOLDERS' EQUITY (DEFICIT) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - General Organization and Business link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Going Concern link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Advances link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Convertible Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Convertible Note Payable to Related Party link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Debt Repayment Commitments link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Commitments link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - The Jaxon Investment Agreement link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Summary of Significant Accounting Policies (Policy) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Convertible notes payable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Debt Repayment Commitments (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - General Organization and Business (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Going Concern (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Advances (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Convertible Notes Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Convertible Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Convertible Notes Payable (Details 1) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Convertible Notes Payable (Details 2) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Convertible Notes Payable (Details 3) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Convertible Note Payable to Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Debt Repayment Commitments (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Commitments (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - The Jaxon Investment Agreement (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 16 ascc-20151031_cal.xml XBRL CALCULATION FILE EX-101.DEF 17 ascc-20151031_def.xml XBRL DEFINITION FILE EX-101.LAB 18 ascc-20151031_lab.xml XBRL LABEL FILE Common Stock [Member] Equity Components [Axis] Series E Preferred Stock [Member] Additional Paid In Capital [Member] Accumulated Deficit [Member] Customer Concentration Risk [Member] Concentration Risk Type [Axis] Revenue [Member] Concentration Risk Benchmark [Axis] Customer One [Member] Customer [Axis] Customer Two [Member] Accounts Receivable [Member] Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] Legal Entity [Axis] Convertible Notes Payable [Member] Debt Instrument [Axis] 10% Convertible Note Payable Due October 31, 2015 [Member] 10% Convertible Note Payable Due November 30, 2015 [Member] 10% Convertible Note Payable Due January 1, 2016 [Member] 10% Convertible Note Payable Due July 31, 2016 [Member] 10% Convertible Note Payable Due October 31, 2016 [Member] 10% Convertible Note Payable Due January 31, 2017 [Member] 10% Convertible Note Payable Due April 30, 2017 [Member] 10% Convertible Note Payable Due July 31, 2017 [Member] December 8, 2014 [Member] Report Date [Axis] December 9, 2014 [Member] June 2, 2015 [Member] June 5, 2015 [Member] June 29, 2015 [Member] July 24, 2015 [Member] July 8, 2015 [Member] July 17, 2015 [Member] July 23, 2015 [Member] 10% Convertible Note Payable Due January 31, 2016 [Member] Maximum [Member] Range [Axis] Minimum [Member] Montego Blue Enterprises Corporation [Member] THM Consulting Corp [Member] Jaxon Group Corp [Member] Bloise [Member] Series E Preferred Stock [Member] Bloise International Corporation [Member] Subsequent Event [Member] Subsequent Event Type [Axis] 10% Convertible Note Payable Due March 31, 2015 [Member] 10% Convertible Note Payable Due March 31, 2017 [Member] SumLin Technologies, LLC [Member] Business Acquisition [Axis] Convertible Notes Payable Due October 31, 2013 [Member] KM Delaney & Assoc. [Member] Investment Agreement [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Registration Rights Agreement [Member] August 14, 2015 [Member] August 24, 2015 [Member] September 1, 2015 [Member] September 2, 2015 [Member] September 11, 2015 [Member] September 24, 2015 [Member] October 8, 2015 [Member] October 16, 2015 [Member] 10% Convertible Note Payable Due November 30, 2013 [Member] 10% Convertible Note Payable Due January 31, 2016 [Member] 10% Convertible Note Payable Due October 31, 2018 [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Trading Symbol Document Period End Date Amendment Flag Entity Filer Category Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS Cash and cash equivalents Accounts receivable Prepaid expenses Inventory Total current assets Fixed assets net of accumulated depreciation of $1,929, $1,520 and $0, respectively Security Deposits TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES Accounts payable and accrued liabilities Advances payable Current portion of convertible notes payable, net of discount of $587,765, $512,883 and $0, respectively Current portion of accrued interest payable Total current liabilities Convertible notes payable, net of discount of $1,287,519, $1,093,340 and $955,723, respectively. Accrued interest payable Accrued interest payable to related party TOTAL LIABILITIES COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY (DEFICIT) Common Stock, $0.0010 par value; 480,000,000 shares authorized; 2,655,557, 2,010,628 and 780,418 shares issued and outstanding at October 31, 2015, July 31, 2015 and July 31, 2014, respectively Preferred Stock, $0.0010 stated value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at October 31, 2015, July 31, 2015 and July 31, 2014, respectively Additional paid-in capital Accumulated deficit Total stockholders' equity (deficit) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT Accumulated depreciation Current convertible notes payable discount Noncurrent convertible notes payable discount Common Stock, par value (in dollars per share) Common Stock, shares authorized Common Stock, shares issued Common Stock, shares outstanding Preferred Stock, (in dollars per share) Preferred Stock, shares authorized Preferred Stock, shares issued Preferred Stock, shares outstanding Income Statement [Abstract] REVENUE COST OF GOODS SOLD GROSS PROFIT OPERATING EXPENSES Sales and marketing expenses General and administrative expenses LOSS FROM OPERATIONS OTHER INCOME (EXPENSE) Interest expense NET LOSS NET LOSS PER COMMON SHARE - Basic and fully diluted (in dollars per share) COMMON SHARES OUTSTANDING Basic and fully diluted (in shares) Statement [Table] Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] BALANCE BEGINNING BALANCE BEGINNING (in shares) Common shares issued for conversion of notes Common shares issued for conversion of notes (in shares) Common shares issued for conversion of notes to related party Common shares issued for conversion of notes to related party (in shares) Discount on issuance of convertible notes Preferred shares issued for control transaction Preferred shares issued for control transaction (in shares) Share rounding on reverse split Share rounding on reverse split (in shares) Net Loss BALANCE ENDING BALANCE ENDING (in shares) Statement of Cash Flows [Abstract] CASH FLOW FROM OPERATING ACTIVITIES: Net loss Adjustments to reconcile net loss to net cash used in operating activities: Amortization of discount on convertible note payable Depreciation & amortization Preferred stock issued for control transaction Changes in operating assets and liabilities: Accounts receivable Inventory Prepaid expenses Accounts payable and accrued liabilities Accrued interest payable Accrued interest payable to related party NET CASH USED IN OPERATING ACTIVITIES CASH FLOWS FROM INVESTING ACTIVITIES Purchase of fixed assets NET CASH USED IN INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from advances NET CASH PROVIDED BY FINANCING ACTIVITIES NET INCREASE (DECREASE) IN CASH CASH, at the beginning of the period CASH, at the end of the period Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Interest Taxes Noncash investing and financing transaction: Refinancing of advances into convertible notes payable Noncurrent convertible notes payable reclassified to current convertible notes payable Beneficial conversion on convertible note payable Conversion of convertible notes payable Conversion of convertible notes payable to related party Convertible note issued for reduction in accounts payable Organization, Consolidation and Presentation of Financial Statements [Abstract] General Organization and Business Going Concern Accounting Policies [Abstract] Summary of Significant Accounting Policies Advances Advances Debt Disclosure [Abstract] Convertible Notes Payable Related Party Transactions [Abstract] Convertible Note Payable to Related Party Contractual Obligation, Fiscal Year Maturity Schedule [Abstract] Debt Repayment Commitments Stockholders' Equity Note [Abstract] Stockholders' Equity Commitments and Contingencies Disclosure [Abstract] Commitments Jaxon Investment Agreement The Jaxon Investment Agreement Income Tax Disclosure [Abstract] Income Taxes Subsequent Events [Abstract] Subsequent Events Basis of Presentation Interim Financial Statements Principles of Consolidation Use of Estimates Reclassifications Cash and Cash Equivalents Accounts Receivable Inventory Fixed Assets Impairment of Long-Lived Assets Revenue Recognition Income Taxes Earnings (Loss) per Common Share Related Parties Financial Instruments Significant Concentrations Recently Issued Accounting Pronouncements Schedule of convertible notes payable Schedule of convertible notes issued Schedule of conversions into common stock Schedule of debt repayment commitments Schedule of income taxes Description of reverse stock split Common stock, authorized Preferred stock, authorized Common stock, par value per share (in dollars per share) Preferred stock, par value per share (in dollars per share) Cash flow from operations Working capital Useful life Depreciation expense Potentially issuable shares upon the conversion of convertible notes payable and interest Percentage of concentration risk Number of customer Total convertible notes payable Maximum percentage of ownership interest Conversion price Effective interest rate Amortization of debt discount Reserve stock split ratio Number of common shares issued upon conversion Percentage of common stock outstanding Debt instrument, accrued interest Debt instrument, principal balance Debt instrument, face amount Issuance Date Conversion Price (in dollars per share) Less: current portion of convertible notes payable Less: discount on noncurrent convertible notes payable Long-term convertible notes payable, net of discount Current portion of convertible notes payable Less: discount on current portion of convertible notes payable Long-term convertible notes payable, net of discount Beneficial conversion discount Debt amount converted Debt instrument, accrued interest 2016 2017 2018 2019 2020 Total Preferred stock, shares authorized Preferred stock, par value (in dollars per share) Preferred stock, shares issued Value of common shares issued upon conversion Administrative services Maximum number of shares purchased Agreement term Number of registration shares Net operating loss carryforwards Tax benefit at U.S. statutory rate Less: amortization of discount on convertible notes Less: stock based compensation Less: valuation allowance Net tax benefit Subsequent Event [Table] Subsequent Event [Line Items] Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the non current portion of the liabilities to related party. The net amount of stock issued during the period upon the conversion of convertible securities, net of adjustments (for example, to additional paid in capital) including the write-off of an equity component recognized to record the convertible debt instrument as two separate components - a debt component and an equity component. This item is meant to disclose the value of shares issued on conversion of convertible securities that were recorded as two separate (debt and equity) components for related party. Number of shares issued during the period as a result of the conversion of convertible securities to releted party. Equity impact of the value of ptrferred stock issued during the period for control transaction. Number of preferred stock issued during the period for control transaction. Reduction in the value during the period as a result of a reverse stock split. Amount of cash inflow (outflow) related to preferred stock issued for control transaction. The increase (decrease) during the reporting period in interest payable to related party, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. The entire disclosure for non-interest bearing advances. Disclosure of accounting policy for related parties. Tabular disclosure providing information pertaining to convertible notes payable newly issued to refinance advances payable. Tabular disclosure of debt repayment commitments. The amount of debt discount on current portion of debt that was originally recognized at the issuance of the instrument that has yet to be amortized. Entity's established relationships with its customers through contracts. Entity's established relationships with its customers through contracts. Information about legal entity. Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Gross Convertible Notes Payable. Gross Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. A written promise to pay a note to a third party. A written promise to pay a note to a third party. A written promise to pay a note to a third party. A written promise to pay a note to a third party. A written promise to pay a note to a third party. A written promise to pay a note to a third party. A written promise to pay a note to a third party. A written promise to pay a note to a third party. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. Information about report date,in MM-DD-YYYY format. A written promise to pay a note to a third party. Refers to maximum percentage of ownership during the period. Refers to percentage of common stock outstanding. Information about legal entity. Information about legal entity. Information about legal entity. Amount of income tax reconciliation change in amortization of discount on convertible notes. The set of legal entities associated with a report. The set of legal entities associated with a report. The set of legal entities associated with a report. The noncash expense that represents the cost of refinance of advances into convertible notes payable. Convertible notes payable issued to related party in exchange for payment of accounts payable. Convertible notes payable issued for reduction in accounts payable. A written promise to pay a note to a third party. A written promise to pay a note to a third party. Information about legal entity. A written promise to pay a note to a third party. The maximum value of shares that the investor has committed to purchase. The term of the investment agreement,in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. The number of shares included in the registration statement per the investment agreement. Information about the investment agreement. Information about the registration right agreement. The carrying value of advances payable as of balance sheet date. The value of the financial instrument(s) that the noncurrent convertible notes payable is being reclassified into current convertible notes payable. Disclosure of accounting policy for interim financial statements. Represent the number of customer during the period. Series E Preferred Stock [Member] [Default Label] Assets, Current Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Income (Loss) Interest Expense Shares, Outstanding Increase (Decrease) in Accounts Receivable Increase (Decrease) in Inventories Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable and Accrued Liabilities Increase (Decrease) in Interest Payable, Net IncreaseDecreaseInInterestPayableRelatedParty Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities, Continuing Operations Net Cash Provided by (Used in) Financing Activities, Continuing Operations Cash and Cash Equivalents, Period Increase (Decrease) AdvancesTextBlock Inventory, Policy [Policy Text Block] Income Tax, Policy [Policy Text Block] Debt Instrument, Increase, Accrued Interest Contractual Obligation Income Tax Expense (Benefit) EX-101.PRE 19 ascc-20151031_pre.xml XBRL PRESENTATION FILE XML 20 R1.htm IDEA: XBRL DOCUMENT v3.3.1.900
Document and Entity Information
3 Months Ended
Oct. 31, 2015
Document And Entity Information  
Entity Registrant Name ARISTOCRAT GROUP CORP.
Entity Central Index Key 0001527027
Document Type S-1
Trading Symbol ASCC
Document Period End Date Oct. 31, 2015
Amendment Flag false
Entity Filer Category Smaller Reporting Company

XML 21 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2015
Jul. 31, 2015
Jul. 31, 2014
CURRENT ASSETS      
Cash and cash equivalents $ 8,816 $ 7,411 $ 13,103
Accounts receivable 2,224 8,585 7,770
Prepaid expenses 48,853 37,103 57,168
Inventory 53,258 10,365 14,906
Total current assets 113,151 63,464 $ 92,947
Fixed assets net of accumulated depreciation of $1,929, $1,520 and $0, respectively 6,206 6,615
Security Deposits 1,367 1,367 $ 1,367
TOTAL ASSETS 120,724 71,446 94,314
CURRENT LIABILITIES      
Accounts payable and accrued liabilities 108,044 $ 210,793 $ 307,084
Advances payable 18,385
Current portion of convertible notes payable, net of discount of $587,765, $512,883 and $0, respectively 666,197 $ 409,518
Current portion of accrued interest payable 129,063 85,275
Total current liabilities 921,689 705,586 $ 307,084
Convertible notes payable, net of discount of $1,287,519, $1,093,340 and $955,723, respectively. 44,991 49,609 70,751
Accrued interest payable $ 40,539 44,886 $ 12,196
Accrued interest payable to related party 5,611
TOTAL LIABILITIES $ 1,007,219 $ 805,692 $ 390,031
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)      
Common Stock, $0.0010 par value; 480,000,000 shares authorized; 2,655,557, 2,010,628 and 780,418 shares issued and outstanding at October 31, 2015, July 31, 2015 and July 31, 2014, respectively $ 2,656 $ 2,011 $ 780
Preferred Stock, $0.0010 stated value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at October 31, 2015, July 31, 2015 and July 31, 2014, respectively 1,000 1,000
Additional paid-in capital 3,921,231 3,382,525 $ 1,644,609
Accumulated deficit (4,811,382) (4,119,782) (1,941,106)
Total stockholders' equity (deficit) (886,495) (734,246) (295,717)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 120,724 $ 71,446 $ 94,314
XML 22 R3.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
Oct. 31, 2015
Jul. 31, 2015
Jul. 31, 2014
Statement of Financial Position [Abstract]      
Accumulated depreciation $ 1,929 $ 1,520 $ 0
Current convertible notes payable discount 587,765 512,883 0
Noncurrent convertible notes payable discount $ 1,287,519 $ 1,093,340 $ 955,723
Common Stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.0010
Common Stock, shares authorized 480,000,000 480,000,000 480,000,000
Common Stock, shares issued 2,655,557 2,010,628 780,418
Common Stock, shares outstanding 2,655,557 2,010,628 780,418
Preferred Stock, (in dollars per share) $ 0.001 $ 0.001 $ 0.0010
Preferred Stock, shares authorized 20,000,000 20,000,000 20,000,000
Preferred Stock, shares issued 1,000,000 1,000,000 1,000,000
Preferred Stock, shares outstanding 1,000,000 1,000,000 1,000,000
XML 23 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Income Statement [Abstract]        
REVENUE $ 14,301 $ 24,840 $ 114,433 $ 26,539
COST OF GOODS SOLD 11,285 17,681 94,210 25,334
GROSS PROFIT 3,016 7,159 20,223 1,205
OPERATING EXPENSES        
Sales and marketing expenses 122,232 127,291 480,612 382,165
General and administrative expenses 268,264 213,145 1,079,373 626,125
LOSS FROM OPERATIONS (387,480) (333,277) (1,539,762) (1,007,085)
OTHER INCOME (EXPENSE)        
Interest expense (304,120) (74,269) (638,914) (365,275)
NET LOSS $ (691,600) $ (407,546) $ (2,178,676) $ (1,372,360)
NET LOSS PER COMMON SHARE - Basic and fully diluted (in dollars per share) $ (0.3) $ (0.52) $ (2.20) $ (2.12)
COMMON SHARES OUTSTANDING Basic and fully diluted (in shares) 2,281,571 780,418 988,456 647,245
XML 24 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENT OF CHANGE IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Common Stock [Member]
Series E Preferred Stock [Member]
Additional Paid In Capital [Member]
Accumulated Deficit [Member]
Total
BALANCE BEGINNING at Jul. 31, 2013 $ 622 $ 209,953 $ (568,746) $ (358,171)
BALANCE BEGINNING (in shares) at Jul. 31, 2013 622,500        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Common shares issued for conversion of notes $ 158 315,677 $ 315,835
Common shares issued for conversion of notes (in shares) 157,918       157,918
Discount on issuance of convertible notes $ 1,118,979 $ 1,118,979
Net Loss $ (1,372,360) (1,372,360)
BALANCE ENDING at Jul. 31, 2014 $ 780   $ 1,644,609 $ (1,941,106) (295,717)
BALANCE ENDING (in shares) at Jul. 31, 2014 780,418        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Common shares issued for conversion of notes $ 403 126,446 $ 126,849
Common shares issued for conversion of notes (in shares) 402,450       402,450
Common shares issued for conversion of notes to related party $ 826 329,523 $ 330,349
Common shares issued for conversion of notes to related party (in shares) 825,872        
Discount on issuance of convertible notes 1,142,949 1,142,949
Preferred shares issued for control transaction $ 1,000 139,000 $ 140,000
Preferred shares issued for control transaction (in shares)   1,000,000      
Share rounding on reverse split $ 2 $ (2)
Share rounding on reverse split (in shares) 1,888        
Net Loss   $ (2,178,676) $ (2,178,676)
BALANCE ENDING at Jul. 31, 2015 $ 2,011 $ 1,000 $ 3,382,525 $ (4,119,782) (734,246)
BALANCE ENDING (in shares) at Jul. 31, 2015 2,010,628 1,000,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Common shares issued for conversion of notes $ 631 11,987 12,618
Common shares issued for conversion of notes (in shares) 630,900        
Common shares issued for conversion of notes to related party $ 14 5,597 5,611
Common shares issued for conversion of notes to related party (in shares) 14,029        
Discount on issuance of convertible notes $ 521,122 521,122
Net Loss $ (691,600) (691,600)
BALANCE ENDING at Oct. 31, 2015 $ 2,656 $ 1,000 $ 3,921,231 $ (4,811,382) $ (886,495)
BALANCE ENDING (in shares) at Oct. 31, 2015 2,655,557 1,000,000      
XML 25 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES:        
Net loss $ (691,600) $ (407,546) $ (2,178,676) $ (1,372,360)
Adjustments to reconcile net loss to net cash used in operating activities:        
Amortization of discount on convertible note payable 252,061 48,395 492,449 $ 302,409
Depreciation & amortization 409 249 1,520
Preferred stock issued for control transaction     140,000
Changes in operating assets and liabilities:        
Accounts receivable 6,361 (9,468) (815) $ (7,770)
Inventory (42,893) (79,130) 4,541 (14,906)
Prepaid expenses (11,750) 51,698 20,065 31,441
Accounts payable and accrued liabilities (102,749) 45,513 233,945 204,210
Accrued interest payable 52,059 25,873 140,854 $ 62,867
Accrued interest payable to related party     5,611
NET CASH USED IN OPERATING ACTIVITIES $ (538,102) (324,416) (1,140,506) $ (794,109)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of fixed assets (8,135) (8,135)
NET CASH USED IN INVESTING ACTIVITIES (8,135) (8,135)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from advances $ 539,507 331,561 1,142,949 $ 602,059
NET CASH PROVIDED BY FINANCING ACTIVITIES 539,507 331,561 1,142,949 602,059
NET INCREASE (DECREASE) IN CASH 1,405 (990) (5,692) (192,050)
CASH, at the beginning of the period 7,411 13,103 13,103 205,153
CASH, at the end of the period $ 8,816 $ 12,113 $ 7,411 $ 13,103
Cash paid during the period for:        
Interest
Taxes
Noncash investing and financing transaction:        
Refinancing of advances into convertible notes payable $ 521,122 $ 331,561 $ 1,142,949 $ 1,118,979
Noncurrent convertible notes payable reclassified to current convertible notes payable 331,561
Beneficial conversion on convertible note payable 521,122 $ 331,561 $ 1,142,949 $ 1,118,979
Conversion of convertible notes payable 12,618 126,849 $ 315,835
Conversion of convertible notes payable to related party $ 5,611 330,349
Convertible note issued for reduction in accounts payable     $ 330,349
XML 26 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
General Organization and Business
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
General Organization and Business

Note 1. General Organization and Business

 

Aristocrat Group Corp., a Nevada corporation, was incorporated on July 20, 2011. Our year-end is July 31.

 

On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.

 

Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”).

Note 1. General Organization and Business

 

Overview

 

Aristocrat Group Corp. was incorporated on July 20, 2011 in Florida.

 

On April 1, 2015, the Company reincorporated from Florida to Nevada. The Company’s board of directors and majority shareholder consented to the reincorporation. Each of our shareholders on the record date received one share of the Nevada company’s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder received at least five shares. The Nevada company is authorized to issue 480 million shares of common stock and 20 million shares of preferred stock, each with a par value of $0.001 per share. The board of directors and officers of the Nevada company consists of the same persons who are currently directors and officers

 

On February 3, 2015, our board of directors adopted the 2015 Omnibus Equity Incentive Plan.

 

On October 17, 2012, we formed Luxuria Brands LLC as a wholly owned subsidiary. On January 10, 2013, we formed Level Two Holdings, LLC as our wholly owned subsidiary. On January 15, 2013, we formed Top Shelf Distributing, LLC (“Top Shelf”) as our wholly owned subsidiary.

 

Top Shelf is focused on developing our distilled spirits line of business and currently markets and sells RWB Ultra Premium Handcrafted Vodka (“RWB Vodka”).

 

Our fiscal year end is July 31.

XML 27 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Going Concern
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Going Concern

Note 2. Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the three months ended October 31, 2015, the Company had a net loss of $691,600 and negative cash flow from operating activities of $538,102. As of October 31, 2015, the Company had negative working capital of $808,538. Management does not anticipate having positive cash flow from operations in the near future.

 

These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or implement its business plan. Without additional capital, the Company will not be able to remain in business.

 

Management has plans to address the Company’s financial situation as follows:

 

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.

 

In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations. 

Note 2. Going Concern

 

For the year ended July 31, 2015, the Company had a net loss of $2,178,676 and negative cash flow from operating activities of $1,140,506. As of July 31, 2015, the Company had negative working capital of $642,122. Management does not anticipate having positive cash flow from operations in the near future.

 

These factors raise a substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.

 

Management has plans to address the Company’s financial situation as follows:

 

In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.

 

In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations.

XML 28 R9.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Accounting Policies [Abstract]    
Summary of Significant Accounting Policies

Note 3. Summary of Significant Accounting Policies

 

Interim Financial Statements

 

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended July 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).

 

The results of operations for the three-month period ended October 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2016.

 

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

 

Inventory

 

Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.

 

Significant Concentrations

 

During the three months ended October 31, 2015, two customers generated 44% and 9% of our revenue. As of October 31, 2015, those two customers represented 4% and 0% of our accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.

 

All of the Company’s inventory was manufactured by a single supplier during the three months ended October 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company’s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company’s product, there are alternative suppliers for its product at a competitive price.

Note 3. Summary of Significant Accounting Policies

 

The significant accounting policies that the Company follows are:

 

Basis of Presentation

 

The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

 

Principles of Consolidation

 

The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the “Company”). All material intercompany accounts and transactions are eliminated in consolidation.

 

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

 

Reclassifications

 

Certain prior period amounts have been reclassified to conform with the current period presentation.

 

Cash and Cash Equivalents

 

For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $7,411 and $13,103 at July 31, 2015 and July 31, 2014, respectively.

 

Accounts Receivable

 

Pursuant to FASB ASC paragraph 310-10-35-47 trade receivables that management has the intent and ability to hold for the foreseeable future shall be reported in the balance sheet at outstanding principal adjusted for any charge-offs and the allowance for doubtful accounts. The Company follows FASB ASC paragraphs 310-10-35-7 through 310-10-35-10 to estimate the allowance for doubtful accounts. Pursuant to FASB ASC paragraph 310-10-35-9, losses from uncollectible receivables shall be accrued when both of the following conditions are met: (a) Information available before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25) indicates that it is probable that an asset has been impaired at the date of the financial statements, and (b) The amount of the loss can be reasonably estimated. Those conditions may be considered in relation to individual receivables or in relation to groups of similar types of receivables. If the conditions are met, accrual shall be made even though the particular receivables that are uncollectible may not be identifiable. The Company reviews individually each trade receivable for collectability and performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience, customer specific facts and general economic conditions that may affect a client’s ability to pay. Bad debt expense is included in general and administrative expenses, if any.

 

Pursuant to FASB ASC paragraph 310-10-35-41 Credit losses for trade receivables (uncollectible trade receivables), which may be for all or part of a particular trade receivable, shall be deducted from the allowance. The related trade receivable balance shall be charged off in the period in which the trade receivables are deemed uncollectible. Recoveries of trade receivables previously charged off shall be recorded when received. The Company charges off its trade account receivables against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

 

As of July 31, 2015 and 2014, the Company had no allowance for bad debt.

 

Inventory

 

Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.

 

Fixed Assets

 

Our fixed assets include a trailer which was acquired during the year ended July 31, 2015. We depreciate the trailer over a five-year life using the straight-line depreciation method. During the year ended July 31, 2015, we recognized depreciation expense of $1,520.

 

Impairment of Long-Lived Assets

 

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. During the years ended July 31, 2015 and 2014, the Company has not recognized any impairment loss.

 

Revenue Recognition

 

The Company follows ASC 605, Revenue Recognition recognizing revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

 

Sales of RWB Vodka are recognized when the product has been delivered to the purchaser.

 

Income Taxes

 

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of at July 31, 2015 or July 31, 2014.

 

Earnings (Loss) per Common Share

 

The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, Earnings per Share. The basic earnings (loss) per common share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.

 

In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company’s convertible debt is considered anti-dilutive due to the Company’s net loss for the year ended July 31, 2015 and 2014. As a result, the Company did not have any potentially dilutive common shares for those periods. For the three months ended July 31, 2015 and 2014, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2015, the Company had 148,683,079 potentially issuable shares upon the conversion of convertible notes payable and interest.

 

Related Parties

 

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

 

Financial Instruments

 

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

 

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: 

     
  Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
     
  Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
     
  Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

 

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

 

Significant Concentrations

 

During the year ended July 31, 2015, two customers generated 53% and 10% of our revenue. During the year ended July 31, 2014, those same customers generated 0% and 100% of our revenue. As of July 31, 2015, those two customers represented 95% and 0% of accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.

 

All of the Company’s inventory was manufactured by a single supplier during the year ended July 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company’s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company’s product, there are alternative suppliers for its product at a competitive price.

 

Recently Issued Accounting Pronouncements

 

There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company’s consolidated financial position, operations or cash flows.

XML 29 R10.htm IDEA: XBRL DOCUMENT v3.3.1.900
Advances
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Advances    
Advances

Note 5. Advances

 

During the three months ended October 31, 2015 and 2014, the Company received net, non-interest bearing advances totaling $539,507 and $331,561, respectively. Vista View Ventures, Inc. provided $521,122 and $331,561 of these advances for the three months ended October 31, 2015 and 2014, respectively. These advances are not collateralized, non-interest bearing and are due on demand. The advances were paid from Vista View Ventures Inc. to KM Delaney and Assoc. (See Note 8.) (“KMDA”) and then by KMDA to the Company on behalf of Vista View Ventures Inc. These advances are typically converted to convertible notes payable on a quarterly basis as discussed below. As of October 31, 2015 and July 31, 2015, advances in the amount of $18,385 and $0, respectively, are due under advances from third parties and are included in current liabilities on the consolidated balance sheets.

Note 4. Advances

 

During the years ended July 31, 2015 and 2014, the Company received net, non-interest bearing advances from Vista View Ventures Inc. totaling $1,142,949 and $602,059, respectively. No amounts were due under these advances as of July 31, 2015 and July 31, 2014. These advances are not collateralized, non-interest bearing and are due on demand. The advances were paid from Vista View Ventures, Inc. to KM Delaney and Assoc. (See Note 9) (“KMDA”) and then by KMDA to the Company on behalf of Vista View Ventures, Inc. These advances are typically converted to convertible notes payable on a quarterly basis as discussed below.

XML 30 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Debt Disclosure [Abstract]    
Convertible Notes Payable

Note 6. Convertible Notes Payable

 

Convertible notes payable due to Vista View Ventures Inc. consisted of the following at October 31, 2015 and July 31, 2015:

 

               
    October 31, 2015   July 31, 2015  
           
Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share     320,342     320,342  
Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     83,265     83,265  
Convertible note in the original principal amount of $117,719, issued January 31, 2014 and due January 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     117,719     117,719  
Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     401,075     401,075  
Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     331,561     331,561  
Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share     269,815     269,815  
Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share     266,112     266,112  
Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.     275,461     275,461  
Convertible note in the original principal amount of $521,122, issued October 31, 2015 and due October 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.45 per share.     521,122      
Total convertible notes payable     2,586,472     2,065,350  
               
Less: current portion of convertible notes payable     (1,253,962 )   (922,401 )
Less: discount on noncurrent convertible notes payable     (1,287,519 )   (1,093,340 )
Long-term convertible notes payable, net of discount   $ 44,991   $ 49,609  
               
Current portion of convertible notes payable     1,253,962     922,401  
Less: discount on current convertible notes payable     (587,765 )   (512,883 )
Current convertible notes payable, net of discount   $ 666,197   $ 409,518  

 

All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.

 

Convertible notes issued

 

During the three months ended October 31, 2015, the Company signed convertible promissory notes that refinance non-interest bearing advances into convertible notes payable. The convertible promissory notes bear interest at 10% per annum and are payable along with accrued interest. The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.

 

                         
Date Issued   Maturity Date   Interest
Rate
  Conversion Rate   Amount of Note  
October 31, 2015   October 31, 2018   10 %   $ 0.45   $ 521,122  
                    $ 521,122  

 

The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion feature of $521,122 on October 31, 2015. The discount is amortized over the life of the notes using the effective interest method. The discount is amortized at an effective interest rate of 191.56%. The beneficial conversion feature was recorded as increase to additional paid-in capital and a discount to the convertible note.

 

The Company amortized $252,061 and $48,395 of the discount on the convertible notes payable to interest expense during the three months ended October 31, 2015 and 2014.

 

Conversions into Common Stock

 

During three months ended October 31, 2015, the holder of our convertible promissory note dated October 31, 2013, elected to convert $12,618 of accrued interest into 630,900 shares of common stock at a rate of $0.02 per share.

 

During three months ended October 31, 2015, Bloise International, elected to convert $5,611 of accrued interest into 14,029 shares of common stock at a rate of $0.40 per share.

Note 5. Convertible Notes Payable

 

Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31, 2015 and July 31, 2014: 

               
    July 31, 2015   July 31, 2014  
           
Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share   $ 320,342   $ 424,415  
Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     83,265     83,265  
Convertible note in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     117,719     117,719  
Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     401,075     401,075  
Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     331,561      
Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share     269,815      
Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share     266,112      
Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.     275,461      
Total convertible notes payable     2,065,350     1,026,474  
               
Less: current portion of convertible notes payable     (922,401 )    
Less: discount on noncurrent convertible notes payable     (1,093,340 )   (955,723 )
Long-term convertible notes payable, net of discount   $ 49,609   $ 70,751  
               
Current portion of convertible notes payable     922,401      
Less: discount on current convertible notes payable     (512,883 )    
Long-term convertible notes payable, net of discount   $ 409,518   $  

 

All principal along with accrued interest is payable on the maturity date. The notes are convertible into common stock at the option of the holder. The holder of the notes cannot convert the notes into shares of common stock if that conversion would result in the holder owning more than 4.9% of the outstanding stock of the Company.

 

In connection with the one-for-100 reverse common stock split on April 17, 2015, the conversion rates of the outstanding convertible notes payable were not modified. As a result, in the event all potentially issuable shares were converted, the holders of the existing notes at July 31, 2015 would be issued 148,669,051 shares of common stock representing approximately 98% of the Company’s total shares outstanding on an if-converted basis. The holders of the notes are limited to holding no greater than 4.99% of the common stock at any time.

 

Convertible notes issued

 

During the year ended July 31, 2015, the Company signed convertible promissory notes that refinance non-interest bearing advances into convertible notes payable. The convertible promissory notes bear interest at 10% per annum and are payable along with accrued interest. The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder. 

                             
Date Issued   Maturity Date   Interest
Rate
  Conversion Rate   Amount of
Note
  Beneficial
Conversion
Discount
October 31, 2014   October 31, 2016   10 %   $ 0.01   $ 331,561   $ 331,561
January 31, 2015   January 31, 2017   10 %   $ 0.01     269,815     269,815
April 30, 2015   April 30, 2017   10 %   $ 0.90     266,112     266,112
July 31, 2015   July 31, 2017   10 %   $ 0.80     275,461     275,461
Total                   $ $1,142,949   $ $1,142,949

 

During the year ended July 31, 2014, the Company signed convertible promissory notes of $1,118,979 in total with Vista View Ventures Inc., which refinanced non-interest bearing advances. These notes are payable at maturity and bear interest at 10% per annum. The holder of the notes may not convert the convertible promissory note into common stock if that conversion would result in the holder owing more than 4.99% of the number of shares of common stock outstanding on the conversion date. The convertible promissory notes are convertible into common stock at rates of between $0.02 and $0.01 per share at the option of the holder. 

                       
Date Issued   Maturity Date   Interest
Rate
  Conversion Rate
Per Share
  Amount of
Note
October 31, 2013   October 31, 2015   10 %   $ 0.02   $ 516,920
November 30, 2013   November 30, 2015   10 %     0.01     83,265
January 31, 2014   January 31, 2016   10 %     0.01     117,719
July 31, 2014   July 31, 2016   10 %     0.01     401,075
Total                   $ 1,118,979

 

The Company evaluated the terms of the new notes in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the note and was deemed to be less than the market value of underlying common stock at the inception of the note. Therefore, the Company recognized discounts for beneficial conversion features as shown in the table above. The discount is amortized over the life of the notes using the effective interest method. The Company amortized $492,449 and $302,409 of the discount on the convertible notes payable to interest expense during the years ended July 31, 2015 and 2014, respectively.

 

Conversions into Common Stock

 

Vista View Ventures Inc. periodically sells or assigns a portion of its interest in the outstanding principal and interest of the Convertible Note Payable dated October 31, 2013 to three unrelated entities in accordance with the existing terms of the note. During the year ended July 31, 2015, Montego Blue Enterprises Corporation, THM Consulting Corp., and Jaxon Group Corp. received assignments of $61,440, $1,640 and $649, respectively. All of the debt assigned was converted into shares of common stock and is included in the table below.

 

During year ended July 31, 2015, the holders of the Convertible Note Payable dated October 31, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.02 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion. 

           
Date   Amount Converted   Number of Shares Issued
December 8, 2014   $ 60,000   30,000
December 9, 2014     60,000   30,000
June 2, 2015     1,520   76,000
June 5, 2015     1,440   72,000
June 29, 2015     1,000   50,000
July 8, 2015     600   30,000
July 17, 2015     1,640   82,000
July 23, 2015     649   32,450
Total   $ 126,849   402,450

 

During year ended July 31, 2014, the holders of the convertible note payable dated March 31, 2013 converted $167,075 of principal and $18,864 of accrued interest into 9,291,774 shares of common stock. Also, during the year ended July 31, 2014, the holders of the convertible note payable dated October 31, 2013 converted $92,505 of principal and $37,391 of accrued interest into 6,500,000 shares of common stock. On the conversion dates, the unamortized discount related to the beneficial conversion feature was amortized to interest expense.

XML 31 R12.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Note Payable to Related Party
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Related Party Transactions [Abstract]    
Convertible Note Payable to Related Party

Note 4. Related Party Transaction

 

On September 1, 2015, Bloise International Corporation, a significant shareholder of the Company, converted $5,611 of accrued interest on a convertible note into 14,029 shares of our common stock.

Note 6. Convertible Note Payable to Related Party

 

On March 31, 2015, we issued a convertible note payable for $330,349 to Bloise International Corporation (“Bloise”), a significant shareholder of the Company. The note proceeds were used to reduce our accounts payable by the same amount. The note matures on March 31, 2017. This note is unsecured, bears interest at 10% and is convertible into shares of common stock at a rate of $0.40 per share. As discussed below, all principal on the note was fully converted and is no longer outstanding as of July 31, 2015.

 

The Company evaluated the terms of the notes in accordance with ASC Topic No. 815 – 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. The Company determined that the conversion features did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion features for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the notes and was deemed to be greater than the market value of underlying common stock at the inception of the note. As a result, we determined that no beneficial conversion feature was necessary on this note.

 

Conversions into Common Stock

 

On June 1, 2015, Bloise International Corporation elected to convert $330,349 of principal into 825,872 shares of our common stock at a rate of $0.40 per share. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion. As of July 31, 2015, we owed Bloise $5,611 of accrued interest on the note.

XML 32 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt Repayment Commitments
12 Months Ended
Jul. 31, 2015
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]  
Debt Repayment Commitments

Note 7. Debt Repayment Commitments

 

We have commitments to repay the following debt over the next five years: 

                         
    Year ended July 31,
    2016   2017   2018   2019   2020   Total
Convertible notes   $ 922,401   $ 1,142,949         $ 2,065,350
Total   $ 922,401   $ 1,142,949         $ 2,065,350
XML 33 R14.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Stockholders' Equity Note [Abstract]    
Stockholders' Equity

Note 7. Stockholders’ Equity

 

Conversion of shares

 

During three months ended October 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:

 

           
Date   Amount Converted   Number of Shares Issued
August 14, 2015   $ 840   42,000
August 24, 2015     1,770   88,500
September 1, 2015     5,611   14,029
September 2, 2015     420   21,000
September 11, 2015     1,780   89,000
September 24, 2015     2,700   135,000
October 8, 2015     690   34,500
October 16, 2015     4,418   220,900
Total   $ 18,229   644,929

Note 8. Stockholders’ Equity

 

Beneficial Conversion Discount on Convertible Notes Payable

 

During the years ended July 31, 2015 and 2014, we recognized beneficial conversion discounts on issuance of convertible notes payable of $1,142,949 and $1,118,979, respectively. See Note 7.

 

Conversion of shares

 

During year ended July 31, 2015, we issued 402,450 shares of common stock as a result of conversions of convertible notes payable of $126,849. The conversions were effected by the original payee of the note or its subsequent assigns as discussed in Note 5 above. During the same period we issued 825,872 shares of common stock to Bloise as a result of a conversion of a convertible note payable of $330,349. During the year ended July 31, 2014, we issued 157,918 shares of common stock as a result of conversions of convertible notes payable of $315,835.

 

Preferred Stock

 

On June 12, 2015, the board of directors designated 1,000,000 shares of Series E preferred stock. The Series E preferred stock has a par value of $0.001 and ranks subordinate to the Company’s common stock. The outstanding shares of Series E preferred stock have the right to take action by written consent or vote based on the number of votes equal to twice the number of votes of all outstanding shares of capital stock. On the same date, the Company issued 1,000,000 shares of Series E preferred stock to Bloise International Corporation, a Panama corporation whose beneficial owner is Ilya Solodov (“Bloise”), for compensation in a control transaction. Prior to this transaction, Bloise owned 1,275,872 shares of common stock, or approximately 62%, of the Company. These shares were valued at $140,000 which was the estimated market value of the Series E Preferred Stock on the date of the transaction. The market value was determined by estimating the market value of the controlling interest in a public company.

XML 34 R15.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]    
Commitments

Note 8. Commitments

 

During the three months ended October 31, 2015 and 2014, KMDA has provided office space and certain administrative functions to the Company. The services provided include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As a part of the services provided to the Company, KMDA receives the advances from the lender (See Note 5.) and disburses those funds to the Company. During the three months ending October 31, 2015 and 2014, KMDA billed the Company $47,626 and $31,791, respectively, for those services. At October 31, 2015, no amounts were owed for these services.

 

We rent office space in Las Vegas, Nevada; Houston, Texas and Vancouver, British Columbia. We also rent warehouse space in Houston, Texas. All leases are short-term with expiration dates of one year or less from the origination date.

Note 9. Commitments

 

During the years ended July 31, 2015 and 2014, KM Delaney & Assoc. (“KMDA”) has provided office space and certain administrative functions to the Company. The services provided include a furnished executive suite, use of office equipment and supplies, accounting and bookkeeping services, treasury and cash management services, financial reporting, and other support staffing requirements. As a part of the services provided to the Company, KMDA receives the advances from the lender (See Note 7.) and disburses those funds to the Company. During the years ended July 31, 2015 and 2014, KMDA billed the Company $198,858 and $169,061, respectively, for those services. At July 31, 2015, no amounts were owed for these services.

 

We rent office space in Las Vegas, Nevada; Houston, Texas and Vancouver, British Columbia. We also rent warehouse space in Houston, Texas. All leases are short-term with expiration dates of one year or less from the origination date.

XML 35 R16.htm IDEA: XBRL DOCUMENT v3.3.1.900
The Jaxon Investment Agreement
12 Months Ended
Jul. 31, 2015
Jaxon Investment Agreement  
The Jaxon Investment Agreement

Note 10. The Jaxon Investment Agreement

 

On September 15, 2014, we entered into an investment agreement (the “Jaxon Investment Agreement”) with Jaxon Group Corp., a Louisiana corporation (“Jaxon”). Pursuant to the terms of the Jaxon Investment Agreement, Jaxon committed to purchase up to $5,000,000 of our common stock over a period of up to thirty-six (36) months.

 

In connection with the Jaxon Investment Agreement, we also entered into a registration rights agreement with Jaxon, pursuant to which we are obligated to file a registration statement with the SEC covering 10,000,000 shares of our common stock underlying the Jaxon Investment Agreement within 21 days after the closing of the transaction. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 120 days after the closing of the transaction and maintain the effectiveness of such registration statement until termination of the Jaxon Investment Agreement.

 

The proceeds to be received will depend upon the stock price immediately prior to the stock put being exercised.

 

Jaxon will periodically purchase our common stock under the Jaxon Investment Agreement and will, in turn, sell such shares to investors in the market at the market price. This may cause our stock price to decline, which will require us to issue increasing numbers of common shares to Jaxon to raise the same amount of funds, as our stock price declines.

 

No amounts have been requested by the Company or funded under the Jaxon Investment Agreement. Jaxon is not obligated to purchase our common stock under the Jaxon Investment Agreement until the registration statement is declared effective. The registration statement was declared effective on December 8, 2014. On March 3, 2015, the Company withdrew the registration statement that registered the shares issuable under the Jaxon Investment Agreement.

XML 36 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes
12 Months Ended
Jul. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes

Note 11. Income Taxes

 

There is no current or deferred income tax expense or benefit for the period ended July 31, 2015.

 

The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference for the periods ended July 31, 2015 and 2014 are as follows.

                 
    July 31, 2015   July 31, 2014
Tax benefit at U.S. statutory rate   $ 762,537     $ 466,602  
Less: amortization of discount on convertible notes     (172,357 )     (380,452 )
Less: stock based compensation     (49,000 )      
Less: valuation allowance     (541,180 )     (86,150 )
Net tax benefit   $     $  

 

As of July 31, 2015, the Company has net operating loss carryforwards of approximately $4,142,000 which begin to expire in 2022.  The use of our net operating loss carryforwards may be limited due to the change in control of the Company.

XML 37 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Subsequent Events
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Subsequent Events [Abstract]    
Subsequent Events

Note 9. Subsequent Events


On November 16, 2015, the holders of the convertible promissory note dated October 31, 2013, converted $3,560 of accrued interest into 178,000 share of our common stock.


On December 22, 2015, the holders of our convertible note dated October 31, 2013 converted $4,140 of accrued interest into 207,000 shares of common stock.


On January 7, 2016, the holders of our convertible note dated October 31, 2013 converted $1,310 of accrued interest into 65,500 shares of common stock.


On January 18, 2016, the holders of our convertible note dated October 31, 2013 converted $3,098 of accrued interest into 154,900 shares of common stock.

Note 12. Subsequent Events


On August 14, 2015, the holder of our convertible note dated October 31, 2013 converted $840 of accrued interest into 42,000 shares of common stock.


On August 24, 2015, the holders of our convertible note dated October 31, 2013 converted $1,770 of accrued interest into 88,500 shares of common stock.


On September 1, 2015, the holder of our convertible note dated March 31, 2015 converted $5,611 of accrued interest into 14,029 restricted shares of common stock.


On September 2, 2015, the holder of our convertible note dated October 31, 2013 converted $420 of accrued interest into 21,000 shares of common stock.


On September 11, 2015, the holders of our convertible note dated October 31, 2013 converted $1,780 of accrued interest into 89,000 shares of common stock.


On September 24, 2015, the holders of our convertible note dated October 31, 2013 converted $2,700 of accrued interest into 135,000 shares of common stock.


On October 8, 2015, the holders of our convertible note dated October 31, 2013 converted $690 of accrued interest into 34,500 shares of common stock.


On October 16, 2015, the holders of our convertible note dated October 31, 2013 converted $4,418 of accrued interest into 220,900 shares of common stock.

XML 38 R19.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies (Policy)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Accounting Policies [Abstract]    
Basis of Presentation  

Basis of Presentation

 

The consolidated financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Interim Financial Statements

Interim Financial Statements

 

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended July 31, 2015 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).

 

The results of operations for the three-month period ended October 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2016.

 
Principles of Consolidation  

Principles of Consolidation

 

The consolidated financial statements include the accounts and operations of Aristocrat Group Corp., and its wholly owned subsidiaries Luxuria Brands, LLC; Level Two Holdings, LLC; and Top Shelf Distributing, LLC (collectively referred to as the “Company”). All material intercompany accounts and transactions are eliminated in consolidation.

Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications  

Reclassifications

 

Certain prior period amounts have been reclassified to conform with the current period presentation.

Cash and Cash Equivalents  

Cash and Cash Equivalents

 

For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $7,411 and $13,103 at July 31, 2015 and July 31, 2014, respectively.

Accounts Receivable  

Accounts Receivable

 

Pursuant to FASB ASC paragraph 310-10-35-47 trade receivables that management has the intent and ability to hold for the foreseeable future shall be reported in the balance sheet at outstanding principal adjusted for any charge-offs and the allowance for doubtful accounts. The Company follows FASB ASC paragraphs 310-10-35-7 through 310-10-35-10 to estimate the allowance for doubtful accounts. Pursuant to FASB ASC paragraph 310-10-35-9, losses from uncollectible receivables shall be accrued when both of the following conditions are met: (a) Information available before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25) indicates that it is probable that an asset has been impaired at the date of the financial statements, and (b) The amount of the loss can be reasonably estimated. Those conditions may be considered in relation to individual receivables or in relation to groups of similar types of receivables. If the conditions are met, accrual shall be made even though the particular receivables that are uncollectible may not be identifiable. The Company reviews individually each trade receivable for collectability and performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience, customer specific facts and general economic conditions that may affect a client’s ability to pay. Bad debt expense is included in general and administrative expenses, if any.

 

Pursuant to FASB ASC paragraph 310-10-35-41 Credit losses for trade receivables (uncollectible trade receivables), which may be for all or part of a particular trade receivable, shall be deducted from the allowance. The related trade receivable balance shall be charged off in the period in which the trade receivables are deemed uncollectible. Recoveries of trade receivables previously charged off shall be recorded when received. The Company charges off its trade account receivables against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

 

As of July 31, 2015 and 2014, the Company had no allowance for bad debt.

Inventory

Inventory

 

Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.

Inventory

 

Inventory consists solely of finished goods, which consist entirely of bottled vodka. Inventory is recorded at weighted average cost.

Fixed Assets  

Fixed Assets

 

Our fixed assets include a trailer which was acquired during the year ended July 31, 2015. We depreciate the trailer over a five-year life using the straight-line depreciation method. During the year ended July 31, 2015, we recognized depreciation expense of $1,520.

Impairment of Long-Lived Assets  

Impairment of Long-Lived Assets

 

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. During the years ended July 31, 2015 and 2014, the Company has not recognized any impairment loss.

Revenue Recognition  

Revenue Recognition

 

The Company follows ASC 605, Revenue Recognition recognizing revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

 

Sales of RWB Vodka are recognized when the product has been delivered to the purchaser.

Income Taxes  

Income Taxes

 

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of at July 31, 2015 or July 31, 2014.

Earnings (Loss) per Common Share  

Earnings (Loss) per Common Share

 

The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, Earnings per Share. The basic earnings (loss) per common share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.

 

In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company’s convertible debt is considered anti-dilutive due to the Company’s net loss for the year ended July 31, 2015 and 2014. As a result, the Company did not have any potentially dilutive common shares for those periods. For the three months ended July 31, 2015 and 2014, potentially issuable shares as a result of conversions of convertible notes payable have been excluded from the calculation. At July 31, 2015, the Company had 148,683,079 potentially issuable shares upon the conversion of convertible notes payable and interest.

Related Parties  

Related Parties

 

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

Financial Instruments  

Financial Instruments

 

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

 

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

     
  Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
     
  Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
     
  Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

 

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

Significant Concentrations

Significant Concentrations

 

During the three months ended October 31, 2015, two customers generated 44% and 9% of our revenue. As of October 31, 2015, those two customers represented 4% and 0% of our accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.

 

All of the Company’s inventory was manufactured by a single supplier during the three months ended October 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company’s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company’s product, there are alternative suppliers for its product at a competitive price.

Significant Concentrations

 

During the year ended July 31, 2015, two customers generated 53% and 10% of our revenue. During the year ended July 31, 2014, those same customers generated 0% and 100% of our revenue. As of July 31, 2015, those two customers represented 95% and 0% of accounts receivable. All accounts receivable from these customers were received subsequent to the end of the period.

 

All of the Company’s inventory was manufactured by a single supplier during the year ended July 31, 2015. The Company believes that, in the event that its significant customers are unable to continue to purchase the Company’s product, there are a substantial number of alternative buyers for its product at a competitive price. The Company believes that, in the event that its supplier is unable to continue to supply the Company’s product, there are alternative suppliers for its product at a competitive price.

Recently Issued Accounting Pronouncements  

Recently Issued Accounting Pronouncements

 

There were various other accounting standards and interpretations issued recently, none of which are expected to a have a material impact on the Company’s consolidated financial position, operations or cash flows.

XML 39 R20.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible notes payable (Tables)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Debt Disclosure [Abstract]    
Schedule of convertible notes payable

Convertible notes payable due to Vista View Ventures Inc. consisted of the following at October 31, 2015 and July 31, 2015:

 

               
    October 31, 2015   July 31, 2015  
           
Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share     320,342     320,342  
Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     83,265     83,265  
Convertible note in the original principal amount of $117,719, issued January 31, 2014 and due January 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     117,719     117,719  
Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     401,075     401,075  
Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     331,561     331,561  
Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share     269,815     269,815  
Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share     266,112     266,112  
Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.     275,461     275,461  
Convertible note in the original principal amount of $521,122, issued October 31, 2015 and due October 31, 2018, bearing interest at 10% per year, convertible into common stock at a rate of $0.45 per share.     521,122      
Total convertible notes payable     2,586,472     2,065,350  
               
Less: current portion of convertible notes payable     (1,253,962 )   (922,401 )
Less: discount on noncurrent convertible notes payable     (1,287,519 )   (1,093,340 )
Long-term convertible notes payable, net of discount   $ 44,991   $ 49,609  
               
Current portion of convertible notes payable     1,253,962     922,401  
Less: discount on current convertible notes payable     (587,765 )   (512,883 )
Current convertible notes payable, net of discount   $ 666,197   $ 409,518  

Convertible notes payable due to Vista View Ventures Inc. consisted of the following at July 31, 2015 and July 31, 2014:

               
    July 31, 2015   July 31, 2014  
           
Convertible note in the original principal amount of $516,920, issued October 31, 2013 and due October 31, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.02 per share   $ 320,342   $ 424,415  
Convertible note in the original principal amount of $83,265, issued November 30, 2013 and due November  30, 2015, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     83,265     83,265  
Convertible note in the original principal amount of $117,719, issued January 1, 2014 and due January 1, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     117,719     117,719  
Convertible note in the original principal amount of $401,075, issued July 31, 2014 and due July 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     401,075     401,075  
Convertible note in the original principal amount of $331,561, issued October 31, 2014 and due October 31, 2016, bearing interest at 10% per year, convertible into common stock at a rate of $0.01 per share     331,561      
Convertible note in the original principal amount of $269,815, issued January 31, 2015 and due January 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.025 per share     269,815      
Convertible note in the original principal amount of $266,112, issued April 30, 2015 and due April 30, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.90 per share     266,112      
Convertible note in the original principal amount of $275,461, issued July 31, 2015 and due July 31, 2017, bearing interest at 10% per year, convertible into common stock at a rate of $0.80 per share.     275,461      
Total convertible notes payable     2,065,350     1,026,474  
               
Less: current portion of convertible notes payable     (922,401 )    
Less: discount on noncurrent convertible notes payable     (1,093,340 )   (955,723 )
Long-term convertible notes payable, net of discount   $ 49,609   $ 70,751  
               
Current portion of convertible notes payable     922,401      
Less: discount on current convertible notes payable     (512,883 )    
Long-term convertible notes payable, net of discount   $ 409,518   $  
Schedule of convertible notes issued

The convertible promissory note and unpaid accrued interest are convertible into common stock at the option of the holder.

 

                         
Date Issued   Maturity Date   Interest
Rate
  Conversion Rate   Amount of Note  
October 31, 2015   October 31, 2018   10 %   $ 0.45   $ 521,122  
                    $ 521,122  

Date Issued   Maturity Date   Interest
Rate
  Conversion Rate   Amount of
Note
  Beneficial
Conversion
Discount
October 31, 2014   October 31, 2016   10 %   $ 0.01   $ 331,561   $ 331,561
January 31, 2015   January 31, 2017   10 %   $ 0.01     269,815     269,815
April 30, 2015   April 30, 2017   10 %   $ 0.90     266,112     266,112
July 31, 2015   July 31, 2017   10 %   $ 0.80     275,461     275,461
Total                   $ $1,142,949   $ $1,142,949

                       
Date Issued   Maturity Date   Interest
Rate
  Conversion Rate
Per Share
  Amount of
Note
October 31, 2013   October 31, 2015   10 %   $ 0.02   $ 516,920
November 30, 2013   November 30, 2015   10 %     0.01     83,265
January 31, 2014   January 31, 2016   10 %     0.01     117,719
July 31, 2014   July 31, 2016   10 %     0.01     401,075
Total                   $ 1,118,979
Schedule of conversions into common stock

During three months ended October 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:

 

           
Date   Amount Converted   Number of Shares Issued
August 14, 2015   $ 840   42,000
August 24, 2015     1,770   88,500
September 1, 2015     5,611   14,029
September 2, 2015     420   21,000
September 11, 2015     1,780   89,000
September 24, 2015     2,700   135,000
October 8, 2015     690   34,500
October 16, 2015     4,418   220,900
Total   $ 18,229   644,929

Date   Amount Converted   Number of Shares Issued
December 8, 2014   $ 60,000   30,000
December 9, 2014     60,000   30,000
June 2, 2015     1,520   76,000
June 5, 2015     1,440   72,000
June 29, 2015     1,000   50,000
July 8, 2015     600   30,000
July 17, 2015     1,640   82,000
July 23, 2015     649   32,450
Total   $ 126,849   402,450
XML 40 R21.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt Repayment Commitments (Tables)
12 Months Ended
Jul. 31, 2015
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]  
Schedule of debt repayment commitments

We have commitments to repay the following debt over the next five years:

                         
    Year ended July 31,
    2016   2017   2018   2019   2020   Total
Convertible notes   $ 922,401   $ 1,142,949         $ 2,065,350
Total   $ 922,401   $ 1,142,949         $ 2,065,350
XML 41 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity (Tables)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Stockholders' Equity Note [Abstract]    
Schedule of conversions into common stock

During three months ended October 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:

 

           
Date   Amount Converted   Number of Shares Issued
August 14, 2015   $ 840   42,000
August 24, 2015     1,770   88,500
September 1, 2015     5,611   14,029
September 2, 2015     420   21,000
September 11, 2015     1,780   89,000
September 24, 2015     2,700   135,000
October 8, 2015     690   34,500
October 16, 2015     4,418   220,900
Total   $ 18,229   644,929

Date   Amount Converted   Number of Shares Issued
December 8, 2014   $ 60,000   30,000
December 9, 2014     60,000   30,000
June 2, 2015     1,520   76,000
June 5, 2015     1,440   72,000
June 29, 2015     1,000   50,000
July 8, 2015     600   30,000
July 17, 2015     1,640   82,000
July 23, 2015     649   32,450
Total   $ 126,849   402,450
XML 42 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Jul. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of income taxes

The items causing this difference for the periods ended July 31, 2015 and 2014 are as follows.

                 
    July 31, 2015   July 31, 2014
Tax benefit at U.S. statutory rate   $ 762,537     $ 466,602  
Less: amortization of discount on convertible notes     (172,357 )     (380,452 )
Less: stock based compensation     (49,000 )      
Less: valuation allowance     (541,180 )     (86,150 )
Net tax benefit   $     $  
XML 43 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
General Organization and Business (Details Narrative) - $ / shares
12 Months Ended
Apr. 17, 2015
Jul. 31, 2015
Oct. 31, 2015
Jul. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Description of reverse stock split 1-for-100

Each of our shareholders on the record date received one share of the Nevada company’s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder received at least five shares.

   
Common stock, authorized   480,000,000 480,000,000 480,000,000
Preferred stock, authorized   20,000,000 20,000,000 20,000,000
Common stock, par value per share (in dollars per share)   $ 0.001 $ 0.001 $ 0.0010
Preferred stock, par value per share (in dollars per share)   $ 0.001 $ 0.001 $ 0.0010
XML 44 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Going Concern (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Net loss $ (691,600) $ (407,546) $ (2,178,676) $ (1,372,360)
Cash flow from operations (538,102) $ (324,416) (1,140,506) $ (794,109)
Working capital $ (808,538)   $ (642,122)  
XML 45 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies (Details Narrative)
3 Months Ended 12 Months Ended
Oct. 31, 2015
USD ($)
N
Jul. 31, 2015
USD ($)
shares
Jul. 31, 2014
USD ($)
Oct. 31, 2014
USD ($)
Jul. 31, 2013
USD ($)
Cash and cash equivalents | $ $ 8,816 $ 7,411 $ 13,103 $ 12,113 $ 205,153
Useful life   5 years      
Depreciation expense | $   $ 1,520      
Potentially issuable shares upon the conversion of convertible notes payable and interest | shares   148,683,079      
Customer Concentration Risk [Member] | Revenue [Member]          
Number of customer | N 2        
Customer Concentration Risk [Member] | Revenue [Member] | Customer One [Member]          
Percentage of concentration risk 44.00% 53.00% 0.00%    
Customer Concentration Risk [Member] | Revenue [Member] | Customer Two [Member]          
Percentage of concentration risk 9.00% 10.00% 100.00%    
Customer Concentration Risk [Member] | Accounts Receivable [Member]          
Number of customer | N 2        
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer One [Member]          
Percentage of concentration risk 4.00% 95.00%      
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Two [Member]          
Percentage of concentration risk 0.00% 0.00%      
XML 46 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Advances (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Proceeds from advances $ 539,507 $ 331,561 $ 1,142,949 $ 602,059
Advances payable 18,385  
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member]        
Proceeds from advances $ 521,122 $ 331,561 $ 1,142,949 $ 602,059
XML 47 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Sep. 01, 2015
Jun. 01, 2015
Apr. 17, 2015
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Amortization of debt discount       $ 252,061 $ 48,395 $ 492,449 $ 302,409
Reserve stock split ratio     1-for-100    

Each of our shareholders on the record date received one share of the Nevada company’s common stock for each 100 shares of common stock they own in the Florida company. Fractional shares will be rounded up to the next whole share, and each shareholder received at least five shares.

 
Number of common shares issued upon conversion           148,669,051  
Percentage of common stock outstanding           98.00%  
10% Convertible Note Payable Due October 31, 2015 [Member]              
Number of common shares issued upon conversion           402,450 6,500,000
Debt instrument, accrued interest             $ 37,391
Debt instrument, principal balance             $ 92,505
Convertible Notes Payable Due October 31, 2013 [Member]              
Conversion price       $ 0.02      
Number of common shares issued upon conversion       630,900     9,291,774
Debt instrument, accrued interest             $ 18,864
Debt instrument, principal balance             167,075
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member]              
Total convertible notes payable       $ 2,586,472   $ 1,142,949 $ 1,118,979
Maximum percentage of ownership interest       4.90%   4.99% 4.99%
Effective interest rate       191.56%      
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due October 31, 2015 [Member]              
Total convertible notes payable       $ 320,342   $ 320,342 $ 424,415
Conversion price       $ 0.02   $ 0.02 $ 0.02
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | Maximum [Member]              
Conversion price             0.02
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | Minimum [Member]              
Conversion price             $ 0.01
Montego Blue Enterprises Corporation [Member] | 10% Convertible Note Payable Due October 31, 2015 [Member]              
Total convertible notes payable           $ 61,440  
THM Consulting Corp [Member] | 10% Convertible Note Payable Due October 31, 2015 [Member]              
Total convertible notes payable           1,640  
Jaxon Group Corp [Member] | 10% Convertible Note Payable Due October 31, 2015 [Member]              
Total convertible notes payable           $ 649  
Bloise International Corporation [Member]              
Conversion price   $ 0.40   $ 0.40      
Number of common shares issued upon conversion 14,029 825,872   14,029      
Debt instrument, accrued interest       $ 5,611      
XML 48 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable (Details) - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Jul. 31, 2014
Less: discount on noncurrent convertible notes payable $ 1,287,519 $ 1,093,340 $ 955,723
Long-term convertible notes payable, net of discount 44,991 49,609 70,751
Less: discount on current portion of convertible notes payable 587,765 512,883 $ 0
Long-term convertible notes payable, net of discount 666,197 409,518
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member]      
Total convertible notes payable 2,586,472 1,142,949 $ 1,118,979
Less: current portion of convertible notes payable (1,253,962)    
Less: discount on noncurrent convertible notes payable (1,287,519)    
Long-term convertible notes payable, net of discount 44,991    
Current portion of convertible notes payable (1,253,962)    
Less: discount on current portion of convertible notes payable (587,765)    
Long-term convertible notes payable, net of discount 666,197    
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due October 31, 2015 [Member]      
Debt instrument, face amount $ 516,920 $ 516,920  
Issuance Date Oct. 31, 2013 Oct. 31, 2013 Oct. 31, 2013
Conversion Price (in dollars per share) $ 0.02 $ 0.02 $ 0.02
Total convertible notes payable $ 320,342 $ 320,342 $ 424,415
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due November 30, 2015 [Member]      
Debt instrument, face amount $ 83,265 $ 83,265  
Issuance Date Nov. 30, 2013 Nov. 30, 2013 Nov. 30, 2013
Conversion Price (in dollars per share) $ 0.01 $ .01 $ 0.01
Total convertible notes payable $ 83,265 $ 83,265 $ 83,265
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due January 1, 2016 [Member]      
Debt instrument, face amount $ 117,719 $ 117,719  
Issuance Date Jan. 31, 2014 Jan. 01, 2014  
Conversion Price (in dollars per share) $ 0.01 $ 0.01  
Total convertible notes payable $ 117,719 $ 117,719 $ 117,719
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due July 31, 2016 [Member]      
Debt instrument, face amount $ 401,075 $ 401,075  
Issuance Date Jul. 31, 2014 Jul. 31, 2014 Jul. 31, 2014
Conversion Price (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Total convertible notes payable $ 401,075 $ 401,075 $ 401,075
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due October 31, 2016 [Member]      
Debt instrument, face amount $ 331,561 $ 331,561  
Issuance Date Oct. 31, 2014 Oct. 31, 2014  
Conversion Price (in dollars per share) $ 0.01 $ 0.01  
Total convertible notes payable $ 331,561 $ 331,561
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due January 31, 2017 [Member]      
Debt instrument, face amount $ 269,815 $ 269,815  
Issuance Date Jan. 31, 2015 Jan. 31, 2015  
Conversion Price (in dollars per share) $ 0.025 $ 0.025  
Total convertible notes payable $ 269,815 $ 269,815
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due April 30, 2017 [Member]      
Debt instrument, face amount $ 266,112 $ 266,112  
Issuance Date Apr. 30, 2015 Apr. 30, 2015  
Conversion Price (in dollars per share) $ 0.90 $ 0.90  
Total convertible notes payable $ 266,112 $ 266,112
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due July 31, 2017 [Member]      
Debt instrument, face amount $ 275,461 $ 275,461  
Issuance Date Jul. 31, 2015 Jul. 31, 2015  
Conversion Price (in dollars per share) $ 0.80 $ 0.80  
Total convertible notes payable $ 275,461 $ 275,461
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | Convertible Notes Payable [Member]      
Total convertible notes payable   2,065,350 $ 1,026,474
Less: current portion of convertible notes payable   (922,401)
Less: discount on noncurrent convertible notes payable   (1,093,340) $ (955,723)
Long-term convertible notes payable, net of discount   49,609 $ 70,751
Current portion of convertible notes payable   (922,401)
Less: discount on current portion of convertible notes payable   (512,883)
Long-term convertible notes payable, net of discount   $ 409,518
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due October 31, 2018 [Member]      
Debt instrument, face amount $ 521,122  
Issuance Date Oct. 31, 2015   Jan. 31, 2014
Conversion Price (in dollars per share) $ 0.45 $ 0.01
Total convertible notes payable $ 521,122 $ 117,719
XML 49 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable (Details 1) - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Beneficial conversion discount $ 521,122 $ 331,561 $ 1,142,949 $ 1,118,979
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member]        
Total convertible notes payable 2,586,472   1,142,949 $ 1,118,979
Beneficial conversion discount     1,142,949  
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due October 31, 2016 [Member]        
Total convertible notes payable $ 331,561   $ 331,561
Conversion Price (in dollars per share) $ 0.01   $ 0.01  
Issuance Date Oct. 31, 2014   Oct. 31, 2014  
Beneficial conversion discount     $ 331,561  
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due January 31, 2017 [Member]        
Total convertible notes payable $ 269,815   $ 269,815
Conversion Price (in dollars per share) $ 0.025   $ 0.025  
Issuance Date Jan. 31, 2015   Jan. 31, 2015  
Beneficial conversion discount     $ 269,815  
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due April 30, 2017 [Member]        
Total convertible notes payable $ 266,112   $ 266,112
Conversion Price (in dollars per share) $ 0.90   $ 0.90  
Issuance Date Apr. 30, 2015   Apr. 30, 2015  
Beneficial conversion discount     $ 266,112  
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due July 31, 2017 [Member]        
Total convertible notes payable $ 275,461   $ 275,461
Conversion Price (in dollars per share) $ 0.80   $ 0.80  
Issuance Date Jul. 31, 2015   Jul. 31, 2015  
Beneficial conversion discount     $ 275,461  
Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] | 10% Convertible Note Payable Due October 31, 2018 [Member]        
Total convertible notes payable $ 521,122   $ 117,719
Conversion Price (in dollars per share) $ 0.45   $ 0.01
Issuance Date Oct. 31, 2015     Jan. 31, 2014
XML 50 R31.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable (Details 2) - Vista View Ventures, Inc. (Non-Interest Bearing Advances) [Member] - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Jul. 31, 2015
Jul. 31, 2014
Total convertible notes payable $ 2,586,472 $ 1,142,949 $ 1,118,979
10% Convertible Note Payable Due October 31, 2015 [Member]      
Total convertible notes payable $ 320,342 $ 320,342 $ 424,415
Conversion Price (in dollars per share) $ 0.02 $ 0.02 $ 0.02
Issuance Date Oct. 31, 2013 Oct. 31, 2013 Oct. 31, 2013
10% Convertible Note Payable Due November 30, 2015 [Member]      
Total convertible notes payable $ 83,265 $ 83,265 $ 83,265
Conversion Price (in dollars per share) $ 0.01 $ .01 $ 0.01
Issuance Date Nov. 30, 2013 Nov. 30, 2013 Nov. 30, 2013
10% Convertible Note Payable Due January 31, 2016 [Member]      
Total convertible notes payable $ 521,122 $ 117,719
Conversion Price (in dollars per share) $ 0.45 $ 0.01
Issuance Date Oct. 31, 2015   Jan. 31, 2014
10% Convertible Note Payable Due July 31, 2016 [Member]      
Total convertible notes payable $ 401,075 $ 401,075 $ 401,075
Conversion Price (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Issuance Date Jul. 31, 2014 Jul. 31, 2014 Jul. 31, 2014
XML 51 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Notes Payable (Details 3) - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Debt amount converted $ 12,618 $ 126,849 $ 315,835
Number of common shares issued upon conversion     148,669,051  
10% Convertible Note Payable Due October 31, 2015 [Member]        
Debt amount converted     $ 126,849  
Number of common shares issued upon conversion     402,450 6,500,000
10% Convertible Note Payable Due October 31, 2015 [Member] | December 8, 2014 [Member]        
Debt amount converted     $ 60,000  
Number of common shares issued upon conversion     30,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | December 9, 2014 [Member]        
Debt amount converted     $ 60,000  
Number of common shares issued upon conversion     30,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | June 2, 2015 [Member]        
Debt amount converted     $ 1,520  
Number of common shares issued upon conversion     76,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | June 5, 2015 [Member]        
Debt amount converted     $ 1,440  
Number of common shares issued upon conversion     72,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | June 29, 2015 [Member]        
Debt amount converted     $ 1,000  
Number of common shares issued upon conversion     50,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | July 8, 2015 [Member]        
Debt amount converted     $ 600  
Number of common shares issued upon conversion     30,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | July 17, 2015 [Member]        
Debt amount converted     $ 1,640  
Number of common shares issued upon conversion     82,000  
10% Convertible Note Payable Due October 31, 2015 [Member] | July 23, 2015 [Member]        
Debt amount converted     $ 649  
Number of common shares issued upon conversion     32,450  
XML 52 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Convertible Note Payable to Related Party (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Sep. 01, 2015
Jun. 01, 2015
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Mar. 31, 2015
Debt amount converted     $ 12,618 $ 126,849 $ 315,835  
Number of common shares issued upon conversion         148,669,051    
Bloise International Corporation [Member]              
Conversion Price (in dollars per share)   $ 0.40 $ 0.40        
Debt amount converted   $ 330,349          
Number of common shares issued upon conversion 14,029 825,872 14,029        
Debt instrument, accrued interest $ 5,611       $ 5,611    
10% Convertible Note Payable Due March 31, 2017 [Member] | Bloise International Corporation [Member]              
Total convertible notes payable             $ 330,349
Conversion Price (in dollars per share)             $ 0.40
XML 53 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt Repayment Commitments (Details)
Jul. 31, 2015
USD ($)
2016 $ 922,401
2017 $ 1,142,949
2018
2019
2020
Total $ 2,065,350
Convertible Notes Payable [Member]  
2016 922,401
2017 $ 1,142,949
2018
2019
2020
Total $ 2,065,350
XML 54 R35.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Sep. 01, 2015
Jun. 12, 2015
Jun. 01, 2015
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Discount on issuance of convertible notes       $ 521,122   $ 1,142,949 $ 1,118,979
Common shares issued for conversion of notes (in shares)           402,450 157,918
Common shares issued for conversion of notes       12,618   $ 126,849 $ 315,835
Common shares issued for conversion of notes to related party       $ 5,611   $ 330,349  
Preferred stock, shares authorized       20,000,000   20,000,000 20,000,000
Preferred stock, par value (in dollars per share)       $ 0.001   $ 0.001 $ 0.0010
Preferred stock, shares issued       1,000,000   1,000,000 1,000,000
Number of common shares issued upon conversion           148,669,051  
Percentage of common stock outstanding           98.00%  
Value of common shares issued upon conversion       $ 12,618 $ 126,849 $ 315,835
Convertible Notes Payable [Member]              
Number of common shares issued upon conversion       644,929      
Value of common shares issued upon conversion       $ 18,229      
Convertible Notes Payable [Member] | August 14, 2015 [Member]              
Number of common shares issued upon conversion       42,000      
Value of common shares issued upon conversion       $ 840      
Convertible Notes Payable [Member] | August 24, 2015 [Member]              
Number of common shares issued upon conversion       88,500      
Value of common shares issued upon conversion       $ 1,770      
Convertible Notes Payable [Member] | September 1, 2015 [Member]              
Number of common shares issued upon conversion       14,029      
Value of common shares issued upon conversion       $ 5,611      
Convertible Notes Payable [Member] | September 2, 2015 [Member]              
Number of common shares issued upon conversion       21,000      
Value of common shares issued upon conversion       $ 420      
Convertible Notes Payable [Member] | September 11, 2015 [Member]              
Number of common shares issued upon conversion       89,000      
Value of common shares issued upon conversion       $ 1,780      
Convertible Notes Payable [Member] | September 24, 2015 [Member]              
Number of common shares issued upon conversion       135,000      
Value of common shares issued upon conversion       $ 2,700      
Convertible Notes Payable [Member] | October 8, 2015 [Member]              
Number of common shares issued upon conversion       34,500      
Value of common shares issued upon conversion       $ 690      
Convertible Notes Payable [Member] | October 16, 2015 [Member]              
Number of common shares issued upon conversion       220,900      
Value of common shares issued upon conversion       $ 4,418      
Bloise International Corporation [Member]              
Number of common shares issued upon conversion 14,029   825,872 14,029      
Value of common shares issued upon conversion     $ 330,349        
Common Stock [Member]              
Discount on issuance of convertible notes        
Common shares issued for conversion of notes (in shares)       630,900   402,450 157,918
Common shares issued for conversion of notes       $ 631   $ 403 $ 158
Common shares issued for conversion of notes to related party (in shares)       14,029   825,872  
Common shares issued for conversion of notes to related party       $ 14   $ 826  
Common Stock [Member] | Bloise [Member]              
Common shares issued for conversion of notes to related party (in shares)           825,872  
Common shares issued for conversion of notes to related party           $ 330,349  
Series E Preferred Stock [Member]              
Discount on issuance of convertible notes        
Common shares issued for conversion of notes        
Common shares issued for conversion of notes to related party          
Preferred stock, shares authorized   1,000,000          
Preferred stock, par value (in dollars per share)   $ 0.001          
Series E Preferred Stock [Member] | Bloise [Member]              
Number of common shares issued upon conversion   1,275,872          
Percentage of common stock outstanding   62.00%          
Value of common shares issued upon conversion   $ 140,000          
Series E Preferred Stock [Member] | Bloise International Corporation [Member]              
Preferred stock, shares issued   1,000,000          
XML 55 R36.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
KM Delaney & Assoc. [Member]        
Administrative services $ 47,626 $ 31,791 $ 198,858 $ 169,061
XML 56 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
The Jaxon Investment Agreement (Details Narrative) - Jaxon Group Corp [Member]
Sep. 15, 2014
shares
Investment Agreement [Member]  
Maximum number of shares purchased 5,000,000
Agreement term 36 months
Registration Rights Agreement [Member]  
Number of registration shares 10,000,000
XML 57 R38.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Details Narrative)
Jul. 31, 2015
USD ($)
Income Tax Disclosure [Abstract]  
Net operating loss carryforwards $ 4,142,000
XML 58 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Details) - USD ($)
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Income Tax Disclosure [Abstract]    
Tax benefit at U.S. statutory rate $ 762,537 $ 466,602
Less: amortization of discount on convertible notes (172,357) $ (380,452)
Less: stock based compensation (49,000)
Less: valuation allowance $ (541,180) $ (86,150)
Net tax benefit
XML 59 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Subsequent Events (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Jan. 18, 2016
Jan. 07, 2016
Dec. 22, 2015
Nov. 16, 2015
Oct. 16, 2015
Oct. 08, 2015
Sep. 24, 2015
Sep. 11, 2015
Sep. 02, 2015
Sep. 01, 2015
Aug. 24, 2015
Aug. 14, 2015
Oct. 31, 2015
Jul. 31, 2015
Jul. 31, 2014
Subsequent Event [Line Items]                              
Number of common shares issued upon conversion                           148,669,051  
10% Convertible Note Payable Due October 31, 2015 [Member]                              
Subsequent Event [Line Items]                              
Number of common shares issued upon conversion                           402,450 6,500,000
Convertible Notes Payable Due October 31, 2013 [Member]                              
Subsequent Event [Line Items]                              
Number of common shares issued upon conversion                         630,900   9,291,774
Subsequent Event [Member] | 10% Convertible Note Payable Due October 31, 2015 [Member]                              
Subsequent Event [Line Items]                              
Debt instrument, accrued interest         $ 4,418 $ 690 $ 2,700 $ 1,780 $ 420   $ 1,770 $ 840      
Number of common shares issued upon conversion         220,900 34,500 135,000 89,000 21,000   88,500 42,000      
Subsequent Event [Member] | 10% Convertible Note Payable Due March 31, 2015 [Member]                              
Subsequent Event [Line Items]                              
Debt instrument, accrued interest                   $ 5,611          
Number of common shares issued upon conversion                   14,029          
Subsequent Event [Member] | Convertible Notes Payable Due October 31, 2013 [Member]                              
Subsequent Event [Line Items]                              
Debt instrument, accrued interest $ 3,098 $ 1,310 $ 4,140 $ 3,560                      
Number of common shares issued upon conversion 154,900 65,500 207,000 178,000                      
EXCEL 60 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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ᣧ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end XML 61 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 62 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 64 FilingSummary.xml IDEA: XBRL DOCUMENT 3.3.1.900 html 165 154 1 false 43 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://aristocratgroupcorp.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://aristocratgroupcorp.com/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://aristocratgroupcorp.com/role/ConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://aristocratgroupcorp.com/role/ConsolidatedStatementsOfOperations CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 00000005 - Statement - CONSOLIDATED STATEMENT OF CHANGE IN STOCKHOLDERS' EQUITY (DEFICIT) Sheet http://aristocratgroupcorp.com/role/ConsolidatedStatementOfChangeInStockholdersEquityDeficit CONSOLIDATED STATEMENT OF CHANGE IN STOCKHOLDERS' EQUITY (DEFICIT) Statements 5 false false R6.htm 00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://aristocratgroupcorp.com/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 00000007 - Disclosure - General Organization and Business Sheet http://aristocratgroupcorp.com/role/GeneralOrganizationAndBusiness General Organization and Business Notes 7 false false R8.htm 00000008 - Disclosure - Going Concern Sheet http://aristocratgroupcorp.com/role/GoingConcern Going Concern Notes 8 false false R9.htm 00000009 - Disclosure - Summary of Significant Accounting Policies Sheet http://aristocratgroupcorp.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - Advances Sheet http://aristocratgroupcorp.com/role/Advances Advances Notes 10 false false R11.htm 00000011 - Disclosure - Convertible Notes Payable Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayable Convertible Notes Payable Notes 11 false false R12.htm 00000012 - Disclosure - Convertible Note Payable to Related Party Sheet http://aristocratgroupcorp.com/role/ConvertibleNotePayableToRelatedParty Convertible Note Payable to Related Party Notes 12 false false R13.htm 00000013 - Disclosure - Debt Repayment Commitments Sheet http://aristocratgroupcorp.com/role/DebtRepaymentCommitments Debt Repayment Commitments Notes 13 false false R14.htm 00000014 - Disclosure - Stockholders' Equity Sheet http://aristocratgroupcorp.com/role/StockholdersEquity Stockholders' Equity Notes 14 false false R15.htm 00000015 - Disclosure - Commitments Sheet http://aristocratgroupcorp.com/role/Commitments Commitments Notes 15 false false R16.htm 00000016 - Disclosure - The Jaxon Investment Agreement Sheet http://aristocratgroupcorp.com/role/JaxonInvestmentAgreement The Jaxon Investment Agreement Notes 16 false false R17.htm 00000017 - Disclosure - Income Taxes Sheet http://aristocratgroupcorp.com/role/IncomeTaxes Income Taxes Notes 17 false false R18.htm 00000018 - Disclosure - Subsequent Events Sheet http://aristocratgroupcorp.com/role/SubsequentEvents Subsequent Events Notes 18 false false R19.htm 00000019 - Disclosure - Summary of Significant Accounting Policies (Policy) Sheet http://aristocratgroupcorp.com/role/SummaryOfSignificantAccountingPoliciesPolicy Summary of Significant Accounting Policies (Policy) Policies http://aristocratgroupcorp.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Convertible notes payable (Tables) Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayableTables Convertible notes payable (Tables) Tables 20 false false R21.htm 00000021 - Disclosure - Debt Repayment Commitments (Tables) Sheet http://aristocratgroupcorp.com/role/DebtRepaymentCommitmentsTables Debt Repayment Commitments (Tables) Tables http://aristocratgroupcorp.com/role/DebtRepaymentCommitments 21 false false R22.htm 00000022 - Disclosure - Stockholders' Equity (Tables) Sheet http://aristocratgroupcorp.com/role/StockholdersEquityTables Stockholders' Equity (Tables) Tables http://aristocratgroupcorp.com/role/StockholdersEquity 22 false false R23.htm 00000023 - Disclosure - Income Taxes (Tables) Sheet http://aristocratgroupcorp.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://aristocratgroupcorp.com/role/IncomeTaxes 23 false false R24.htm 00000024 - Disclosure - General Organization and Business (Details Narrative) Sheet http://aristocratgroupcorp.com/role/GeneralOrganizationAndBusinessDetailsNarrative General Organization and Business (Details Narrative) Details http://aristocratgroupcorp.com/role/GeneralOrganizationAndBusiness 24 false false R25.htm 00000025 - Disclosure - Going Concern (Details Narrative) Sheet http://aristocratgroupcorp.com/role/GoingConcernDetailsNarrative Going Concern (Details Narrative) Details http://aristocratgroupcorp.com/role/GoingConcern 25 false false R26.htm 00000026 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://aristocratgroupcorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://aristocratgroupcorp.com/role/SummaryOfSignificantAccountingPoliciesPolicy 26 false false R27.htm 00000027 - Disclosure - Advances (Details Narrative) Sheet http://aristocratgroupcorp.com/role/AdvancesDetailsNarrative Advances (Details Narrative) Details http://aristocratgroupcorp.com/role/Advances 27 false false R28.htm 00000028 - Disclosure - Convertible Notes Payable (Details Narrative) Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayableDetailsNarrative Convertible Notes Payable (Details Narrative) Details http://aristocratgroupcorp.com/role/ConvertibleNotesPayable 28 false false R29.htm 00000029 - Disclosure - Convertible Notes Payable (Details) Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayableDetails Convertible Notes Payable (Details) Details http://aristocratgroupcorp.com/role/ConvertibleNotesPayable 29 false false R30.htm 00000030 - Disclosure - Convertible Notes Payable (Details 1) Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayableDetails1 Convertible Notes Payable (Details 1) Details http://aristocratgroupcorp.com/role/ConvertibleNotesPayable 30 false false R31.htm 00000031 - Disclosure - Convertible Notes Payable (Details 2) Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayableDetails2 Convertible Notes Payable (Details 2) Details http://aristocratgroupcorp.com/role/ConvertibleNotesPayable 31 false false R32.htm 00000032 - Disclosure - Convertible Notes Payable (Details 3) Notes http://aristocratgroupcorp.com/role/ConvertibleNotesPayableDetails3 Convertible Notes Payable (Details 3) Details http://aristocratgroupcorp.com/role/ConvertibleNotesPayable 32 false false R33.htm 00000033 - Disclosure - Convertible Note Payable to Related Party (Details Narrative) Sheet http://aristocratgroupcorp.com/role/ConvertibleNotePayableToRelatedPartyDetailsNarrative Convertible Note Payable to Related Party (Details Narrative) Details http://aristocratgroupcorp.com/role/ConvertibleNotePayableToRelatedParty 33 false false R34.htm 00000034 - Disclosure - Debt Repayment Commitments (Details) Sheet http://aristocratgroupcorp.com/role/DebtRepaymentCommitmentsDetails Debt Repayment Commitments (Details) Details http://aristocratgroupcorp.com/role/DebtRepaymentCommitmentsTables 34 false false R35.htm 00000035 - Disclosure - Stockholders' Equity (Details Narrative) Sheet http://aristocratgroupcorp.com/role/StockholdersEquityDetailsNarrative Stockholders' Equity (Details Narrative) Details http://aristocratgroupcorp.com/role/StockholdersEquityTables 35 false false R36.htm 00000036 - Disclosure - Commitments (Details Narrative) Sheet http://aristocratgroupcorp.com/role/CommitmentsDetailsNarrative Commitments (Details Narrative) Details http://aristocratgroupcorp.com/role/Commitments 36 false false R37.htm 00000037 - Disclosure - The Jaxon Investment Agreement (Details Narrative) Sheet http://aristocratgroupcorp.com/role/JaxonInvestmentAgreementDetailsNarrative The Jaxon Investment Agreement (Details Narrative) Details http://aristocratgroupcorp.com/role/JaxonInvestmentAgreement 37 false false R38.htm 00000038 - Disclosure - Income Taxes (Details Narrative) Sheet http://aristocratgroupcorp.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) Details http://aristocratgroupcorp.com/role/IncomeTaxesTables 38 false false R39.htm 00000039 - Disclosure - Income Taxes (Details) Sheet http://aristocratgroupcorp.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://aristocratgroupcorp.com/role/IncomeTaxesTables 39 false false R40.htm 00000040 - Disclosure - Subsequent Events (Details Narrative) Sheet http://aristocratgroupcorp.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://aristocratgroupcorp.com/role/SubsequentEvents 40 false false All Reports Book All Reports ascc-20151031.xml ascc-20151031.xsd ascc-20151031_cal.xml ascc-20151031_def.xml ascc-20151031_lab.xml ascc-20151031_pre.xml true true ZIP 66 0001161697-16-000657-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001161697-16-000657-xbrl.zip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�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end