XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Due to Shareholder
9 Months Ended
Oct. 31, 2016
Related Party Transactions [Abstract]  
Due to Shareholder
DUE TO SHAREHOLDER

In April 2012, the Company executed the Credit Facility with its majority shareholder providing for the repayment of all costs in excess of $17,500 paid by the majority shareholder on behalf of the Company. The Credit Facility provides up to principal amount of $450,000, as amended on June 3, 2015, of financing to the Company for working capital purposes. Amounts outstanding under the credit facility accrue interest at an annual rate of 11% and mature in December 2018, as amended on June 3, 2015. Principal and interest outstanding under the credit facility totaled $465,500 and $399,406, including accrued interest of $116,303 and $90,209, as of October 31, 2016 and January 31, 2016, respectively.