XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Due to Shareholder
6 Months Ended
Jul. 31, 2017
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 the principal amount up to $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 $494,629 and $475,317, including accrued interest of $145,432 and $126,120, as of July 31, 2017 and January 31, 2017, respectively.