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EXCEL - IDEA: XBRL DOCUMENT - iTalk Inc.Financial_Report.xls
10-K - iTalk Inc.g6419.txt
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EX-32.1 - iTalk Inc.ex32-1.txt
EX-31.2 - iTalk Inc.ex31-2.txt
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EX-31.1 - iTalk Inc.ex31-1.txt
v2.4.0.6
Note 5 - Related Party Transactions
12 Months Ended
Aug. 31, 2012
Notes  
Note 5 - Related Party Transactions

NOTE 5 - RELATED PARTY TRANSACTIONS

 

The Company neither owns nor leases any real or personal property.  Beginning January 1, 2007 the Company has paid a director $100 per month for use of office space and services.  The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities as they become available.  Thus he may face a conflict in selecting between the Company and his other business interests.  The Company has not formulated a policy for the resolution of such conflicts.

 

As of August 31, 2012, there is a loan payable due to Ezra E. Ezra, sole officer and director of the Company, for $46,965, which is non-interest bearing with no specific repayment terms.