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EXCEL - IDEA: XBRL DOCUMENT - Avante Systems, Inc.Financial_Report.xls
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EX-31 - EX31_1 - Avante Systems, Inc.ex31_1.htm
v2.4.0.8
RELATED PARTY TRANSACTIONS
12 Months Ended
Oct. 31, 2013
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

During the year ended October 31, 2011, an officer and shareholder loaned the Company $1,500 to help fund operations. The officer loaned an additional $42,147 and $15,400 during the years ended October 31, 2013 and 2012, respectively. During the year ended October 31, 2013, the officer forgave the entire balance due and the amount has been recorded as contributed capital. The balance due to the officer was $0 and $16,900 as of October 31, 2013 and 2012, respectively. The loans were non-interest bearing, unsecured and due upon demand.

 

Cash totaling $44,088 is being held in trust by Evolv3D Printers Corp., a company owned by the sole officer of Avante Systems, Inc. as of October 31, 2013. The ownership of Evolv3D Printers Corp. was transferred in full to Avante Systems, Inc. on January 28, 2014 becoming a wholly-owned subsidiary. All funds withdrawn from that account were used for Avante expenses through October 31, 2013.