Note Receivable	9 Months Ended
Sep. 30, 2015
Note Receivable
Note Receivable	NOTE 4 – NOTE RECEIVABLE As at September 30, 2015, the Company is owed $45,642 (December 31, 2014 - $nil) in a promissory note receivable from a non-related party, which was transferred from Arrowvista, a company under common control. Please refer to Note 1. Under the terms of the note, the amount is unsecured, bears interest at 8% per annum, and is due on demand. As at September 30, 2015, the Company recorded a reserve of $45,642 (December 31, 2014 - $nil) on the estimated uncollectible note receivable and the accrued interest receivable of $16,656 (December 31, 2014 - $nil) had been written off as a reduction of additional paid-in capital.

Note Receivable

9 Months Ended

Sep. 30, 2015

NOTE 4 – NOTE RECEIVABLE

As at September 30, 2015, the Company is owed $45,642 (December 31, 2014 - $nil) in a promissory note receivable from a non-related party, which was transferred from Arrowvista, a company under common control. Please refer to Note 1. Under the terms of the note, the amount is unsecured, bears interest at 8% per annum, and is due on demand. As at September 30, 2015, the Company recorded a reserve of $45,642 (December 31, 2014 - $nil) on the estimated uncollectible note receivable and the accrued interest receivable of $16,656 (December 31, 2014 - $nil) had been written off as a reduction of additional paid-in capital.

Xalles Holdings Inc. 10-Q/A