LOANS PAYABLE	12 Months Ended
May 31, 2021
Debt Disclosure [Abstract]
LOANS PAYABLE	NOTE 5 – LOANS PAYABLE On July 24, 2013 the Company obtained a term loan for an amount of CAD $18,800 repayable in 59 monthly installments of CAD $367.63 including interest and principal and bears interest at 6.5% per annum (prime plus 3.5% per annum). As of May 31, 2021 and 2020, there is a balance due on this loan of $0 and $10,776, respectively. As of May 31, 2021 and 2020, the Company owes $0 and $39,991, respectively, to a third party for a loan that was received during the quarter ended February 28, 2015. As of May 31, 2021 and 2020, the Company owes $0 and $20,501, respectively, to a third party for a loan that was received during the quarter ended February 28, 2015. During the year ended May 31, 2021, all of the above loans have been written off as time barred debt per the applicable statute of limitations and are included in other income – gain on extinguishment of debt.

LOANS PAYABLE

12 Months Ended

May 31, 2021

NOTE 5 – LOANS PAYABLE

On July 24, 2013 the Company obtained a term loan for an amount of CAD $18,800 repayable in 59 monthly installments of CAD $367.63 including interest and principal and bears interest at 6.5% per annum (prime plus 3.5% per annum). As of May 31, 2021 and 2020, there is a balance due on this loan of $0 and $10,776, respectively.

As of May 31, 2021 and 2020, the Company owes $0 and $39,991, respectively, to a third party for a loan that was received during the quarter ended February 28, 2015.

As of May 31, 2021 and 2020, the Company owes $0 and $20,501, respectively, to a third party for a loan that was received during the quarter ended February 28, 2015.

During the year ended May 31, 2021, all of the above loans have been written off as time barred debt per the applicable statute of limitations and are included in other income – gain on extinguishment of debt.

Perk International Inc. 10-K