December 31,

2015

June 30,

2015

Notes payable to shareholder, interest rate of 10%, unsecured and payable on July 31, 2004 (past due)

$

5,000

$

5,000

Notes payable to shareholder, interest rate of 8%, unsecured and payable on December 31, 2012 (past due)

3,500

$

8,500

$

8,500