XML 14 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (306,722) $ (98,927)
Non-cash items:    
Stock based compensation $ 301,333 32,333
Changes in operating assets and liabilities    
Accounts receivable $ (1,000,000)
Amount due to a director $ 9,375
Amount due to a former director $ 62,446
Other payables and accrued expenses $ (16,999) 15,773
Net cash used in operating activities $ (13,013) (988,375)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in Jiangxi Everenergy New Material Co, Ltd. 1,000,000
Net cash provided by investing activities 1,000,000
Effect of exchange rate changes on cash and cash equivalents $ (4) (17,501)
NET CHANGE IN CASH AND CASH EQUIVALENTS (13,017) (5,876)
Cash and cash equivalents, beginning of period 14,403 7,439
Cash and cash equivalents, end of period $ 1,386 $ 1,563
SUPPLEMENTAL CASH FLOWS INFORMATION    
Income taxes paid
Interest paid
NON-CASH INVESTING & FINANCING ACTIVITIES:    
Common stock issued for investments $ 7,950,000