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Stock Payable
9 Months Ended
Mar. 31, 2016
Stock Payable  
Stock Payable

NOTE 7 – STOCK PAYABLE

 

On December 1, 2015, the Board of Directors of the Company approved to issue 200,000 shares of restricted common stock at $0.08 per share for the rendering of consulting services of $16,000 in a service period of twelve months commencing from December 2015. For the nine months ended March 31, 2016, the Company amortized $5,333 to the operations using the straight-line method. As of March 31, 2016, the shares have not been issued and $16,000 for this obligation was recorded as stock payable.