Related Party Transactions

12 Months Ended

Jun. 30, 2016

Related Party Transactions [Abstract]

Related Party Transactions

7. RELATED PARTY TRANSACTIONS

On December 1, 2015, the Company approved the issuance of 100,000 shares of restricted common stock at $0.08 per share to an officer of the Company. For the year ended June 30, 2016, the Company amortized $4,667 to the operations using the straight-line method. As of June 30, 2016, these shares have not been issued and recorded as part of the stock payable.

For the years ended June 30, 2016 and 2015, the Company paid $17,650 and $15,000, respectively to a company controlled by an officer of the Company for accounting services.

The related party transactions are generally transacted in an arm-length basis at the current market value in the normal course of business.