INTANGIBLE ASSETS	3 Months Ended
Sep. 30, 2018
Notes to Financial Statements
5. INTANGIBLE ASSETS	On October 12, 2007, the Company exchanged 20,000,000 shares of its common stock for 100% of the shares in the common stock of Gain First Group Corporation (“Gain First”) a corporation formed under the laws of the British Virgin Islands. Gain First had no assets or liabilities other than an agreement to be the exclusive marketing and sales agent in China for De Lassalle Ltd. The transaction was recorded as an asset purchase as it did not include the purchase of inputs and a substantive process. The fair value of the transaction of $10,000 was based on the asset acquired, namely the agency agreement, as its value was more clearly evident than the consideration given. On December 12, 2017, the Company issued 75,000,000 shares of its common stock to De Lassalle Ltd. as consideration for Gain First to acquire an agency agreement for exclusive rights to distribute De Lassalle’s wine products in the South East Asia region. The exclusive agreement was also valued at $10,000. No amortization has been recorded on these assets as yet. Although the Company has revenue from wine in China, these sales were not from the De Lassalle winery and do not affect the value of these assets. The Company has not yet determined their useful life.

INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2018

On October 12, 2007, the Company exchanged 20,000,000 shares of its common stock for 100% of the shares in the common stock of Gain First Group Corporation (“Gain First”) a corporation formed under the laws of the British Virgin Islands. Gain First had no assets or liabilities other than an agreement to be the exclusive marketing and sales agent in China for De Lassalle Ltd. The transaction was recorded as an asset purchase as it did not include the purchase of inputs and a substantive process. The fair value of the transaction of $10,000 was based on the asset acquired, namely the agency agreement, as its value was more clearly evident than the consideration given.

On December 12, 2017, the Company issued 75,000,000 shares of its common stock to De Lassalle Ltd. as consideration for Gain First to acquire an agency agreement for exclusive rights to distribute De Lassalle’s wine products in the South East Asia region. The exclusive agreement was also valued at $10,000.

No amortization has been recorded on these assets as yet. Although the Company has revenue from wine in China, these sales were not from the De Lassalle winery and do not affect the value of these assets. The Company has not yet determined their useful life.