BASIS OF PRESENTATION	6 Months Ended
Dec. 31, 2018
Notes to Financial Statements
3. BASIS OF PRESENTATION	The Company’s condensed consolidated interim financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These consolidated financial statements include the financial statements of its wholly owned subsidiaries, Gain First Group Corporation, Banny Cosmic (HK) Ltd., and Shenzhen Qianhai Volcanic Lava Cross-border Trading Co. Ltd. All inter-company balances and transactions have been eliminated. While the information presented in the accompanying interim six-month financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. These interim financial statements follow the same accounting policies and methods of their application as the Company’s June 30, 2018 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company’s June 30, 2018 annual financial statements. Operating results for the six months ended December 31, 2018 are not necessarily indicative of the results that can be expected for the year ended June 30, 2019. There have been no changes in accounting policies from those disclosed in the notes to the audited financial statement for the year ended June 30, 2018.

BASIS OF PRESENTATION

6 Months Ended

Dec. 31, 2018

The Company’s condensed consolidated interim financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These consolidated financial statements include the financial statements of its wholly owned subsidiaries, Gain First Group Corporation, Banny Cosmic (HK) Ltd., and Shenzhen Qianhai Volcanic Lava Cross-border Trading Co. Ltd. All inter-company balances and transactions have been eliminated.

While the information presented in the accompanying interim six-month financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. These interim financial statements follow the same accounting policies and methods of their application as the Company’s June 30, 2018 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company’s June 30, 2018 annual financial statements. Operating results for the six months ended December 31, 2018 are not necessarily indicative of the results that can be expected for the year ended June 30, 2019.

There have been no changes in accounting policies from those disclosed in the notes to the audited financial statement for the year ended June 30, 2018.