5. Equity Method Investments and Joint Ventures Disclosure

3 Months Ended

Sep. 30, 2015

Notes

5. Equity Method Investments and Joint Ventures Disclosure

5              EQUITY-METHOD INVESTMENT IN JOINT VENTURE

The Company account for its investment in API (see Note 2), under the equity method of accounting.

Summarized financial information for our investment in API assuming a 100% ownership interest is as follows:

		For the Quarter		For the Year
		Ended		Ended
		September 30, 2015		June 30, 2015
Current assets	$	9,929	$	11,767
Noncurrent assets		717,617		758,649
Current liabilities	$	649,481	$	640,416
Noncurrent liabilities		-		-
Equity	$	78,065	$	130,000
Revenue		-		-
General and administrative expenses	$	47,630	$	(183,044)
Net loss	$	(47,630)	$	(183,044)