9 Loan Payable - Related Parties

3 Months Ended

Sep. 30, 2015

Notes

9 Loan Payable - Related Parties

9              LOAN PAYABLE – RELATED PARTIES

Loan payable – related parties consists of loans from shareholders, officers, and other related parties, bearing interest at an average rate of 10.0% per annum as of September 30, 2015 and June 30, 2015. Loans will mature as follows:

	September 30,		June 30,
	2015		2015
Within one year		$      13,638		$        5,793
1 – 2 years		-		8,158
2 – 3 years		1,355,549		-
Total		1,369,187		13,951
Less current portion		(13,638)		(5,793)
		$  1,355,549		$         8,158