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Going Concern
6 Months Ended
Dec. 31, 2016
Notes  
Going Concern

Going Concern

The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying condensed consolidated financial statements, the Company has incurred recurring net losses. For the six months ended December 31, 2016, the Company recorded a net loss of $918,666, used cash to fund operating activities of $10,612, and at December 31, 2016, had a shareholders’ deficit of $705,777. These factors create substantial doubt about the Company's ability to continue as a going concern.  The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. 

During the six months ended December 31, 2016, the Company’s majority shareholder sold his shares to an investor group. The new owners’ plans to continue as a going concern revolve around its ability to achieve profitable operations, as well as raise necessary capital to pay ongoing general and administrative expenses of the Company.  The ability of the Company to continue as a going concern is dependent on securing additional sources of capital and the success of the Company's plan.  There is no assurance that the Company will be successful in raising the additional capital or in achieving profitable operations.

Our cash needs for the six months ended December 31, 2016 were primarily met by short-term loans payable of $59,250, plus a note payable of $500,000 from a company owned by our majority shareholder during the year ended June 30, 2016.  As of December 31, 2016, we had a cash balance of $4,057.  Our new majority shareholders will need to provide all of our working capital until at least June 30, 2017.