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SHORT TERM LOAN
12 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Short-Term Debt [Text Block]

NOTE 5 SHORT TERM LOAN

 

As of June 31, 2023 and 2022, short term loan amounted to $705,216 and $183,932 from unrelated third parties, respectively. On September 15, 2022, the Company paid interest of $3,178 on two short term loans of $50,000 due on July 10, 2022 and $10,000 due on August 1, 2022. The Company then re-entered an agreement of a new short-term loan of $60,000. The loan has an annual interest rate of 18% and the principal and interest are due on February 28, 2023. On January 13, 2023, the Company paid interest of $4,175 on an early-withdrew long-term loan of $100,000. On January 24, 2023, the Company paid interest of $3,178 on a short-term loan of $60,000. On March 2, 2023, the Company paid a first monthly installment of $667 interest on a 7-month short-term loan of $80,000. On September 15, 2022, the Company paid interest of $3,616 on two short term loans, each with $50,000 due on July 26, 2022, and August 1, 2022, and paid $20,000 of principal in January 2023. The Company then re-entered an agreement of a new short-term, interest free loan of $80,000. The principal is due on February 28, 2023. The Company will issue 1,600,000 shares of the Company stocks to the party as a reward. These shares were issued on April 18, 2023. The third loan amount is $2,871 which has an 8-month short term. The latest loan occurred on November 2, 2022, the Company entered an agreement of short-term loan of $25,000. The Company will repay $37,475, with a fixed repayment of $329 every business day from November 10, 2022.