XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (151,185) $ (99,126)
Adjustments to reconcile net loss to net cash    
Depreciation and amortization 404 0
Common stock issued for out of court settlement 0 6,714
Foreign currency exchange transactions 59,778 (6,709)
Amortization of right to use asset (11,299) (3,532)
Changes in operating assets and liabilities    
Trade accounts receivable (2,784) 14,418
Prepaid expenses and other current assets (4,459) (11,781)
Tax refunds receivable 5,588 1,002
Accounts payable and accrued expenses 6,418 4,386
Related party advances 5,400 5,527
Related party accounts payable 8,673 6,693
Operating lease liability 11,639 3,532
Net Cash Used in Operating Activities (71,827) (78,876)
Net Cash Provided by (Used in) Investing Activities    
Proceeds from related party note payable 65,192 66,342
Net Cash Provided by Financing Activities 65,192 66,342
EFFECTS OF EXCHANGE RATES ON CASH 194 476
NET CHANGES IN CASH (6,441) (12,058)
CASH AT BEGINNING OF PERIOD 15,282 27,453
CASH AT END OF PERIOD 8,841 15,395
NON - CASH INVESTING AND FINANCING ACTIVITIES    
Right of use operating lease assets obtained in exchange for lease liabilities 0 6,504
Common Stock issued in settlement of liability $ 0 $ 44,762