NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation (Policies)

9 Months Ended

Mar. 31, 2021

Policies

Foreign Currency Translation

Foreign Currency Translation

Assets and liabilities of the Company's foreign operations are translated into U.S. dollars at period-end exchange rates. Net exchange gains or losses resulting from such translation are excluded from net loss but are included in comprehensive loss and accumulated in a separate component of stockholders' equity (deficit). Income and expenses are translated at average exchange rates for the period.

Exchanges rates used for the preparation of the consolidated balance sheet as of March 31, 2021 and June 30, 2020 and our unaudited consolidated statements of operations for the three- month periods ended March 31, 2021 and 2020, were calculated as follows:

as of March 31, 2021	0.851250
as of March 31, 2020	0.911235
July 1, 2020 through March 31, 2021	0.841351
July 1, 2019 through March 31, 2020	0.902936

The Company accounts for the transactions denominated in foreign currencies in the Parent Company’s books as transaction gains (losses) recognized in Other Income.