NOTE 4 - RELATED PARTY TRANSACTIONS

9 Months Ended

Mar. 31, 2023

Notes

NOTE 4 - RELATED PARTY TRANSACTIONS

NOTE 4 – DEBT

Notes Payable Related Parties

As of March 31, 2023, the Company had outstanding the following loans payable due to a Company Director:

Date	Loan amount in EURO	Loan amount converted into USD	Interest rate	Interest  in USD	Due
March 06, 2015	100,000	108,628	5%	42,880	June 30, 2022
December 12, 2017	25,000	27,157	2%	2,879	on demand
January 19, 2018	25,000	27,157	2%	2,823	on demand
March 13, 2018	25,000	27,157	2%	2,744	on demand
July 16, 2018	25,000	27,157	2%	2,558	on demand
September 10, 2018	25,000	27,157	2%	2,475	on demand
October 04, 2018	25,000	27,157	2%	2,439	on demand
December 27, 2018	25,000	27,157	2%	2,314	on demand
January 21, 2019	15,000	16,294	2%	1,366	on demand
February 26, 2019	25,000	27,157	2%	2,223	on demand
March 20, 2019	25,000	27,157	2%	2,190	on demand
April 08, 2019	20,000	21,726	2%	1,730	on demand
May 09, 2019	30,000	32,589	2%	2,539	on demand
June 21, 2019	30,000	32,589	2%	2,462	on demand
September 17, 2019	20,000	21,726	2%	1,537	on demand
October 04, 2019	20,000	21,726	2%	1,517	on demand
October 30, 2019	20,000	21,726	2%	1,486	on demand
January 08, 2020	10,000	10,863	2%	701	on demand
February 20, 2020	10,000	10,863	2%	676	on demand
March 06, 2020	15,000	16,294	2%	1,000	on demand
April 01, 2020	10,000	10,863	2%	651	on demand
May 05, 2020	15,000	16,294	2%	946	on demand
June 10, 2020	10,000	10,863	2%	610	on demand
July 27, 2020	10,000	10,863	2%	582	on demand
September 07, 2020	10,000	10,863	2%	557	on demand
September 21, 2020	10,000	10,863	2%	548	on demand
October 09, 2020	15,000	16,294	2%	806	on demand
December 03, 2020	10,000	10,863	2%	505	on demand
January 05, 2021	10,000	10,863	2%	485	on demand
February 11, 2021	10,000	10,863	2%	463	on demand
March 17, 2021	10,000	10,863	2%	443	on demand
July 29, 2021	10,000	10,863	2%	363	on demand
October 04, 2021	20,000	21,726	2%	646	on demand
December 01, 2021	10,000	10,863	2%	288	on demand
Total	675,000	733,241		88,432

On July 29, 2021, October 04, 2021, and December 01, 2021, a Company Director advanced amounts totaling 40,000 Euros ($43,451 as of March 31, 2023) to the Company. The loans are due on demand, accrue interest annually at 2% and are unsecured.    

As of March 31, 2023, all notes issued have total interest accrued of $88,432.

Interest expense for the nine-month period ended March 31, 2023, and 2022 was $12,789 and $13,980, respectively.

On October 04, 2022, Company Director advanced 13,000 Euros ($12,720) to the Company. The loan was due on demand, accrue interest annually at 2% and was unsecured and repaid in December 2022. As of March 31, 2023,

interest of 31Euros ($31) has been accrued.    

Notes payable

On March 25, 2022, the Company entered into a note for 60,000 Euros ($65,177) and accrues interest annually at 6.0%.  Interest and principal will be repaid in 60 equal monthly installments of 1,160 Euros starting at the end of April 2022. The last installment is due on March 31, 2027. The loan is secured by the assignment of future receivables from the license agreement relating to the wound spray. The remaining debt as of March 31, 2023, is 49,392 Euros ($53,654). Interest expense for the nine-month period ended March 31, 2023 was $2,503.

On July 01, 2021, the Company received a loan of 1,733 Euros ($1,883) from a third party. The interest rate is 1.0% p.a. The capital and accrued interest are to be repaid on June 30, 2023. The loan is unsecured.

As of March 31, 2023, interest of 26 Euros ($28) has been accrued. Interest expense for the nine-month period ended March 31, 2023, and 2022 was $9 and $0, respectively.