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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Capital Structure

In accordance with ASC 505, “Equity,” the Company’s capital structure is as follows:


December 31, 2018

 

Authorized

Issued

Outstanding

 

Common Stock

4,000,000,000

9,732,234

9,732,234

$.0001 par value, one vote per share

Preferred stock

200,000,000

-

-

Preferred stock – Class A

750,000

-

-

$.0001 par value; no voting rights

Preferred stock – Class B

1,000,000

-

-

Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually

Preferred stock – Class C

9,000,000

-

-

$.0001 par value; 500 votes per share, convertible to common

 


 
 
 
    

June 30, 2018

 

Authorized

Issued

Outstanding

 

Common Stock

4,000,000,000

9,655,813

9,655,813

$.0001 par value, one vote per share

Preferred stock

200,000,000

-

-

Preferred stock – Class A

750,000

-

-

$.0001 par value; no voting rights

Preferred stock – Class B

1,000,000

-

-

Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually

Preferred stock – Class C

9,000,000

-

-

$.0001 par value; 500 votes per share, convertible to common

 

 

Schedule of Useful lives of Property and Equipment

Property and equipment at December 31, 2018 and June 30, 2018, and the estimated useful lives used in computing depreciation, are as follows:

 

Building

40 years

Building improvements

8 years

Vehicles

5 years

Equipment

5 – 8 years

Furniture and fixtures

5 years