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Commitments and Contingencies
6 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 4 - COMMITMENTS AND CONTINGENCIES

 

Lease Agreement

 

The Company's main office is located in Las Vegas, Nevada. Rent expense under all leases for the six months ended December 31, 2019 and 2018 was $2,303 and $7,277 respectively. The Company maintains only one office. This office is located in Las Vegas, NV and is a month-to-month lease.

 

Related Party Transactions

 

The Company's Chief Executive Officer has made cash advances to the Company with an aggregate amount due of $9,819 and $3,759 at December 31, 2019 and June 30, 2019, respectively. These advances bear interest at the rate of five percent (5%) per annum.

 

The Company has accrued the amounts of $790,015 and $790,015 at December 31, 2019 and June 30, 2019, respectively, as deferred officer's salary, for the difference between the Chief Executive Officer's annual salary and the amounts paid.

 

On September 11, 2017, we received a license to certain patents from Chaya Hendrick, our founder and CEO, related to our technologies until the expiration of the patents. As consideration, we issued Chaya Hendrick, or her assigns, (i) 200,000 shares of Series B Convertible Preferred Stock, (ii) a royalty equal to 5% of gross revenues derived from products sold related to the patents, and (iii) certain minimum required payments beginning at $50,000 and doubling each year thereafter. The Series B Preferred Shares may be converted at the election of holder on a basis for 50 common shares for each preferred share at any time or an aggregate of 10,000,000 common shares in exchange for all 200,000 preferred shares.