DISCONTINUED OPERATIONS

6 Months Ended

Dec. 31, 2015

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

NOTE 5 – DISCONTINUED OPERATIONS

The Company’s primary business activities were the manufacturer and sale of performance and lifestyle based indoor and sand volleyball apparel and accessories. As of July 1, 2015, the Company has ceased operations. On July 27, 2015, the Company entered into an Asset Purchase agreement with the former CEO to sell to him the remaining assets of the Company that related to this business line. The purchase price of the assets sold was $132,900, which was paid by the cancellation of indebtedness owed by the Company to the former CEO. The Company and the former CEO also executed and delivered mutual release agreements that released each party from any and all claims, liabilities and indebtedness owed to the other. As of that date, the former CEO also resigned as a director of the Company.

The Company has reclassified its previously issued financial statements to segregate the discontinued operations as of the earliest period reported, and has reflected a gain on discontinued operations of $132,900 as at December 31, 2015 relating to the extinguishment of amounts due the former officer.

Revenue and expenses related to the discontinued operations were as follows:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2014				2014
Sales		$	298,187			$	352,221
Cost of Goods Sold			190,869				218,232
Gross Profit			107,318				133,989
Selling, general and administrative costs			263,481				381,557
Loss from operations		$	(156,163	)		$	(247,568	)