XML 24 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
DUE TO FORMER SHAREHOLDER AND OFFICER
6 Months Ended
Dec. 31, 2015
Amounts Due to Former Officer [Abstract]  
DUE TO FORMER SHAREHOLDER AND OFFICER
NOTE 6 – DUE TO FORMER SHAREHOLDER AND OFFICER
 
As mentioned in Note 5, 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. As at December 31, 2015 and June 30, 2015, the Company owed $0 and $132,900 to this former CEO, respectively.
 
During the period ended December 31, 2015, an officer of the Company provided administrative service of $12,000 to the Company. During the period ended December 31, 2015, the Company settled $100,000 unpaid compensation with its officer by issuance of 2,500,000 common shares. As at December 31, 2015 and June 30, 2015, the Company owed $0 and $88,000 unpaid compensation to this officer, respectively.
 
During the period ended December 31, 2015, the Company settled $25,000 unpaid compensation with its former officer by issuance of 625,000 common shares. As at December 31, 2015 and June 30, 2015, the Company owed $0 and $25,000 unpaid compensation to this officer, respectively.