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NOTE PAYABLE
12 Months Ended
Jun. 30, 2019
Short-term Debt [Abstract]  
NOTE PAYABLE

NOTE 8 – NOTE PAYABLE

 

In August 2015, Smack entered into an unsecured promissory note agreement with an individual. The agreement allowed Smack to borrow up to $66,613 at an interest rate of 10 percent per year. This $66,613 note was assumed by the Company during the recapitalization. During the year ended June 30, 2018, the Company settled the principal amount of $66,613 and interest payable of $17,209 for a total of $83,822 through issuance of 83,822 common shares. For the year ended June 30, 2019, and 2018, interest expense of $0, and $5,037 were recorded, respectively.