EARNINGS/(LOSS) PER SHARE

12 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

EARNINGS/(LOSS) PER SHARE

NOTE 11 - EARNINGS/(LOSS) PER SHARE

The Company has adopted ASC Topic No. 260, “Earnings Per Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures, and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year.

The following table sets forth the computation of basic and diluted earnings per share:

	Year Ended June 30,
	2019		2018
Net profit (loss) applicable to common shares	$	94,262	$	(305,829	)
Weighted average common shares outstanding (Basic)		115,038,909		102,389,594
Options		-		-
Warrants		-		-
Weighted average common shares outstanding (Diluted)		115,038,909		102,389,594
Net profit (loss) per share (Basic and Diluted)	$	0.0008	$	(0.003	)

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.