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Notes Payable
12 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
NOTE PAYABLE
NOTE 5 NOTES PAYABLE

 

Through June 30, 2013, the Company borrowed an aggregate of $280,000 pursuant to non-convertible promissory notes, bearing interest at 10% per annum. During the year ended June 30, 2014, the Company borrowed an additional $180,000 pursuant to non-convertible promissory notes with similar terms. In addition, the Company repaid $185,000 of the previously issued notes. Interest is payable monthly and the principal, together with any unpaid interest, is due 48 months from the dates of the notes.

 

The notes are due as follows:

 

Year Ended June 30, 2017 $205,000 
Year Ended June 30, 2018  70,000 
 $275,000