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Due to Related Party
9 Months Ended
Mar. 31, 2017
Due to Related Party [Abstract]  
DUE TO RELATED PARTY

NOTE 6—DUE TO RELATED PARTY

 

Parties, which can be a corporation or individual, are considered to be related if we have the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

The Company received advances from the following related parties, under common control, to supplement the Company’s working capital.

 

  March 31,  June 30, 
  2017  2016 
Shenzhen Engage Mobile Technology Co., Ltd.  (“Engage Technology”) $-  $470,000 
Shenzhen Datang Engage Telecom Co., Ltd. (“Engage Telecom”)  -   188,759 
Hua Zhang  696,483   - 
  $696,483  $658,759 

 

Shenzhen Engage Mobile Technology Co., Limited became a related party after Engage International Technology Co., Ltd. purchased 75.61% of the Company’s Common Stock from two stockholders of the Company on April 9, 2015. The advance is unsecured, payable on demand and non-interest bearing. During the year ended June 30, 2016, the Company received $96,663 in advances from Engage Telecom. As of June 30, 2016, the balance of the advances from related parties was $658,759. During the nine month period ended March 31, 2017, the Company received an additional $37,724 in advances from Mr. Hua Zhang, As of March 31, 2017, the balance of the advances was $696,483. On February 23, 2017, the prior year payable balances of $658,759 in total to Engage Technology and Engage Telecom had been fully assumed by the Company’s sole officer and director, Mr. Hua Zhang.