Discontinued Operations

9 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Note 5 – Discontinued Operations

On December 1, 2017, as a result of the change of control of the Company, the Company transferred to its primary shareholder all of its assets and liabilities which include real estate properties for generating rental income.

The sales of net liabilities qualified as a discontinued operation of the Company and accordingly, the Company has excluded results of the operations from its Condensed Statements of Operations to present the revenue and cost of revenue from the real estate activity in discontinued operations.

The following table shows the results of operations of the rental property operations for nine months and three months ended March 31, 2018 and 2017 which are included in the net income from discontinued operations:

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2018		2017		2018			2017
Revenue	$	-	$	17,260	$	38,855		$	51,780
Cost of Revenue		-		500		1,000			1,500
GROSS PROFIT		-		16,760		37,855			50,280
OTHER INCOME (EXPENSE)
Other Income		-		2,969		583			12,158
Bad debt expense		-		-		(3,144	)		-
		-		2,969		(2,561	)		12,158
Net Income before Income Tax Provision		-		19,729		35,294			62,438
Income Tax Provision		-		-		-			-
NET INCOME FROM DISCONTINUED OPERATIONS	$	-	$	19,729	$	35,294		$	62,438