Disposal of Net Liabilities

9 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Note 4 - Disposal of Net Liabilities

On December 1, 2017, as a result of the change of control of the Company, the Company transferred all of its assets and liabilities to its primary shareholder summarized as follows:

Net Liabilities Disposition
Deferred rent asset	$	7,293
Due from shareholders		39,657
Building, net		53,000
Land		15,000
Bank indebtedness		(942	)
Accrued expenses		(19,340	)
Accrued Interest		(11,346	)
Lease deposits from customers		(4,500	)
Note payable		(85,000	)
Note payable - related party		(10,000	)
	$	(16,178	)