Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Taxes Tables

Summary of operating loss carryforwards

Year	Amount
2018		236,000
2019		548,000
2020		351,000
2021		29,000
Total	$	1,164,000

Summary of reconciliation of income tax expense rate

	2016			2015
United States Statutory Income tax Rate		35	%		35	%
Decrease in rate on income subject to Danish income tax rates		12	%		12	%
Decrease in rate resulting from Non-Deductible expenses		-			-
Income Tax Expense		23	%		23	%

Summary of components of income tax expense

Current Tax Expense	2016		2015
Danish Income Tax Expense (Benefit)	$	4,591	$	(5,169	)
Federal US Income Tax Expense (Benefit)
Current		-		-
Deferred		-		-
Total Income Tax Expense	$	4,591	$	(5,169	)