EX-31

	

		Advanced Oxygen Technologies Inc. Officers Certifications pursuant to SOX 302
	

	
		

EX-32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Advanced Oxygen Technologies, Inc. (the “Company”) on Form 10-Q for the 3 month period ended December 31, 2017 filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert Wolfe, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ Robert Wolfe

Robert Wolfe

Chief Executive Officer

Date: February 5, 2018

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Advanced Oxygen Technologies, Inc. (the “Company”) on Form 10-Q for the period ended December 31, 2017 filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert Wolfe, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ Robert Wolfe

Robert Wolfe

Chief Financial Officer

Date: February 5, 2018

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Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2017	Feb. 05, 2018
Document And Entity Information
Entity Registrant Name	ADVANCED OXYGEN TECHNOLOGIES INC
Entity Central Index Key	0000352991
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,292,945

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Jun. 30, 2017
CURRENT ASSETS
Cash	$ 50,443	$ 50,331
Property Tax Receivable	1,285	1,221
Total Current Assets	51,728	51,552
FIXED ASSETS
Land and buildings	651,816	619,592
TOTAL ASSETS	703,544	671,144
CURRENT LIABILITIES
Accounts Payable	1,775	1,405
Taxes payable	35,665	30,389
Note Payable, Current Portion	149,248	153,638
Advances From a Related Party	104,943	96,725
Total current liabilities	291,631	282,157
Notes Payable	94,975	98,760
Total Long Term Liabilities	94,975	98,760
Total Liabilities	386,606	380,917
STOCKHOLDERS' EQUITY-
Common stock, par value $0.01; At December 31, 2017 and June 30, 2017, authorized 60,000,000 shares; issued and outstanding 2,292,945 shares.	22,929	22,929
Additional paid-in capital	20,953,991	20,953,991
Other Comprehensive Income	79,436	53,065
Accumulated deficit	(20,739,468)	(20,739,808)
TOTAL STOCKHOLDERS EQUITY	316,938	290,227
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	703,544	671,144
Convertible Preferred Stock, Series 2
STOCKHOLDERS' EQUITY-
Convertible preferred stock	50	50
Convertible Preferred Stock, Series 3
STOCKHOLDERS' EQUITY-
Convertible preferred stock
Convertible Preferred Stock, Series 5
STOCKHOLDERS' EQUITY-
Convertible preferred stock

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Jun. 30, 2017
STOCKHOLDERS' EQUITY-
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	60,000,000	60,000,000
Common Stock, shares issued	2,292,945	2,292,945
Common Stock, shares outstanding	2,292,945	2,292,945
Convertible Preferred Stock, Series 2
STOCKHOLDERS' EQUITY-
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	5,000	5,000
Preferred Stock, shares outstanding	5,000	5,000
Convertible Preferred Stock, Series 3
STOCKHOLDERS' EQUITY-
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	1,670,000	1,670,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Convertible Preferred Stock, Series 5
STOCKHOLDERS' EQUITY-
Preferred Stock, shares authorized	1	1
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0

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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenues
Real Estate Rentals	$ 9,930	$ 8,837	$ 19,634	$ 17,986
Total Revenues	9,930	8,837	19,634	17,986
Costs and Expenses
General & Administrative	701	1,390	1,935	3,627
Professional expenses	2,000	8,023	9,500	12,023
Transfer Agent Expense	525		1,275
Total Operating Expenses	3,226	9,413	12,710	15,650
Income (Loss) from operations before other income (expenses)	6,704	(576)	6,924	2,336
Other income (expenses)
Interest Expense	(1,406)	(1,663)	(3,096)	(3,476)
Income before Income Taxes	5,298	(2,239)	3,828	(1,140)
Income Taxes Benefit (Expense)	1,836	3,239	3,488	3,239
NET INCOME	$ 3,462	$ (5,478)	$ 340	$ (4,379)
Weighted average number of common shares outstanding	2,292,945	2,292,945	2,292,945	2,292,945
Diluted average weighted number of common shares	2,302,945	2,292,945	2,302,945	2,292,945
Basic Net Income per Share	$ 0.0015	$ (0.0024)	$ 0.0001	$ (0.0019)
Dilutive Net Income per Share	$ 0.0015	$ (0.0024)	$ 0.0001	$ (0.0019)
Other Income(Loss)
Translation Adjustments	$ 9,105	$ (28,853)	$ 26,371	$ (11,639)
Total Comprehensive Income	$ 12,567	$ (34,331)	$ 26,711	$ (16,018)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income	$ 340	$ (4,379)
Adjustments to reconcile net income to net cash
Expenses paid for on behalf of the Company	11,655	14,648
Changes in operating assets and liabilities
Accounts payable	370	(1,304)
Taxes payable	3,620	4,798
Net cash provided by (used in) operating activities	15,985	13,763
Proceeds used for:
Long Term Debt	(18,431)	(12,413)
Net cash provided by financing activities	(18,431)	(12,413)
Change due to FX Translation	2,559	(2,062)
Net Decrease in Cash	112	(712)
Cash at beginning of the period	50,331	46,170
Cash at end of period	50,443	45,458
Non Cash Investing and Financing Activities
Cash paid for Interest	$ 3,096	$ 3,476

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ORGANIZATION AND LINE OF BUSINESS

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 1. ORGANIZATION AND LINE OF BUSINESS

Organization and Basis of Presentation:

The accompanying unaudited interim condensed consolidated financial statements of Advanced Oxygen Technologies, Inc. (“Group” or the “Company”) have been prepared by management in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all information and footnotes required by generally accepted accounting principles for annual audited financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included.

The results of operations for the six months ended December 31, 2017 are not necessarily indicative of the results to be expected for the year ending June 30, 2018. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes related thereto for the years ended June 30, 2017 and 2016 included in Form 10-K filed with the SEC.

Lines of Business:

The Company, through its wholly owned subsidiary Anton Nielsen Vojens ApS owns income producing commercial real estate leased until 2026. The real estate consists solely of the land with no buildings or improvements (“Land”). All improvements on the Land are those of the tenant.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revenue recognition of rental income:

Revenues are recognized during the period in which the rental payment is received. The Company applies the provisions of FASB Accounting Standards Codification ('ASC') 605-10. Revenue Recognition in Financial Statements ASC 605-10, which provides guidance on recognition, presentation, and disclosure of revenues in financial statements filed with the SEC.

The Company's source of revenue is from a commercial property lease in which quarterly payments are received pursuant to the property lease which is in effect until 2026.

Property Plant and Equipment:

Land and buildings are recognized at cost. Land is carried at cost less accumulated impairment losses.

Foreign currency translation:

Foreign currency transactions are translated applying the current rate method. Assets and liabilities are translated at current rates. Stockholders' equity accounts are translated at the appropriate historical rates and revenue and expenses are translated at weighted average rates for the year. Exchange rate differences that arise between the rate at the transaction date and the one in effect at the payment date, or at the balance sheet date, are recognized in the income statement.

Income Taxes:

The Company accounts for income taxes under the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required when it is less likely than not that the Company will be able to realize all or a portion of its deferred tax assets. Because it is doubtful that the net operating losses of recent years will ever be used, a valuation allowance has been recognized equal to the tax benefit of net operating losses generated.

Net Earnings per Share:

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of December 31, 2017, and December 31, 2016 there were 10,000 and 10,000 potential dilutive shares that need to be considered as common share equivalents. As of December 31, 2016, because of the net loss, the effect of these potential common shares is anti-dilutive for December 31, 2016.

Cash and Cash Equivalents:

For purposes of the statement of cash flows, the Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents.

The Company maintains its cash in bank deposit accounts which, at December 31, 2017 did not exceed federally insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on such amounts.

Estimates:

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.

Concentrations of Credit Risk:

Financial instruments that potentially subject the Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS.

Reclassification:

Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation.

Recently Issued Accounting Standards:

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. On July 9, 2015, the FASB agreed to delay the effective date by one year; accordingly, the new standard is effective for us beginning in the first quarter of 2018 and we expect to adopt it at that time. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method, nor have we determined the impact of the new standard on our consolidated financial statements.

Other recent accounting pronouncements issued by the FASB did not or are not believed by management to have a material impact on the Company's present or future financial statements.

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MAJOR CUSTOMER

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 3. MAJOR CUSTOMER

The Company's subsidiary, Anton Nielsen Vojens, ApS has sales to major customers who were non related parties. For the period ending December 31, 2017, and December 31, 2016 the major customer concentrations were as follows:

	Percent of Sales for the Period ending December 31,
Customer	2017			2016
Circle K Denmark A/S, Formerly Statoil A/S		100	%		100	%
Total Sales from Major Customers		100	%		100	%

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LAND AND BUILDINGS

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 4. LAND AND BUILDINGS

The Land owned by the Company's wholly owned subsidiary constitutes the largest asset of the Company. During the six month period ending December 31, 2017 the Company recorded an increase in the carrying value of the Land of $32,224 due to the currency translation difference. The carrying value of the Land of the Company was as follows:

	Carrying Value of Land at
	December 31, 2017		June 30, 2017
US Dollars	$	651,816	$	619,592

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RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 5. RELATED PARTY TRANSACTIONS

Advances payable to Crossfields, Inc., a company that the CEO, Robert Wolfe is an officer and director, which are not collateralized, non-interest bearing, and payable upon demand, however, the Company did not expect to make payment within one year. During the six month period ended December 31, 2017 and December 31, 2016 the Company had a balance of $104,943 and was advanced $11,655 and had a balance of $92,430 and was advanced $14,168 respectively, to meet expenses.

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NOTES PAYABLE

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 6. NOTES PAYABLE

The Company issued a promissory note ("Note") for $650,000, payable to the Borkwood Development Ltd, a previous shareholder of the Company ("Seller"), payable and amortized monthly and carrying an interest at 5% per year. The Company has the right to prepay the note at any time with a notice of 14 days. To secure the payment of principal and interest the Sellers will receive a perfect lien and security interest in the Shares in the company ANV until the note with accrued interest is paid in full., and, 2) In the case that the Note has not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock of Advanced Oxygen Technologies, Inc. in an amount of non diluted shares calculated on the conversion Date, equal to the lesser of : a) Six hundred and Fifty thousand (650,000) or the Purchase Price minus the principal payments made by the buyer, whichever is greater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares, whichever is lesser. The Note has been extended until July 1, 2018 and interest waived through the period ending July 1, 2018. The balance on the note as of December 31, 2017 and June 30, 2017 was $127,029.

The Company has a note payable with a bank. The original amount of the note was kr 800,000 Danish Krone (kr) ("Note A"). The note is secured by the revenues of the lease with Circle K Denmark A/S, formerly Statoil, with a 7.00% interest rate and 0.50 years left on the term. The balance on the note as of December 31, 2017 was $5,329. The Company made principal payments of $5,774 and interest payments of $431. The value of the note reflect the currency adjustments. The table below summarizes the company's commitments going forward.

The Company has a note payable with a bank ("Note B"). The original amount of Note B was kr 1,132,000 Danish Krone (kr). Note B is secured by the subsidiary's real estate, with a 2.00% interest rate and 6 years left on the term. The balance on the note as of December 31, 2017 was $111,865. During the period ended December 31, 2017, the Company paid $8,921 in principal payments and $2,757 in interest. The table below summarizes the company's commitments going forward.

The Company's commitments and contingencies are $153,154 for 2018 and $91,069 for the years 2019 through 2025 with a total of $244,223. The amounts stated reflect the Company's commitments in the currencies that those commitments were made and the amounts are an estimate of what the US dollar amount would be if the currency rates did not change going forward.

The Company has minimum yearly bank payments of $17,883 for the next half year, and $23,356 thereafter for another 5.25 years.

The amounts stated in this note reflect the Company's commitments in the currencies that those commitments were made and the amounts are an estimate of what the US dollar amount would be if the currency rates did not change going forward.

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SHAREHOLDERS' EQUITY

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 7. SHAREHOLDERS' EQUITY

Common Stock:

Pursuant to a Certificate of Amendment to our Certificate of Incorporation filed with the State of Delaware and effective as of December 8, 2014, the Company (effected a reverse stock split of all the outstanding shares of our common stock at an exchange ratio of one for twenty (1:20) and changed the number our authorized shares of common stock, par value $0.01 per share, from 90,000,000 to 60,000,000 while maintaining the number of authorized shares of preferred stock, par value $0.01 per share, at 10,000,000. As a result, the 45,853,585 shares of common stock outstanding at December 7, 2014 had been reduced to 2,292,945 shares of common stock (taking into account the rounding up of fractional share interests).

Preferred Stock:

The Company is authorized to issue 10,000,000 shares of $0.01 par value preferred stock. The Company may issue any class of preferred shares in series. The board of directors has the authority to establish and designate series and to fix the number of shares included in each such series.

Series 2 Convertible Preferred Stock:

Each Series 2 preferred share is convertible into two shares of common stock at the option of the holder. Each Series 2 preferred share also includes one warrant to purchase two common shares for $5.00. The warrants are exercisable over a three-year period. In the event of the liquidation of the Company, holders of Series 2 preferred stock would be entitled to receive $5.00 per share, plus any unpaid dividends declared on the Series 2 preferred stock from the funds remaining after the Company's creditors, including directors, have been paid. There have been no dividends declared. During November 1997, 172,000 shares of Series 2 preferred stock were converted into 344,000 shares of the Company's common stock. As of December 31, 2017, there were 5,000 shares issued, which are convertible into 2 common shares. There are no warrants outstanding that have been issued in connection with the preferred shares.

Series 3 Convertible Preferred Stock:

Each share automatically converts on March 2, 2000 into either (a) one (1) share of the Company's common stock if the average closing price of the common stock during the ten trading days immediately prior to March 1, 2000 is equal to or greater than sixty-six cents ($0.66) per share, or (b) one and one-half (1 1/2) shares of common stock if the average closing price of the common stock during the ten trading days immediately prior March 1, 2000 is less than sixty-six cents ($0.66) per share.

Series 5 Convertible Preferred Stock:

The shares are collectively convertible to common stock of the Company on March 5, 2004, in an amount equal to the greater of a) 290,000 shares divided by the ten-day closing price, prior to the date of acquisition of IPS, of the Company's common stock as quoted on the national exchange and not to exceed twenty million shares, or b) six million shares.

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SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 8. SUBSEQUENT EVENTS

In accordance with ASC 855-10, Company management reviewed all material events through the date of this report. There are no material subsequent events to report.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies Policies

Revenue Recognition of rental income

Revenues are recognized during the period in which the rental payment is received. The Company applies the provisions of FASB Accounting Standards Codification ('ASC') 605-10. Revenue Recognition in Financial Statements ASC 605-10, which provides guidance on recognition, presentation, and disclosure of revenues in financial statements filed with the SEC.

The Company's source of revenue is from a commercial property lease in which quarterly payments are received pursuant to the property lease which is in effect until 2026.

Property Plant and Equipment

Land and buildings are recognized at cost. Land is carried at cost less accumulated impairment losses.

Foreign currency translation

Foreign currency transactions are translated applying the current rate method. Assets and liabilities are translated at current rates. Stockholders' equity accounts are translated at the appropriate historical rates and revenue and expenses are translated at weighted average rates for the year. Exchange rate differences that arise between the rate at the transaction date and the one in effect at the payment date, or at the balance sheet date, are recognized in the income statement.

Income Taxes

The Company accounts for income taxes under the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required when it is less likely than not that the Company will be able to realize all or a portion of its deferred tax assets. Because it is doubtful that the net operating losses of recent years will ever be used, a valuation allowance has been recognized equal to the tax benefit of net operating losses generated.

Net Earnings per Share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of December 31, 2017, and December 31, 2016 there were 10,000 and 10,000 potential dilutive shares that need to be considered as common share equivalents. As of December 31, 2016, because of the net loss, the effect of these potential common shares is anti-dilutive for December 31, 2016.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents.

The Company maintains its cash in bank deposit accounts which, at December 31, 2017 did not exceed federally insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on such amounts.

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS.

Reclassification

Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation.

Recently Issued Accounting Standards

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. On July 9, 2015, the FASB agreed to delay the effective date by one year; accordingly, the new standard is effective for us beginning in the first quarter of 2018 and we expect to adopt it at that time. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method, nor have we determined the impact of the new standard on our consolidated financial statements.

Other recent accounting pronouncements issued by the FASB did not or are not believed by management to have a material impact on the Company's present or future financial statements.

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MAJOR CUSTOMER (Tables)

6 Months Ended

Dec. 31, 2017

Major Customer Tables

Schedules of major customer concentrations

	Percent of Sales for the Period ending December 31,
Customer	2017			2016
Circle K Denmark A/S, Formerly Statoil A/S		100	%		100	%
Total Sales from Major Customers		100	%		100	%

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LAND AND BUILDINGS (Tables)

6 Months Ended

Dec. 31, 2017

Land And Buildings Tables

Schedule of value of land

	Carrying Value of Land at
	December 31, 2017		June 30, 2017
US Dollars	$	651,816	$	619,592

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	Dec. 31, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies Details Narrative
Potential dilutive shares	10,000	10,000

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MAJOR CUSTOMER (Details)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Total sales from major customers	100.00%	100.00%
Circle K Denmark A/S, Formerly Statoil A/S [Member] | Sales Revenue, Net [Member]
Total sales from major customers	100.00%	100.00%

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LAND AND BUILDINGS (Details) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Land And Buildings Details
US Dollars	$ 651,816	$ 619,592

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LAND AND BUILDINGS (Details Narrative)	6 Months Ended
	Dec. 31, 2017 USD ($)
Land And Buildings Details Narrative
Increase in carrying value of land	$ 32,224

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Advances From a Related Party	$ 104,943		$ 96,725
CEO [Member]
Proceeds form related party debt	104,943	$ 92,430
Advances From a Related Party	$ 11,655	$ 14,168

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NOTES PAYABLE (Details Narrative) - USD ($)

6 Months Ended

Dec. 31, 2017

Jun. 30, 2017

Future minimum bank payments due remainder of current fiscal year

$ 17,883

Future minimum bank payment due thereafter

$ 23,356

Description for term of future minimum bank payments

The Company has minimum yearly bank payments of $17,883 for the next half year, and $23,356 thereafter for another 5.25 years.

Commitments and contingencies [Member]

2018

$ 153,154

2019

91,069

through 2025

244,223

Borkwood Development Ltd [Member] | Promissory note [Member]

Notes Payable

$ 650,000

Interest rate on notes payable

5.00%

Notes payable description

The Company has the right to prepay the note at any time with a notice of 14 days. To secure the payment of principal and interest the Sellers will receive a perfect lien and security interest in the Shares in the company ANV until the note with accrued interest is paid in full., and, 2) In the case that the Note has not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock of Advanced Oxygen Technologies, Inc. in an amount of non-diluted shares calculated on the conversion Date, equal to the lesser of : a) Six hundred and Fifty thousand (650,000) or the Purchase Price minus the principal payments made by the buyer, whichever is greater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares, whichever is lesser.

Outstanding notes payable

$ 127,029

$ 127,029

Note A [Member]

Notes Payable

5,329

Principal payments

5,774

Interest payments

431

Note A [Member] | Danish Krone [Member]

Notes Payable

$ 800,000

Interest rate on notes payable

7.00%

Notes payable description

0.50 years left on the term

Note B [Member]

Notes Payable

$ 111,865

Principal payments

8,921

Interest payments

2,757

Note B [Member] | Danish Krone [Member]

Notes Payable

$ 1,132,000

Interest rate on notes payable

2.00%

Notes payable description

6 years left on the term

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SHAREHOLDERS' EQUITY (Details Narrative) - $ / shares	1 Months Ended	6 Months Ended
	Nov. 30, 1997	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 08, 2014	Dec. 07, 2014
Common Stock, par value		$ 0.01		$ 0.01
Common Stock, shares authorized		60,000,000		60,000,000
Common Stock, shares outstanding		2,292,945		2,292,945
Series 5 Convertible Preferred Stock [Member]
Conversion description		The shares are collectively convertible to common stock of the Company on March 5, 2004, in an amount equal to the greater of a) 290,000 shares divided by the ten day closing price, prior to the date of acquisition of IPS, of the Company's common stock as quoted on the national exchange and not to exceed twenty million shares, or b) six million shares.
Convertible Preferred Stock, Series 3
Conversion description		Each share automatically converts on March 2, 2000 into either (a) one (1) share of the Company's common stock if the average closing price of the common stock during the ten trading days immediately prior to March 1, 2000 is equal to or greater than sixty-six cents ($0.66) per share, or (b) one and one-half (1 1/2) shares of common stock if the average closing price of the common stock during the ten trading days immediately prior March 1, 2000 is less than sixty-six cents ($0.66) per share.
Series 2 Convertible Preferred Stock [Member]
Preferred Stock, shares issued		5,000
Convertible common stock		2
Purchase price of warrant		$ 5.00
Discription of warrants exercisable		3 years
Preferred Stock, shares	172,000
Preferred Stock converted into common stock, shares	344,000
Common Stock
Common Stock exchange ratio		one for twenty (1:20)
Common Stock, par value		$ 0.01
Common Stock, shares authorized		10,000,000			60,000,000	90,000,000
Common Stock, shares outstanding						45,853,585
Reduction of common stock, shares						2,292,945
Preferred Stock [Member]
Preferred Stock, par value			$ 0.01
Preferred Stock, shares authorized			10,000,000