INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

Income Taxes Tables Abstract

Summary of operating loss carryforwards

Year	Amount
2019		548,000
2020		351,000
2021		29,000
Total	$	928,000

Summary of reconciliation of income tax expense rate

	2018			2017
United States Statutory Income tax Rate		21	%		35	%
Increase (Decrease) in rate on income subject to Danish income tax rates		1	%		(13	)%
Decrease in rate resulting from Non-Deductible expenses		-			-
Income Tax Expense		22	%		22	%

Summary of components of income tax expense

Current Tax Expense	2018		2017
Danish Income Tax Expense (Benefit)	$	7,201	$	(7,580	)
Federal US Income Tax Expense (Benefit)
Current				-
Deferred		-		-
Total Income Tax Expense	$	7,201	$	(7,580	)

Summary of deferred tax income tax assets

	2018			2017
Net operating loss carryforwards	$	4,353,794		$	4,355,360
Valuation allowance		(4,353,794	)		(4,355,360	)
Total net deferred tax assets	$	-		$	-