XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income (loss) $ (103,103) $ 8,111
Adjustments to reconcile net income to net cash:    
Stock-based compensation 113,000
Expenses Paid on behalf of a related party 18,125 17,700
Accounts Payable (225) (525)
Deferred revenue 3,092  
Taxes Payable 5,445 (8,400)
Prepaid Expenses 0 525
Net cash provided by operating activities 36,334 17,411
Cash flows from investing activities:    
Capital investment in subsidiary (125)
Net Cash provided by investing activities (125)
Cash flow from financing activities:    
Repayment of related party debt (18,262) (8,965)
Repayment of long term debt (17,121) (17,317)
Net cash used in financing activities (35,383) (26,282)
Change due to FX Translation (321) (1,446)
NET CHANGE IN CASH 505 (10,317)
Cash at beginning of year 43,098 53,415
Cash at end of year 43,603 43,098
Non Cash Investing and Financing Activities    
Cash paid for Interest $ 3,290 $ 4,182