Note 4. Preferred Stock	3 Months Ended
Sep. 30, 2017
Notes
Note 4. Preferred Stock	NOTE 4. PREFERRED STOCK During quarter ended September 30, 2017, the Company issued 75,000 shares of common stock upon conversion of 75,000 shares of Series B Convertible Preferred Stock (the “Series B Preferred”). As of September 30, 2017, the Company had 3,484,000 shares of Series A 8% Convertible Preferred Stock (the “Series A Preferred”) and Series B Preferred outstanding. Dividends payable on these shares accrue at the rate of 8% per year and are payable quarterly in stock or cash. The Company generally pays the dividends in stock. The formula for paying this dividend in common stock can change the effective yield on the dividend to more or less than 8% depending on the price of the stock at the time of issuance.

Note 4. Preferred Stock

3 Months Ended

Sep. 30, 2017

NOTE 4. PREFERRED STOCK

During quarter ended September 30, 2017, the Company issued 75,000 shares of common stock upon conversion of 75,000 shares of Series B Convertible Preferred Stock (the “Series B Preferred”). As of September 30, 2017, the Company had 3,484,000 shares of Series A 8% Convertible Preferred Stock (the “Series A Preferred”) and Series B Preferred outstanding. Dividends payable on these shares accrue at the rate of 8% per year and are payable quarterly in stock or cash. The Company generally pays the dividends in stock. The formula for paying this dividend in common stock can change the effective yield on the dividend to more or less than 8% depending on the price of the stock at the time of issuance.