0001445866-15-000575.txt : 20150514 0001445866-15-000575.hdr.sgml : 20150514 20150514121540 ACCESSION NUMBER: 0001445866-15-000575 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20150331 FILED AS OF DATE: 20150514 DATE AS OF CHANGE: 20150514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRATEGABIZ, INC. CENTRAL INDEX KEY: 0000726293 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 841089377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-11730 FILM NUMBER: 15861442 BUSINESS ADDRESS: STREET 1: 922 CHAPPEL VALLEY LOOP CITY: LEHI STATE: UT ZIP: 84043 BUSINESS PHONE: 801-592-3000 MAIL ADDRESS: STREET 1: 922 CHAPPEL VALLEY LOOP CITY: LEHI STATE: UT ZIP: 84043 FORMER COMPANY: FORMER CONFORMED NAME: Agricon Global Corp DATE OF NAME CHANGE: 20120412 FORMER COMPANY: FORMER CONFORMED NAME: BAYHILL CAPITAL CORP DATE OF NAME CHANGE: 20080428 FORMER COMPANY: FORMER CONFORMED NAME: COGNIGEN NETWORKS INC DATE OF NAME CHANGE: 20000718 10-Q 1 strategabiz10q03312015.htm 10-Q strategabiz10q03312015.htm


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 2015


[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period From ________ to _________

Commission File Number 0-11730


STRATEGABIZ, INC.
(Exact name of registrant as specified in its charter)

Delaware
 
84-1089377
(State or other jurisdiction of
 
(I.R.S. Employer
incorporation or organization)
 
Identification No.)
     
922 Chappel Valley Loop
   
Lehi, Utah
 
84043
(Address of principal executive offices)
 
(Zip Code)

801-592-3000
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.Yes þ  No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files.) Yes þ  No o
 
Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of large accelerated filer,” “accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
 
Large accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company)
Accelerated filer o
Smaller reporting company þ
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes þ   No o
 
As of May 14, 2015, the registrant had 3,672,236 shares of common stock, par value $0.0001, issued and outstanding.

 
 

 


STRATEGABIZ, INC. AND SUBSIDIARIES
FORM 10-Q


 

PART I — FINANCIAL INFORMATION  
   
Page
     
 
     
 
     
 
     
 
     
     
     
   
 
   
   
   
   
   
   
   
   
 


 
STRATEGABIZ, INC.
 
 
             
   
March 31,
   
June 30,
 
   
2015
   
2014
 
    (Unaudited)  
 
 
ASSETS
           
Current Assets
           
Cash
  $ 124,587     $ 3,628  
Prepaid expenses
    7,701       -  
Notes receivable
    -       128,657  
Total current assets
    132,288       132,285  
Total Assets
  $ 132,288     $ 132,285  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
 
Current Liabilities
               
Accounts payable
  $ 21,798     $ 8,345  
Accounts payable, related parties
    -       158  
Accrued liabilities
    104,152       206,207  
Notes payable, related parties
    -       115,787  
Total current liabilities
    125,950       330,497  
                 
Total Liabilities
  $ 125,950     $ 330,497  
                 
Commitments and Contingencies
               
STOCKHOLDERS'  EQUITY (DEFICIT)
               
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares
 
issued and outstanding
    -       -  
Common stock $.0001 par value, 100,000,000 shares authorized;
 
3,672,236 shares issued and outstanding at March 31, 2015 and
 
1,088,667 shares issued and outstanding at June 30, 2014
    367       109  
Additional paid-in capital
    6,199,418       5,577,675  
Accumulated deficit
    (6,193,447 )     (5,775,996 )
Total stockholders' equity (deficit)
    6,338       (198,212 )
                 
Total Liabilities and Stockholders' Equity (Deficit)
  $ 132,288     $ 132,285  
 
See accompanying notes to the condensed consolidated financial statements.

 

STRATEGABIZ, INC.
 
 
(Unaudited)
 
                         
   
For the Three Months Ended March 31,
   
For the Nine Months Ended March 31,
 
   
2015
   
2014
   
2015
   
2014
 
Operating Expenses:
                       
Selling, general and administrative
  $ 143,207     $ 275,759     $ 407,563     $ 862,530  
         Total Operating Expenses
    143,207       275,759       407,563       862,530  
                                 
Loss from Operations
    143,207       275,759       407,563       862,530  
                                 
Other Income and Expense:
                               
    Interest income
    -       5,128       2,931       16,822  
    Interest expense
    (4,921 )     (24,367 )     (12,819 )     (104,514 )
        Total Other Income and Expense
    (4,921 )     (19,239 )     (9,888 )     (87,692 )
                                 
Loss from continuing operations
    (148,128 )     (294,998 )     (417,451 )     (950,221 )
Loss from discontinued operations
    -       (104,086 )     -       (371,516 )
Net Loss
  $ (148,128 )   $ (399,084 )   $ (417,451 )   $ (1,321,737 )
                                 
Basic and diluted loss per common share
                         
    From continuing operations
  $ (0.04 )   $ (0.47 )   $ (0.15 )   $ (1.51 )
    From discontinued operations
    -       (0.17 )     -       (0.59 )
    Total
  $ (0.04 )   $ (0.64 )   $ (0.15 )   $ (2.11 )
                                 
Basic and diluted weighted average number of common shares outstanding
    3,580,825       629,726       2,699,461       627,414  
 
See accompanying notes to the condensed consolidated financial statements.

 
STRATEGABIZ, INC.
 
 
(Unaudited)
 
   
For the Nine Months Ended
March 31,
 
   
2015
   
2014
 
Cash Flows From Operating Activities
           
Net loss
  $ (417,451 )   $ (1,321,737 )
Adjustments to reconcile net loss to net cash used in operating activities:
 
Share-based compensation
    100,001       369,694  
Shares issued for domain names
    35,000       -  
Accretion of debt discount
    -       44,424  
Depreciation
    -       2,736  
Bad debt expense
    -       53,833  
Changes in operating assets and liabilities:
               
Prepaid expenses
    (7,701     -  
Accounts payable
    13,453       96,290  
Accounts payable, related party
    (158 )     98,744  
Accrued liabilities
    (102,055 )     520,409  
        Net Cash Used in Operating Activities
    (378,911 )     (135,607 )
                 
Cash Flows From Investing Activities
               
Principal payments on notes receivable
    128,657       73,178  
Advance to vendor
    -       (3,000 )
       Net Cash Provided by Investing Activities
    128,657       70,178  
                 
Cash Flows From Financing Activities
               
Proceeds from issuance of common stock for cash
    487,000       100,000  
Principal payments on unsecured notes payable, related parties
    (28,286 )     (17,500 )
Principal payments on secured convertible notes payable, related parties
    (87,501 )     (18,000 )
       Net Cash Provided by Financing Activities
    371,213       64,500  
                 
Net Increase (Decrease) in Cash
    120,959       (929 )
Cash at Beginning of Period
    3,628       4,770  
Cash at End of Period
  $ 124,587     $ 3,841  
                 
Supplemental Disclosures of Cash Flow Information:
         
Conversion of accounts payable and accrued liabilities to notes payable
  $ -     $ 476,926  
Shares issued for prepaid compensation
    150,000       -  
Shares issued to pay principal and accrued interest of secured
 
convertible notes payable
    -       58,800  
 
See accompanying notes to the condensed consolidated financial statements.


STRATEGABIZ, INC. AND SUBSIDIARIES
(Unaudited)

NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION

Principles of ConsolidationThe accompanying condensed consolidated financial statements for StrategaBiz, Inc. (formerly Agricon Global Corporation) (the “Company”) are presented in conformity with accounting principles generally accepted in the United States of America.  Financial statements for the fiscal year ended June 30, 2014 include operations and balances of the Company together with its previously owned and operated wholly-owned subsidiaries Canola Properties Ghana Limited (“CPGL”) and Agricon SH Ghana Limited (“ASHG”), both Ghanaian limited liability companies.  Intercompany balances and transactions have been eliminated in consolidation. In December 2013, CPGL discontinued its agricultural activities and transferred its remaining assets to ASHG. On June 20, 2014, all of the equity interests of the Company ASHG were sold.  As a result, the Company no longer has any interest in the CPGL or ASHG, however, the operations of CPGL and ASHG are included in the consolidated statements of operations up to the date of discontinued activities and sale, respectively, and are classified as discontinued operations in both years presented.

Nature of Operations — Prior to the disposition of the equity interests of ASHG, all of the Company’s business had been conducted through its two wholly-owned subsidiaries CPGL and ASHG.  The Company’s business activities to date had been organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural products.  The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a “shell corporation” under SEC regulations.

Change in Corporate Name and Equity Structure — Effective December 15, 2014, the Company effected (i) a change in the name of the Company from “Agricon Global Corporation” to “StrategaBiz, Inc.”; and (ii) a reverse split of the Company’s outstanding common stock on a basis of 1-for-30 and the rounding to the nearest share for fractional interests by filing an Amended and Restated Certificate of Incorporation with the Delaware Secretary of State.  The name change and reverse split were approved by the holders of a majority of the Company’s issued and outstanding common stock on November 7, 2014.  On November 25, 2014 the Company filed with the Securities and Exchange Commission, and the Company’s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the stockholders of the corporate actions.  The Company’s common stock began trading on January 15, 2015 on a post-split basis under the symbol “SGBZ.” All share and per-share amounts included in these consolidated financial statements (including pre-reverse stock split shares) have been restated to reflect the 1-for-30 reverse stock split.

NOTE 2 – GOING CONCERN

The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern.  As shown in the accompanying condensed consolidated financial statements, the Company incurred a net loss of $417,451 for the nine months ended March 31, 2015 and has an accumulated deficit of $6,193,447 as of March 31, 2015.  The Company also used cash in operating activities of $378,911 during the nine months ended March 31, 2015.  At March 31, 2015, the Company had working capital of $56,338.   These factors raise substantial doubt about the Company’s ability to continue as a going concern.

In order for the Company to continue as a going concern, the Company expects to obtain additional debt and/or equity financing.  The Company is regularly and continually seeking additional funding from investors and from time to time is in various stages of negotiations.  Nonetheless, to date the Company has not accomplished a financing of the size needed to put the Company on a stable operating basis. There can be no assurance that the Company will be able to secure additional debt or equity financing, that it will be able to attain positive cash flow operations, or that, if it is successful in any of those actions, those actions will produce adequate cash flow to enable it to meet our future obligations. All of our existing financing arrangements are short-term. If the Company is unable to obtain additional debt and/or equity financing, it may be required to significantly reduce or cease operations.
 
 

NOTE 3 – CHANGES IN MANAGEMENT AND DIRECTORS

On October 22, 2014 the Company filed an Information Statement pursuant to Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 thereunder, with a proposed change in the majority of the board of directors and an addition to management. The proposed change included the resignation of Rene Mikkelsen, Alan Kronborg, Robert Bench, and Peter Opata as directors, the appointment of Brian Mertz and Ole Segetty as directors and the appointment of Brian Mertz as Chief Executive Officer. These changes became effective on November 5, 2014.

NOTE 4 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim Financial Information – The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”).  Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.  The results of operations for the nine months ended March 31, 2015, may not be indicative of the results that may be expected for the year ending June 30, 2015.

These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include estimated realizability of notes receivable, and realizability of deferred tax assets. Actual results could differ from those estimates.

Business Condition – The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a “shell corporation” under SEC regulations. The Company has begun to look for operating companies or other business opportunities to acquire.  The ability of the Company to continue as a going concern is dependent on the success of that plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern (see Note 2—Going Concern).

Cash – The balance in Cash consists of cash reserves held in checking accounts.

Notes Receivable – During the nine months ended March 31, 2015 the remaining principal balance of the only note receivable was paid in full. See further discussion and disclosure in Note 5.
 
 

Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving no effect to potentially anti-dilutive issuable common shares.  As of March 31, 2015 there were no outstanding options to purchase the Company’s common shares.

Income Taxes – The Company accounts for income taxes pursuant to ASC 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.  We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years.

All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates 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 to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to income tax liabilities as an income tax expense. There is no interest or penalties recognized in the statement of operations or accrued as of March 31, 2015. Tax years that remain subject to examination include 2010 through the current year.

Share-Based Compensation – The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a lattice model that values the options based on probability-weighted projections of the various potential outcomes. The intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all considerations under this model.  If stock grants are related to a future performance condition, the Company recognizes compensation expense when the performance condition, leading to the issuance, becomes probable of occurring.

NOTE 5 – NOTES RECEIVABLE

On August 31, 2010, the Company sold its wholly-owned subsidiary, Commission River Corporation. As part of the payment for the sale, the Company was issued a secured negotiable promissory note receivable, in the amount of $490,000, with varying interest rates beginning at 6% and required monthly payments of $10,000 until its maturity on September 12, 2014.  The remaining principal balance was paid in full on September 12, 2014.


 
NOTE 6 –NOTES PAYABLE TO RELATED PARTIES

The notes payable to related parties related to unpaid salaries that were converted into notes payable.  The remaining note was paid in full during the quarter ended March 31, 2015. The related party notes consisted of the following at March 31, 2015 and June 30, 2014:

             
   
March 31,
   
June 30,
 
Note Holder
 
2015
   
2014
 
ClearWater Law and Governance Group, LLC
  $ -     $ 32,001  
James U Jensen
    -       25,954  
Robert K Bench
    -       29,546  
Robyn Farnsworth (unsecured)
    -       28,286  
Total
  $ -     $ 115,787  

NOTE 7 – SHARE BASED COMPENSATION

On November 5, 2014 the board of directors approved a one-time payment of $50,000 to each of Messrs. Soren Jonassen and Ole Sigetty, the Company’s outside board members and to Mr. Brian Mertz, the Company’s Chief Executive Officer for their services through the end of the Company’s fiscal year ending June 30, 2015. These amounts were paid by the issuance of 66,667 restricted shares of the Company’s common stock, which were priced by the directors at $0.75 per share, which they deemed the appropriate market value at the time of issuance.  The shares granted were not subject to vesting; the Company expensed the entire $100,001 as compensation expense through March 31, 2015 and the balance of  $50,000 which is netted against Additional paid-in capital will be expensed during the quarter ending June 30, 2015.

NOTE 8 – INCOME TAXES

In evaluating the realizability of the net deferred tax assets, we take into account a number of factors, primarily relating to the ability to generate taxable income. Where it is determined that it is likely that we will be unable to realize deferred tax assets, a valuation allowance is established against the portion of the deferred tax asset. Because it cannot be accurately determined when or if we will become profitable, a valuation allowance was provided against the entire deferred income tax asset balance.

The 2010 through 2014 tax years remain open to examination by the Internal Revenue Service.  These taxing authorities have the authority to examine those tax years until the applicable statute of limitations expire. 
 
The Company did not recognize any interest or penalties related to income taxes for the nine months ended March 31, 2015 and 2014.

NOTE 9 – STOCKHOLDER’S EQUITY

Preferred stock
 
The Company has authorized 400,000 shares of preferred stock, with a par value of $0.0001 per share. As of March 31, 2015 and June 30, 2014, the Company did not have any preferred stock issued and outstanding.
 
 
 
Common stock
 
The Company has authorized 100,000,000 shares of common stock, with a par value of $0.0001 per share. As of March 31, 2015 and June 30, 2014, the Company had 3,672,236 and 1,088,667 (32,660,002 pre-split shares), respectively, shares of common stock issued and outstanding.

From February 19, 2015 through March 10, 2015 the Company completed a private placement of 137,000 shares of its common stock for cash in the amount of $137,000 to five third party investors.
 
On August 28, 2014 the Company completed a private placement of 314,286 (9,428,571 pre-split) shares of its common stock for cash in the amount of $50,000 to World Wide Investment Fund Ltd., a company controlled by Mr. Brian Mertz, a resident of Denmark.

On October 6, 2014 the Company issued 666,667 (20,000,000 pre-split) shares to World Wide Investment Fund Ltd., 333,333 (10,000,000 pre-split) shares to Stratega ApS, a company controlled by Mr. Mertz, and 885,714 (26,571,429 pre-split) shares to Mr. Brian Mertz, for a total purchase price of $300,000.

On December 2, 2014 the Company issued 66,667 shares to each of the following: Soren Jonassen, Ole Sigetty, and Brian Mertz in lieu of cash payments of $50,000 each.

On December 28, 2014 the Company issued 46,667 shares to Hugo Svaneeng Holdings ApS for the purchase of Domain names, which the board of directors valued at $35,000.

NOTE 10 - EXCHANGE AGREEMENT

On February 27, 2015, the Company signed a Share Exchange and Purchase Agreement (the "Share Exchange Agreement"), with CryptoCorum Ltd., a Malta holding company (“CryptoCorum”) and its sole shareholder, LXCCoin Ventures Limited, a Cyprus limited company formerly known as Jeckelson Investments Limited, pursuant to which the Company agreed to acquire 100% of the issued and outstanding equity securities in CryptoCorum in exchange for 10,500,000 shares of the Company’s common stock par value $0.0001 per share (the “Share Exchange”).  The closing (“Closing”) of the Share Exchange is scheduled to take place on May 17, 2015, or such other time as agreed upon the directors of the Company.  Upon the Closing, the Company will own 100% of the outstanding equity interests of CryptoCorum.  As a result of the Share Exchange, LVL, as the former shareholder of CryptoCorum, will become the controlling shareholder of the Company.




The following discussion is intended to assist you in understanding our results of operations and our present financial condition.  Our condensed consolidated financial statements and the accompanying notes included in this quarterly report on Form 10-Q contain additional information that should be referred to when reviewing this material.

Forward-Looking Information and Cautionary Statements

This quarterly report contains forward-looking statements as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements relate to future events or our future financial performance.  In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology.  Such statements are based on currently available financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations.  Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  Such factors include, but are not limited to, market factors, market prices and marketing activity, future revenues and costs, unsettled political conditions, civil unrest and governmental actions, foreign currency fluctuations, and environmental and labor laws and other factors detailed herein and in our other filings with the U.S. Securities and Exchange Commission (the “Commission”) filings.    Additional factors that may cause actual results, our performance or achievements, or industry results, to differ materially from those contemplated by such forward-looking statements include without limitation:
 
·
our ability to raise capital when needed and on acceptable terms and conditions;
 
·
our ability to identify and acquire a viable operating business;
 
·
our ability to attract and retain management, and to integrate and maintain technical information and management information systems;
 
·
the intensity of competition; and
 
·
general economic conditions.

Forward-looking statements are predictions and not guarantees of future performance or events.  Forward-looking statements are based on current industry, financial and economic information, which we have assessed but which by its nature, is dynamic and subject to rapid and possibly abrupt changes.  Our actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business.  We hereby qualify all our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of their dates and should not be unduly relied upon.  We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise (other than pursuant to reporting obligations imposed on registrants pursuant to the Securities Exchange Act of 1934)  to reflect subsequent events or circumstances. All written and oral forward-looking statements made in connection with this Annual Report on Form 10-Q that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements.




BUSINESS REVIEW

Previously, all of the Company’s business had been conducted through its two wholly-owned subsidiaries CPGL and ASHG.  The Company’s business activities consisted of organizing the Company and locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural products.  Effective June 20, 2014 the Company sold ASHG, the only active business of the Company, to Ghana Journeys Limited and the Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a “shell corporation” under SEC regulations.

Results of Operations

Three months ended March 31, 2015 Compared to Three months Ended March 31, 2014

Revenue

The Company generated no revenues from operations during the three months ended March 31, 2015 or 2014. Our only activities related to our continued search for assets to acquire or merge into the Company.

General and Administrative Expenses

General and administrative expenses were $143,207 for the three months ended March 31, 2015, which related to our search for future opportunities for the Company, and $275,759 for the three months ended March 31, 2014, which related to our search and negotiation efforts to secure a land lease.

Loss from discontinued operations for the three months ended March 31, 2014 was $104,086. These represent costs and expenses relating to finding appropriate land, negotiating land leases, surveying and soil testing prospective land for possible acquisition or lease.

Nine months ended March 31, 2015 Compared to Nine months Ended March 31, 2014

Revenue

The Company generated no revenues from operations during the nine months ended March 31, 2015 or 2014. Our only activities related to our continued search for assets to acquire or merge into the Company.

General and Administrative Expenses

General and administrative expenses were $407,563 for the nine months ended March 31, 2015, which related to our search for future opportunities for the Company, and $862,530 for the nine months ended March 31, 2014, which related to our search and negotiation efforts to secure a land lease.

Loss from discontinued operations for the nine months ended March 31, 2014 was $371,516. These represent costs and expenses relating to finding appropriate land, negotiating land leases, surveying and soil testing prospective land for possible acquisition or lease.

Liquidity and Capital Resources and Our Ability to Continue as a Going Concern

As of March 31, 2015 and June 30, 2014, we had cash on hand of $124,587 and $3,628, respectively. Our operations do not produce cash flow and we rely almost exclusively on external sources of liquidity. As of March 31, 2015, we had $56,338 in working capital and we need additional funding to pay our current liabilities and execute our business plan. We have historically addressed working capital deficiencies through frequent private sales of stock for cash, exchanges of stock in satisfaction of liabilities or for services, issuing short- term promissory notes and sales of our assets. During the nine months ended March 31, 2015, the Company financed its operations through the sale of an aggregate of 2,370,000 shares of common stock for $487,000.  We will continue to depend on these and other external sources of liquidity for the foreseeable future. If we cannot obtain the necessary capital to pay our current liabilities, we may be subject to claims and litigation. Our ability to raise additional capital is critical to our ability to continue to operate our business.
 
 

 
Our ability to secure liquidity in the form of additional financing or otherwise is crucial for the execution of our plans and our ability to continue as a going concern. Our current cash balance, together with cash, will not be sufficient to satisfy our anticipated cash requirements for normal operations and capital expenditures for the foreseeable future. Economic conditions continue to be weak and global financial markets continue to experience significant volatility and liquidity challenges. These conditions may make it more difficult for us to obtain financing.

Our independent registered public accounting firm’s report on our June 30, 2014 financial statements expresses doubt about our ability to continue as a going concern. The report includes an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern due to substantial losses from operations, negative working capital, negative cash flow, and the lack of sufficient capital, as of the date the report was issued, to support our planned capital expenditures through 2014 or later. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should we be unable to continue as a going concern.

We are not currently generating revenue, and our cash and cash equivalents will continue to be depleted by our ongoing operations as well as our general and administrative expenses. Until we are in a position to generate significant revenue, we will need to continue to raise additional funds to continue operating as a going concern. We may seek this additional funding through the issuance of debt, preferred stock, equity or a combination of these instruments. We may also seek to obtain financing through the sale of working interests in one or more of our projects. We cannot be certain that funding from any of these sources will be available on reasonable terms or at all. If we are unable to secure adequate funds on a timely basis on terms acceptable to us, we may have to cease or significantly curtail our operations.

Over the next twelve months, we do not expect our existing capital and anticipated funds from operations to be sufficient to sustain our planned activities. Consequently, we intend to seek additional capital to fund growth and expansion through equity financings, debt financings and/or credit facilities. We have no assurance that such financing will be available, and if available, the terms under which such financing would be given.

Our lack of significant operating history makes predictions of future operating results difficult. Our projects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in an early stage of development. Such risks include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks we must, among other things, implement and successfully execute our business and marketing strategy, respond to competitive developments, and attract, retain and motivate qualified personnel. We have no assurance that we will be successful in addressing such risks, and the failure to do so would have a material adverse effect on our business prospects, financial condition and results of operations.




Inflation

We do not believe that inflation has had a material effect on our business, financial condition or results of operations. If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases. Our inability or failure to do so could adversely affect our business, financial condition and results of operations

Number of Employees
 
As of March 31, 2015, the Company had 3 part time employees.
 
Disclosure of Contractual Obligations
 
The Company does not have any significant contractual obligations which could negatively impact our results of operations and financial condition.

Off-Balance Sheet Financing Arrangements

The Company had no off-balance sheet financing arrangements at March 31, 2015 and June 30, 2014.

Critical Accounting Policies and Estimates

Financial Reporting Release No. 60, published by the SEC, recommends that all companies include a discussion of critical accounting policies used in the preparation of their financial statements. While all these significant accounting policies impact our consolidated financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates.
 
We believe that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause a material effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.

General
 
The Company’s Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles, which require management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, net revenue, if any, and expenses, and the disclosure of contingent assets and liabilities. Management bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Senior management has discussed the development, selection and disclosure of these estimates with the Board of Directors. Management believes that the accounting estimates employed and the resulting balances are reasonable; however, actual results may differ from these estimates under different assumptions or conditions. An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably possible could materially impact the consolidated financial statements. Management believes the following critical accounting policies reflect the significant estimates and assumptions used in the preparation of the Consolidated Financial Statements.
 
 
 
Revenue Recognition
 
The Company has generated no revenues to date. It is the Company’s policy that revenue from product sales or services will be recognized in accordance with ASC 605 “Revenue Recognition”. Four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured.
 
Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product was not delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The Company did not have any revenue during the period ended March 31, 2015.
    
Fair Value of Financial Instruments
 
The Company adopted the provisions under FASB for Fair Value Measurements, which define fair value for accounting purposes, establishes a framework for measuring fair value and expands disclosure requirements regarding fair value measurements. The Company’s adoption of these provisions did not have a material impact on its consolidated financial statements. Fair value is defined as an exit price, which is the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date. The degree of judgment utilized in measuring the fair value of assets and liabilities generally correlates to the level of pricing observability. Financial assets and liabilities with readily available, actively quoted prices or for which fair value can be measured from actively quoted prices in active markets generally have more pricing observability and require less judgment in measuring fair value. Conversely, financial assets and liabilities that are rarely traded or not quoted have less price observability and are generally measured at fair value using valuation models that require more judgment. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency of the asset, liability or market and the nature of the asset or liability. The Company has categorized its financial assets and liabilities measured at fair value into a three-level hierarchy in accordance with these provisions.
 
New Accounting Pronouncements
 
There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company's consolidated financial position, results of operations or cash flows.


As a Smaller Reporting Company as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this Item.
 

Evaluation of Disclosure Controls and Procedures

Our management, under the supervision and with the participation of our President, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act.”))  and based upon this evaluation, and the engagement of a qualified outside third party review of our disclosure controls and procedures, concluded that as of June 30, 2014, our disclosure controls and procedures were effective in ensuring that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is (i) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms and (ii) accumulated and communicated to our management, including our principal executive and financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
 
 

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting, defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act, is a process designed by, or under the supervision of, the Company’s principal executive officer who is also our principal financial officer and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States and includes those policies and procedures that:

pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles in the United States, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and
provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement of our financial statements would be prevented or detected.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. To mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with the use of legal and accounting professionals. As we grow, we expect to increase our number of employees and engage outsourced accounting professionals, which will enable us to implement adequate segregation of duties within the internal control framework.

Management of the Company conducted an assessment of the effectiveness of our internal control over financial reporting based on the framework set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control - Integrated Framework. As part of this assessment management has taken into consideration that we are a small company, and due to the fact that we have a limited number of employees, we are not able to have proper segregation of duties and have limited technical accounting research capabilities. Based on this assessment, management concluded that as of June 30, 2014, we had a material weakness in our internal control over financial reporting because of the lack of segregation of duties and the limited technical accounting capabilities. In July 2014 we engaged a third party service provider with the necessary financial expertise to provide an independent review and additional oversight of financial reporting. In addition, the board of directors, as part of their review of the quarterly and annual financial statements, has complete access to the detailed financial information of the Company for further review and verification of all financial transactions during the reporting periods. Management believes these changes and detailed review by the board of directors enhance our effectiveness over financial reporting to provide reasonable assurance regarding the reliability of financial reporting and preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States.

 
 
Changes in Internal Control over Financial Reporting

During the nine months ended March 31, 2015, we engaged a third party accountant, separate from our auditors, to assist us in our financial review and reporting process and to provide an independent review of financials as described above. There were no other changes in our internal control over financial reporting during the nine months ended March 31, 2015 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 





The Company had no legal proceedings as of March 31, 2015.


The Company’s results of operations, financial condition and cash flows can be adversely affected by various risks. These risks include, but are not limited to, the principal factors listed below and the other matters set forth in the Company’s annual report on Form 10-K (incorporated herein by reference) and this quarterly report on Form 10-Q. You should carefully consider all of these risks.
 
The Company has a history of operating losses and an accumulated deficit and expects to continue to incur losses for the foreseeable future.
 
Since inception, the Company has incurred cumulative losses resulting in an accumulated deficit of $6,193,447 as of March 31, 2015.  The Company has never generated enough funds through operations to support its business. The Company has a limited operating history and has primarily engaged in operations relating to the development of its business plan.  Additional capital may be required in order to provide working capital requirements for the next twelve months.
 
 
During the nine months ended March 31, 2015, the Company issued an aggregate of 2,370,000 shares of common stock for $487,000.  The proceeds from the sale of the shares of common stock were used as working capital.
 

None.
 
 
Not applicable.
 
 
Exchange Agreement

On February 27, 2015, the Company signed a Share Exchange and Purchase Agreement (the "Share Exchange Agreement"), with CryptoCorum Ltd., a Malta holding company (“CryptoCorum”) and its sole shareholder, LXCCoin Ventures Limited, a Cyprus limited company formerly known as Jeckelson Investments Limited (“LVL”), pursuant to which the Company agreed to acquire 100% of the issued and outstanding equity securities in CryptoCorum in exchange for 10,500,000 of the issued and outstanding shares of the Company’s common stock par value $0.0001 per share (the “Share Exchange”).
 
The Share Exchange Agreement contains customary covenants, representations and warranties of the parties, including, among others, (i) a covenant by each of the Company and CryptoCorum to conduct their respective businesses in the ordinary course during the interim period between the execution of the Agreement and the consummation of the Share Exchange; (ii) a covenant by CryptoCorum to deliver audited financial statements for three years (or periods since its inception) until December 31, 2014 and unaudited financial statements for each month thereafter to be delivered within 15 days after such month; and (iii) a covenant by the sellers to pay any indebtedness owed to CryptoCorum prior to the closing of the Exchange Agreement.
 
 

The closing (“Closing”) of the Share Exchange is scheduled to take place on May 17, 2015, or such other time as agreed upon the directors of the Company.  Upon the Closing, the Company will own 100% of the outstanding equity interests of CryptoCorum.  As a result of the Share Exchange, LVL, as the former shareholder of CryptoCorum, will become the controlling shareholder of the Company.

Reportable Events

The Company has failed to previously report the following event:

On September 10, 2009, Mr. Brian Mertz was convicted of stock manipulation for actions taken in June 2006, when he bought shares in Notabene.net A/S listed on Nasdaq First North in Denmark, a company in which he served as CEO, leading to an increase of the share price.  The incident was investigated in July-August of 2006 and Mr. Mertz was indicted and convicted in 2009.  He served a one year suspension and paid a fine in the amount of approximate $1,500 and was required to pay attorney’s fees incurred by the prosecution.





Exhibits.  The following exhibits are included as part of this report:
 
EXHIBIT NO
DESCRIPTION AND METHOD OF FILING
   
2.1
Share Exchange and Purchase Agreement by and Among Agricon Global Corporation and Canola Property Ghana Limited and its Principal Shareholders: Invest in Ghana Co. Limited, and Global Green Capacity Limited, dated March 30, 2012 (incorporated by reference to Exhibit 2.1 of Form 8K filed on April 5, 2012).
3.1
Certificate of Incorporation of BayHill Capital Corporation, dated April 24, 2008 (incorporated by reference to Exhibit 99.5 to Form 8-K filed on April 30, 2008).
3.2
Amended and Restated Certificate of Incorporation of Registrant, effective as of December 15, 2014 (incorporated by reference to Exhibit 3.2 to Form 8-K filed on December 24, 2014).
3.3
Bylaws of BayHill Capital Corporation, as adopted on May 12, 2008 (incorporated by reference to Exhibit 3.1 to Form 10-KSB filed on May 14, 2008)
 
PREVIOUSLY FILED EXHIBITS 10.1 THRU 10.40 ARE EXCLUDED HERE AS NO LONGER MATERIAL OR RELEVANT. SUCH EXHIBITS REMAIN ON FILE AND ARE AVAILABLE FROM THE COMPANY.
10.41
Stock Sale and Purchase Agreement dated June 20, 2014 by and between the Company and Ghana Journeys Limited. (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.42
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Soren Jonassen (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.43
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Rene Mikkelsen (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.44
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Robyn Farnsworth (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
 
 
10.45
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Peter Opata (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.46
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Peter Moeller (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.47
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Lars Nielsen (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.48
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and James U. Jensen (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.49
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Clearwater Law & Governance Group, LLC (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.50
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and John Thomas (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.51
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and John Knab (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.52
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Robert K. Bench (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.53
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Allan Kronborg (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.54
Settlement and Mutual Release Agreement dated June 12, 2014 by and between the Company and Andrew Goodwin (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
 
 
10.55
Settlement and Mutual Release Agreement dated June 20, 2014 by and between the Company and Stephen Abu Jr. African Heavy Equipment Limited, Ghana Journeys Limited (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.56
Subscription Agreement dated August 20, 2014 by and between the Company and World Wide Investment Fund, Ltd. (incorporated by reference as Exhibit 10.42 of the Company’s Annual Report for the year ended June 30, 2014 filed on Form 10-K on October 20, 2014)
10.57
Subscription Agreement dated October 2, 2014 by and between the Company and World Wide Investment Fund, Ltd. (Filed as Exhibit 10.1 to the Company’s Form 8-K filed with the Securities and Exchange Commission on October 8, 2014 and incorporated herein by reference)
10.58
Subscription Agreement dated October 2, 2014 by and between the Company and Stratega ApS. (Filed as Exhibit 10.2 to the Company’s Form 8-K filed with the Securities and Exchange Commission on October 8, 2014 and incorporated herein by reference)
10.59
Subscription Agreement dated October 2, 2014 by and between the Company and Brian Mertz. (Filed as Exhibit 10.3 to the Company’s Form 8-K filed with the Securities and Exchange Commission on October 8, 2014 and incorporated herein by reference)
10.60
Form of Common Stock Subscription Agreement by and among StrategaBiz, Inc. and certain purchasers dated on or about February 2015 (Filed as Exhibit 10.1 to Form 8-K filed with the Securities and Exchange Commission on February 23, 2015).
10.61
Share Exchange and Purchase Agreement between the Company, CryptoCorum Ltd., a Malta holding company (“CryptoCorum”) and its sole shareholder, LXCCoin Ventures Limited, a Cyprus limited company formerly known as Jeckelson Investments Limited (“LVL”) (Filed as Exhibit 10.1 to Form 8-K filed with the Securities and Exchange Commission on March 3, 2015)
14.1
Code of Business Conduct and Ethics, adopted May 12, 2008 (filed as Exhibit 14.1 to Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended June 30, 2008, filed September 12 and incorporated by reference).
31.1
Certification of Principal Executive Officer and Principal Financial Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a))
32.1
Certification of Principal Executive Officer  and Principal Financial Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
     
STRATEGABIZ, INC.
 
           
           
Date:
 May 14, 2015
 
By:
/s/ Robert K Bench
 
       
Robert K Bench, President
 
           

 
23

 
EX-31.1 2 ex311.htm EXHIBIT 31.1 ex311.htm

 
EXHIBIT 31.1
 
CERTIFICATION
 
      I, Robert K. Bench, certify that:
 
      1.   I have reviewed this Quarterly Report on Form 10-Q of StrategaBiz, Inc for the period ended March 31, 2015;
 
      2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
      3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
 
      4.   The small business issuer’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

(a)
 
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)
 
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)
 
Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)
 
Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and
 
      5.   The small business issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):
 
 (a)
 
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and

(b)
 
Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.
 
 
 
 
 Date: May 14, 2015
 
/s/ ROBERT K. BENCH                                                           
Robert K. Bench, Principal Financial Officer, President
StrategaBiz, Inc.
 
 
 
 
 

 
EX-32.1 3 ex321.htm EXHIBIT 32.1 ex321.htm

 
EXHIBIT 32.1
 
CERTIFICATION PURSUANT TO
 
18 U.S.C. §1350,
 
AS ADOPTED PURSUANT TO
 
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
 
In connection with the Quarterly Report of StrategaBiz, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert K. Bench, Principal Executive Officer and President of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 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.


May 14, 2015
/s/ ROBERT K. BENCH                                                             
Robert K. Bench, Principal Executive Officer, President
StrategaBiz, Inc.


 
 

 
EX-101.INS 4 sgbz-20150331.xml 7701 128657 132288 132285 132288 132285 21798 8345 158 104152 206207 125950 330497 125950 330497 367 109 6199418 5577675 -5775996 6338 -198212 132288 132285 0.0001 100000000 3672236 1088667 0.0001 400000 143207 275759 407563 862530 143207 275759 407563 862530 143207 275759 407563 862530 5128 2931 16822 4921 24367 12819 104514 -4921 -19239 -9888 -87692 -148128 -294998 -417451 -950221 -104086 -371516 -148128 -399084 -0.04 -0.47 -0.15 -1.51 -0.17 -0.59 -0.04 -0.64 -0.15 -2.11 3580825 629726 2699461 627414 -1321737 100001 369694 35000 44424 2736 53833 7701 13453 96290 -158 98744 -102055 520409 -135607 128657 73178 3000 128657 70178 487000 100000 28286 17500 87501 18000 371213 64500 120959 -929 3628 4770 124587 3841 476926 150000 58800 10-Q 2015-03-31 false STRATEGABIZ, INC. 0000726293 --06-30 3672236 Smaller Reporting Company Yes No No 2015 Q3 <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 1 &#151; THE COMPANY AND BASIS OF PRESENTATION</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Principles of Consolidation &#151; </i></b>The accompanying condensed consolidated financial statements for StrategaBiz, Inc. (formerly Agricon Global Corporation) (the &#147;Company&#148;) are presented in conformity with accounting principles generally accepted in the United States of America.&nbsp;&nbsp;Financial statements for the fiscal year ended June 30, 2014 include operations and balances of the Company together with its previously owned and operated wholly-owned subsidiaries Canola Properties Ghana Limited (&#147;CPGL&#148;) and Agricon SH Ghana Limited (&#147;ASHG&#148;), both Ghanaian limited liability companies.&nbsp;&nbsp;Intercompany balances and transactions have been eliminated in consolidation. In December 2013, CPGL discontinued its agricultural activities and transferred its remaining assets to ASHG. On June 20, 2014, all of the equity interests of the Company ASHG were sold.&nbsp;&nbsp;As a result, the Company no longer has any interest in the CPGL or ASHG, however, the operations of CPGL and ASHG are included in the consolidated statements of operations up to the date of discontinued activities and sale, respectively, and are classified as discontinued operations in both years presented.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Nature of Operations </i></b>&#151; Prior to the disposition of the equity interests of ASHG, all of the Company&#146;s business had been conducted through its two wholly-owned subsidiaries CPGL and ASHG.&nbsp;&nbsp;The Company&#146;s business activities to date had been organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural products.&nbsp;&nbsp;The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a &#147;shell corporation&#148; under SEC regulations.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Change in Corporate Name and Equity Structure </i></b>&#151; Effective December 15, 2014, the Company effected (i) a change in the name of the Company from &#147;Agricon Global Corporation&#148; to &#147;StrategaBiz, Inc.&#148;; and (ii) a reverse split of the Company&#146;s outstanding common stock on a basis of 1-for-30 and the rounding to the nearest share for fractional interests by filing an Amended and Restated Certificate of Incorporation with the Delaware Secretary of State.&nbsp;&nbsp;The name change and reverse split were approved by the holders of a majority of the Company&#146;s issued and outstanding common stock on November 7, 2014.&nbsp;&nbsp;On November 25, 2014 the Company filed with the Securities and Exchange Commission, and the Company&#146;s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the stockholders of the corporate actions.&nbsp;&nbsp;The Company&#146;s common stock began trading on January 15, 2015 on a post-split basis under the symbol &#147;SGBZ.&#148; All share and per-share amounts included in these consolidated financial statements (including pre-reverse stock split shares) have been restated to reflect the 1-for-30 reverse stock split.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 2 &#150; GOING CONCERN</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern.&nbsp;&nbsp;As shown in the accompanying condensed consolidated financial statements, the Company incurred a net loss of $417,451 for the nine months ended March 31, 2015 and has an accumulated deficit of $6,193,447 as of March 31, 2015.&nbsp;&nbsp;The Company also used cash in operating activities of $378,911 during the nine months ended March 31, 2015.&nbsp;&nbsp;At March 31, 2015, the Company had working capital of $56,338.&nbsp;&nbsp; These factors raise substantial doubt about the Company&#146;s ability to continue as a going concern.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><font style='background:white'>In order for the Company to continue as a going concern, the Company expects to obtain additional debt and/or equity financing.&nbsp;&nbsp;The Company is </font>regularly and continually seeking additional funding from investors and from time to time is in various stages of negotiations.&nbsp;&nbsp;Nonetheless, to date the Company has not accomplished a financing of the size needed to put the Company on a stable operating basis. <font style='background:white'>There can be no assurance that the Company will be able to secure additional debt or equity financing, that it will be able to attain positive cash flow operations, or that, if it is successful in any of those actions, those actions will produce adequate cash flow to enable it to meet our future obligations. All of our existing financing arrangements are short-term. If the Company is unable to obtain additional debt and/or equity financing, it may be required to significantly reduce or cease operations.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 3 &#150; CHANGES IN MANAGEMENT AND DIRECTORS</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>On October 22, 2014 the Company filed an Information Statement pursuant to Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 thereunder, with a proposed change in the majority of the board of directors and an addition to management. The proposed change included the resignation of Rene Mikkelsen, Alan Kronborg, Robert Bench, and Peter Opata as directors, the appointment of Brian Mertz and Ole Segetty as directors and the appointment of Brian Mertz as Chief Executive Officer. These changes became effective on November 5, 2014.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 4 &#150; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Interim Financial Information&nbsp;</i></b>&#150; The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;).&nbsp;&nbsp;Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements.&nbsp;&nbsp;In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.&nbsp;&nbsp;The results of operations for the nine months ended March 31, 2015, may not be indicative of the results that may be expected for the year ending June 30, 2015.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company&#146;s Annual Report on Form 10-K for the year ended June 30, 2014. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Use of Estimates</i></b> &#150; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Significant estimates include estimated realizability of notes receivable, and realizability of deferred tax assets. Actual results could differ from those estimates.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Business Condition</i></b> &#150; The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a &#147;shell corporation&#148; under SEC regulations. The Company has begun to look for operating companies or other business opportunities to acquire.&nbsp;&nbsp;The ability of the Company to continue as a going concern is dependent on the success of that plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern (see Note 2&#151;Going Concern).</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Cash </i></b>&#150; The balance in Cash consists of cash reserves held in checking accounts.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Notes Receivable </i></b>&#150; During the nine months ended March 31, 2015 the remaining principal balance of the only note receivable was paid in full. See further discussion and disclosure in Note 5.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Basic and Diluted Loss Per Share</i></b> &#150; Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving no effect to potentially anti-dilutive issuable common shares.&nbsp;&nbsp;As of March 31, 2015 there were no outstanding options to purchase the Company&#146;s common shares.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Income Taxes</i></b> &#150; The Company accounts for income taxes pursuant to ASC 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.&nbsp;&nbsp;We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.&nbsp;&nbsp;Deferred tax assets and liabilities are measured using enacted tax rates 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.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>A valuation allowance is required to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to income tax liabilities as an income tax expense. There is no interest or penalties recognized in the statement of operations or accrued as of March 31, 2015. Tax years that remain subject to examination include 2010 through the current year.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Share-Based Compensation</i></b> &#150; The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a lattice model that values the options based on probability-weighted projections of the various potential outcomes. The intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all considerations under this model.&nbsp;&nbsp;If stock grants are related to a future performance condition, the Company recognizes compensation expense when the performance condition, leading to the issuance, becomes probable of occurring.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 5 &#150; NOTES RECEIVABLE</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On August 31, 2010, the Company sold its wholly-owned subsidiary, Commission River Corporation. As part of the payment for the sale, the Company was issued a secured negotiable promissory note receivable, in the amount of $490,000, with varying interest rates beginning at 6% and required monthly payments of $10,000 until its maturity on September 12, 2014.&nbsp;&nbsp;The remaining principal balance was paid in full on September 12, 2014.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 6 &#150;NOTES PAYABLE TO RELATED PARTIES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>The notes payable to related parties related to unpaid salaries that were converted into notes payable.&nbsp;&nbsp;The remaining note was paid in full during the quarter ended March 31, 2015. </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The related party notes consisted of the following at March 31, 2015 and June 30, 2014:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='line-height:115%;margin-left:26.2pt;border-collapse:collapse'> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>March 31,</b></p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>June 30,</b></p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'><b>Note Holder</b></p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>2015</b></p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>2014</b></p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>ClearWater Law and Governance Group, LLC</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>$32,001</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>James U Jensen</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>25,954</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Robert K Bench</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>29,546</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Robyn Farnsworth (unsecured)</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>28,286</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>$115,787</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 7 &#150; SHARE BASED COMPENSATION</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On November 5, 2014 the board of directors approved a one-time payment of $50,000 to each of Messrs. Soren Jonassen and Ole Sigetty, the Company&#146;s outside board members and to Mr. Brian Mertz, the Company&#146;s Chief Executive Officer for their services through the end of the Company&#146;s fiscal year ending June 30, 2015. These amounts were paid by the issuance of 66,667 restricted shares of the Company&#146;s common stock, which were priced by the directors at $0.75 per share, which they deemed the appropriate market value at the time of issuance.&nbsp;&nbsp;The shares granted were not subject to vesting; the Company expensed the entire $100,001 as compensation expense through March 31, 2015 and the balance of&nbsp;&nbsp;$50,000 which is netted against Additional paid-in capital will be expensed during the quarter ending June 30, 2015.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 8 &#150; INCOME TAXES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>In evaluating the realizability of the net deferred tax assets, we take into account a number of factors, primarily relating to the ability to generate taxable income. Where it is determined that it is likely that we will be unable to realize deferred tax assets, a valuation allowance is established against the portion of the deferred tax asset. Because it cannot be accurately determined when or if we will become profitable, a valuation allowance was provided against the entire deferred income tax asset balance.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The 2010 through 2014 tax years remain open to examination by the Internal Revenue Service.&nbsp; These taxing authorities have the authority to examine those tax years until the applicable statute of limitations expire.&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The Company did not recognize any interest or penalties related to income taxes for the nine months ended March 31, 2015 and 2014.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 9 &#150; STOCKHOLDER&#146;S EQUITY</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><u>Preferred stock</u></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The Company has authorized 400,000 shares of preferred stock, with a par value of $0.0001 per share. As of March 31, 2015 and June 30, 2014, the Company did not have any preferred stock issued and outstanding.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><u>Common stock</u></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The Company has authorized 100,000,000 shares of common stock, with a par value of $0.0001 per share. As of March 31, 2015 and June 30, 2014, the Company had 3,672,236 and 1,088,667 (32,660,002 pre-split shares), respectively, shares of common stock issued and outstanding.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>From February 19, 2015 through March 10, 2015 the Company completed a private placement of 137,000 shares of its common stock for cash in the amount of $137,000 to five third party investors.</p> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On August 28, 2014 the Company completed a private placement of 314,286 (9,428,571 pre-split) shares of its common stock for cash in the amount of $50,000 to World Wide Investment Fund Ltd., a company controlled by Mr. Brian Mertz, a resident of Denmark.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On October 6, 2014 the Company issued 666,667 (20,000,000 pre-split) shares to World Wide Investment Fund Ltd., 333,333 (10,000,000 pre-split) shares to Stratega ApS, a company controlled by Mr. Mertz, and 885,714 (26,571,429 pre-split) shares to Mr. Brian Mertz, for a total purchase price of $300,000.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On December 2, 2014 the Company issued 66,667 shares to each of the following: Soren Jonassen, Ole Sigetty, and Brian Mertz in lieu of cash payments of $50,000 each.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On December 28, 2014 the Company issued 46,667 shares to Hugo Svaneeng Holdings ApS for the purchase of Domain names, which the board of directors valued at $35,000.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b>NOTE 10 - EXCHANGE AGREEMENT</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>On February 27, 2015, the Company signed a Share Exchange and Purchase Agreement (the &quot;Share Exchange Agreement&quot;), with CryptoCorum Ltd., a Malta holding company (&#147;CryptoCorum&#148;) and its sole shareholder, LXCCoin Ventures Limited, a Cyprus limited company formerly known as Jeckelson Investments Limited, pursuant to which the Company agreed to acquire 100% of the issued and outstanding equity securities in CryptoCorum in exchange for 10,500,000 shares of the Company&#146;s common stock par value $0.0001 per share (the &#147;Share Exchange&#148;).&nbsp;&nbsp;The closing (&#147;Closing&#148;) of the Share Exchange is scheduled to take place on May 17, 2015, or such other time as agreed upon the directors of the Company.&nbsp;&nbsp;Upon the Closing, the Company will own 100% of the outstanding equity interests of CryptoCorum.&nbsp;&nbsp;As a result of the Share Exchange, LVL, as the former shareholder of CryptoCorum, will become the controlling shareholder of the Company.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Interim Financial Information&nbsp;</i></b>&#150; The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;).&nbsp;&nbsp;Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements.&nbsp;&nbsp;In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.&nbsp;&nbsp;The results of operations for the nine months ended March 31, 2015, may not be indicative of the results that may be expected for the year ending June 30, 2015.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company&#146;s Annual Report on Form 10-K for the year ended June 30, 2014. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Use of Estimates</i></b> &#150; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Significant estimates include estimated realizability of notes receivable, and realizability of deferred tax assets. Actual results could differ from those estimates.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Business Condition</i></b> &#150; The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a &#147;shell corporation&#148; under SEC regulations. The Company has begun to look for operating companies or other business opportunities to acquire.&nbsp;&nbsp;The ability of the Company to continue as a going concern is dependent on the success of that plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern (see Note 2&#151;Going Concern).</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Cash </i></b>&#150; The balance in Cash consists of cash reserves held in checking accounts.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Notes Receivable </i></b>&#150; During the nine months ended March 31, 2015 the remaining principal balance of the only note receivable was paid in full. See further discussion and disclosure in Note 5.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Basic and Diluted Loss Per Share</i></b> &#150; Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving no effect to potentially anti-dilutive issuable common shares.&nbsp;&nbsp;As of March 31, 2015 there were no outstanding options to purchase the Company&#146;s common shares.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Income Taxes</i></b> &#150; The Company accounts for income taxes pursuant to ASC 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.&nbsp;&nbsp;We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.&nbsp;&nbsp;Deferred tax assets and liabilities are measured using enacted tax rates 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.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>A valuation allowance is required to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to income tax liabilities as an income tax expense. There is no interest or penalties recognized in the statement of operations or accrued as of March 31, 2015. Tax years that remain subject to examination include 2010 through the current year.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'><b><i>Share-Based Compensation</i></b> &#150; The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a lattice model that values the options based on probability-weighted projections of the various potential outcomes. The intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all considerations under this model.&nbsp;&nbsp;If stock grants are related to a future performance condition, the Company recognizes compensation expense when the performance condition, leading to the issuance, becomes probable of occurring.</p> <!--egx--> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The related party notes consisted of the following at March 31, 2015 and June 30, 2014:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='line-height:115%;margin-left:26.2pt;border-collapse:collapse'> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>March 31,</b></p> </td> <td width="88" valign="bottom" style='width:65.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>June 30,</b></p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'><b>Note Holder</b></p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>2015</b></p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>2014</b></p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>ClearWater Law and Governance Group, LLC</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>$32,001</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>James U Jensen</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>25,954</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Robert K Bench</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>29,546</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Robyn Farnsworth (unsecured)</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>28,286</p> </td> </tr> <tr align="left"> <td width="452" valign="bottom" style='width:339.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>-</p> </td> <td width="88" valign="bottom" style='width:65.9pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>$115,787</p> </td> </tr> </table> 1-for-30 reverse stock split -417451 -6193447 -378911 56338 490000 0.0600 monthly 10000 0 32001 0 25954 0 29546 0 28286 0 115787 50000 66667 0.75 100001 50000 400000 0.0001 100000000 3672236 1088667 32660002 137000 137000 314286 9428571 50000 666667 20000000 333333 10000000 885714 26571429 300000 66667 66667 50000 66667 50000 50000 46667 35000 1.0000 10500000 0.0001 0000726293 2014-07-01 2015-03-31 0000726293 2015-03-31 0000726293 2015-05-14 0000726293 2014-06-30 0000726293 2015-01-01 2015-03-31 0000726293 2014-01-01 2014-03-31 0000726293 2013-07-01 2014-03-31 0000726293 2013-06-30 0000726293 2014-03-31 0000726293 AGRC:CommissionRiverCorporationMember 2010-08-31 0000726293 AGRC:CommissionRiverCorporationMember 2015-03-31 0000726293 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Shares issued to pay principal and accrued interest of secured convertible notes payable Share-based compensation Loss from continuing operations Common Stock, shares outstanding Total Assets Total Assets Is Entity a Well-known Seasoned Issuer? Stock Issued, Shares, Issued for Cash Allocated Share-based Compensation Expense Basic and Diluted Loss Per Share Note 8 - Income Taxes Accretion of debt discount The accretion of debt discount. Basic and diluted loss per common share Preferred Stock, shares authorized Preferred Stock, par or stated value Current Liabilities World Wide Investment Fund Ltd., Class of Stock {1} Class of Stock Share Price Policies Notes Basic and diluted weighted average number of common shares outstanding Total Operating Expenses Total Operating Expenses LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Stockholders' Equity, Reverse Stock Split Schedule of Related Party Notes Payable Business Condition The disclosure of the condidtion of the reporting entity. Net Cash Provided by Financing Activities Net Cash Provided by Financing Activities Principal payments on notes receivable Entity Public Float Class of Stock Robert K. Bench Common Stock, par or stated value STOCKHOLDERS' EQUITY (DEFICIT) Document Fiscal Period Focus Pre-Split Shares Note 2 - Going Concern Conversion of accounts payable and accrued liabilities to notes payable Net Cash Used in Operating Activities Net Cash Used in Operating Activities Changes in operating assets and liabilities: Depreciation Net Loss Net Loss Net loss Current Assets Is Entity a Voluntary Filer? ClearWater Law and Governance Group, LLC Proceeds from issuance of common stock for cash From discontinued operations From continuing operations Interest income Selling, general and administrative Common Stock, shares issued Total Liabilities Total Liabilities Accounts payable, related parties Prepaid expenses ASSETS Shares Issued Pursuant to Share Exchange and Purchase Agreement Stratega ApS Common Stock Related Party {1} Related Party Statement {1} Statement Entity Tables/Schedules Shares issued for prepaid compensation Supplemental Disclosures of Cash Flow Information: Principal payments on secured convertible notes payable, related parties Principal payments on secured convertible notes payable, related parties Advance to vendor Advance to vendor Prepaid expenses {1} Prepaid expenses Total Other Income and Expense Total Other Income and Expense Commitments and Contingencies Notes payable, related parties CryptoCorum Ltd Equity Components Legal Entity Share-based Compensation {1} Share-based Compensation Cash {1} Cash Note 7 - Share Based Compensation Cash Flows From Financing Activities Loss from discontinued operations Preferred Stock, shares outstanding Common Stock, shares authorized Entity Registrant Name Document And Entity Information Robyn Farnsworth Related Party Note 5 - Notes Receivable Accrued liabilities {1} Accrued liabilities Operating Expenses: Total Liabilities and Stockholders' Equity (Deficit) Total Liabilities and Stockholders' Equity (Deficit) Accumulated deficit Current Fiscal Year End Date Percentage of Shares Acquired Pursuant to Share Exchange and Purchase Agreement Ole Sigetty Equity Component Note 4 - Summary of Significant Accounting Policies Statement of Cash Flows Income Statement Is Entity's Reporting Status Current? Stock Issued During Period, Shares, Issued for Services James U Jensen Note 1 - The Company and Basis of Presentation Net Increase (Decrease) in Cash Principal payments on unsecured notes payable, related parties Principal payments on unsecured notes payable, related parties Net Cash Provided by Investing Activities Net Cash Provided by Investing Activities Loss from Operations Loss from Operations Notes receivable Statement of Financial Position Stock Issued, Value, Issued for Cash Brian Mertz Cash Flows From Investing Activities Shares issued for domain names Total stockholders' equity (deficit) Total stockholders' equity (deficit) Preferred stock, $.0001 par value, 400,000 shares authorized; no shares issued and outstanding Total current assets Total current assets Cash Cash at Beginning of Period Cash at End of Period Statement Working Capital Working capital represents operating liquidity available to a business. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Net working capital is calculated as current assets minus current liabilities. Use of Estimates Note 10. Exchange Agreement The entire disclosure for the exchange agreement entered into by the reporting entity. Note 6 - Notes Payable To Related Parties Accounts payable, related party Accounts payable {1} Accounts payable Bad debt expense Other Income and Expense: Total current liabilities Total current liabilities Accrued liabilities Document Period End Date Document Type Entity Central Index Key EX-101.PRE 9 sgbz-20150331_pre.xml EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0`!@`(````(0#J;;DZQ@$``%<1```3``@"6T-O;G1E;G1?5'EP97-= M+GAM;""B!`(HH``"```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````#,F-]*PS`4QN\%WZ'D5M8L M];^L\V+JI0KJ`\3D;"U+DY!DNKV]IYT.D;DQ''AN&MHDY_LUE(]^9W`];TSV M!B'6SI9,Y'V6@55.UW92LI?GN]X%RV*25DOC+)1L`9%=#P\/!L\+#S'#W3:6 MK$K)7W$>506-C+GS8'%F[$(C$]Z&"?=23>4$>-'OGW'E;`*;>JFMP8:#&QC+ MF4G9[1P?+TD"F,BRT7)AJU4RZ;VIE4Q(RM^L_J'2^U3(<6>W)E:UCT>(P?A: MA7;F=X'/?0]X-*'6D#W*D.YE@QA\;OB["]-7YZ;YYB)K*-UX7"O03LT:/($\ M^@!2QPH@-2;OQKR1M?WBWJ#?+8Z\&\2>0=KWZPKOR%$0X3@FPG%"A..4",<9 M$8YS(AP71#@NB7"(/A40*HXJJ%BJH.*I@HJI"BJN*JC8JJ#BJX**L0HJSEI0 M<=:"BK,65)RUH.*LQ7\Y:\+8"+R[_OWKZ,ILR2TQ+0S$/?]K+(MN4ZYD`/V4 M`@;LO0-\K[V%0TFC1A4FS3T?PJKN)GV,OX_!^8B-@`"[`WPE_79WSV,A"*F& M5=9?EYE7BMA$V%WP1VB'MDVA0:_1YEU;9/@!``#__P,`4$L#!!0`!@`(```` M(0"U53`C]0```$P"```+``@"7W)E;',O+G)E;',@H@0"**```@`````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````C)+/3L,P#,;O2+Q#Y/OJ;D@(H:6[3$B[(50>P"3N'[6-HR1` M]_:$`X)*8]O1]N?//UO>[N9I5!\<8B].P[HH0;$S8GO7:GBMGU8/H&(B9VD4 MQQJ.'&%7W=YL7WBDE)MBU_NHLHN+&KJ4_"-B-!U/%`OQ['*ED3!1RF%HT9,9 MJ&74"T\U<%J"`=[!ZH^^CSYLK$SO+=N5# M9@NIS]NHFD++28,5\YS3$$X4UD^&'!Q0]47P```/__`P!02P,$%``&``@````A`(96 M?W*L`0``#!```!H`"`%X;"]?S%X-6>#7,S*Y6J\UG MVR3ORKK:Z(S!*&6)TKDI:EUF['7W=+=@B?-2%[(Q6F7LJ!S;K&]O5L^JD3[\ MY*JZ\Y=7JE6NI'IE`X[>V-;ZY>C3Y6ZNT_^4(_F'LP55*^9!4VE+YC,60 MXZ>=Q2@@9OQW,#`F1@-C%`XU.8"R(V9#LN/\L0EFBT)]KS$ZJ,5!M1$P)!G1 MI3T?,70VK@",FSDQFCD&!@0Q&A`H'&IR`&5'3(=DQX=6K'K7G);\]$7]0JT0 M+M"@C2463L]*#)UK"6:87T2X)$GO))%B<*@;#>H;:J50H8"<&I0;,:'VS03S MS:!M)E;0WT4UQ<``-1I`X0CJ64+@P\2@@UXNF_RADK7NM8HA5"/JO@=XWUL2 MEQ,L,7:HBQNM;6IJ4&:`FAI`N1'DLPTZW(A!IT]72:N*%V_#`_[R\709_G$Q MOWK#K[\```#__P,`4$L#!!0`!@`(````(0#&O,YH^`(``'L(```/````>&PO M=V]R:V)O;VLN>&ULE)9?;]HP%,7?)^T[1'E?\P\H5(6*`MN06EH-UCY:;F*( MU<3.;%/@V^_&E'"!(-$GX@3_./?<X\EV'B5@F7"RZ M[M_9SQ]MU]&&BH1F4K"NNV':O>M]_W:[DNK]3KBGQ63L+F=)F9&92WHX-?82,,6^4W2RM>.%OI_:9RZ:Q? 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Note 4 - Summary of Significant Accounting Policies
9 Months Ended
Mar. 31, 2015
Notes  
Note 4 - Summary of Significant Accounting Policies

NOTE 4 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Interim Financial Information – The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”).  Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.  The results of operations for the nine months ended March 31, 2015, may not be indicative of the results that may be expected for the year ending June 30, 2015.

 

These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.

 

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include estimated realizability of notes receivable, and realizability of deferred tax assets. Actual results could differ from those estimates.

 

Business Condition – The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a “shell corporation” under SEC regulations. The Company has begun to look for operating companies or other business opportunities to acquire.  The ability of the Company to continue as a going concern is dependent on the success of that plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern (see Note 2—Going Concern).

 

Cash – The balance in Cash consists of cash reserves held in checking accounts.

 

Notes Receivable – During the nine months ended March 31, 2015 the remaining principal balance of the only note receivable was paid in full. See further discussion and disclosure in Note 5.

 

Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving no effect to potentially anti-dilutive issuable common shares.  As of March 31, 2015 there were no outstanding options to purchase the Company’s common shares.

 

Income Taxes – The Company accounts for income taxes pursuant to ASC 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.  We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years.

 

All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates 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 to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to income tax liabilities as an income tax expense. There is no interest or penalties recognized in the statement of operations or accrued as of March 31, 2015. Tax years that remain subject to examination include 2010 through the current year.

 

Share-Based Compensation – The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a lattice model that values the options based on probability-weighted projections of the various potential outcomes. The intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all considerations under this model.  If stock grants are related to a future performance condition, the Company recognizes compensation expense when the performance condition, leading to the issuance, becomes probable of occurring.

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Note 3 - Changes in Management and Directors
9 Months Ended
Mar. 31, 2015
Notes  
Note 3 - Changes in Management and Directors

NOTE 3 – CHANGES IN MANAGEMENT AND DIRECTORS

 

On October 22, 2014 the Company filed an Information Statement pursuant to Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 thereunder, with a proposed change in the majority of the board of directors and an addition to management. The proposed change included the resignation of Rene Mikkelsen, Alan Kronborg, Robert Bench, and Peter Opata as directors, the appointment of Brian Mertz and Ole Segetty as directors and the appointment of Brian Mertz as Chief Executive Officer. These changes became effective on November 5, 2014.

XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Jun. 30, 2014
Current Assets    
Cash $ 124,587us-gaap_Cash $ 3,628us-gaap_Cash
Prepaid expenses 7,701us-gaap_PrepaidExpenseCurrent  
Notes receivable   128,657us-gaap_NotesAndLoansReceivableNetCurrent
Total current assets 132,288us-gaap_AssetsCurrent 132,285us-gaap_AssetsCurrent
Total Assets 132,288us-gaap_Assets 132,285us-gaap_Assets
Current Liabilities    
Accounts payable 21,798us-gaap_AccountsPayableCurrent 8,345us-gaap_AccountsPayableCurrent
Accounts payable, related parties   158us-gaap_AccountsPayableRelatedPartiesCurrent
Accrued liabilities 104,152us-gaap_AccruedLiabilitiesCurrent 206,207us-gaap_AccruedLiabilitiesCurrent
Notes payable, related parties 0us-gaap_NotesPayableRelatedPartiesClassifiedCurrent 115,787us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
Total current liabilities 125,950us-gaap_LiabilitiesCurrent 330,497us-gaap_LiabilitiesCurrent
Total Liabilities 125,950us-gaap_Liabilities 330,497us-gaap_Liabilities
Commitments and Contingencies      
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares issued and outstanding      
Common stock $.0001 par value, 100,000,000 shares authorized; 3,672,236 shares issued and outstanding at March 31, 2015 and 1,088,667 shares issued and outstanding at June 30, 2014 367us-gaap_CommonStockValueOutstanding 109us-gaap_CommonStockValueOutstanding
Additional paid-in capital 6,199,418us-gaap_AdditionalPaidInCapital 5,577,675us-gaap_AdditionalPaidInCapital
Accumulated deficit (6,193,447)us-gaap_RetainedEarningsAccumulatedDeficit (5,775,996)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity (deficit) 6,338us-gaap_StockholdersEquity (198,212)us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity (Deficit) $ 132,288us-gaap_LiabilitiesAndStockholdersEquity $ 132,285us-gaap_LiabilitiesAndStockholdersEquity
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 1 - The Company and Basis of Presentation
9 Months Ended
Mar. 31, 2015
Notes  
Note 1 - The Company and Basis of Presentation

NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION

 

Principles of Consolidation — The accompanying condensed consolidated financial statements for StrategaBiz, Inc. (formerly Agricon Global Corporation) (the “Company”) are presented in conformity with accounting principles generally accepted in the United States of America.  Financial statements for the fiscal year ended June 30, 2014 include operations and balances of the Company together with its previously owned and operated wholly-owned subsidiaries Canola Properties Ghana Limited (“CPGL”) and Agricon SH Ghana Limited (“ASHG”), both Ghanaian limited liability companies.  Intercompany balances and transactions have been eliminated in consolidation. In December 2013, CPGL discontinued its agricultural activities and transferred its remaining assets to ASHG. On June 20, 2014, all of the equity interests of the Company ASHG were sold.  As a result, the Company no longer has any interest in the CPGL or ASHG, however, the operations of CPGL and ASHG are included in the consolidated statements of operations up to the date of discontinued activities and sale, respectively, and are classified as discontinued operations in both years presented.

 

Nature of Operations — Prior to the disposition of the equity interests of ASHG, all of the Company’s business had been conducted through its two wholly-owned subsidiaries CPGL and ASHG.  The Company’s business activities to date had been organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural products.  The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a “shell corporation” under SEC regulations.

 

Change in Corporate Name and Equity Structure — Effective December 15, 2014, the Company effected (i) a change in the name of the Company from “Agricon Global Corporation” to “StrategaBiz, Inc.”; and (ii) a reverse split of the Company’s outstanding common stock on a basis of 1-for-30 and the rounding to the nearest share for fractional interests by filing an Amended and Restated Certificate of Incorporation with the Delaware Secretary of State.  The name change and reverse split were approved by the holders of a majority of the Company’s issued and outstanding common stock on November 7, 2014.  On November 25, 2014 the Company filed with the Securities and Exchange Commission, and the Company’s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the stockholders of the corporate actions.  The Company’s common stock began trading on January 15, 2015 on a post-split basis under the symbol “SGBZ.” All share and per-share amounts included in these consolidated financial statements (including pre-reverse stock split shares) have been restated to reflect the 1-for-30 reverse stock split.

XML 18 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 7 - Share Based Compensation (Details) (USD $)
9 Months Ended
Mar. 31, 2015
Allocated Share-based Compensation Expense $ 100,001us-gaap_AllocatedShareBasedCompensationExpense
Common Stock  
Stock Issued During Period, Value, Issued for Services 50,000us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Stock Issued During Period, Shares, Issued for Services 66,667us-gaap_StockIssuedDuringPeriodSharesIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Share Price $ 0.75us-gaap_SharePrice
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Compensation Cost Not yet Recognized $ 50,000us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
XML 19 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 10. Exchange Agreement (Details) (USD $)
9 Months Ended
Mar. 31, 2015
Jun. 30, 2014
Common Stock, par or stated value 0.0001us-gaap_CommonStockParOrStatedValuePerShare $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare
Common Stock | CryptoCorum Ltd    
Percentage of Shares Acquired Pursuant to Share Exchange and Purchase Agreement 100.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ dei_LegalEntityAxis
= AGRC_CryptocorumLtdMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
 
Shares Issued Pursuant to Share Exchange and Purchase Agreement 10,500,000us-gaap_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
/ dei_LegalEntityAxis
= AGRC_CryptocorumLtdMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
 
XML 20 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 21 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 2 - Going Concern
9 Months Ended
Mar. 31, 2015
Notes  
Note 2 - Going Concern

NOTE 2 – GOING CONCERN

 

The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern.  As shown in the accompanying condensed consolidated financial statements, the Company incurred a net loss of $417,451 for the nine months ended March 31, 2015 and has an accumulated deficit of $6,193,447 as of March 31, 2015.  The Company also used cash in operating activities of $378,911 during the nine months ended March 31, 2015.  At March 31, 2015, the Company had working capital of $56,338.   These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

In order for the Company to continue as a going concern, the Company expects to obtain additional debt and/or equity financing.  The Company is regularly and continually seeking additional funding from investors and from time to time is in various stages of negotiations.  Nonetheless, to date the Company has not accomplished a financing of the size needed to put the Company on a stable operating basis. There can be no assurance that the Company will be able to secure additional debt or equity financing, that it will be able to attain positive cash flow operations, or that, if it is successful in any of those actions, those actions will produce adequate cash flow to enable it to meet our future obligations. All of our existing financing arrangements are short-term. If the Company is unable to obtain additional debt and/or equity financing, it may be required to significantly reduce or cease operations.

XML 22 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
Mar. 31, 2015
Jun. 30, 2014
Statement of Financial Position    
Common Stock, par or stated value $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare
Common Stock, shares authorized 100,000,000us-gaap_CommonStockSharesAuthorized 100,000,000us-gaap_CommonStockSharesAuthorized
Common Stock, shares issued 3,672,236us-gaap_CommonStockSharesIssued 1,088,667us-gaap_CommonStockSharesIssued
Common Stock, shares outstanding 3,672,236us-gaap_CommonStockSharesOutstanding 1,088,667us-gaap_CommonStockSharesOutstanding
Preferred Stock, par or stated value $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare
Preferred Stock, shares authorized 400,000us-gaap_PreferredStockSharesAuthorized 400,000us-gaap_PreferredStockSharesAuthorized
Preferred Stock, shares issued      
Preferred Stock, shares outstanding      
XML 23 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 6 - Notes Payable To Related Parties: Schedule of Related Party Notes Payable (Tables)
9 Months Ended
Mar. 31, 2015
Tables/Schedules  
Schedule of Related Party Notes Payable

The related party notes consisted of the following at March 31, 2015 and June 30, 2014:

 

 

 

 

 

March 31,

June 30,

Note Holder

2015

2014

ClearWater Law and Governance Group, LLC

-

$32,001

James U Jensen

-

25,954

Robert K Bench

-

29,546

Robyn Farnsworth (unsecured)

-

28,286

Total

-

$115,787

XML 24 R1.htm IDEA: XBRL DOCUMENT v2.4.1.9
Document and Entity Information
9 Months Ended
Mar. 31, 2015
May 14, 2015
Document And Entity Information    
Entity Registrant Name STRATEGABIZ, INC.  
Entity Central Index Key 0000726293  
Document Type 10-Q  
Document Period End Date Mar. 31, 2015  
Amendment Flag false  
Current Fiscal Year End Date --06-30  
Is Entity a Well-known Seasoned Issuer? No  
Is Entity a Voluntary Filer? No  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   3,672,236dei_EntityCommonStockSharesOutstanding
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2015  
XML 25 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 1 - The Company and Basis of Presentation (Details)
9 Months Ended
Mar. 31, 2015
Details  
Stockholders' Equity, Reverse Stock Split 1-for-30 reverse stock split
XML 26 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Operating Expenses:        
Selling, general and administrative $ 143,207us-gaap_SellingGeneralAndAdministrativeExpense $ 275,759us-gaap_SellingGeneralAndAdministrativeExpense $ 407,563us-gaap_SellingGeneralAndAdministrativeExpense $ 862,530us-gaap_SellingGeneralAndAdministrativeExpense
Total Operating Expenses 143,207us-gaap_OperatingExpenses 275,759us-gaap_OperatingExpenses 407,563us-gaap_OperatingExpenses 862,530us-gaap_OperatingExpenses
Loss from Operations 143,207us-gaap_OperatingIncomeLoss 275,759us-gaap_OperatingIncomeLoss 407,563us-gaap_OperatingIncomeLoss 862,530us-gaap_OperatingIncomeLoss
Other Income and Expense:        
Interest income   5,128us-gaap_InvestmentIncomeInterest 2,931us-gaap_InvestmentIncomeInterest 16,822us-gaap_InvestmentIncomeInterest
Interest expense (4,921)us-gaap_InterestExpense (24,367)us-gaap_InterestExpense (12,819)us-gaap_InterestExpense (104,514)us-gaap_InterestExpense
Total Other Income and Expense (4,921)us-gaap_OtherNonoperatingIncomeExpense (19,239)us-gaap_OtherNonoperatingIncomeExpense (9,888)us-gaap_OtherNonoperatingIncomeExpense (87,692)us-gaap_OtherNonoperatingIncomeExpense
Loss from continuing operations (148,128)us-gaap_IncomeLossFromContinuingOperations (294,998)us-gaap_IncomeLossFromContinuingOperations (417,451)us-gaap_IncomeLossFromContinuingOperations (950,221)us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations   (104,086)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax   (371,516)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net Loss $ (148,128)us-gaap_ProfitLoss $ (399,084)us-gaap_ProfitLoss $ (417,451)us-gaap_ProfitLoss $ (1,321,737)us-gaap_ProfitLoss
Basic and diluted loss per common share        
From continuing operations $ (0.04)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (0.47)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (0.15)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (1.51)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
From discontinued operations   $ (0.17)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare   $ (0.59)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
Total $ (0.04)us-gaap_EarningsPerShareBasicAndDiluted $ (0.64)us-gaap_EarningsPerShareBasicAndDiluted $ (0.15)us-gaap_EarningsPerShareBasicAndDiluted $ (2.11)us-gaap_EarningsPerShareBasicAndDiluted
Basic and diluted weighted average number of common shares outstanding 3,580,825us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 629,726us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 2,699,461us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 627,414us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
XML 27 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 7 - Share Based Compensation
9 Months Ended
Mar. 31, 2015
Notes  
Note 7 - Share Based Compensation

NOTE 7 – SHARE BASED COMPENSATION

 

On November 5, 2014 the board of directors approved a one-time payment of $50,000 to each of Messrs. Soren Jonassen and Ole Sigetty, the Company’s outside board members and to Mr. Brian Mertz, the Company’s Chief Executive Officer for their services through the end of the Company’s fiscal year ending June 30, 2015. These amounts were paid by the issuance of 66,667 restricted shares of the Company’s common stock, which were priced by the directors at $0.75 per share, which they deemed the appropriate market value at the time of issuance.  The shares granted were not subject to vesting; the Company expensed the entire $100,001 as compensation expense through March 31, 2015 and the balance of  $50,000 which is netted against Additional paid-in capital will be expensed during the quarter ending June 30, 2015.

XML 28 R11.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 6 - Notes Payable To Related Parties
9 Months Ended
Mar. 31, 2015
Notes  
Note 6 - Notes Payable To Related Parties

NOTE 6 –NOTES PAYABLE TO RELATED PARTIES

 

The notes payable to related parties related to unpaid salaries that were converted into notes payable.  The remaining note was paid in full during the quarter ended March 31, 2015.

The related party notes consisted of the following at March 31, 2015 and June 30, 2014:

 

 

 

 

 

March 31,

June 30,

Note Holder

2015

2014

ClearWater Law and Governance Group, LLC

-

$32,001

James U Jensen

-

25,954

Robert K Bench

-

29,546

Robyn Farnsworth (unsecured)

-

28,286

Total

-

$115,787

XML 29 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 9 - Stockholder's Equity (Details) (USD $)
0 Months Ended 1 Months Ended 9 Months Ended 0 Months Ended
Oct. 06, 2014
Mar. 10, 2015
Mar. 31, 2015
Aug. 28, 2014
Jun. 30, 2014
Preferred Stock, shares authorized     400,000us-gaap_PreferredStockSharesAuthorized   400,000us-gaap_PreferredStockSharesAuthorized
Preferred Stock, par or stated value     $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare   $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare
Preferred Stock, shares outstanding            
Common Stock, shares authorized     100,000,000us-gaap_CommonStockSharesAuthorized   100,000,000us-gaap_CommonStockSharesAuthorized
Common Stock, par or stated value     $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare   $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare
Common Stock, shares outstanding     3,672,236us-gaap_CommonStockSharesOutstanding   1,088,667us-gaap_CommonStockSharesOutstanding
Common Stock          
Stock Issued, Shares, Issued for Cash   137,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Stock Issued, Value, Issued for Cash $ 300,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 137,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common Stock | Brian Mertz          
Stock Issued, Shares, Issued for Cash 885,714us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_BrianMertzMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  66,667us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_BrianMertzMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock Issued, Value, Issued for Cash     50,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_BrianMertzMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Common Stock | Soren Jonassen          
Stock Issued, Shares, Issued for Cash     66,667us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_SorenJonassenMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock Issued, Value, Issued for Cash     50,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_SorenJonassenMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Common Stock | Ole Sigetty          
Stock Issued, Shares, Issued for Cash     66,667us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_OleSigettyMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock Issued, Value, Issued for Cash     50,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_OleSigettyMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Common Stock | World Wide Investment Fund Ltd.,          
Stock Issued, Shares, Issued for Cash 666,667us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_WorldWideInvestmentFundLtdMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
    314,286us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_WorldWideInvestmentFundLtdMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
 
Stock Issued, Value, Issued for Cash       50,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ dei_LegalEntityAxis
= AGRC_WorldWideInvestmentFundLtdMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
 
Common Stock | Stratega ApS          
Stock Issued, Shares, Issued for Cash 333,333us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_StrategaApsMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Common Stock | Hugo Svaneeng Holdings ApS          
Stock Issued, Shares, Issued for Cash     46,667us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_HugoSvaneengHoldingsApsMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock Issued, Value, Issued for Cash     $ 35,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ dei_LegalEntityAxis
= AGRC_HugoSvaneengHoldingsApsMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Pre-Split Shares          
Common Stock, shares outstanding         32,660,002us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= AGRC_PreSplitSharesMember
Pre-Split Shares | Common Stock | Brian Mertz          
Stock Issued, Shares, Issued for Cash 26,571,429us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_BrianMertzMember
/ us-gaap_StatementClassOfStockAxis
= AGRC_PreSplitSharesMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Pre-Split Shares | Common Stock | World Wide Investment Fund Ltd.,          
Stock Issued, Shares, Issued for Cash 20,000,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_WorldWideInvestmentFundLtdMember
/ us-gaap_StatementClassOfStockAxis
= AGRC_PreSplitSharesMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
    9,428,571us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_WorldWideInvestmentFundLtdMember
/ us-gaap_StatementClassOfStockAxis
= AGRC_PreSplitSharesMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
 
Pre-Split Shares | Common Stock | Stratega ApS          
Stock Issued, Shares, Issued for Cash 10,000,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ dei_LegalEntityAxis
= AGRC_StrategaApsMember
/ us-gaap_StatementClassOfStockAxis
= AGRC_PreSplitSharesMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
XML 30 R19.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 2 - Going Concern (Details) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Jun. 30, 2014
Details          
Net loss $ (148,128)us-gaap_ProfitLoss $ (399,084)us-gaap_ProfitLoss $ (417,451)us-gaap_ProfitLoss $ (1,321,737)us-gaap_ProfitLoss  
Accumulated deficit (6,193,447)us-gaap_RetainedEarningsAccumulatedDeficit   (6,193,447)us-gaap_RetainedEarningsAccumulatedDeficit   (5,775,996)us-gaap_RetainedEarningsAccumulatedDeficit
Net Cash Used in Operating Activities     (378,911)us-gaap_NetCashProvidedByUsedInOperatingActivities (135,607)us-gaap_NetCashProvidedByUsedInOperatingActivities  
Working Capital $ 56,338AGRC_WorkingCapital   $ 56,338AGRC_WorkingCapital    
XML 31 R15.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 10. Exchange Agreement
9 Months Ended
Mar. 31, 2015
Notes  
Note 10. Exchange Agreement

NOTE 10 - EXCHANGE AGREEMENT

 

On February 27, 2015, the Company signed a Share Exchange and Purchase Agreement (the "Share Exchange Agreement"), with CryptoCorum Ltd., a Malta holding company (“CryptoCorum”) and its sole shareholder, LXCCoin Ventures Limited, a Cyprus limited company formerly known as Jeckelson Investments Limited, pursuant to which the Company agreed to acquire 100% of the issued and outstanding equity securities in CryptoCorum in exchange for 10,500,000 shares of the Company’s common stock par value $0.0001 per share (the “Share Exchange”).  The closing (“Closing”) of the Share Exchange is scheduled to take place on May 17, 2015, or such other time as agreed upon the directors of the Company.  Upon the Closing, the Company will own 100% of the outstanding equity interests of CryptoCorum.  As a result of the Share Exchange, LVL, as the former shareholder of CryptoCorum, will become the controlling shareholder of the Company.

XML 32 R13.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 8 - Income Taxes
9 Months Ended
Mar. 31, 2015
Notes  
Note 8 - Income Taxes

NOTE 8 – INCOME TAXES

 

In evaluating the realizability of the net deferred tax assets, we take into account a number of factors, primarily relating to the ability to generate taxable income. Where it is determined that it is likely that we will be unable to realize deferred tax assets, a valuation allowance is established against the portion of the deferred tax asset. Because it cannot be accurately determined when or if we will become profitable, a valuation allowance was provided against the entire deferred income tax asset balance.

 

The 2010 through 2014 tax years remain open to examination by the Internal Revenue Service.  These taxing authorities have the authority to examine those tax years until the applicable statute of limitations expire. 

 

The Company did not recognize any interest or penalties related to income taxes for the nine months ended March 31, 2015 and 2014.

XML 33 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 9 - Stockholder's Equity
9 Months Ended
Mar. 31, 2015
Notes  
Note 9 - Stockholder's Equity

NOTE 9 – STOCKHOLDER’S EQUITY

 

Preferred stock

 

The Company has authorized 400,000 shares of preferred stock, with a par value of $0.0001 per share. As of March 31, 2015 and June 30, 2014, the Company did not have any preferred stock issued and outstanding.

 

Common stock

 

The Company has authorized 100,000,000 shares of common stock, with a par value of $0.0001 per share. As of March 31, 2015 and June 30, 2014, the Company had 3,672,236 and 1,088,667 (32,660,002 pre-split shares), respectively, shares of common stock issued and outstanding.

 

From February 19, 2015 through March 10, 2015 the Company completed a private placement of 137,000 shares of its common stock for cash in the amount of $137,000 to five third party investors.

 

On August 28, 2014 the Company completed a private placement of 314,286 (9,428,571 pre-split) shares of its common stock for cash in the amount of $50,000 to World Wide Investment Fund Ltd., a company controlled by Mr. Brian Mertz, a resident of Denmark.

 

On October 6, 2014 the Company issued 666,667 (20,000,000 pre-split) shares to World Wide Investment Fund Ltd., 333,333 (10,000,000 pre-split) shares to Stratega ApS, a company controlled by Mr. Mertz, and 885,714 (26,571,429 pre-split) shares to Mr. Brian Mertz, for a total purchase price of $300,000.

 

On December 2, 2014 the Company issued 66,667 shares to each of the following: Soren Jonassen, Ole Sigetty, and Brian Mertz in lieu of cash payments of $50,000 each.

 

On December 28, 2014 the Company issued 46,667 shares to Hugo Svaneeng Holdings ApS for the purchase of Domain names, which the board of directors valued at $35,000.

XML 34 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 4 - Summary of Significant Accounting Policies (Policies)
9 Months Ended
Mar. 31, 2015
Policies  
Interim Financial Information

Interim Financial Information – The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”).  Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.  The results of operations for the nine months ended March 31, 2015, may not be indicative of the results that may be expected for the year ending June 30, 2015.

 

These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.

Use of Estimates

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include estimated realizability of notes receivable, and realizability of deferred tax assets. Actual results could differ from those estimates.

Business Condition

Business Condition – The Company discontinued all business activities on June 20, 2014 and as of March 31, 2015 was a “shell corporation” under SEC regulations. The Company has begun to look for operating companies or other business opportunities to acquire.  The ability of the Company to continue as a going concern is dependent on the success of that plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern (see Note 2—Going Concern).

Cash

Cash – The balance in Cash consists of cash reserves held in checking accounts.

Notes Receivable

Notes Receivable – During the nine months ended March 31, 2015 the remaining principal balance of the only note receivable was paid in full. See further discussion and disclosure in Note 5.

Basic and Diluted Loss Per Share

Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving no effect to potentially anti-dilutive issuable common shares.  As of March 31, 2015 there were no outstanding options to purchase the Company’s common shares.

Income Taxes

Income Taxes – The Company accounts for income taxes pursuant to ASC 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.  We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years.

 

All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates 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 to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to income tax liabilities as an income tax expense. There is no interest or penalties recognized in the statement of operations or accrued as of March 31, 2015. Tax years that remain subject to examination include 2010 through the current year.

Share-based Compensation

Share-Based Compensation – The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a lattice model that values the options based on probability-weighted projections of the various potential outcomes. The intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all considerations under this model.  If stock grants are related to a future performance condition, the Company recognizes compensation expense when the performance condition, leading to the issuance, becomes probable of occurring.

XML 35 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 6 - Notes Payable To Related Parties: Schedule of Related Party Notes Payable (Details) (USD $)
Mar. 31, 2015
Jun. 30, 2014
Notes payable, related parties $ 0us-gaap_NotesPayableRelatedPartiesClassifiedCurrent $ 115,787us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
ClearWater Law and Governance Group, LLC    
Notes payable, related parties 0us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_ClearwaterlawandgovernancegroupllcMember
32,001us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_ClearwaterlawandgovernancegroupllcMember
James U Jensen    
Notes payable, related parties 0us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_JamesUJensenMember
25,954us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_JamesUJensenMember
Robert K. Bench    
Notes payable, related parties 0us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_RobertKBenchMember
29,546us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_RobertKBenchMember
Robyn Farnsworth    
Notes payable, related parties $ 0us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_RobynFarnsworthMember
$ 28,286us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= AGRC_RobynFarnsworthMember
XML 36 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows From Operating Activities    
Net loss $ (417,451)us-gaap_ProfitLoss $ (1,321,737)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 100,001us-gaap_ShareBasedCompensation 369,694us-gaap_ShareBasedCompensation
Shares issued for domain names 35,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims  
Accretion of debt discount   44,424AGRC_AccretionOfDebtDiscount
Depreciation   2,736us-gaap_Depreciation
Bad debt expense   53,833us-gaap_ProvisionForDoubtfulAccounts
Prepaid expenses (7,701)us-gaap_IncreaseDecreaseInPrepaidExpense  
Accounts payable 13,453us-gaap_IncreaseDecreaseInAccountsPayable 96,290us-gaap_IncreaseDecreaseInAccountsPayable
Accounts payable, related party (158)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties 98,744us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties
Accrued liabilities (102,055)us-gaap_IncreaseDecreaseInAccruedLiabilities 520,409us-gaap_IncreaseDecreaseInAccruedLiabilities
Net Cash Used in Operating Activities (378,911)us-gaap_NetCashProvidedByUsedInOperatingActivities (135,607)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows From Investing Activities    
Principal payments on notes receivable 128,657us-gaap_ProceedsFromCollectionOfNotesReceivable 73,178us-gaap_ProceedsFromCollectionOfNotesReceivable
Advance to vendor   (3,000)us-gaap_PaymentsToSuppliers
Net Cash Provided by Investing Activities 128,657us-gaap_NetCashProvidedByUsedInInvestingActivities 70,178us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows From Financing Activities    
Proceeds from issuance of common stock for cash 487,000us-gaap_ProceedsFromIssuanceOfCommonStock 100,000us-gaap_ProceedsFromIssuanceOfCommonStock
Principal payments on unsecured notes payable, related parties (28,286)us-gaap_RepaymentsOfUnsecuredDebt (17,500)us-gaap_RepaymentsOfUnsecuredDebt
Principal payments on secured convertible notes payable, related parties (87,501)us-gaap_RepaymentsOfSecuredDebt (18,000)us-gaap_RepaymentsOfSecuredDebt
Net Cash Provided by Financing Activities 371,213us-gaap_NetCashProvidedByUsedInFinancingActivities 64,500us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Increase (Decrease) in Cash 120,959us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (929)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at Beginning of Period 3,628us-gaap_Cash 4,770us-gaap_Cash
Cash at End of Period 124,587us-gaap_Cash 3,841us-gaap_Cash
Supplemental Disclosures of Cash Flow Information:    
Conversion of accounts payable and accrued liabilities to notes payable   476,926us-gaap_NotesAssumed1
Shares issued for prepaid compensation 150,000us-gaap_StockIssued1  
Shares issued to pay principal and accrued interest of secured convertible notes payable   $ 58,800us-gaap_DebtConversionOriginalDebtAmount1
XML 37 R10.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 5 - Notes Receivable
9 Months Ended
Mar. 31, 2015
Notes  
Note 5 - Notes Receivable

NOTE 5 – NOTES RECEIVABLE

 

On August 31, 2010, the Company sold its wholly-owned subsidiary, Commission River Corporation. As part of the payment for the sale, the Company was issued a secured negotiable promissory note receivable, in the amount of $490,000, with varying interest rates beginning at 6% and required monthly payments of $10,000 until its maturity on September 12, 2014.  The remaining principal balance was paid in full on September 12, 2014.

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Note 5 - Notes Receivable (Details) (Commission River Corporation, USD $)
9 Months Ended
Mar. 31, 2015
Aug. 31, 2010
Commission River Corporation
   
Debt Instrument, Face Amount   $ 490,000us-gaap_DebtInstrumentFaceAmount
/ dei_LegalEntityAxis
= AGRC_CommissionRiverCorporationMember
Debt Instrument, Interest Rate, Stated Percentage 6.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ dei_LegalEntityAxis
= AGRC_CommissionRiverCorporationMember
 
Debt Instrument, Frequency of Periodic Payment monthly  
Required monthly payments $ 10,000us-gaap_DebtInstrumentPeriodicPayment
/ dei_LegalEntityAxis
= AGRC_CommissionRiverCorporationMember