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.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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