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Short-Term Debt-Related Parties
3 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
SHORT-TERM DEBT-RELATED PARTIES
(11)SHORT-TERM DEBT-RELATED PARTIES

 

The following table is a summary of the outstanding note balance as of September 30, 2018 and June 30, 2018.

 

Noteholder  Interest Rate  

Maturity

Date

  September 30,
2018
   June 30,
2018
 
Related parties debt:                  
Erhfort, LLC   15%  8/8/2019  $100,000   $-0- 
Erhfort, LLC   15%  9/12/2019   100,000    -0- 
Qing Wang   15%  9/21/2019   100,000    -0- 
Total Related Party Debt         $300,000   $-0- 

 

Erhfort, LLC and Qing Wang both own common stock in the Company hence are considered related parties. During the year ended June 30, 2018, the Company issued restricted common shares to Viable as settlement of $200,000 of debt. On April 27, 2018, the Company paid Redwood Management $63,500 as settlement of debt plus $1,000 late payment fee.