NOTE 3 - CAPITAL LEASE

12 Months Ended

Jun. 30, 2017

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

NOTE 3 - CAPITAL LEASE

In July 2015 the Company entered into a capital lease for research and development equipment for $19,337 (which has accumulated depreciation of $7,574).

The following is a schedule by years of future minimum lease payments under capital leases together with present value of the net minimum lease payments as of June 30, 2017:

2018	$	8,697
2019		739
2020		-
Total minimum lease payments		9,436
Less: executory costs		-
Net minimum lease payments		9,436
Less: amount representing interest		(1,042	)
Present value of net minimum payments	$	8,394