Quarterly report pursuant to Section 13 or 15(d)

Due to Directors - Related Parties

v3.8.0.1
Due to Directors - Related Parties
9 Months Ended
Mar. 31, 2018
Due To Directors - Related Parties  
Due to Directors - Related Parties

NOTE 3 – DUE TO DIRECTORS - RELATED PARTIES

 

Due to directors - related parties represents unsecured advances made primarily by a former director for operating expenses on behalf of the Company such as intellectual property and formation expenses. The expenses were paid for on behalf of the Company and are due upon demand. The Company is currently not being charged interest under these advances. The total amount owed the former director at March 31, 2018 and June 30, 2017 is $34,192 and $35,204, respectively. The Company repaid $1,077 during the nine months ended March 31, 2018.