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. |