Due to Former Directors - Related Parties |
12 Months Ended |
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Jun. 30, 2018 | |
Due To Former Directors - Related Parties | |
Due to Former Directors - Related Parties |
NOTE 4 – DUE TO FORMER 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 June 30, 2018 and June 30, 2017 is $32,898 and $35,204, respectively. The Company plans to repay the notes as its cash resources allow. |
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- References No definition available.
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- Definition Due to former directors - related parties [Text Block] No definition available.
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