Annual report pursuant to Section 13 and 15(d)

Due to Former Directors - Related Parties

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Due to Former Directors - Related Parties
12 Months Ended
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.