Quarterly report pursuant to Section 13 or 15(d)

Loans and Notes Payable

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Loans and Notes Payable
9 Months Ended
Mar. 31, 2018
Loans And Notes Payable  
Loans and Notes Payable

NOTE 4 – LOANS AND NOTES PAYABLE

 

Loans from Directors and Officer - Related Parties

 

Loans from Directors and Officer at March 31, 2018 and June 30, 2017 were $56,906 and $56,802, respectively. The loans bear no interest and are all payable on demand. The Company did not repay any amount on these loans during the nine months ended March 31, 2018.

 

Other Loans from Unrelated Parties

 

As of March 31, 2018, and June 30, 2017, other loans from unrelated parties had a balance of $0 and $2,303, respectively. The Company repaid these loans outstanding as of June 30, 2017 in full during the nine months ended March 31, 2018.