Quarterly report pursuant to Section 13 or 15(d)

Loans from Directors and Officer - Related Party

v3.20.4
Loans from Directors and Officer - Related Party
6 Months Ended
Dec. 31, 2020
Loans From Directors And Officer - Related Party  
Loans from Directors and Officer - Related Party

NOTE 5 – LOANS FROM DIRECTORS AND OFFICER – RELATED PARTY

 

Loans from the Company’s directors and officer at December 31, 2020 and June 30, 2020 were $57,024 and $50,993, respectively. The loans bear no interest and are all payable on demand. The Company did not repay any amount on these loans during the six months ended December 31, 2020 (see Note 9).