Quarterly report pursuant to Section 13 or 15(d)

DUE TO FORMER DIRECTOR - RELATED PARTY

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DUE TO FORMER DIRECTOR - RELATED PARTY
6 Months Ended
Dec. 31, 2021
Due To Former Director - Related Party  
DUE TO FORMER DIRECTOR - RELATED PARTY

NOTE 4 – DUE TO FORMER DIRECTOR - RELATED PARTY

 

Due to former director - related party 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 December 31, 2021 and June 30, 2021 were $32,329 and $33,347, respectively. The Company plans to repay the advances as its cash resources allow (see Note 9).