3. DUE TO DIRECTORS - RELATED PARTY
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6 Months Ended |
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Dec. 31, 2013
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Notes to Financial Statements | |
NOTE 3 - DUE TO DIRECTORS - RELATED PARTY |
Due to directors - related party represents unsecured advances made by the directors 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 to these directors at December 31, 2013 and June 30, 2013 is $55,608 and $57,237, respectively. |