Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jun. 30, 2015 | Sep. 25, 2015 | Dec. 31, 2014 | |
Document And Entity Information | |||
Entity Registrant Name | BEAR LAKE RECREATION INC | ||
Entity Central Index Key | 1,074,871 | ||
Document Type | 10-K | ||
Document Period End Date | Jun. 30, 2015 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --06-30 | ||
Is Entity a Well-known Seasoned Issuer? | No | ||
Is Entity a Voluntary Filer? | No | ||
Is Entity's Reporting Status Current? | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 149,213 | ||
Entity Common Stock, Shares Outstanding | 1,249,816 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,015 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Current Assets | ||
Prepaid Expenses | $ 2,500 | $ 0 |
Total Current Assets | 2,500 | 0 |
Total Assets | 2,500 | 0 |
Current Liabilities | ||
Accounts Payable | 0 | 1,550 |
Related Party Payable | 120,429 | 100,264 |
Accrued Interest - Related Parties | 44,750 | 29,871 |
Total Current Liabilities | 165,179 | 131,685 |
Total Liabilities | 165,179 | 131,685 |
Stockholders' Deficit | ||
Preferred Stock | 0 | 0 |
Capital Stock | 1,250 | 1,250 |
Additional Paid-in Capital | 82,828 | 82,828 |
Accumulated Deficit | (246,757) | (215,763) |
Total Stockholders' Deficit | (162,679) | (131,685) |
Total Liabilities and Stockholders' Deficit | $ 2,500 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2015 | Jun. 30, 2014 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value per share in dollars | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Capital stock, par value in dollars | $ 0.001 | $ 0.001 |
Capital stock, shares authorized | 50,000,000 | 50,000,000 |
Capital stock, shares issued | 1,249,816 | 1,249,816 |
Capital stock, shares outstanding | 1,249,816 | 1,249,816 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Income Statement [Abstract] | ||
Revenues | $ 0 | $ 0 |
Cost of Goods Sold | 0 | 0 |
Gross Profit | 0 | 0 |
General and Administrative Expenses | 16,115 | 10,772 |
Net Loss from Operations | (16,115) | (10,772) |
Other Income (Expense) | ||
Related party interest expense | (14,879) | (12,022) |
Total Other Income (Expense) | (14,879) | (12,022) |
Net Loss Before Taxes | (30,994) | (22,794) |
Provision for Income Taxes | 0 | 0 |
Net Loss | $ (30,994) | $ (22,794) |
Loss Per Share - Basic and Diluted | $ (0.02) | $ (0.02) |
Weighted Average Shares Outstanding - Basic and Diluted | 1,249,816 | 1,249,816 |
Statements of Shareholders' Def
Statements of Shareholders' Deficit - USD ($) | Preferred Stock | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance at Jun. 30, 2013 | $ 0 | $ 1,250 | $ 82,828 | $ (192,969) | $ (108,891) |
Beginning Balance, shares at Jun. 30, 2013 | 0 | 1,249,816 | |||
Net loss | (22,794) | (22,794) | |||
Ending Balance at Jun. 30, 2014 | $ 0 | $ 1,250 | 82,828 | (215,763) | (131,685) |
Ending Balance - shares at Jun. 30, 2014 | 0 | 1,249,816 | |||
Net loss | (30,994) | (30,994) | |||
Ending Balance at Jun. 30, 2015 | $ 0 | $ 1,250 | $ 82,828 | $ (246,757) | $ (162,679) |
Ending Balance - shares at Jun. 30, 2015 | 0 | 1,249,816 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash Flows From Operating Activities | ||
Net Loss | $ (30,994) | $ (22,794) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
(Increase)/Decrease - Prepaid Expense | (2,500) | 0 |
Increase/(Decrease) - Accounts Payable | (1,550) | 1,550 |
Increase/(Decrease) - Related Party Payables | 20,165 | 9,222 |
Increase in related party accrued interest | 14,879 | 12,022 |
Net Cash From Operating Activities | 0 | 0 |
Cash Flows From Investing Activities | ||
Net Cash From Investing Activities | 0 | 0 |
Cash Flows from Financing Activities | ||
Net Cash From Financing Activities | 0 | 0 |
Net Change In Cash | 0 | 0 |
Beginning Cash Balance | 0 | 0 |
Ending Cash Balance | 0 | 0 |
Supplemental Disclosure of Cash Flow Information: | ||
Cash paid during the year for interest | 0 | 0 |
Cash paid during the year for income taxes | $ 0 | $ 0 |
Organization and Summary of Sig
Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Summary of Significant Accounting Policies | NOTE 1 ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Organization Bear Lake Recreation, Inc. (the Company) was organized under the laws of the State of Nevada on October 22, 1998, to engage in any lawful purpose. The Company has at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors. Through the year ended June 30, 2001 the Company was seeking to rent out snowmobiles and all-terrain vehicles (ATVs). In June of 2000, the Company also purchased the rights to manufacture, use, market, and sell the Net Caddy, a backpack style bag used to transport fishing gear. The Company has abandoned both the snowmobile and ATVs plans, and the Net Caddy plans. Currently, managements plans include finding a well-capitalized merger candidate to recommence its operations. If the Company is not successful in these efforts, operations may cease or be curtailed. The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America. The following summarizes the more significant of such policies: (b) Statement of Cash Flows For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. During the years ending June 30, 2015 and 2014 the Company did not have non-cash investing or financing activities. (c) Income Taxes The Company applies the provisions of Financial Accounting Standards Board Accounting Standard Codification (ASC) 740 Income Taxes We classify tax-related penalties and net interest on income taxes as income tax expense. As of June 30, 2015 and 2014, no income tax expense had been incurred. (d) Net Loss Per Common Share Basic loss per common share is based on the weighted-average number of shares outstanding. Diluted income or loss per share is computed using weighted average number of common shares plus dilutive common share equivalents outstanding during the period using the treasury stock method. There are no common stock equivalents outstanding, thus, basic and diluted income or loss per share calculations are the same. (e) Impairment of Long-Lived Assets The Company reviews long-lived assets, at least annually, to determine if impairment has occurred and whether the economic benefit of the asset (fair value for assets to be used and fair value less disposal costs for assets to be disposed of) is expected to be less than the carrying value. Triggering events, which signal further analysis, consist of a significant decrease in the assets market value, a substantial change in the use of an asset, a significant physical change in the asset, a significant change in the legal or business climate that could affect the asset, an accumulation of costs significantly in excess of the amount originally expected to acquire or construct the asset, or a history of losses that imply continued losses associated with assets used to generate revenue. The Company has no long-lived assets as of June 30, 2015 and 2014. (f) Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (g) Revenue Recognition The Company shall recognize revenues in accordance with the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, Revenue Recognition. SAB 104 clarifies application of U.S. generally accepted accounting principles to revenue transactions. Accordingly the Company shall recognize revenues when earned which shall be as products or services are delivered to customers. The Company shall also record accounts receivable for revenue earned but not yet collected. An allowance for bad debts shall be provided based on estimated losses. For revenue received in advance of service the Company shall record a current liability as deferred revenue until the earnings process is complete. (h) Impact of New Accounting Standards The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that the following pronouncements will have a significant effect on its financial statements. In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (ASU No. 2014-09), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for annual reporting periods beginning after December 15, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (ASU No. 2014-10), which eliminated the definition of a Development Stage Entity and the related reporting requirements. ASU No. 2014-10 is effective for annual reporting periods beginning after December 15, 2014, with early adoption allowed. The Company chose to adopt ASU No. 2014-10 early, effective in its interim financial statements for the period ended September 30, 2014. In August 2014, the FASB issued ASU No. 2014-15 Disclosure of Uncertainties About an Entitys Ability to Continue as a Going Concern The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Companys financial statement. |
Liquidity and Going Concern
Liquidity and Going Concern | 12 Months Ended |
Jun. 30, 2015 | |
Liquidity And Going Concern | |
Liquidity and Going Concern | NOTE 2 LIQUIDITY AND GOING CONCERN The Company has sustained a loss from operations since inception of $246,757, and has had negative cash flows from operating activities during the period from inception [October 22, 1998] through June 30, 2015. These factors raise substantial doubt about the Companys ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of this uncertainty. Currently, managements plans include finding a well-capitalized merger candidate to recommence its operations. |
Related Party Transaction
Related Party Transaction | 12 Months Ended |
Jun. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transaction | NOTE 3 RELATED PARTY TRANSACTION During the years ended June 30, 2015 and 2014, the Company borrowed $20,165 and $9,222, respectively from an investor to pay operating expenses. The balance of the loan as of June 30, 2015 and 2014 is $120,429 and $100,264, respectively. The unsecured loan bears no interest and is due on demand. However, the Company imputes interest on the loan at 10% per annum. Imputed interest expense on related party loans for the fiscal years ended June 30, 2015 and 2014 totaled $14,879 and $12,022, respectively. |
Income Taxes
Income Taxes | 12 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 4 INCOME TAXES No provision has been made for income taxes in the financial statements because the Company has incurred net operating losses to be carried forward and is incorporated in the State of Nevada, which does not levy a Corporate Income Tax. The tax effects of temporary differences that give rise to significant portions of the deferred tax asset at June 30, 2015 are summarized below. Deductible Deferred Tax Asset Amount Rate Tax Net Operating Loss Carryforward Federal 231,878 34 % 78,839 Temporary Differences Related Party Interest 0 34 % 0 Valuation Allowance (78,839) Deferred Tax Asset $ A valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. Because of the lack of taxable earnings history, the Company has established a valuation allowance for all future deductible temporary differences. The valuation allowance has increased $5,480, from $73,359, as of June 30, 2015. The Company has the following operating loss carry forwards available at June 30, 2015: Operating Losses Expires Amount 2019 $ 9,057 2020 6,828 2021 32,303 2022 26,635 2023 3,945 2024 6,207 2025 14,289 2026 8,906 2027 6,482 2028 6,716 2029 9,400 2030 7,668 2031 9,174 2032 9,513 2033 28,769 2034 - 2035 45,986 Total $ 231,878 The effective tax rate for continuing operations differs from the statutory tax rate as follows: Years ended June 30, 2015 2014 Federal Statutory Income Tax Rate 34 % 15 % Non-deductible Expenses (16 %) Valuation Allowance (18 %) (15 %) Effective income tax rate 0 % 0 % Uncertain Tax Positions The Company has evaluated its uncertain tax positions and determined that any required adjustments would not have a material impact on the Company's balance sheet, income statement, or statement of cash flows. A reconciliation of our unrecognized tax benefits for 2015 is presented in the table below: Balance as of July 1, 2014 $ 0.00 Additions based on tax positions related to the current year 0.00 Reductions for tax positions of prior years 0.00 Reductions due to expiration of statute of limitations 0.00 Settlements with taxing authorities 0.00 Balance as of June 30, 2015 $ 0.00 All years prior to 2011 are closed by expiration of the statute of limitations. The tax year ended June 30, 2012, closed by expiration of the statute of limitations in August 2015. The years ended June 30, 2013, 2014 and 2015 are open for examination. |
Office Lease
Office Lease | 12 Months Ended |
Jun. 30, 2015 | |
Leases [Abstract] | |
Office Lease | NOTE 5 OFFICE LEASE The Company offices for 2015 were those of stockholder, Duane S. Jenson, and are provided at no cost. The stockholder incurs no incremental costs in providing this office space to the Company. |
Accounting Policies (Policies)
Accounting Policies (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Statement of Cash Flows | Statement of Cash Flows For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. During the years ending June 30, 2015 and 2014 the Company did not have non-cash investing or financing activities. |
Income Taxes | Income Taxes The Company applies the provisions of Financial Accounting Standards Board Accounting Standard Codification (ASC) 740 Income Taxes We classify tax-related penalties and net interest on income taxes as income tax expense. As of June 30, 2015 and 2014, no income tax expense had been incurred. |
Net Loss Per Common Share | Net Loss Per Common Share Basic loss per common share is based on the weighted-average number of shares outstanding. Diluted income or loss per share is computed using weighted average number of common shares plus dilutive common share equivalents outstanding during the period using the treasury stock method. There are no common stock equivalents outstanding, thus, basic and diluted income or loss per share calculations are the same. |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets The Company reviews long-lived assets, at least annually, to determine if impairment has occurred and whether the economic benefit of the asset (fair value for assets to be used and fair value less disposal costs for assets to be disposed of) is expected to be less than the carrying value. Triggering events, which signal further analysis, consist of a significant decrease in the assets market value, a substantial change in the use of an asset, a significant physical change in the asset, a significant change in the legal or business climate that could affect the asset, an accumulation of costs significantly in excess of the amount originally expected to acquire or construct the asset, or a history of losses that imply continued losses associated with assets used to generate revenue. The Company has no long-lived assets as of June 30, 2015 and 2014. |
Use of Estimates in Preparation of Financial Statements | Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Revenue Recognition | Revenue Recognition The Company shall recognize revenues in accordance with the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, Revenue Recognition. SAB 104 clarifies application of U.S. generally accepted accounting principles to revenue transactions. Accordingly the Company shall recognize revenues when earned which shall be as products or services are delivered to customers. The Company shall also record accounts receivable for revenue earned but not yet collected. An allowance for bad debts shall be provided based on estimated losses. For revenue received in advance of service the Company shall record a current liability as deferred revenue until the earnings process is complete. |
Impact of New Accounting Standards | Impact of New Accounting Standards The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that the following pronouncements will have a significant effect on its financial statements. In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (ASU No. 2014-09), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for annual reporting periods beginning after December 15, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (ASU No. 2014-10), which eliminated the definition of a Development Stage Entity and the related reporting requirements. ASU No. 2014-10 is effective for annual reporting periods beginning after December 15, 2014, with early adoption allowed. The Company chose to adopt ASU No. 2014-10 early, effective in its interim financial statements for the period ended September 30, 2014. In August 2014, the FASB issued ASU No. 2014-15 Disclosure of Uncertainties About an Entitys Ability to Continue as a Going Concern The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Companys financial statement. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities | Deductible Deferred Tax Asset Amount Rate Tax Net Operating Loss Carryforward Federal 231,878 34 % 78,839 Temporary Differences Related Party Interest 0 34 % 0 Valuation Allowance (78,839) Deferred Tax Asset $ |
Summary of Operating Loss Carryforwards | Operating Losses Expires Amount 2019 $ 9,057 2020 6,828 2021 32,303 2022 26,635 2023 3,945 2024 6,207 2025 14,289 2026 8,906 2027 6,482 2028 6,716 2029 9,400 2030 7,668 2031 9,174 2032 9,513 2033 28,769 2034 - 2035 45,986 Total $ 231,878 |
Schedule of Effective Income Tax Rate Reconciliation | Years ended June 30, 2015 2014 Federal Statutory Income Tax Rate 34 % 15 % Non-deductible Expenses (16 %) Valuation Allowance (18 %) (15 %) Effective income tax rate 0 % 0 % |
Summary of Income Tax Contingencies | Balance as of July 1, 2014 $ 0.00 Additions based on tax positions related to the current year 0.00 Reductions for tax positions of prior years 0.00 Reductions due to expiration of statute of limitations 0.00 Settlements with taxing authorities 0.00 Balance as of June 30, 2015 $ 0.00 |
Liquidity and Going Concern (De
Liquidity and Going Concern (Details Narrative) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Liquidity And Going Concern | ||
Loss from operations | $ (246,757) | $ (215,763) |
Related Party Transaction (Deta
Related Party Transaction (Details Narrative) - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Related Party Transactions [Abstract] | ||
Related party loans | $ 20,165 | $ 9,222 |
Balance due related party | 120,429 | 100,264 |
Related party interest expense | $ 14,879 | $ 12,022 |
Imputed interest on related party loan | 10.00% | 10.00% |
Income Taxes - Deferred Tax Ass
Income Taxes - Deferred Tax Assets (Details) | 12 Months Ended |
Jun. 30, 2015USD ($) | |
Deferred Tax Asset | |
Net Operating Loss Carryforward, Federal, Deductible Amount | $ 231,878 |
Net Operating Loss Carryforward, Federal, Rate | 34.00% |
Net Operating Loss Carryforward, Federal, Tax | $ 78,839 |
Temporary Differences, Related Party Interest, Deductible Amount | $ 0 |
Temporary Differences, Related Party Interest, Rate | 34.00% |
Temporary Differences, Related Party Interest, Tax | $ 0 |
Valuation Allowance, Tax | (78,839) |
Deferred Tax Asset, Tax | $ 0 |
Income Taxes - Operating Loss C
Income Taxes - Operating Loss Carryforward (Details) | 12 Months Ended |
Jun. 30, 2015USD ($) | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 231,878 |
Tax Year 2019 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 9,057 |
Operating loss carryforward, expiration date | Jun. 30, 2019 |
Tax Year 2020 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 6,828 |
Operating loss carryforward, expiration date | Jun. 30, 2020 |
Tax Year 2021 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 32,303 |
Operating loss carryforward, expiration date | Jun. 30, 2021 |
Tax Year 2022 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 26,635 |
Operating loss carryforward, expiration date | Jun. 30, 2022 |
Tax Year 2023 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 3,945 |
Operating loss carryforward, expiration date | Jun. 30, 2023 |
Tax Year 2024 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 6,207 |
Operating loss carryforward, expiration date | Jun. 30, 2024 |
Tax Year 2025 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 14,289 |
Operating loss carryforward, expiration date | Jun. 30, 2025 |
Tax Year 2026 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 8,906 |
Operating loss carryforward, expiration date | Jun. 30, 2026 |
Tax Year 2027 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 6,482 |
Operating loss carryforward, expiration date | Jun. 30, 2027 |
Tax Year 2028 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 6,716 |
Operating loss carryforward, expiration date | Jun. 30, 2028 |
Tax Year 2029 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 9,400 |
Operating loss carryforward, expiration date | Jun. 30, 2029 |
Tax Year 2030 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 7,668 |
Operating loss carryforward, expiration date | Jun. 30, 2030 |
Tax Year 2031 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 9,174 |
Operating loss carryforward, expiration date | Jun. 30, 2031 |
Tax Year 2032 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 9,513 |
Operating loss carryforward, expiration date | Jun. 30, 2032 |
Tax Year 2033 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 28,769 |
Operating loss carryforward, expiration date | Jun. 30, 2033 |
Tax Year 2034 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 0 |
Operating loss carryforward, expiration date | Jun. 30, 2034 |
Tax Year 2035 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforward | $ 45,986 |
Operating loss carryforward, expiration date | Jun. 30, 2035 |
Income Taxes - Effective Income
Income Taxes - Effective Income Tax Rate (Details) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation | ||
Federal Statutory Income Tax Rate | 34.00% | 15.00% |
Non-deductible Expenses | (16.00%) | |
Valuation Allowance | (18.00%) | (15.00%) |
Effective income tax rate | 0.00% | 0.00% |
Income Taxes - Summary of Incom
Income Taxes - Summary of Income Tax Contingencies (Details) | 12 Months Ended |
Jun. 30, 2015USD ($) | |
Reconciliation of Unrecognized Tax Benefits | |
Unrecognized tax benefits, beginning of period | $ 0 |
Additions based on tax positions related to the current year | 0 |
Reductions for tax positions of prior years | 0 |
Reductions due to expiration of statute of limitations | 0 |
Settlements with taxing authorities | 0 |
Unrecognized tax benefits, end of period | $ 0 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 12 Months Ended |
Jun. 30, 2015USD ($) | |
Income Tax Disclosure [Abstract] | |
Valuation allowance at beginning of year | $ (73,359) |
Change in valuation allowance | $ (5,480) |
Tax years open for examination | Years June 30, 2013, 2014 and 2015 |