HQDA Elderly Life Network (HQDA) 10-K 15 Oct 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2018	Oct. 10, 2018
Document And Entity Information
Entity Registrant Name	HQDA ELDERLY LIFE NETWORK CORP.
Entity Central Index Key	1,304,730
Document Type	10-K
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float		$ 31,541,250
Entity Common Stock, Shares Outstanding		137,128,013
Trading Symbol	HQDA
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Current
Cash	$ 9,701,075
Accounts receivable		50,000
Loan receivable	52,877
Prepaid expenses	6,567	100
Total current assets	9,760,519	50,100
Non-current
Deposits	18,233,403
Equipment	1,912
Total Non-current	18,235,315
Total Assets	27,995,834	50,100
Current
Accounts payable and accrued liabilities	8,460	15,887
Share subscription funds to be returned	1,982,911
Total Liabilities	1,991,371	15,887
Shareholders' equity
Capital stock Authorized: 200,000,000 common shares, $0.001 par value Issued and outstanding: 30 June 2018 - 79,925,000 common shares 30 June 2017- 9,945,000 common shares	79,925	9,945
Capital stock Authorized: 10,000,000 preferred shares, $0.001 par value
Additional paid-in capital	9,264,384	1,086,255
Share subscriptions received in advance	18,189,623
Deficit	(1,529,469)	(1,061,987)
Total shareholders' deficiency	26,004,463	34,213
Total liabilities and shareholders' deficiency	$ 27,995,834	$ 50,100

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Jun. 30, 2017	Jun. 26, 2017
Statement of Financial Position [Abstract]
Capital stock, common shares authorized	200,000,000	200,000,000
Capital stock, common share par value	$ 0.001	$ 0.001	$ 0.001
Capital stock, common shares issued	79,925,000	9,945,000
Capital stock, common shares outstanding	79,925,000	9,945,000
Capital stock, preferred shares, authorized	10,000,000	10,000,000	10,000,000
Capital stock, preferred shares, par value	$ 0.001	$ 0.001	$ 0.001

Consolidated Statements of Oper

Consolidated Statements of Operations and Deficit - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues		$ 50,000
Expenses
Bank charges and interest	1,054	276	342
Consulting fees	57,000		1,568
Depreciation	1,245
Filing and financing fees	1,665	12,325	9,644
Foreign exchange (gain) loss	199,135	(1,050)	211
Income tax penalties			50,000
Legal and accounting	74,333	15,934	15,092
Management fees	75,000	45,000	60,000
Mineral property exploration expenditure		3,741
Office and miscellaneous	8,108	250	221
Regulatory fees	22,842	12,258	7,500
Rent	12,350	2,700	3,600
Transfer agent fees	4,705
Travel	13,046	426
Total Expenses	(470,483)	(91,860)	(148,178)
Net loss before other items	(470,483)	(41,860)	(148,178)
Other items
Interest income	3,001
Reversal of income tax penalties		50,000
Write-off of accounts payable		21,324
Net income (loss) for the year	$ (467,482)	$ 29,464	$ (148,178)
Basic and diluted loss per common share	$ (0.010)	$ 0.003	$ (0.015)
Weighted average number of common shares outstanding	49,008,178	9,928,890	9,909,959

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Cash flows used in operating activities
Net income (loss) for the year	$ (467,482)	$ 29,464	$ (148,178)
Non-cash items
Contributions to capital by related party - expenses		47,700	63,600
Depreciation	1,245
Reversal of income tax penalties		(50,000)
Write-off of accounts payable		(21,324)
Changes in operating assets and liabilities
Accounts receivable	50,000	(50,000)
Prepaid expenses	(6,467)	(100)
Loans receivable	(52,877)
Accounts payable and accrued liabilities	(7,427)	21,611	6,855
Taxes payable			50,000
Net cash used in operating activities	(483,008)	(22,649)	(27,723)
Cash flows used in investing activities
Deposits paid for asset purchases	(18,233,403)
Purchase of property and equipment	(3,157)
Net cash provided by investing activities	(18,236,560)
Cash flows from financing activities
Issuance of common shares for cash	8,248,109	20,000	30,000
Share subscriptions received in advance	18,189,623
Share subscription funds to be returned	1,982,911
Net cash provided by financing activities	28,420,643	20,000	30,000
Increase (decrease) in cash	9,701,075	(2,649)	2,277
Cash, beginning of year		2,649	372
Cash, end of year	$ 9,701,075		$ 2,649

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficiency - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Capital Stock [Member]
Balance	$ 9,945	$ 9,925	$ 9,895
Balance, shares	9,945,000	9,925,000	9,895,000
Contributions to capital by related party - expenses
Common shares issued for cash	$ 69,980	$ 20	$ 30
Common shares issued for cash, shares	69,980,000	20,000	30,000
Share subscriptions received
Net loss
Balance	$ 79,925	$ 9,945	$ 9,925
Balance, shares	79,925,000	9,945,000	9,925,000
Additional Paid-In Capital [Member]
Balance	$ 1,086,255	$ 1,018,575	$ 925,005
Contributions to capital by related party - expenses		47,700	63,600
Common shares issued for cash	8,178,129	19,980	29,970
Share subscriptions received
Net loss
Balance	9,264,384	1,086,255	1,018,575
Share Subscriptions Received in Advance [Member]
Balance
Contributions to capital by related party - expenses
Common shares issued for cash
Share subscriptions received	18,189,623
Net loss
Balance	18,189,623
Deficit Accumulated [Member]
Balance	(1,061,987)	(1,091,451)	(943,273)
Contributions to capital by related party - expenses
Common shares issued for cash
Share subscriptions received
Net loss	(467,482)	29,464	(148,178)
Balance	(1,529,469)	(1,061,987)	(1,091,451)
Balance	34,213	(62,951)	(8,373)
Contributions to capital by related party - expenses		47,700	63,600
Common shares issued for cash	8,248,109	20,000	30,000
Share subscriptions received	18,189,623
Net loss	(467,482)	29,464	(148,178)
Balance	$ 26,004,463	$ 34,213	$ (62,951)

Nature and Continuance of Opera

Nature and Continuance of Operations	12 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature and Continuance of Operations	1. NATURE AND CONTINUANCE OF OPERATIONS HQDA Elderly Life Network Corp. (formerly Hartford Retirement Network Corp.) (the “Company”) was incorporated under the laws of the State of Nevada on 21 January 2004. Effective 26 June 2017, the Company increased its authorized shares of common stock, par value $0.001 per share from 75,000,000 to 200,000,000 and authorized 10,000,000 preferred stock, par value $0.001 per share, with such rights, preferences and limitations as may be set from time to time by resolution of the Board of Directors (Note 6). These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company was in the business of acquiring and exploring mineral properties. In May 2017, the Company shifted its focus to senior housing and retirement services and products. The Company is devoting all of its present efforts in establishing a new business. The Company’s consolidated financial statements as at 30 June 2018 and for the year then ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company reported a net loss of $467,482 for the year ended 30 June 2018 (30 June 2017 – income of $29,464, 30 June 2016 – loss of $148,178) and has a working capital of $7,769,148 at 30 June 2018 (30 June 2017 –$34,213). Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Company’s capital resources will not be adequate to continue operating and maintaining its business strategy for the next 12 months. If the Company is unable to raise additional capital in the near future, management expects that the Company will need to curtail operations, seek additional capital on less favorable terms and/or pursue other remedial measures. These consolidated financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At 30 June 2018, the Company had an accumulated deficit of $1,529,469 and cash of $9,701,075. Although management is currently attempting to implement its new business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful. Accordingly, the Company must rely on its president to perform essential functions without compensation until a business operation can be commenced. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	2. SIGNIFICANT ACCOUNTING POLICIES The following is a summary of significant accounting policies used in the preparation of these consolidated financial statements. Basis of presentation The consolidated financial statements of the Company have been prepared in accordance with GAAP and are expressed in U.S. dollars. The Company’s fiscal year end is 30 June. Principles of consolidation The Company’s consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Shanghai Hartford Health Management Ltd., a company incorporated in the People’s Republic of China from 9 November 2017, and Dynamic Grand Holdings Ltd., a company incorporated in Alberta, Canada from the date of incorporation on November 21, 2007 to the date of it being dissolved on 27 April 2017. All inter-company balances have been eliminated upon consolidation. Cash and cash equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less. Derivative financial instruments The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Revenue recognition Revenue includes service and management fees associated with the operation of senior holiday services. Revenue is recognized when the services are rendered. Property and equipment Property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of property and equipment consists of the purchase price, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use and an initial estimate of the costs of dismantling and removing the item. Depreciation is provided at rates calculated to write off the cost of property and equipment, less their estimated residual value, using the straight-line method over the following expected useful lives: ● Computer equipment: 2 years ● Furniture: 5 years Income taxes Deferred income taxes are reported for timing differences between items of income or expense reported in the consolidated financial statements and those reported for income tax purposes in accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes” Basic and diluted net loss per share The Company computes net income (loss) per share in accordance with ASC 260, “ Earnings per Share Segments of an enterprise and related information ASC 280, “Segment Reporting” Foreign currency translation The Company’s functional and reporting currency is U.S. dollars. The consolidated financial statements of the Company are translated to U.S. dollars in accordance with ASC 830, “ Foreign Currency Matters Use of estimates and assumptions The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates. Comparative figures Certain comparative figures have been adjusted to conform to the current year’s presentation. Recently issued accounting pronouncements In February 2016, the FASB issued ASU No. 2016-02 (Topic 842) “Leases.” Topic 842 supersedes the lease recognition requirements in Accounting Standards Codification (“ASC”) Topic 840 “Leases.” Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. Leases will continue to be classified as either finance or operating. Topic 842 is effective for annual reporting periods and interim periods within those years beginning after 15 December 2018. Early adoption by public entities is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, and there are certain optional practical expedients that an entity may elect to apply. Full retrospective application is prohibited. The Company does not anticipate this amendment to have a significant impact on the consolidated financial statements. In April 2016, the FASB issued ASU 2016 – 10 “Revenue from Contract with Customers: identifying Performance Obligations and Licensing”. The amendments in this Update clarify the two following aspects (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this Update are intended to reduce the degree of judgement necessary to comply with Topic 606. This guidance is effective for reporting periods beginning after 15 December 2017. The Company does not expect the adoption of this guidance to have an impact on the consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. ASU 2016-13 is effective for annual reporting periods, and interim periods within those years beginning after 15 December 2019. The Company does not anticipate this amendment to have a significant impact on the consolidated financial statements.

Loans Receivable

Loans Receivable	12 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Loans Receivable	3. LOANS RECEIVABLE During the year ended 30 June 2018, the Company loaned $1,576,921 (RMB 10,437,800) to Shanghai Qiao Garden Group (“Shanghai Qiao Garden”). The loan was unsecured, bears interest at 8% per annum and due on demand. During the year ended 30 June 2018, the Company received $1,524,044 (RMB 10,087,000). During the year ended 30 June 2018, the Company waived $51,299, the full amount of accrued interest as the Company demanded the payment prematurely (2017 - $Nil).

Asset Purchase Agreement

Asset Purchase Agreement	12 Months Ended
	Jun. 30, 2018
Asset Purchase Agreement
Asset Purchase Agreement	4. ASSET PURCHASE AGREEMENT On 2 April 2018, the Company entered into an Asset Purchase Agreement ( the “APA”) whereby the Company will purchase land, buildings, and right to use, construction use rights and other property rights located in Shanghai from Shanghai Qiao Garden. Properties are split into two groups: ● Property A: land use rights and adhesive substance use rights, right to own, and right to operate of the land located in Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376. Assets are owned by Shanghai Qiao Garden Real Estate Group, a subsidiary 100% owned by Shanghai Qiao Garden; ● Property B: land use right, adhesive substance under construction use rights, right to own, and right to operate of the land located in Shanghai Chongming District San Shuang Gong Lu No. 4797. Assets are owned by Shanghai Qiao Garden Information Technology, Ltd. (“Transferor”), a subsidiary 100% owned by Shanghai Qiao Garden. The Company has agreed to pay the purchase price totaling of $36,991,173 (RMB 233,000,000) in instalments over the next 20 months as follows: a. RMB 7,000,000 before 9 April 2018 (paid); b. RMB 43,000,000 before 10 April 2018 (paid); c. RMB 20,000,000 before 10 May 2018 (paid); d. RMB 20,000,000 before 31 July 2018 (paid); e. RMB 35,000,000 before 30 October 2018 (RMB 25,682,000 was paid during the year ended 30 June 2018 and RMB 9,318,000 was paid subsequent to 30 June 2018); f. RMB 35,000,000 before 30 December 2018 (RMB 25,682,000 was paid subsequent to 30 June 2018); g. RMB 30,000,000 before 30 April 2019; h. RMB 22,000,000 before 31 August 2019; and i. RMB 21,000,000 before 31 December 2019. As at 30 June 2018, the Company has paid $18,233,403 (RMB 115,682,000) as deposits (Note 14). Subsequent to the year-end, the Company has paid $5,131,000 (RMB 35,000,000). Subsequent to the year-end, the Company has obtained the full management and operation rights of the hotel property and all other assets of Property A (Note 13). Subsequent to the year-end, the Company has entered into a share purchase agreement to acquire Property B by acquiring 100% outstanding shares of the Transferor for $731,968 (RMB 5,000,000). The total proceeds has been included in the deposits paid by the Company and shares will be transferred when all current and potential liabilities are settled by the Transferor (Note 13).

Equipment

Equipment	12 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Equipment	5. EQUIPMENT Furniture and Office Equipment $ Total $ COSTS 30 June 2017 - - Additions 3,157 3,157 30 June 2018 3,157 3,157 ACCUMULATED DEPRECIATION 30 June 2017 - - Additions 1,245 1,245 30 June 2018 1,245 1,245 NET BOOK VALUE 30 June 2017 - - 30 June 2018 1,912 1,912

Capital Stock

Capital Stock	12 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Capital Stock	6. CAPITAL STOCK Authorized The total authorized capital is 200,000,000 common shares with a par value of $0.001 and 10,000,000 preferred shares with a par value of $0.001. On 26 June 2017, the Company increased the authorized shares of common stock of the Company from 75,000,000 shares to 200,000,000 shares and authorized the issuance of up to 10,000,000 shares of preferred stock, with such rights, preferences and limitations as may be set from time to time by resolution of the Board of Directors (Note 1). Issued and outstanding At 30 June 2018, the total issued and outstanding capital stock is 79,925,000 common shares with a par value of $0.001 per common share (30 June 2017 - 9,945,000). On 7 April 2018, the Company completed a private placement of 47,500,000 common shares for total proceeds of $7,124,109. On 2 March 2018, the Company completed a private placement of 2,920,000 common shares for total proceeds of $146,000. On 5 October 2017, the Company completed a private placement of 5,000,000 common shares for total proceeds of $250,000. On 8 September 2017, the Company completed a private placement of 1,950,000 common shares for total proceeds of $97,500. On 8 August 2017, the Company completed a private placement of 19,910,000 common shares for total proceeds of $995,500 On 4 August 2017, the Company completed a private placement of 5,750,000 common shares for total proceeds of $287,500. During the year ended 30 June, 2018, the Company cancelled 13,050,000 common shares for total proceeds of $652,500 which was not received. On 20 April 2017, the Company completed a private placement of 20,000 common shares at a price of $1.00 per share for total proceeds of $20,000. As at 30 June 2018, the Company received subscriptions of $18,189,623 in advance related to the private placement that was closed subsequent to 30 June 2018 (Note 13). As at 30 June 2018, the Company received $1,982,911 in subscription funds that will be returned to investors due to cancellation of the subscriptions ((Note 13).

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	7. RELATED PARTY TRANSACTIONS During the year ended 30 June 2018, a former officer and a former director of the Company made contributions to capital for management fees in the amount of $Nil (2017 - $45,000, 2016 – $60,000) and for rent in the amount of $Nil (2017 - $2,700, 2016 – $3,600) (Note 10). During the year ended 30 June 2018, the Company paid management fees of $75,000 and consulting fee of $16,000 to the Company’s Chief Financial Officer (2017 - $Nil, 2016 - $Nil). Included in accounts payable and accrued liabilities was $3,160 (30 June 2017 - $3,034) due to the Company’s Chief Financial Officer. The amount is non-interest bearing, unsecured and due on demand.

Service Agreement

Service Agreement	12 Months Ended
	Jun. 30, 2018
Service Agreement
Service Agreement	8. SERVICE AGREEMENT On 25 August 2017, the Company entered into a Retirement Vacation Services Agreement (the “Service Agreement”) with Shanghai Qiao Garden International Travel Agency (“Shanghai Travel”), whereby the Company is to provide favorable pricing on hotel rooms in California, USA from 15 May 2017 to 31 May 2018. The agreement can be renewed automatically on an annual basis. Shanghai Travel will provide at least 300 retirement vacation clients annually, for a minimum total hotel stay of 3,000 nights. The Company will be charging Shanghai Travel $80 per client per hotel stay and $2,000 monthly management fees. During the year ended 30 June 2018, the Company did not record any receivables related to the monthly management fee as there was uncertainty as to whether the amount would be collectible (30 June 2017 - $50,000). At 30 June 2018, this service agreement was terminated.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	9. INCOME TAXES The Company has losses carried forward for income tax purposes to 30 June 2018. There are no current or deferred tax expenses for the year ended 30 June 2018 due to the Company’s loss position. The Company has fully reserved for any benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statement and income tax purposes are recognized, as appropriate. Realization of the future tax benefits related to the deferred tax assets is dependent on many factors, including the Company’s ability to generate taxable income within the net operating loss carryforward period. Management has considered these factors in reaching its conclusion as to the valuation allowance for financial reporting purposes. The provision for refundable federal income tax consists of the following: For the year ended 30 June 2018 $ For the year ended 30 June 2017 $ For the year ended 30 June 2016 $ Income tax rate 21 % 34 % 34 % Current operations (98,171 ) 10,017 (50,380 ) Contributions to capital by related parties - 16,218 21,624 Impact on change of tax rates and others 66,975 - - Less: Change in valuation allowance 31,196 (26,235 ) 28,756 Net refundable amount - - - The composition of the Company’s deferred tax assets as at 30 June 2018 and 30 June 2017 are as follows: As at 30 June 2018 $ As at 30 June 2017 $ Net income tax operating loss carryforward 176,134 144,938 Less: Valuation allowance (176,134 ) (144,938 ) Net deferred tax asset - - The potential income tax benefit of these losses has been offset by a full valuation allowance. As at 30 June 2018, the Company has an unused net operating loss carry-forward balance of approximately $839,000 that is available to offset future taxable income. This unused net operating loss carry-forward balance expires between 2024 and 2038. During the year ended 30 June 2016, the Company received an assessment for penalties from the Internal Revenue Service regarding failure to file certain supplementary forms for the tax years 2007 to 2011. During the year ended 30 June 2017, the penalties were reversed.

Supplemental Disclosures with R

Supplemental Disclosures with Respect to Cash Flows	12 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures with Respect to Cash Flows	10. SUPPLEMENTAL DISCLOSURES WITH RESPECT TO CASH FLOWS For the year ended 30 June 2018 $ For the year ended 30 June 2017 $ For the year ended 30 June 2016 $ Cash paid during the period for interest - - - Cash paid during the period for income taxes 828 - - During the year ended 30 June 2018, a former officer and a former director of the Company made contributions to capital for management fees in the amount of $Nil (2017 - $45,000, 2016 – $60,000) and for rent in the amount of $Nil (2017 - $2,700, 2016 – $3,600) (Note 7).

Financial Instruments

Financial Instruments	12 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Financial Instruments	11. FINANCIAL INSTRUMENTS The carrying value of cash and accounts payable approximates fair value due to the short-term maturity of these financial instruments. Credit Risk Financial instruments that potentially subject the Company to credit risk consist of cash. The Company deposits cash with high credit quality financial institutions as determined by rating agencies. The Company is subject to medium credit risk with respect to its loans receivable due to potential non repayment. Currency Risk The Company’s functional and reporting currency is the U.S. dollar. Foreign currency transactions are primarily undertaken in Chinese Yuan. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. If the Chinese Yuan had weakened (strengthened) against the U.S. dollar, with all other variables held constant, by 100 basis points (1%) at year end, the impact on net loss would have approximately $97,000 At the end of the reporting period, the carrying amounts of monetary assets and monetary liabilities denominated in Chinese Yuan are as follows: As at 30 June 2018 $ As at 30 June 2017 $ Assets 9,736,992 - Interest Rate Risk The Company has cash balances and no interest-bearing debt. It is management’s opinion that the Company is not exposed to significant interest risk arising from these financial instruments. Liquidity Risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon a related party and private placements as its sources of cash. The Company has received financing from a related party and private placements in the past; however, there is no assurance that it will be able to do so in the future.

Segmented Information

Segmented Information	12 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segmented Information	12. SEGMENTED INFORMATION The Company operates in one industry segment, being the senior housing and retirement services in China. Majority of capital assets are located in China. There are $9,684,115 saved in bank accounts in China in the form of Chinese Yuan, a loan of $52,877 receivable from a Chinese company and $18,233,403 in deposits for asset purchases in China.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	13. SUBSEQUENT EVENTS Between 30 June 2018 and 10 October 2018, the Company issued 57,203,013 shares of its common stock for gross proceeds of $18,673,398 (Note 6). Between 30 June 2018 and 10 October 2018, the Company cancelled 1,421,072 shares of its common stock for gross proceeds of $1,136,858 which were returned to treasury for cancellation. The remainder of 1,057,567 shares of its common stock for gross proceeds of $846,053 will be cancelled (Note 6). Between 30 June 2018 and 10 October 2018, the Company paid $5,131,000 (RMB 35,000,000) as deposit for assets purchasing (Note 4). On 1 September 2018, the Company has obtained the full management and operation rights of the hotel property and all other assets of Property A listed in asset purchase agreement (Note 4). On 8 August 2018, the Company entered into a share purchase agreement to purchase 100% outstanding shares of the Transferor for RMB 5,000,000. The transfer will be complete when all current and potential liabilities are settled by the Transferor (Note 4).

Commitments

Commitments	12 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments	14. COMMITMENTS The Company entered into the APA to purchase two properties in Shanghai totaling $ 36,991,173 (RMB 233,000,000). Payments of $18,233,403 has been made during the year ended 30 June 30 2018 and remainder of $ 18,757,769 are due in 18 months. On 15 June 2018, the Company entered into a conference consultancy service agreement whereas the consultant will provide consulting service and assistance to the Company to hold 30 conferences in China within a two-year period for a total purchase price of $ 794,000 (RMB 5,250,000).

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation The consolidated financial statements of the Company have been prepared in accordance with GAAP and are expressed in U.S. dollars. The Company’s fiscal year end is 30 June.
Principles of Consolidation	Principles of consolidation The Company’s consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Shanghai Hartford Health Management Ltd., a company incorporated in the People’s Republic of China from 9 November 2017, and Dynamic Grand Holdings Ltd., a company incorporated in Alberta, Canada from the date of incorporation on November 21, 2007 to the date of it being dissolved on 27 April 2017. All inter-company balances have been eliminated upon consolidation.
Cash and Cash Equivalents	Cash and cash equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less.
Derivative Financial Instruments	Derivative financial instruments The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
Revenue Recognition	Revenue recognition Revenue includes service and management fees associated with the operation of senior holiday services. Revenue is recognized when the services are rendered.
Property and Equipment	Property and equipment Property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of property and equipment consists of the purchase price, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use and an initial estimate of the costs of dismantling and removing the item. Depreciation is provided at rates calculated to write off the cost of property and equipment, less their estimated residual value, using the straight-line method over the following expected useful lives: ● Computer equipment: 2 years ● Furniture: 5 years
Income Taxes	Income taxes Deferred income taxes are reported for timing differences between items of income or expense reported in the consolidated financial statements and those reported for income tax purposes in accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes”
Basic and Diluted Net Loss Per Share	Basic and diluted net loss per share The Company computes net income (loss) per share in accordance with ASC 260, “ Earnings per Share
Segments of an Enterprise and Related Information	Segments of an enterprise and related information ASC 280, “Segment Reporting”
Foreign Currency Translation	Foreign currency translation The Company’s functional and reporting currency is U.S. dollars. The consolidated financial statements of the Company are translated to U.S. dollars in accordance with ASC 830, “ Foreign Currency Matters
Use of Estimates and Assumptions	Use of estimates and assumptions The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates.
Comparative Figures	Comparative figures Certain comparative figures have been adjusted to conform to the current year’s presentation.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements In February 2016, the FASB issued ASU No. 2016-02 (Topic 842) “Leases.” Topic 842 supersedes the lease recognition requirements in Accounting Standards Codification (“ASC”) Topic 840 “Leases.” Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. Leases will continue to be classified as either finance or operating. Topic 842 is effective for annual reporting periods and interim periods within those years beginning after 15 December 2018. Early adoption by public entities is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, and there are certain optional practical expedients that an entity may elect to apply. Full retrospective application is prohibited. The Company does not anticipate this amendment to have a significant impact on the consolidated financial statements. In April 2016, the FASB issued ASU 2016 – 10 “Revenue from Contract with Customers: identifying Performance Obligations and Licensing”. The amendments in this Update clarify the two following aspects (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this Update are intended to reduce the degree of judgement necessary to comply with Topic 606. This guidance is effective for reporting periods beginning after 15 December 2017. The Company does not expect the adoption of this guidance to have an impact on the consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. ASU 2016-13 is effective for annual reporting periods, and interim periods within those years beginning after 15 December 2019. The Company does not anticipate this amendment to have a significant impact on the consolidated financial statements.

Equipment (Tables)

Equipment (Tables)	12 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of Equipment	Furniture and Office Equipment $ Total $ COSTS 30 June 2017 - - Additions 3,157 3,157 30 June 2018 3,157 3,157 ACCUMULATED DEPRECIATION 30 June 2017 - - Additions 1,245 1,245 30 June 2018 1,245 1,245 NET BOOK VALUE 30 June 2017 - - 30 June 2018 1,912 1,912

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision	The provision for refundable federal income tax consists of the following: For the year ended 30 June 2018 $ For the year ended 30 June 2017 $ For the year ended 30 June 2016 $ Income tax rate 21 % 34 % 34 % Current operations (98,171 ) 10,017 (50,380 ) Contributions to capital by related parties - 16,218 21,624 Impact on change of tax rates and others 66,975 - - Less: Change in valuation allowance 31,196 (26,235 ) 28,756 Net refundable amount - - -
Schedule of Deferred Tax Assets	The composition of the Company’s deferred tax assets as at 30 June 2018 and 30 June 2017 are as follows: As at 30 June 2018 $ As at 30 June 2017 $ Net income tax operating loss carryforward 176,134 144,938 Less: Valuation allowance (176,134 ) (144,938 ) Net deferred tax asset - -

Supplemental Disclosures with_2

Supplemental Disclosures with Respect to Cash Flows (Tables)	12 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	For the year ended 30 June 2018 $ For the year ended 30 June 2017 $ For the year ended 30 June 2016 $ Cash paid during the period for interest - - - Cash paid during the period for income taxes 828 - -

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Schedule of Monetary Assets and Monetary Liabilities	At the end of the reporting period, the carrying amounts of monetary assets and monetary liabilities denominated in Chinese Yuan are as follows: As at 30 June 2018 $ As at 30 June 2017 $ Assets 9,736,992 -

Nature and Continuance of Ope_2

Nature and Continuance of Operations (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 26, 2017	Jun. 30, 2015
Common stock, par value per share	$ 0.001	$ 0.001		$ 0.001
Common stock shares authorized	200,000,000	200,000,000
Preferred stock, shares authorized	10,000,000	10,000,000		10,000,000
Preferred stock, par value	$ 0.001	$ 0.001		$ 0.001
Net income (loss)	$ (467,482)	$ 29,464	$ (148,178)
Working capital	7,769,148	34,213
Accumulated deficit	1,529,469	1,061,987
Cash	$ 9,701,075		$ 2,649		$ 372
Minimum [Member]
Common stock shares authorized				75,000,000
Maximum [Member]
Common stock shares authorized				200,000,000

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative)	12 Months Ended
	Jun. 30, 2018
Computer Equipment [Member]
Estimated useful lives	2 years
Furniture [Member]
Estimated useful lives	5 years

Loans Receivable (Details Narra

Loans Receivable (Details Narrative)	12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Jun. 30, 2018CNY (¥)	Jun. 30, 2017USD ($)
Loans receivable	$ 52,877
Bears interest rate	8.00%		8.00%
Accrued interest waived, value	$ 51,299
Shanghai Qiao Garden [Member]
Loans receivable	1,576,921
Proceeds from repayments of loan	$ 1,524,044
Shanghai Qiao Garden [Member]
Loans receivable | ¥			¥ 10,437,800
Proceeds from repayments of loan | ¥		¥ 10,087,000

Asset Purchase Agreement (Detai

Asset Purchase Agreement (Details Narrative) - USD ($)	Apr. 02, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Payments for purchase of assets		$ 3,157
Deposits		18,233,403
Subsequent to 30 June 2018 Three [Member]
Payments for purchase of assets		5,131,000
RMB [Member]
Deposits		115,682,000
RMB [Member] | Subsequent to 30 June 2018 One [Member]
Payments for purchase of assets		9,318,000
RMB [Member] | Subsequent to 30 June 2018 Two [Member]
Payments for purchase of assets		25,682,000
RMB [Member] | Before 9 April 2018 [Member]
Payments for purchase of assets		7,000,000
RMB [Member] | Before April 10, 2018 [Member]
Payments for purchase of assets		43,000,000
RMB [Member] | Before May 10, 2018 [Member]
Payments for purchase of assets		20,000,000
RMB [Member] | Before July 31, 2018 [Member]
Payments for purchase of assets		20,000,000
RMB [Member] | Before October 30, 2018 [Member]
Payments for purchase of assets		35,000,000
RMB [Member] | Before December 30, 2018 [Member]
Payments for purchase of assets		35,000,000
RMB [Member] | Before April 30, 2019 [Member]
Payments for purchase of assets		30,000,000
RMB [Member] | Before August 31, 2019 [Member]
Payments for purchase of assets		22,000,000
RMB [Member] | Before December 31, 2019 [Member]
Payments for purchase of assets		21,000,000
Shanghai Qiao Garden [Member] | RMB [Member] | Subsequent to 30 June 2018 Three [Member]
Payments for purchase of assets		35,000,000
Asset Purchase Agreement [Member]
Payments for purchase of assets	$ 36,991,173	18,233,403
Asset Purchase Agreement [Member] | RMB [Member]
Payments for purchase of assets		115,682,000
Asset Purchase Agreement [Member] | Land Buildings and Property Rights [Member] | RMB [Member]
Payments for purchase of assets	$ 233,000,000
Asset Purchase Agreement [Member] | Shanghai Qiao Garden [Member] | Property A [Member]
Ownership percentage	100.00%
Asset Purchase Agreement [Member] | Shanghai Qiao Garden [Member] | Property B [Member]
Ownership percentage	100.00%
Asset Purchase Agreement [Member] | RMB [Member]
Payments for purchase of assets		25,682,000
Shares Purchase Agreement [Member] | Shanghai Qiao Garden Information Technology, Ltd. [Member]
Business acquisition outstanding shares value		731,968
Shares Purchase Agreement [Member] | RMB [Member] | Shanghai Qiao Garden Information Technology, Ltd. [Member]
Business acquisition outstanding shares value		$ 5,000,000
Shares Purchase Agreement [Member] | Property B [Member]
Business acquisition percentage		100.00%

Equipment - Schedule of Equipme

Equipment - Schedule of Equipment (Details)	12 Months Ended
	Jun. 30, 2018USD ($)
Costs, Beginning
Additions	3,157
Costs, Ending	3,157
Accumulated depreciation, Beginning
Additions	1,245
Accumulated depreciation, Ending	1,245
Net book value, Beginning
Net book value, Ending	1,912
Furniture and Office Equipment [Member]
Costs, Beginning
Additions	3,157
Costs, Ending	3,157
Accumulated depreciation, Beginning
Additions	1,245
Accumulated depreciation, Ending	1,245
Net book value, Beginning
Net book value, Ending	$ 1,912

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	Apr. 07, 2018	Mar. 02, 2018	Oct. 05, 2017	Sep. 08, 2017	Aug. 08, 2017	Aug. 04, 2017	Apr. 20, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 26, 2017
Common stock, shares authorized								200,000,000	200,000,000
Common stock, par value per share								$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized								10,000,000	10,000,000	10,000,000
Preferred stock, par value								$ 0.001	$ 0.001	$ 0.001
Capital stock, shares issued								79,925,000	9,945,000
Capital stock, shares outstanding								79,925,000	9,945,000
Number of common shares cancelled								13,050,000
Proceeds from common shares cancelled								$ 652,500
Share subscriptions received in advance								18,189,623
Share subscription funds to be returned								$ 1,982,911
Private Placement [Member]
Common shares issued for private placements, shares	47,500,000	2,920,000	5,000,000	1,950,000	19,910,000	5,750,000	20,000
Proceeds from private placement	$ 7,124,109	$ 146,000	$ 250,000	$ 97,500	$ 995,500	$ 287,500	$ 20,000
Shares issued price per share							$ 1
Minimum [Member]
Common stock, shares authorized										75,000,000
Maximum [Member]
Common stock, shares authorized										200,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Management fees	$ 75,000	$ 45,000	$ 60,000
Consulting fee	74,333	15,934	15,092
Former officer and Former Director [Member]
Management fees		45,000	60,000
Rent		2,700	3,600
Chief Financial Officer [Member]
Management fees	75,000
Consulting fee	16,000
Amount owed to related party	$ 3,160	$ 3,034

Service Agreement (Details Narr

Service Agreement (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Service Agreement
Booking fees	$ 80
Management fees	2,000
Amounts receivable		$ 50,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Jun. 30, 2018USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carry-forward	$ 839,000
Net operating loss carry-forward expires	expires between 2024 and 2038

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax rate	21.00%	34.00%	34.00%
Current operations	$ (98,171)	$ 10,017	$ (50,380)
Contributions to capital by related parties
Impact on change of tax rates and others	66,975
Less: Change in valuation allowance	31,196	(26,235)	28,756
Net refundable amount

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Net income tax operating loss carryforward	$ 176,134	$ 144,938
Less: Valuation allowance	(176,134)	(144,938)
Net deferred tax asset

Supplemental Disclosures with_3

Supplemental Disclosures with Respect to Cash Flows (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Management fees	$ 75,000	$ 45,000	$ 60,000
Former officer and Former Director [Member]
Management fees		45,000	60,000
Rent		$ 2,700	$ 3,600

Supplemental Disclosures with_4

Supplemental Disclosures with Respect to Cash Flows - Schedule of Supplemental Cash Flow Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash paid during the period for interest
Cash paid during the period for income taxes	$ 828

Financial Instruments (Details

Financial Instruments (Details Narrative)	12 Months Ended
	Jun. 30, 2018USD ($)
Investments, All Other Investments [Abstract]
Foreign currency transactions net loss	$ 97,000

Financial Instruments - Schedul

Financial Instruments - Schedule of Monetary Assets and Monetary Liabilities (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Investments, All Other Investments [Abstract]
Assets	$ 9,736,992

Segmented Information (Details

Segmented Information (Details Narrative)	12 Months Ended
	Jun. 30, 2018USD ($)Segments
Segment Reporting [Abstract]
Operating segments | Segments	1
Cash at bank	$ 9,684,115
Proceeds from related party debt	52,877
Deposits in assets purchases	$ 18,233,403

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Aug. 08, 2018	Oct. 10, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Gross proceeds from common stock			$ 8,248,109	$ 20,000	$ 30,000
Number of common shares cancelled			13,050,000
Proceeds from common shares cancelled			$ 652,500
Assets purchases			$ 3,157
Capital Stock [Member]
Number of common stock shares issued			69,980,000	20,000	30,000
Subsequent Event [Member]
Assets purchases		$ 5,131,000
Subsequent Event [Member] | Share Purchase Agreement [Member]
Outstanding shares percentage	100.00%
Subsequent Event [Member] | RMB [Member]
Assets purchases		$ 35,000,000
Subsequent Event [Member] | RMB [Member] | Share Purchase Agreement [Member]
Assets purchases	$ 5,000,000
Subsequent Event [Member] | Capital Stock [Member]
Number of common stock shares issued		57,203,013
Gross proceeds from common stock		$ 18,673,398
Number of common shares cancelled		1,421,072
Proceeds from common shares cancelled		$ 1,136,858
Subsequent Event [Member] | Capital Stock One [Member]
Number of common shares cancelled		1,057,567
Proceeds from common shares cancelled		$ 846,053

Commitments (Details Narrative)

Commitments (Details Narrative) - USD ($)	Jun. 15, 2018	Apr. 02, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Payments to acquire properties purchased			$ 3,157
Asset Purchase Agreement [Member]
Properties purchase price, value			36,991,173
Payments to acquire properties purchased		$ 36,991,173	18,233,403
Asset Purchase Agreement [Member] | Due in 18 Months [Member]
Payments to acquire properties purchased			18,757,769
Asset Purchase Agreement [Member] | RMB [Member]
Properties purchase price, value			233,000,000
Payments to acquire properties purchased			$ 115,682,000
Conference Consultancy Service Agreement [Member]
Properties purchase price, value	$ 794,000
Agreement term	2 years
Conference Consultancy Service Agreement [Member] | RMB [Member]
Properties purchase price, value	$ 5,250,000